Benefit Street takes over business development company from AR Global2 years ago
Business Development Corporation of America has announced that Benefit Street Partners has officially taken over as its new external advisor, taking over from AR Global.
Pension fund supports TPG private credit push with $60 million mandate2 years ago
TPG’s hopes of expanding its lending platform have been given a boost after the asset manager won a $60 million private credit mandate from a US pension fund
Nexpoint makes hostile takeover bid for BDCA2 years ago
Highland Capital Management affiliate NexPoint Advisors has made a bid to take over management of Business Development Corporation of America
Direct lender FS commits $830 million in Q2 mid-market push2 years ago
FS Investments, the firm formerly known as Franklin Square, has announced that its direct lending platform made over $830 million in new mid-market loans in the second quarter
Pension fund awards new credit manager $150 million for BDC2 years ago
A new credit firm, led by senior officials including one of the founders of GSO Capital Partners, has won a $150 million mandate for a private credit strategy
Chief investment officer for Apollo BDC resigns2 years ago
Apollo Global Management has made changes to its line-up after its global co-head of direct lending resigned
Ares agrees to buy American Capital business for $3.4 billion3 years ago
Ares Capital Corporation, the business development company run by Ares Management, has agreed a deal to acquire American Capital for $3.4 billion
Bank research takes aim at Prospect Capital over CLO equity marks3 years ago
Further concerns have been raised about Prospect Capital’s (PSEC) CLO equity marks in a scathing equity research piece titled "The more things change, the more they stay the same."
Industry stars sign up as speakers for Private Credit3 years ago
Top names from across the middle-market lending business, including David Brackett of Antares, Ken Kencel from Churchill Asset Management and Kayne Anderson's Jim Hunt will lead the speaker line up at Creditflux's Pivate Credit event in New York
Fifth Street BDC cuts management fees3 years ago
Fifth Street Asset Management has taken a road that is becoming increasingly well-travelled: The BDC manager has agreed to cut its fees by 25bp
BDCs marked energy loans down by 18.8% in one year, finds MMKT3 years ago
Average marks across energy loans were down almost 20% in the third quarter of 2015 compared to a year earlier.
Franklin Square teams up with GSO for its fourth BDC3 years ago
Philadelphia-based manager launches non-traded BDC with credit fund manager
Fifth Street hits back against BDC investor RiverNorth3 years ago
Fifth Street Asset Management issues riposte to investor via press release
Investor dedicates website to 'fixing' Fifth Street BDC3 years ago
RiverNorth Capital Management calls for change in BDC manager and lambasts fees
Direct lender Comvest hires from Alcentra3 years ago
Middle-market investor Comvest Partners has announced that it has hired Colleen Gurda to its direct lending group
Prospect Capital explains new CLO trading strategy3 years ago
Officials at Prospect Capital gave an insight into the company's CLO investment strategy last week during an earnings call.
BDC puts $22 million towards CLO warehouse line3 years ago
A BDC has contributed to a CLO being planned by one of its asset managers
BDC considers launching new US CLO management unit3 years ago
A BDC manager, which has not previously invested in CLO equity, is eyeing a CLO management business as it seeks growth in broadly syndicated loans
THL becomes latest BDC to cut CLO equity investments3 years ago
BDC managers are turning away from CLO equity and refocusing on middle-market loans
GSO hires structured credit veteran for leverage sourcing role3 years ago
Former head of credit investments joins credit manager to work on leverage solutions
CLO manager joins Prospect's approved list after secondary market trade3 years ago
Prospect Capital has been active in the secondary CLO market after purchasing control of a 2014 deal overseen by a boutique CLO manager
Carlyle bolsters its US mid-market team with hire from American Capital3 years ago
The Carlye Group has announced the hire of Dan Cohn-Sfetcu to its middle-market US business.
Carlyle markets its first mid-market CLO in low-levered deal4 years ago
The Carlyle Group is preparing its first in-house middle market CLO, according to market sources. The deal will be 2.17 times levered, and is expected to price next week.
BDC manager Medley makes big hire to marketing team4 years ago
Middle-market lender Medley has made a big-name hire to its marketing team in New York
BDC makes first move into CLOs after purchasing equity in GSO deal4 years ago
A business development company, now led by a sizeable structured credit investor, has made its first CLO investment.
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