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4 takeaways from the BDC Q2 stats

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.

Blackstone’s Schwarzman on why he’s going big in European direct lending

The firm's founder took a position early on in its development that modest goals and bold ones required similar effort to achieve. So why not aim high?

Permanent capital can increase access to private debt

In our September magazine’s Deep Dive, investment professionals stressed the benefits of permanent capital. One overlooked advantage is making the asset class more accessible.

Golub Capital BDC shareholders sign off on merger

The combination with one of the firm's private BDCs, expected to close later in September, will create one of the largest publicly traded BDCs.

Activist investor Stilwell ups stakes in THL Credit and Garrison BDCs

It also has positions in two other business development companies: Great Elm Capital Corporation and MVC Capital.

Blackstone’s GSO grows new direct lending platform with $2.6bn BDC raise

The firm may oversee more than $10bn of assets for the strategy a little more than a year after it formally parted ways with FS Investments.

Crescent BDC to acquire Alcentra Capital for $142m in cash, stock

Alcentra BDC shareholders will retain 19% of the combined entity, while the buyer will reduce its management fee and up its hurdle rate.

Goldman Sachs collects almost $900m for private BDC

The new vehicle has purchased several investments, all of which are portfolio companies of the firm’s publicly traded Goldman Sachs BDC.

BC’s credit platform makes another BDC play with OHAI purchase

BC Partners, which launched a credit arm more than two years ago, has made its second BDC purchase in less than a year.
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New Mountain Capital seeks $750m private BDC – exclusive

The investment manager’s latest product continues the firm’s strategy of lending to US mid-market companies.
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