Bain Capital Specialty Finance books a major – although not unexpected – realized loss in the IIIQ 2023. We discuss the impact and which other BDCs are involved in this notable credit setback.
We re-publish a BDC Credit Reporter article about one of First Eagle Alternative Capital’s troubled portfolio companies, soon to be absorbed by Crescent Capital.
We republish a BDC Credit Reporter article about the successful sale of a long standing Crescent Capital portfolio company. We use the opportunity to review the BDC’s credit performance of late compared to before the pandemic and at its height.
January ended well for the markets in general and the BDC sector specifically. In terms of news, an analyst had a strong view about Crescent Capital and we share some credit thoughts from S&P.
BDC prices inched a little higher. In terms of news, there were two encouraging earnings reports; another BDC raised new equity and a new Baby Bond made its official debut. We also added two new BDCs to our coverage.
Monday was a very bad day for all the markets price-wise, including the BDC sector. We review at some length what happened. Also discussed is a new rating of a BDC by a well respected investment bank.
BDC prices have started the new week with a strong showing. In the news, a preferred offering and credit developments at several BDC portfolio companies worth knowing about. Some good news and some terrible.
We annotate the Crescent Capital IQ 2021 conference call transcript after first reviewing the investor presentation, earnings release and 10-Q. We find a BDC still very much betwixt and between.
BDC stock prices held up well in week two of earnings season. We review the top winners and losers and project what prices might go next.
The parent of Crescent Capital BDC’s external manager is being acquired by a trillion dollar financial services company. We review the details and what the implications are for the public BDC’s shareholders only months after going public.
The BDC Reporter annotates the IIQ 2020 conference call transcript of a relatively new public BDC: Crescent Capital BDC. We learn a great deal, but more remains to unearth.