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After New York-based MCC faced vociferous opposition to its original internal merger proposal, the firm reworked its offer and is moving ahead with an altered proposal.
Eversheds Sutherland executive partner Cynthia Krus shares what the coming year likely has in store for business development companies.
The merger would, as of the end of the third quarter, produce a BDC with investments and commitments of $3.25bn.
The transaction is just the latest in a string of mergers that are slowly reshaping private credit.
In our annual list of the top fundraisers, the top 10 has barely changed, and the top firms continue to pull further away from the pack.
Despite significant growth in the industry over the last 10 years, BDCs are still not well known or understood, says Eversheds Sutherland's Cynthia Krus
Market observers say progress has been made towards acceptable compensation structures, finds David Turner. However, these should not be the only criteria in deciding who to back
As BDCs dive down into the capital structure and into sectors facing tough times, recovery rates could be significantly lower than during previous downturns. Andrew Hedlund investigates
Henriquez’s wife was also allegedly involved in the scandal and pleaded guilty. Both are set to be sentenced early next year.
pile of rolled dollar note bundles
Ironically, BDC first-lien assets have increased in recent years, but a larger share of BDC assets are considered distressed than the overall secondaries market.

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