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News Stories (49 Results) - Business Develoment Company

Apollo Debt Solutions BDC (“ADS” or the “Fund”) has appointed Eric Rosenberg and Adam Eling as Chief Financial Officer and Chief Operating Officer, respectively, of ADS, effective October 2, 2023. ADS is a non-exchange traded business development... Read Story
October 06, 2023, 08:30 AM

Jefferies Credit Partners, a leading private credit manager and the asset management arm of Jefferies Finance, announced the intention to launch a private placement of a business development company (“BDC”) to further enhance its lending capacity in... Read Story
July 20, 2023, 08:05 AM

Golub Capital announced that the Golub Capital Private Credit Fund (GCRED), a non-traded business development company, broke escrow with approximately $650 million in net proceeds on June 30, 2023. Golub Capital, founded in 1994, is a leading lender... Read Story
July 07, 2023, 07:34 AM

Ares Management Corporation announced the launch of Ares Strategic Income Fund (“ASIF”), a perpetual capital, continuously offered, non-traded business development company, which seeks to primarily invest in directly originated, senior secured... Read Story
April 25, 2023, 08:00 AM

Crescent Capital BDC announced the closing of the previously announced merger with First Eagle Alternative Capital BDC. The combined company, which will remain externally managed by Crescent Cap Advisors, LLC, a subsidiary of Crescent Capital Group... Read Story
March 13, 2023, 07:33 AM

Bain Capital Credit, a leading global credit specialist, announced the launch of Bain Capital Private Credit (“BCPC” or the “Fund”), a perpetual life, non-traded business development company. The Fund will offer access to income-producing investments... Read Story
February 17, 2023, 07:56 AM

Nuveen, the $1.1 trillion investment manager of TIAA, and Churchill Asset Management, an investment-specialist affiliate of Nuveen, announced that Nuveen Churchill Private Capital Income Fund (PCAP) will offer qualified individual investors1 access... Read Story
February 09, 2023, 07:49 AM

Golub Capital BDC originated $247.0 million in new middle-market investment commitments during the three months ended December 31, 2022. Approximately 93% of the new middle-market investment commitments were one stop loans, 3% were senior secured... Read Story
January 11, 2023, 07:49 AM

Angelo, Gordon & Co. announced that AG Twin Brook Capital Income Fund (“TCAP” or the “Fund”) has launched with more than $800 million in total assets. TCAP is a non-traded business development company (“BDC”) that has approximately $530 million in... Read Story
January 06, 2023, 08:00 AM

Trinity Capital entered into an agreement to co-manage a newly formed joint venture, i40, LLC (the "JV"), with certain funds and accounts managed by a specialist credit manager with over $5 billion of assets under management. The JV will invest in... Read Story
December 08, 2022, 07:36 AM

SLR Investment Corp. has entered into a joint venture agreement with SunStone Senior Credit L.P. (the “Investor”) to create SLR Senior Lending Program LLC (“SSLP”). The joint venture is expected to invest primarily in senior secured cash flow... Read Story
October 13, 2022, 07:55 AM

Golub Capital BDC originated $176.7 million in new middle-market investment commitments during the three months ended September 30, 2022. Approximately 91% of the new middle-market investment commitments were one stop loans, 7% were senior secured... Read Story
October 12, 2022, 07:49 AM

Golub Capital BDC originated $449.6 million in new middle-market investment commitments during the three months ended June 30, 2022. Approximately 93% of the new middle-market investment commitments were one stop loans, 2% were senior secured loans... Read Story
July 13, 2022, 08:00 AM

Rand Capital Corporation, a business development company providing alternative financing for lower middle market companies, announced the closing of a $25 million senior secured revolving credit facility. The funds are expected to be used for future... Read Story
June 28, 2022, 07:42 AM

Stellus Capital Management, a leader in middle market direct lending, announced the final close of Stellus Credit Fund III (“SCF III” or “the Fund”). The Firm materially exceeded its target fundraising goal with approximately $1.8 billion of... Read Story
May 20, 2022, 07:50 AM

Golub Capital BDC originated $306.3 million in new middle-market investment commitments during the three months ended March 31, 2022. Approximately 94% of the new middle-market investment commitments were one stop loans, 2% were senior secured loans... Read Story
April 12, 2022, 07:53 AM

TCG BDC announced that it will change its name to Carlyle Secured Lending effective April 11th, 2022.“We are pleased to announce the renaming of TCG BDC as Carlyle Secured Lending. Our new name best reflects Carlyle’s twenty-year investment heritage... Read Story
April 12, 2022, 07:01 AM

Trinity Capital, a specialty lending company that provides debt, including loans and equipment financing, to growth stage companies backed by technology banks, venture capital and private equity firms, announced the promotions of two senior... Read Story
March 21, 2022, 08:00 AM

Bain Capital Specialty Finance announced the formation of Bain Capital Senior Loan Program, LLC ("SLP"). The SLP will provide BCSF with greater balance sheet flexibility to capitalize on senior middle market loan opportunities to borrowers in North... Read Story
February 15, 2022, 07:09 AM

Great Elm Capital (GECC), a business development company, acquired a majority equity interest in Sterling Commercial Credit, LLC (“Sterling”) a leading asset-based lender.Established in 2004, Sterling provides asset-based loans to middle market... Read Story
February 04, 2022, 08:00 AM

Apollo Debt Solutions BDC has launched with more than $1 billion in assets under management. On Friday, January 7, the Fund broke escrow with approximately $657 million in equity net proceeds for its continuous public offering (the “Offering”). In... Read Story
January 12, 2022, 08:00 AM

Franklin BSP Lending Corporation (“FBLC”) and Franklin BSP Capital Corporation (“FBCC”), business development companies advised by affiliates of Benefit Street Partners L.L.C. (“BSP”), announced the acquisition of substantially all of the equity... Read Story
January 05, 2022, 08:03 AM

Goldman Sachs BDC announced that Alex Chi and David Miller, co-heads of Goldman Sachs Asset Management Private Credit in the Americas, will become co-CEOs and co-Presidents of Goldman Sachs BDC, Inc., effective March 2022. After a 15-year career at... Read Story
December 21, 2021, 08:06 AM

Saratoga Investment Corp., a business development company, announced that its wholly-owned subsidiary, Saratoga Investment Funding II LLC (“SIF II”), an entity formed for purposes of entering into this financing arrangement, closed a new $50.0... Read Story
October 07, 2021, 08:02 AM

Great Elm Capital Corp. (GECC), a business development company, has acquired a majority equity interest in Lenders Funding, LLC (Lenders) a private funding and risk sharing source for factors and asset-based lenders.Established in 2000, Lenders... Read Story
September 21, 2021, 08:04 AM

Monroe Capital Corporation announced its second quarter 2021 Business Development Company results. Second Quarter 2021 Financial Highlights: Paid quarterly dividend of $0.25 per share Current annual cash dividend yield to shareholders of... Read Story
August 05, 2021, 07:35 AM

Prospect Capital Corporation funded a $55 million first lien senior secured floating rate term loan to support the acquisition of Enseo Holdings, Inc. by an affiliate of H.I.G. Capital, LLC.Enseo is the premier provider of customer experience... Read Story
June 22, 2021, 07:27 AM

Golub Capital BDC originated $234.7 million in new middle-market investment commitments during the three months ended March 31, 2021. Approximately 75% of the new middle-market investment commitments were one stop loans, 24% were senior secured loans... Read Story
April 09, 2021, 07:55 AM

Owl Rock Capital has received approval from the shareholders of each of its four requisite business development companies ("BDCs") for new investment advisory agreements related to the recently announced combination of Owl Rock and Dyal Capital... Read Story
March 18, 2021, 06:00 AM

Golub Capital BDC closed a new senior secured syndicated revolving credit facility. The Facility is led by JPMorgan Chase Bank and includes a total of six bank participants.   The Facility closed on February 11, 2021. Under the Facility, the lenders... Read Story
February 16, 2021, 08:05 AM

Fitch Ratings’ sector outlook for business development companies (BDCs) is worsening for 2021, driven by the expectation for weaker asset quality metrics and the potential for valuation volatility as a result of the challenging economic backdrop... Read Story
October 21, 2020, 09:05 AM

FS/KKR Advisor, LLC (FS/KKR), a partnership between FS Investments and KKR Credit Advisors (US) LLC, announced that the merger of FS Investment Corporation ( and Corporate Capital Trust, Inc. has closed, creating the second-largest publicly traded... Read Story
December 20, 2018, 07:30 AM

Business Development Companies (BDCs) that rely on Collateralized Loan Obligations (CLOs) as a part of their funding strategies can breathe a little easier after the Securities and Exchange Commission suggested it would not take enforcement action... Read Story
September 13, 2018, 07:56 AM

Golub Capital BDC, Inc., a business development company, announced the closing of a new $300 million credit facility with Morgan Stanley Bank, N.A., as lender. The Credit Facility has a revolving availability period that extends through January 21... Read Story
July 24, 2018, 07:14 AM

AloStar Capital Finance successfully agented and closed a $50 million committed credit facility for KCAP, a publicly traded Business Development Company (BDC).“Thanks to AloStar, we will be able to expand our portfolio and grow investment... Read Story
June 07, 2018, 07:08 AM

Additional Business Development Companies (BDCs) are likely to seek board and/or shareholder approval to increase leverage to 2.0x from 1.0x following recent changes from the Small Business Credit Availability Act, which was signed into law on March... Read Story
April 16, 2018, 07:08 AM

Golub Capital BDC, Inc., a business development company, announced that it originated $136.0 million in new middle-market investment commitments during the three months ended March 31, 2018. Approximately 79% of the new middle-market investment... Read Story
April 11, 2018, 07:19 AM

FS Investments and KKR announced the closing of their previously announced transaction to create the market's largest business development company (BDC) platform, with $18 billion in combined assets under management. A new partnership, FS/KKR... Read Story
April 09, 2018, 08:00 AM

Ares Capital Corporation announced that it plans to recommend a path for approval of a certain provision contained in the recently passed Small Business Credit Availability Act (SBCAA) that was signed into law on March 23, 2018. The SBCAA includes a... Read Story
April 03, 2018, 08:00 AM

A last-minute inclusion to a massive spending package passed by Congress last week and signed by President Donald Trump on Friday will allow investment companies controlled by private-equity firms to borrow more money and increase their lending. But... Read Story
March 27, 2018, 07:41 AM

The U.S. House Financial Services Committee approved by a wide margin, a bipartisan measure to loosen restrictions on Business Development Companies that lend to small businesses and the middle market. Introduced by Representatives Steve Stivers... Read Story
November 20, 2017, 08:00 AM

Oaktree Capital Management, L.P, which is part of Oaktree Capital Group, has signed a definitive asset purchase agreement under which Oaktree will become the new investment adviser to two business development companies (BDCs): Fifth Street Finance... Read Story
July 17, 2017, 07:40 AM

Owl Rock Capital Corporation and Regents of the University of California entered into the Amended and Restated Limited Liability Company Agreement to co-manage a new lending vehicle named Sebago Lake LLC, according to a recent regulatory filing.... Read Story
June 30, 2017, 07:25 AM

Newtek Business Services Corp., an internally managed business development company, announced that Newtek Merchant Solutions, Premier Payments LLC, Small Business Lending, LLC, banc-serv Partners, LLC and Newtek Technology Solutions, each a... Read Story
June 23, 2017, 07:00 AM

TCG BDC, Inc.announced that it plans to make an initial public offering of 9,000,000 shares of its common stock. TCG BDC is expected to list its common stock on the NASDAQ Global Select Market under the symbol “CGBD.” The underwriters are expected to... Read Story
June 12, 2017, 07:18 AM

The run-up in business development company (BDC) equity prices in recent months should lead to further opportunistic equity issuance by some BDCs, says Fitch Ratings. For those firms trading above net asset value (NAV) and able to access equity... Read Story
September 21, 2016, 07:27 AM

Capital Southwest Corporation provided a $13 million term loan to refinance existing first lien debt of Amware Fulfillment, LLC ("Amware"), a portfolio company of Rotunda Capital Partners. The transaction closed on July 29, 2016. Capital Southwest is... Read Story
August 03, 2016, 07:50 AM

Full Circle Capital Corporation ("Full Circle") announced that it has entered into a merger agreement with Great Elm Capital Corp., a company formed by Great Elm Capital Group, Inc. ("GEC", formerly Unwired Planet, Inc.) and funds managed by MAST... Read Story
June 24, 2016, 07:30 AM

Fitch Ratings has affirmed the 'BB' Long-Term Issuer Default Rating (IDR) and debt ratings of Fifth Street Finance Corp (FSC). The Rating Outlook is Negative. Fitch has chosen to withdraw the ratings of FSC for commercial reasons. A full list of... Read Story
June 08, 2016, 07:29 AM