The President of Investcorp Credit Management BDC has been made its Chief Executive Officer. Will this make a change at this perennially underperforming BDC?
Working hand in hand with the BDC Credit Reporter, we bring news of an improving trend at a troubled portfolio company of Crescent Capital.
With BDC earnings season winding down, the BDC Reporter is circling back to review the overall performance of Crescent Capital, which has received our top rating.
The BDC sector – and most of its constituent stocks – are in rally mode, along with the major indices – breaking all sorts of records. We provide much color on who is up and who is left out and then tackle the increasingly thorny issue of where the market goes from here. Get this wrong and there’s a lot to lose.
We’re republishing an article from the BDC Credit Reporter about a new non-accrual at OFS Capital. More importantly, we’re downgrading the BDC’s overall credit status after multiple missteps.
By several measures, Ares Capital’s IQ 2024 credit performance appears to be strong. We look at the subject from multiple angles.
We are beginning our quarterly tradition of rating each BDC’s latest results on a 1 to 5 scale, with a focus on the underperformers and out-performers. Oxford Square’s IQ 2024 performance lies squarely in the former camp.
The major indices moved up sharply this week but the BDC sector not so much. Nonetheless, there was plenty of good news for individual BDC stocks despite a lackluster start to earnings season.
Both the major indices and the BDC sector are moving along strongly. We review the overall metrics and individual BDCs. We also list out some of the players that might disappoint once IQ 2024 earnings season begins shortly.
An important portfolio company of Saratoga Investment has recently been sold. We provide the details and discuss the possible impact on the BDc’s bok value and earnings power.
Golub Capital follows Main Street in disclosing preliminary results for the IQ 2024. We compare the metrics against the prior quarter and expectations.
The major indices are slumping just as the BDC sector – and most BDC prices – are headed higher. We delve into this unusual phenomenon and discuss – amongst other things – what could trigger further BDC price gains.
Main Street tantalizes investors with a few key preliminary results for the IQ 2024 and promises a higher payout as well. We put this latest data in perspective and what the result might be for the year as a whole.
The IQ 2024 BDC earnings season is just around the corner and we’re bracing ourselves. Here we preview what to expect – as best as one can tell – from Oaktree Specialty Lending – one of last quarter’s major disappointments.
The BDC sector had a mediocre week price-wise but not as bad as the major indices. With little breaking news to report, we review in detail 2024’s performance to date and identify the winners and losers.
Great Elm Capital has successfully issued yet another Baby Bond. We analyze the new issue and its impact on the BDC’s balance sheet and briefly review the health of the sector’s Baby Bond market.
Barings – the external manager of publicly-traded Barings BDC – has announced organizational and personnel changes following the loss of 230 employees to a competitor. We assess the changes involved and the impact on the BDC and its shareholders.
We continue our BDC-by-BDC credit review with a look at Blackstone Secured Lending Fund.
Both the major indices and the BDC sector had a loss-making week but the damage to both was only modest whatever the headline writers suggest. Also, the macro environment might provide BDC prices with a boost if new credit difficulties don’t spoil things.
A portfolio company of Ares Capital – and 3 other BDCs – has filed for bankruptcy. We review the likely impact of this credit setback.