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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 -
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 -
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 -
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
8 years ago
Prospect's quarter billion of management fees are excessive, lawsuit claims -
Loan manager Fifth Street fights off attack from activist investor
8 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 -
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 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 -
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 -
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
8 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
8 years ago
US mid-market credit specialist PennantPark has bought struggling rival MCG Capital, according to announcement
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