According to Bloomberg, JP Morgan is getting into lending its own capital in the largest buyouts, in competition with several public BDCs. We discuss the story and review the possible implications from a variety of perspectives.
Many more bankruptcies occurred in week two than in week one of 2023, but the damage done to the public BDC sector was low.
Main Street Capital has announced preliminary metrics for the IVQ 2022 and they’re spectacular by BDC standards.
The second week of 2023 saw the BDC sector – and most everything else – rising in price again. We crunch the numbers and question what lies ahead.
We analyze Ares Capital’s latest secondary stock offering now that the new stock has been priced. We also doff our hat to the BDC and explain why.
We review Saratoga Investment from all sides now following the BDC’s release of its quarterly results through November 2022. This is a chance to determine if the lower middle market focused BDC is worth its ever increasing stock price.
Golub Capital continues a long standing tradition of disclosing its recent level of net investment activity. We use the opportunity to analyze what this might mean for the BDC, and the BDC sector more generally.
In our second article in a series about the 2023 outlook for the BDC sector we look at everyone’s favorite topic: earnings.
Week One of the new year saw BDC sector prices increase. We discuss why investors were in a good mood and where the sector stands in what should be a very interesting year.
Given that credit issues will be a dominant issue in 2023, the BDC Reporter is launching a new weekly series recapping the latest credit developments in the sector.
First in a series of articles where the BDC Reporter offers up projections for what is going to happen to the BDC sector in 2023. We begin with the outlook for the sector’s size. After years of portfolio growth, will the sector shrink ?
The last BDC Common Stocks Market Recap of the year has arrived and there’s no good cheer to offer. We warn that anyone expecting better days ahead may have a wait on their hands. Happy New Year !
Main Street raises new unsecured debt capital. A small step for the BDC but a big signal for the broader BDC sector at a time when uncertainty is rising.
Part II of our review of where Trinity Capital stands, centered around a re-publication of a BDC Credit Reporter’s in-depth credit review. We conclude by describing the stark choice facing investors going forward.
With just one week to go in 2022 Santa Claus is not coming to the rescue. We review how BDC sector prices moved this week and through this almost ended year.
First in a two part series reviewing how Trinity Capital managed to both pay out record distributions and see its stock price fall out of bed.
Cion Investment – as long promised – announced a special year-end distribution.We discuss BDC dividend policy; this year’s payout over last year’s and the muted outlook for 2023, as well as review how the stock price has fared this year.
For BDC prices, 2022 is ending with a whimper. We review current investor concerns, their impact on recent prices and what might cause a drastic change.
Trinity Capital announces its final distributions for 2022. We review how the BDC sector has performed in this challenging year where payouts are concerned and review how Trinity’s popularity amongst investors has shifted.
A portfolio company of Great Elm Capital gets reviewed by a ratings group. We discuss the implications for the BDC.