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Business development companies get loan quality boost, says report
7 years ago
The portfolio asset quality of business development companies improved dramatically between the second and third quarters of 2016, according to a report by Debtwire Middle Market -
Fifth Street shuffle: loan manager brings in former Apollo CIO
7 years ago
Fifth Street Asset Management has taken on Patrick Dalton, previously chief executive of asset-based lender Gordon Brothers Finance, as co-president -
How joint ventures juice up BDCs
7 years ago
As CLO equity investments fall out of favour with business development companies, joint-venture loan funds are growing fast -
Fifth Street Asset Management delays earnings and revisits accounting methodology
7 years ago
Credit manager Fifth Street Asset Management announced yesterday that it has delayed its third quarter results, which were due today -
Point up front: nice work if you can get it
7 years ago
Details of the pay-off to the outgoing manager of business development company Full Circle Capital are buried deep in a recent regulatory filing -
Bain joins craze for private BDCs
7 years ago
Bain Capital Credit held the first close of capital raising for a new private business development company yesterday -
Mast Capital makes distressed play for BDC
7 years ago
Credit hedge fund Mast Capital has raised some eyebrows in the US middle market by launching a novel bid for Full Circle Capital -
Fishknife: Enter BDC badlands at your own risk
7 years ago
Make a hash of running non-traded BDCs and the retail investors buying them will suffer – and so will you -
US start-up Owl Rock pulls in a further $700 million for mid-market fund
7 years ago
Former GSO founder's new firm gets off to a flying start, increasing commitments to its first fund from $1 billion to $1.7 billion, according to a regulatory filing last week -
Business development company TICC rotates into less liquid loans
7 years ago
Business development company TICC has sold $59 million of loans at around par in the past quarter and has redeployed the capital into higher yielding, less liquid loans -
Ares looks sharp with new fund
7 years ago
Ares signs up pension scheme for BDC trading fund -
Warren Resources default leaves GSO retail investors facing losses
7 years ago
Retail investors in a series of funds managed by GSO Capital are set to take a hit as yet another oil and gas company struggles to restructure its debt -
Shareholder launches lawsuit over Prospect Capital CLO marks
7 years ago
Prospect's quarter billion of management fees are excessive, lawsuit claims -
Loan manager Fifth Street fights off attack from activist investor
7 years ago
Fifth Street Asset Management successfully fought of a bid by an activist investor to sack it as manager of one of its two listed business development companies last week -
Oak Hill's takeover credit fund takes hit on energy names
8 years ago
An Oak Hill-managed credit fund has suffered big losses on energy names, which have wiped 12% off the value of the entity -
BDC changes name and hints at shift in strategy
8 years ago
Specialist venture capital lender Hercules Technology Growth is renaming itself as Hercules Capital -
Credit manager Fifth Street buys off activist investor
8 years ago
Credit manager Fifth Street has bought off an activist investor that was seeking to have the firm sacked from its role as manager of a publicly listed business development company -
Oak Hill appoints mid-market specialist as head of its BDC
8 years ago
Oak Hill Advisors has announced that it has appointed a new head of the business development company it bought in 2014 -
Troubled BDCA drops plans for new vehicle
8 years ago
Business Development Corporation of America has dropped plans to ramp up a second business development company -
Medley becomes latest BDC to cut management fees
8 years ago
Medley Capital has become the latest business development company to cut its management fees -
Besieged mid-market lender discloses accounting glitch
8 years ago
A listed business development company discloses “material weakness in internal control over financial reporting” -
Mid-market lender takes hit on energy loans and bonds
8 years ago
Mid-market credit fund takes a hit on two unitranches and one publicly traded bond -
Fee cut promise puts Benefit Street ahead on the cards in BDC fight
8 years ago
Benefit Street Partners has won a significant round in its fight to take over management of business development company TICC Capital by bringing the target company's biggest shareholder into its corner -
Mid-market lender Fifth Street vows to fight class action lawsuits
8 years ago
Fifth Street says it will defend itself vigorously against two class action lawsuits launched against the mid-market debt specialist -
Business development company shaves 25bp off its management fee
8 years ago
Gladstone Capital says it will cut its senior management fee as signs grow that 2% fees are under threat
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