Hot off The Presses. The leading venture-debt BDC is hooking up with a large asset manager to finance “venture and growth stage” companies. We discuss the implications.
Three weeks into the crisis brought on by Silicon Valley Bank, we review where BDC prices are headed and what could happen under two very different scenarios. This is a time to be very careful.
We kick off the week of March 20-24 with a BDC Credit Reporter article about a likely credit loss that affects 7 BDCs.
A week after the failure of the Silicon Valley Bank, the crisis continues in a different way. However, BDC investors seem to be watching and waiting going by the week’s metrics.
March 16, 2023 Update: Just added a review of CION Investment’s IVQ 2022 results.
At the close on March 13, 2023 5 BDCs reached new 52-week highs. We discuss why we believe this is “Breaking News” for BDC investors.
This was the week that changed everything for the BDC sector judging by what happened to market prices. We place the big price drop in a longer term context and discuss what the future could bring.
BDC earnings season might be coming to a close, but there should be plenty of new developments to keep the BDC News Feed populated.
Both anecdotal stories and aggregated bankruptcy data by us and others continues to indicate a credit deterioration is underway. Is it yet time to panic ? We address the question in our latest weekly credit recap.
The major indices went one way this week, while the BDC sector went another. We discuss the reasons why and whether this will continue.
The external manager of Horizon Technology Finance is getting acquired by a larger group. We review the details and see how the BDC’s shareholders will fare. Spoiler Alert: Keep your expectations low.
Another week of the comprehensive BDC News Feed begins.Tuesday includes MidCap Financial’s results, a medley of dividends from Fidus Investment and multiple troubled portfolio companies at Golub Capital. And we’ve just begun…
The S&P and the BDC sector went in different directions in Week 7 of 2023 and as BDC earnings season marched on.
The irresistible increase in BDC sector prices came to an end this week. Whether this is just a pause that refreshes or the beginning of a downturn may depend on the changing credit picture.
Everything is in rally mode, including the BDC sector. Admittedly, this week the metrics were a little weaker, as we’ll discuss.
Another very good week where BDC prices are concerned, as the rally rolls on. Will a sudden increase in credit troubles cause investors to re-think or do the good times continue to roll ?
According to Bloomberg, JP Morgan is getting into lending its own capital in the largest buyouts, in competition with several public BDCs. We discuss the story and review the possible implications from a variety of perspectives.
Many more bankruptcies occurred in week two than in week one of 2023, but the damage done to the public BDC sector was low.
The second week of 2023 saw the BDC sector – and most everything else – rising in price again. We crunch the numbers and question what lies ahead.
Week One of the new year saw BDC sector prices increase. We discuss why investors were in a good mood and where the sector stands in what should be a very interesting year.
