In the twinkle of an eye – or at least two weeks – BDC prices have gone from stagnant to flying. We review the metrics and discuss various BDCs along the way. In our Looking Forward section we tackle a controversial subject: the outlook for BDC credit, which some pundits believe is headed to heck in a handbasket. We don’t agree.
Gladstone Investment has acquired a new portfolio company in an unusual industry and at a greater cost than on average.
Sixth Street Specialty reaches a new price high. The BDC Reporter is enjoying the irony of this development.
Logan Ridge Finance has left the public BDC stage.
OFS Capital (OFS) is seeking to prepay its $125mn unsecured note costing 4.75% early by – mostly issuing – a Baby Bond. Bottom Line: Expect earnings to drop sharply from the IIIQ 2025.
The major indices fell a little this week but BDC prices moved up, probably in anticipation of earnings season. After 28 weeks, the BDC sector is doing alright all considered. Earnings season – which is nearly here- could shake things up.
BDC earnings season kicked off with Saratoga Investment’s results, two BDCs continued to pay the same dividend as before and a venture-debt BDC gave us a preview of their recent activity, and much more.
The second half of the year began strongly for all the indices – and the BDC sector- in a holiday shortened week. There were only a couple of material news developments, which we covered. Looking forward, there’s still a bull case to be made, much of which depends on the Fed.
A busy-ish week for BDC news but only the developments out of Main Street and Prospect Capital merited in-depth exploration.
The main indices jumped forward this week but the BDC sector did not. We review the metrics and also assess where the sector stands at the 2025 mid-point. When we look forward into the rest of the year, a heavy fog hangs over everything. We offer a bull and a bear case.
A round-up of the BDC news for the week drawn from our three BDC publications. Sadly, no podcast as we explain.
A new feature from the BDC Reporter: a summary of the main BDC news for the week, including our commentary. Available both as an article and a two person lively podcast !
It’s a wild, wild world out there but the markets – including the BDC sector – continue to barely budge. Nonetheless, we review some individual BDC price moves. We also take a look at current BDC yields and other matters.
Portman Ridge and Logan Ridge are about to merge but both BDC stocks price has been in free-fall. New measures have been instituted to turn matters around. We review, discuss and assess.
BDC sector prices remain on a plateau, with investors unsure whether the future direction is up or down, much like everyone else in the markets. However, we do see a path to a decent return in 2025…
After years in the doldrums, TriplePoint Venture Growth’s fundamentals and stock price are looking up. Is a real recovery underway?
We’ve just heard that a new exchange traded fund investing the the debt of private and public BDCs fixed income debt will be coming to market this week. Here are some of the details involved and why this is a step forward for BDC investors.
Thanks to AI we are quickly able to identify and summarize all the week’s BDC news – which we then fact check and lightly edit. There’s even a podcast to listen to.
The major indices performed far better than the BDC sector this week – a not unusual phenomenon. However, the BDC Reporter can still envisage a scenario in which BDC investors have a very good year…After all, we are only at week 23 of 52.
We deep dive into Capital Southwest’s credit performance and outlook.
