We take a deep breath and evaluate where the BDC sector stands after a tumultuous couple of weeks. We also review which BDCs have managed to thrive and which have not in 2024, after 33 weeks.
We take a long, hard look at Crescent Capital’s credit performance, both looking at current and long-term results. We were a little surprised by our own conclusion.
The BDC Reporter tackles the thorny subject of BlackRock TCP’s weak performance over the last two and a half years and whether more of the same is in the cards in the years ahead.
BDC investors suffered through a second difficult week in the markets, faring worse than the major indices. The sector is now in “correction” territory. We assess the damage to date and evaluate what might lie ahead.
We both analyze how Main Street Capital’s dividend payout performance looks like for 2024 and how the sector as a whole is faring. The numbers may surprise you.
This was a week to forget for stock investors around the world and the BDC sector was not spared – enduring its worst price performance since 2023. We assess the damage and discuss the way forward.
Oaktree Specialty Lending is the second BDC this earnings season to post sub-par results. We discuss the extent of the damage and what MIGHT be coming next.
The first BDC to disappoint in the IIQ 2024 earnings season is venture-debt Horizon Technology Finance. We explain why.
With one major quibble, Ares Capital’s IIQ 2024 performance was solid – and encouraging – across the board.
Days away from earnings season, BDC prices moved in a mostly favorable direction, notwithstanding the drama going on elsewhere in the markets. We also discuss what might be expected from the first 8 BDCs to report.
It’s done! The merger of two closed-en funds into MidCap Financial has been completed. We’re learning some of the financial consequences for the BDC – some good, some not so much.
As we anticipated in our prior Recap, BDC prices fell sharply this week. Is that the death knell of the nearly two-year long BDC rally we hear or just another head fake by a jittery market?
Oaktree Specialty Lending’s stock price just reached a low point. We consider what factors might be weighing on investors minds.
For the first time in a while, a BDC – Trinity Capital – has tapped the publicly-traded Baby Bond market for its financing needs. We discuss recent trends and the challenges facing both Trinity Capital and the rest of the sector.
PennantPark Investment’s stock price began the week by cratering. We look at the reasons why and evaluate if the market reaction was “appropriate”.
Interest rates – finally – seem set to drop shortly. This pushed the major indices to new highs. A little surprisingly, BDC prices rose as well. What comes next?
Gladstone Investment’s business strategy is different than most other BDCs and requires a different analytical approach. The bottom line, though, is that the BDC appears to be performing as one would have expected.
After reviewing performance over the holiday week, the BDC Reporter debates both the BDC Bulls and BDC Bears about how the future might play out. As they say: “It’s Complicated:”.
We take an in-depth look at one of the BDC sector’s worst performing BDCs of the past two years: TriplePoint Venture Growth. We hoped to find signs in the IQ 2024 results that a reversal of fortune might be in the cards.
The end of month, end of quarter BDC price data was confusing – if not misleading. However, if we look back a little further, some market trends are clear – both positive and negative for BDC investors.