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.
Main Street Capital is lending out a lot of money to a portfolio company of long standing for a “minority recapitalization”. We speculate as to where all the new debt is headed.
Coming up shortly is the beginning of the IIQ 2025 BDC earnings season, led by Saratoga Investment. Here’s what to look out for.
Prospect Capital has acquired a publicly-traded consumer finance company without offering much in way of explanation. We fill in some of the blanks and offer up our unvarnished views.
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.
Trinity Capital is tapping the institutional market for fixed income debt. We assess the bottom line impact on the BDC and what this means for the fixed income market more generally.
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.
The BDC Reporter assesses Carlyle Secured Lending’s credit performance and standing in the wake of its recent merger.
We’re having a close look at Blue Owl Capital’s credit performance and outlook shortly after the BDC became the second largest player in the market.
The major indices bounced back this week, as did the BDC sector. There were a few exceptions amongst the BDCs, which we discuss. We also review where the sector stands after 5 months of a volatile year.