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Category Archives Fifth Street Finance

Nothing lasts forever, not even BDC Sector stock slumps. As we expected, the record series of day losses across the entire breadth of BDC-land has been followed by an equally broad-based surge upwards in the past two days. As we promised, we've been tweeting about the subject at #bdcreporter. We are writing this after Day Two of the...

As expected, Fifth Street Finance (FSC) offered up a lower fee on new equity raised in future. We are underwhelmed and discuss the bigger picture of the mismatch of the BDC sector's misaligned incentives, and the long term impact on the industry. Unfortunately, greed is likely to win out in short term as the foxes run the hen house....