The S&P 500 continues to climb but the BDC sector cannot keep up. For a second week in a row, we wonder if the BDC sector has come off the boil.
We tackle the complicated subject of FS-KKR Capital’s recent performance and whether this huge BDC is turning the credit corner after years of poor performance.
Fidus Investment – whose performance bar has been set very high in recent years – continues to meet expectations in almost every way.
This week may have seen BDC prices at their peak of the year but maybe not. We review the metrics and hypothesize as to why prices dropped even as the major indices charged ahead.
CION Investment – which trades at a big discount to book – had a very good IQ 2024. We discuss what’s happening.
Carlyle Secured Lending out-performed our expectations in the IQ 2024, mostly for one specific reason.
The major indices out-performed the BDC sector this week but the rally marches on. This week, though, we take a deeper look at the worst performing BDC stocks.
Upper-middle market focused and relative public BDC newbie gets our IQ 2024 Performance Review treatment.
A portfolio company of two BDCS that was once in bankruptcy and seemingly on the edge of liquidation has recovered. What looked like a loss is now a gain.
Capital Southwest’s IQ 2024 performance was nothing to write home about but the BDC continued to perform at an above-average level in almost every respect.
We continue our Sisyphean goal of reviewing the IQ 2024 performance of every BDC with a look at one of the biggest players – Blackstone Secured Lending.
Major shareholders have been selling more of their stock in WhiteHorse Finance. We discuss the possible meaning.
In a “feel good” story to begin the week Golub Capital completes the acquisition of a sister, non-traded, BDC and announces benefits in the form of a book value increase, higher distributions and more.
The BDC rally marches on, seemingly disconnected from the rest of the markets and impervious to the slings and arrows of Jamie Dimon. We use the opportunity to review the sector’s year-to-date 2024 price performance.
One of the most interesting questions of the IQ 2024 BDC earnings season was how would BlackRock TCP Capital perform after several quarters of lower net book value but still high income.
We’re re-publishing an article from our sister publication – the BDC Credit Reporter – about Bain Capital’s most recent credit performance, which includes a list of its most troubled borrowers.
Bain Capital Specialty Finance seems to be firing on all cylinders st the end of the IQ 2024 and its rest-of-the-year outlook seems favorable. We explain why.
We analyze Main Street Capital’s latest unsecured note offering, highlighting its benefits for the BDC and the shareholders. From there, we discuss how valuable this sort of financing has become for the BDC sector generally.
We undertake an in-depth review of Ares Capital following its IQ 2024 results release and find little to complain about. We also sum up how the stock has performed of late.
BDC sector prices have not moved much in 2024 – as we show – but that does not mean 2024 might not be a good year for investors. We also pencil out how matters might get much better for BDC investors before the year is out.