On paper the BDC sector rally lasted another week, but prices may have peaked in mid-week.
OFS Capital puts up much better results for a second quarter in a row.
A first look at First Eagle Alternative Credit’s IVQ 2020 results suggests more work needs to be done before the BDC is “turned around”
Bain Capital Specialty Finance raises new unsecured debt at a favorable rate. We briefly explain the importance of the new note issuance to the BDC.
As presaged, BlackRock Capital Investment’s IVQ 2020 results were poor, but the manager has high hopes for 2021.
Monroe Capital makes the case for 2021 being better than last year on in its IVQ 2020 conference call. Here are highlights and the BDC Reporter’s views.
Horizon Technology Finance surprised investors with an unexpectedly poor performance in the IVQ 2020. Time to worry ?
A portfolio company of Apollo Investment has filed for Chapter 11. We re-publish an article from the BDC Credit Reporter and review the impact on the BDC.
TriplePoint Venture Growth taps the unsecured debt market for $200mn. The BDC Reporter discusses the implications.
The BDC Reporter summarizes FS KKR Capital’s IVQ 2020 results, which were in line with expectations. Questions, though, remain.
We re-publish an article from the BDC Credit Reporter reviewing how Fidus Investment tackled an under-performing investment.
The BDC Reporter annotates Fidus Investment’s IVQ 2020 conference call transcript.
BDC fixed income prices didn’t move much but the week was notable for the announced redemption of a bellwether Baby Bond.
The BDC rally reaches the 4 month mark and we’ve got some remarkable metrics to share.
Main Street Capital was much improved in the IVQ 2020 as discussed on its latest conference call.
The BDC Reporter reviews Goldman Sachs BDC’s IVQ 2020 results in the wake of its recent merger with an affiliated fund.
The BDC Reporter summarizes the Bain Capital Specialty Finance IVQ 2020 results.
The BDC Reporter summarizes the Owl Rock Capital IVQ 2020 results and explains why performance was only FAIR.
We review the planned redemption of Ares Capital’s only public Baby Bond. This leads us to a discussion of the biggest challenge facing the BDC going forward.
Capital Southwest completes its latest unsecured note offering which the BDC Reporter discussed yesterday. We review the outcome vs our expectations and predict what might be next from a finance standpoint.