BDC

The worst of times may be the best of times for private credit, says Oaktree’s Hobbs

Spreads now have a floor, creating opportunities, the deputy chief investment officer tells NEXUS 2026

Blue Owl halts quarterly redemptions in a non-traded BDC

The manager sells $1.4bn of loans in three BDCs and gates Blue Owl Capital Corp II.

The increasing visibility of stress

The BDC market provides a window into more challenging conditions, while maturity walls may force restructurings.

Several reports on BDCs point to deteriorating picture

Fitch reports spike in redemptions in non-traded BDCs, while Stanger warns of ‘hairpin turn’ and Solve sees a rise in non-accruals.

Blue Owl’s Lipschultz seeks to quell fears of ‘red flags’ in software portfolio

As the firm reports record AUM, executives on the earnings call say only 8% of AUM is in software lending, with strong loan-to-value ratios.

Why BDC troubles might be hard to shake off

The business development company market in the US is already coming under pressure – and a high exposure to the software sector may make things worse.

Investors tender $527m of shares in tech-focused Blue Owl BDC

The manager previously moved its redemptions threshold to 17% from 5%.

BlackRock BDC marks down NAV by 19%

BlackRock TCP Capital Corp was hit by a string of deteriorating credits, including Renovo.