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.
A portfolio company of multiple BDCs is getting into ever deeper credit trouble and may – or may not – be a harbinger of trouble ahead.
Ares Capital is issuing a great deal of new unsecured debt. We assess both the impact on the BDC and on the sector at an uncertain time in the debt markets.
This week, new tariff threats caused the major indices to slump again but less so for the BDC sector. We discuss all that but also the increasing number of BDCs dropping in price and what the future might hold.
We’ve been digging deeply into the credit performance of Goldman Sachs BDC – whose performance of late has left something to be desired. Here is an annotated version of the BDC’s IQ 2025 conference call with a focus on credit. Another article will follow.
An under-performing Capital Southwest portfolio company has just made a strategic acquisition. We evaluate the potential impact on the BDC.
“Private credit” – and that includes public BDCs – is the subject of many dire warnings of late. Is leveraged lending really “too risky” and headed for a GFC-lite implosion?
The major markets shot up this week and the BDC sector followed. Only a couple of BDCs were left behind – we discuss who and why.Also, when looking forward, we have a look at how BDC book values fared in the IQ 2025 and speculate at what comes next.
Horizon Technology Finance is getting a C-suite makeover. Is this just part of “succession planning” or is there more happening here than we are being told?
Is Main Street Capital likely to cut its dividend shortly? A short seller thinks so. We look at the numbers.
In a IQ of 2025 quarter where many other BDCs stumbled, Blackstone Secured Lending “stuck the elanding”.
There was a lot more going on to BDC prices than the (0.2%) weekly decline in the sector’s price might suggest. Unfortunately, most of the developments are on the bleak side.
We summarize New Mountain’s latest conference call and re-visit why the BDC has lost its popularity with investors and what management is doing to revive its popularity.
OFS Capital’s IQ 2025 financial and credit performance was weak from most perspectives.