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We are updating surprising developments at Alcentra Capital (ABDC) from a review of its latest filings, which have provided additional details about the write-down of one of its portfolio investments in the IVQ of 2015, and included rosy expectations for write-ups elsewhere in 2016. We also provide details on how we are invested in this environment, and our approach...

Started writing this article during the BDC meltdown and finished as we rally. We review the huge drop in BDC Sector prices over the last 2 years-including 13 new lows reached- and the very good reasons why. However, we find us ourselves optimistic that a buyer at these levels might have the opportunity to make out-sized returns. We...

In a new feature, we bring to your attention select Business Development Company SEC filings, and analyze the impact and import of the disclosures tucked away in the Investor Relations section. We start with a number of items at American Capital (ACAS), where insider sales activity is high. However, a major new shareholder has arrived on the scene...

The BDC Reporter ends the year with a quick review of how BDC common stocks have performed in a Bad Year for most every asset class out there. There's no sugar coating here, and no rose-colored view of 2016. We close with a brief insight into how we are positioning our own investments in BDC-land.