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Bain could put off BDC IPO – exclusive

The firm had been planning to raise up to $100m from the offering, which would have seen the BDC listed on the New York Stock Exchange, to pay off debt and fund investment activities.

Solar Capital Partners raises over $1.9bn across two new funds

The firm received over $750m in equity capital and created its third BDC.

GSO pulls in billions for new direct lending platform in Q3

The firm’s performing credit strategies have returned 9.4% for the last 12 months, significantly outperforming its distressed strategies, which have returned 4% over the same period.

Bain Capital BDC files for IPO

Bain Capital Specialty Finance , which has more than $1.2bn in assets, is set to list on the NYSE.

FS, Bain, KKR BDCs hold first lien debt in bankrupt American Tire

The Apollo BDC, which owns equity in the company, shed its subordinated debt positions in the second quarter, as did the New Mountain BDC.

Owl Rock seeks $1.5bn seed round for tech-focused BDC with a $5bn target

The firm, which collected $5.5bn for its first BDC, will commit between $20m and $500m per transaction.

Marks points to direct lending as example of exuberant market

The credit veteran emphasises caution will win the day in his latest memo.

Goldman Sachs BDC amends revolver to OK higher leverage

The New York-based alternative lender won approval from its shareholders in March to tap additional borrowing capacity under new US federal statutes.

Six things we learnt about BDCs in 2018

Favoured for their relative liquidity, versatility and tax efficiency, Business Development Corporations are an increasingly prominent segment of the private debt market. Here are key developments from the past six months.

How the largest BDCs are approaching the increased 2:1 debt-to-equity leverage

More BDCs have laid out plans to ask shareholders to increase their borrowing capacity.

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