In May, the Carlyle Group finds an innovative way to support TCG BDC’s liquidity and leverage metrics. We review the details and debate whether the BDC’s shareholders should be delighted or not.
With BDC earnings season around the corner, the sector’s prices stabilized but individual BDCs remained highly volatile both up and down. The BDC Reporter discusses the upcoming earnings and portfolio releases and their importance in the short and longer term in what looks like a critical year in the history of the sector.
Carlyle’s public BDC – TCG BDC – provides an update on key metrics, but leaves much unsaid. The BDC Reporter connects the dots as much as possible and offers up our assessment of the principal challenge that lies ahead for this recently public BDC with the famous parent.
BDC Fixed Income prices surprise the BDC Reporter in the first few days of the new year. Plus, a BDC taps the unsecured market for the first time.
For a second quarter in a row, the BDC Reporter summarizes a small mountain of data of all sorts regarding TCG BDC’s performance through September 2019. As you’ll find, the trends set in the second quarter have continued into the third…
The BDC Reporter discusses 4 key issues to look out for when Carlyle-managed TCG BDC reports third quarter results. This could prove an important for the relatively recently public BDC with a new CEO recently appointed.
A BDC winning streak comes to an end this week, but the market remains buoyant nine months into the year. Little in the way of major developments to report, but credit continues to be a source of concern “maybe not today, maybe not tomorrow, but soon”.
Second quarter 2019 BDC quarterly results summarized for Carlyle’s TCG BDC. Second in a new series and part of a new Earnings Table soon to be added to our Subscriber Tools as soon as the season of reporting comes to a close.
The BDC Reporter continues its series on the status of BDC adoption of the SBCAA and the impact on risk and return. We look at Carlyle’s TCG BDC.
Highlights from the last two days of BDC portfolio company news, and the possible impact on the multiple BDCs involved.
TCG BDC reaches a new record low price. We review the possible reasons for the long slide; take a closer look at credit and – gingerly – suggest a course of (in) action.
Mixed messages about the short term direction of the BDC Sector. The BDC Reporter, though, quantifies how drastically the shape of the sector will change in the next 2 years and which could yet cause BDC prices to shift.
A very quiet week for BDC Fixed Income prices but two BDCs surprise with debt buybacks. In the future, though, the BDC Reporter expects much more issuance and redemption activity.
Every BDC has a unique take on the new Small Business Credit Availability Act. We have an in-depth look at what Carlyle Group’s TCG BDC approach looks like.
A Wild Week for both the markets and the BDC Sector. Maybe we reached a turning point in BDC history with the new looser leverage rules. Many asset managers think so and some analysts but the BDC Reporter has doubts.
