All the day’s news items and SEC filings for the BDC companies we track.
BlackRock Capital’s Investment Adviser claims the BDC’s poor results have nothing to do with them, and points to the IRR on its “own” investments. We don’t agree.
In the first of a two part article, we discuss the secrets of Golub Capital’s success since going public in 2010. There are object lessons there both for investors and for its BDC peers. In Part II, though, we will suggest what might go wrong in the future for this now very expensive BDC which reached its all time high just a few days ago.