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The manager expands its reach into the mass affluent market with the launch of a $1bn vehicle and a stake in CAIS.
With strong returns on the back of thriving mid-market corporate lending, business development companies appear poised for further growth. But fees and regulation are a concern
The Golub Capital Altman Index has clocked 16% earnings growth for the market in first two months of the year, but the firm's CEO says policy creates “very substantial risks” for the economy.
A business development company owned by Bain will reach into European and Australian direct lending through the launch of a new platform.
In accordance with the idea that size matters, a partnership between FS Investments and KKR, that manages two business development companies, has agreed to merge them.
BlackRock Capital Investment Corp. will retain its equity ownership of the asset-based lender, its largest portfolio company
The second quarter will be a crucial reporting period for business development companies, which target their capital at the US economic heartland of SMEs.
Illuminated emergency exit
John Kissick is stepping away from the business he co-founded in 1997, with 15-year Ares veteran Kipp deVeer taking his place around the table.
While the BDC sector is riding high, an improvement in reporting standards could attract many more institutional investors, says Cliffwater's Stephen Nesbitt

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