With BDC earnings season winding down, the BDC Reporter is circling back to review the overall performance of Crescent Capital, which has received our top rating.
We’re republishing an article from the BDC Credit Reporter about a new non-accrual at OFS Capital. More importantly, we’re downgrading the BDC’s overall credit status after multiple missteps.
By several measures, Ares Capital’s IQ 2024 credit performance appears to be strong. We look at the subject from multiple angles.
We are beginning our quarterly tradition of rating each BDC’s latest results on a 1 to 5 scale, with a focus on the underperformers and out-performers. Oxford Square’s IQ 2024 performance lies squarely in the former camp.
An important portfolio company of Saratoga Investment has recently been sold. We provide the details and discuss the possible impact on the BDc’s bok value and earnings power.
Golub Capital follows Main Street in disclosing preliminary results for the IQ 2024. We compare the metrics against the prior quarter and expectations.
Main Street tantalizes investors with a few key preliminary results for the IQ 2024 and promises a higher payout as well. We put this latest data in perspective and what the result might be for the year as a whole.
The IQ 2024 BDC earnings season is just around the corner and we’re bracing ourselves. Here we preview what to expect – as best as one can tell – from Oaktree Specialty Lending – one of last quarter’s major disappointments.
Great Elm Capital has successfully issued yet another Baby Bond. We analyze the new issue and its impact on the BDC’s balance sheet and briefly review the health of the sector’s Baby Bond market.
Barings – the external manager of publicly-traded Barings BDC – has announced organizational and personnel changes following the loss of 230 employees to a competitor. We assess the changes involved and the impact on the BDC and its shareholders.
We continue our BDC-by-BDC credit review with a look at Blackstone Secured Lending Fund.
A portfolio company of Ares Capital – and 3 other BDCs – has filed for bankruptcy. We review the likely impact of this credit setback.
Logan Ridge Finance has released its 2023 10-K allowing the BDC Reporter to undertake our review of the BDC’s financial performance. This also signals the end of the IVQ 2023 BDC earnings season.
For the first time in months, a BDC is raising unsecured debt in the public Baby Bond market. We analyze the costs and spell out the benefits for Trinity Capital and its shareholders.
After a few days hiatus, the BDC Reporter is back to writing credit reviews. The data suggests Bain Capital Specialty Finance is in good shape and has been improving in recent years.
As Prospect Capital’s financial performance weakens, its Chairman’s share ownership increases. We have a view on this.
An already credit-troubled TriplePoint Venture Growth faces the possible bankruptcy of one of its portfolio companies.
At long last, newly public Palmer Square Capital has announced both its first quarter 2024 distributions and its methodology for future payouts. We calculate likely returns and discuss the outlook for the BDc’s payouts through to 2026.
Trinity Capital has gotten around to announcing its regular distribution for the IQ 2024. We discuss the BDC’s history of making payouts and offer up a projection – drawn from our sister publication – of the 2024 amount. Is the dividend headed even higher?
The BDC Reporter rates Runway Growth Finances’s fourth quarter and full-year 2023 financial performance, looking at earnings, net book value, credit and the dividend. Best read in conjunction with our BDC Summary Results;IVQ 2023 Table and the BDC Credit Table and the BDC NAV Change Table.
