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PDI Staff Writer

The BDC will lower its incentive fees and hurdle rate next year to stay “fee-friendly”.
The volume of add-on acquisitions has shot up recently, and firms are using this trend to add more leverage to their debt portfolios.
The firm is under agreement to acquire KCAP’s CLO credit branch by the end of this year so KCAP can refocus on mid-market lending.
The vehicle expects to list with a stock price between $20.25 and $21.25, with 7.5m shares of common stock being offered.
The BDCs voted to boost their 1:1 debt-to-equity ratio, authorising an additional 30% of capital to go toward specialty lending.
Data from the Deloitte Alternative Lender Deal Tracker shows activity has dropped slightly, but private debt continues to gain traction in Europe.
The vehicle committed over $968m so far this year and expects to surpass $1.1bn by year’s end.

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