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KKR plans follow-up to $3.7 billion loan fund
8 years ago
KKR has signed a deal to launch a second business development company in parternship with a real estate company based in Orlando. -
TPG makes latest hostile bid for CLO investor
8 years ago
TPG has made a bid to buy TICC Capital, joining Highland in a three-way battle with Benefit Street for the fund -
Texas lenders take the road less travelled in unique BDC joint venture
8 years ago
Two business development companies have teamed up to create the latest example of a mid-market lending joint venture -
BDCs could sell orphan CLOs as valuations drag
8 years ago
CLOs are dragging down the valuations of business development companies that own them, analysis by Creditflux shows -
PennantPark wins battle to buy mid-market lender MCG
8 years ago
PennantPark has won the battle to take over business development company MGC Capital, beating off a rival bid from hedge fund manager Philip Falcone's H2C Holdings -
Short-sellers pile into labouring BDC
8 years ago
A publicly traded mid-market lending fund has become the focus of intense short-selling in recent months -
Benefit Street agrees deal to buy TICC
8 years ago
Benefit Street Capital, the credit arm of Providence Equity Partners, plans to buy business development company TICC Capital -
Manager eyes BDC conversion
8 years ago
A mid market lender is seeking to convert one of its credit funds into a business development company -
Boston-based mid-market lender plans non-traded BDC
8 years ago
Team led by former GE official hopes to raise $150 million for non-listed vehicle to invest in senior mid-market loans -
GE turmoil prompts American Capital to change tack
8 years ago
American Capital has dropped plans to split itself into two new business development companies, one focused on senior loans and CLOs and the other backing third-party buy-outs to mid market firms -
Falcone's HC2 bids for business development company MCG
8 years ago
A bidding war has broken out for MCG Capital, after Philip Falcone's investment vehicle HC2 Holdings today launched a bid for the business development company -
Fifth Street puts money to work from Glick family joint venture
9 years ago
Fifth Street Asset Management has invested $87 million out of a planned $300 million through a new joint venture, according to an announcement -
PennantPark buys rival business development company
9 years ago
US mid-market credit specialist PennantPark has bought struggling rival MCG Capital, according to announcement -
Golub manages rare feat of raising new BDC capital
9 years ago
Golub Capital has raised $61 million for its business development company, Golub Capital BDC, according to an announcement on Friday -
Hedge fund shorts BDCs as they struggle to raise new capital
9 years ago
A business development company manager puts it knowledge of the sector to work managing a fund that takes short positions in BDCs -
The promise and pitfalls of permanent capital
9 years ago
Business development companies are a nice string to a loan manager's bow. But they shouldn't rely on them -
Prospect Capital moves closer to CLO portfolio spin-off
9 years ago
Prospect Capital, one of the biggest recent investors in CLO equity, has unveiled details of a new vehicle into which it plans to spin out part of its CLO portfolio -
CapitalSouth becomes latest BDC manager to set up JV
9 years ago
A business development company managed by Charlotte-based CapitalSouth Partners has become the latest to set up a joint venture to manage mid-market loans -
We’ll purchase shares, says BDC manager as buy-back pressure grows
9 years ago
Tennenbaum Capital Partners has become the first business development company (BDC) in recent months to announce a plan to buy back its own shares -
Investors block bid by BDC to raise new shares
9 years ago
Tensions grow in the BDC sector between managers seeking growth and shareholders fearing dilution -
We’re not selling anything any time soon, says big CLO equity investor
9 years ago
After a spate of recent sales, Prospect Capital plans to hold onto its remaining CLO equity positions -
No excuses, BDCs need to buy back shares, says top analyst
9 years ago
Business development companies can't invest in any assets that provide a better yield than their own shares -
Struggling mid-market lender MCG Capital puts itself up for sale
9 years ago
A US mid-market credit manager has hired Morgan Stanley to find a buyer for the business -
BDC share price slump is reducing demand for CLO equity, says Wells
9 years ago
Wells Fargo CLO analyst Dave Preston points out in a research note today that business development companies now own almost 10% of US CLO equity issued since 2011 -
Mid-market lender Fifth Street highlights low energy exposure
9 years ago
Mid market lenders face growing scrutiny for their oil and gas concentrations
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