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Triangle Capital undertakes ‘strategic review’

The mid-market lender cut its dividend by 33% and reduced its annual net investment income outlook.
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Hercules drops externalisation bid to focus on core business

The Palo Alto, California-based BDC says externalising management has been a “distraction”.

Oaktree to use BDCs to reach retail investors

The firm already accesses that market segment through its stake in DoubleLine Capital, high-net-worth individuals and sub-advisory agreements with mutual funds.

Fifth Street closes BDC sale with Oaktree

The sale of the publicly traded BDCs comes as stock prices for that type of investment vehicle have shown a slight dip.

Golub Capital launches third BDC with $186m

GBDC 3 will mark the firm’s second private BDC after the initial private vehicle stopped accepting commitments from investors.

KKR BDC set to list on NYSE in mid-November

KKR would become the sole investment advisor to the vehicle.

Cliffwater BDC portfolio outperforms bonds, leverage loans

The Los Angeles-based firm held positions in ten undisclosed BDCs as of September.

Capital Dynamics raising first direct lending vehicle

The Swiss firm is targeting senior secured loans, but it will also make investments further down the capital stack such as mezzanine debt and of an opportunistic nature, such as rescue financings.

Griffin moves BDC into interval credit fund

The board argued regulatory challenges in BDC space made flexibility of interval credit fund more attractive structure. 

FS Investments originates $1.1bn in second quarter

The firm expects investor demand for BDCs to continue to grow.