TriplePoint Venture Growth is the subject of a class action lawsuit. The BDC Reporter systematically reviews all the charges made.
We’ve been reading widely about credit conditions in the non-investment grade borrower market, tapping into a variety of reliable sources. There’s a clear trend underway but it’s at variance with market prices.
Oxford Square Capital’s planned Rights Offering did not play out as management must have hoped. Unfortunately, this leaves the BDC’s securities holders with existential questions.
Blackstone Secured Lending’s latest dividend announcement leads us to analyze the BDC’s performance since going public and to a wider discussion about how different BDCs approach how and when to make payouts to shareholders.
We review deteriorating credit metrics across the non-investment grade space – including the BDC sector – and how the markets are reacting to them.
The new week begins with the Chapter 11 bankruptcy of a Ares Capital portfolio company and may cause a record loss for 2023-to-date.
Capital Southwest has just issued and priced a publicly-traded Baby Bond. We analyze both what this means for this fast-growing and popular BDC and for the BDC fixed income market as a whole.
The latest publicly-traded BDC Baby Bond – issued by Gladstone Investment – has begun trading. Here’s what any prospective investor needs to know.
Horizon Technology Finance has managed to undertake an accretive equity capital raise at a difficult time for venture-debt BDCs. We crunch the numbers and consider the implications.
Oxford Square has just launched a transferable subscription rights offering in a bid to raise new equity. The BDC Reporter discusses the high stakes involved.
Horizon Technology Finance is expanding its Revolver. We review where the BDC’s leverage and liquidity stands and the opportunity ahead for all venture-debt BDCs like Horizon.
We are using the announcement of a new Gladstone Investment transaction to delve into the different strategic approaches being employed by BDCs in the lower middle market, and how that’s paid off for shareholders over the long term.
After 3 weeks of data mining, the BDC Credit Table is up-to-date and almost complete, with only one BDC having not yet reported its IQ 2023 results. We discuss the credit highlights from what turned out to be a surprisingly uneventful 3 months.
Re-published from the BDC Credit Reporter is a IQ 2023 credit review for the largest BDC out there – Ares Capital. The data and commentary are almost completely drawn from the BDC itself and is part of a series Credit Reporter is undertaking.
The BDC Reporter provides key highlights from WhiteHorse Finance’s IQ 2023 earnings conference call and offers some concluding thoughts.
Sixth Street Specialty raises new equity capital. We review the numbers and the likely impact on the BDC. We also place this development in a broader BDC context and what it might mean for the future of the sector.
Smack in the middle of earnings season, Oxford Square has announced a rights offering. As we discuss, this seems like an essential move to shore up the BDC’s much deteriorated capital base but also raises important questions that shareholders will grapple with in the weeks ahead as final details are announced.
A Middle Eastern investment firm has just acquired a major stake in the largest venture-debt BDC. We offer up what we know.
We describe how Prospect Capital reached a record low price on May 2 and speculate as to the reasons why. This previously popular BDC has fallen drastically out of favor.
Oxford Square reports unchanged earnings and distributions and even an increase in net book value. Is everything tickety-boo at the BDC? The BDC Reporter has thoughts.
