The BDC rally marches on, seemingly disconnected from the rest of the markets and impervious to the slings and arrows of Jamie Dimon. We use the opportunity to review the sector’s year-to-date 2024 price performance.
One of the most interesting questions of the IQ 2024 BDC earnings season was how would BlackRock TCP Capital perform after several quarters of lower net book value but still high income.
We’re re-publishing an article from our sister publication – the BDC Credit Reporter – about Bain Capital’s most recent credit performance, which includes a list of its most troubled borrowers.
Bain Capital Specialty Finance seems to be firing on all cylinders st the end of the IQ 2024 and its rest-of-the-year outlook seems favorable. We explain why.
We analyze Main Street Capital’s latest unsecured note offering, highlighting its benefits for the BDC and the shareholders. From there, we discuss how valuable this sort of financing has become for the BDC sector generally.
We undertake an in-depth review of Ares Capital following its IQ 2024 results release and find little to complain about. We also sum up how the stock has performed of late.
BDC sector prices have not moved much in 2024 – as we show – but that does not mean 2024 might not be a good year for investors. We also pencil out how matters might get much better for BDC investors before the year is out.
We use the opportunity of Saratoga Investment’s latest dividend announcement to launch into na sector-wide comparison of recent payouts. We follow up with fascinating data about the variety of returns inherent in BDC investing.
Very few BDCs are as ambitious as Trinity Capital – one of the newer public BDCs. We have a look at whether the BDC’s recent performance is in line with its goals.
WhiteHorse Finance’s IQ 2024 results met performance expectations in almost every way, with one notable exception.
We’re posting with a little delay – which we explain in the Foreword. The week ended May 17, 2024 saw BDC stocks falling behind the major indices but is this the pause that refreshes or a turning point?
Barings BDC has faced some challenge of late not of their own creation but the IQ 2024 results seem to be broadly within market expectations. We review all the key metrics involved.
Blackstone Secured Lending is going where many of its peers have been in 2024 – to the unsecured note market. We review both the implications for the BDC and for the sector more generally of the generous terms available for would-be borrowers.
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.