BDC

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.

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.

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

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

Fundraising hit a new record in 2025, but only just!

Alternative managers have an expanded arsenal compared with the last time public markets soured on BDCs.

MLEND will be available to clients of financial advisers through US-based RIA and broker-dealer networks

The Private Debt Investor BDC ranking looks at the biggest managers of business development companies in North America, with rankings for both public and private BDCs.

LPs increasingly value Europe’s diversification opportunities, while the US remains compelling from an opportunistic perspective, says Park Square Capital managing partner Robin Doumar.