We launch a new Investor Tool: a table summarizing the performance of every BDC every quarter.
A Gladstone Capital funded company is sold. The BDC was both lender and investor and should benefit from the conclusion of the investment. We provide the details.
A long troubled retailer – whose debt is held by four different BDCs – moves closer to a restructuring or bankruptcy. We review the credit history and look forward to the possible impact on the BDC lenders involved.
An under-performing portfolio company of Goldman Sachs BDC has been sold. Good news ?
With Capital Southwest’s IVQ 2019 earnings release coming up shortly, we preview which portfolio companies investors should be looking out for from a credit standpoint. We are drawing on the BDC Credit Reporter’s in-depth research into all under-performing BDC companies, which is updated daily as new information rolls in.
A long standing attempt by a BDC trade organization to change a critical rule has foundered. We discuss what we’ve learnt and how BDC investors and managers might benefit if and when the government changes its mind about how exchange traded funds expenses are reported to investors. An arcane but important subject for both existing and prospective investors in the public BDC arena.
We re-publish a BDC Credit Reporter about the Chapter 11 exit of a portfolio company of Garrison Capital and Investcorp Credit Management and discuss one of the most favored strategies lenders are adopting when debt investments go awry.
We learn from a TriplePoint Venture Growth disclosure details of its most recent financial performance and how one of its under-performing investments has played out.
One of the largest public BDCs – FS KKR Capital – is involved in the biggest bankruptcy of the year so far. We discuss what’s at risk and what investors might learn from what is unfolding in a Delaware bankruptcy court.
Monroe Capital is taking action against one of its troubled portfolio companies, whose debt has been on non accrual for over a year.
A portfolio company of a venture-debt BDC files Chapter 11, triggering a likely realized loss.
In the first in a series we review how an investment has played out for two related BDCS from start to finish and see what lessons can be learned with the benefit of hindsight.
We republish an article from the BDC Credit Reporter about a troubled health care company that six BDCs have first and second lien debt exposure to and explain our broader concerns about the outlook for health care related credits.
Catch the BDC Reporter giving a solo video interview; participating in a conference panel and answering questions on a podcast, in each case about elements of the BDC sector.
We review two Apollo Investment portfolio companies that have filed for bankruptcy and use the opportunity to discuss what we’ve learned about the BDC’s credit underwriting capabilities at this stage.
Capital Southwest sells its biggest portfolio investment. We analyze the likely impact on the BDC’s balance sheet and earnings going forward and ask whether this is a Good Thing or not ?
The BDC Reporter has to take a short break from publication. We explain why.
We re-publish a post from the BDC Credit Reporter regarding the latest bankruptcy filing of a BDC-financed company, and review the implications for the public and non-listed BDC lenders involved.
We highlight current trends in the CLO market that might impact BDCs in the upcoming earnings season. We focus on 3 BDCs in particular.
