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HTGC raises leverage to act as cushion for current strategy

The vehicle had a successful shareholder vote to increase its debt-to-equity leverage from 1:1 to 2:1.

MCC posts dismal FY-end results ahead of merger with Sierra Income Corporation

The BDC has experienced steady losses for over four years, with a net asset value drop of 30% over the last fiscal year alone.

FSIC and CCT shareholders back BDCs’ merger

While the merger of the publicly traded vehicles is set to be completed, the combination of their non-traded BDCs has been put on hold amid low stock-trading prices.

FS Investments hires new executive to help navigate growth

Robert Stark, the new senior managing director, will be responsible for helping develop and execute the firm’s strategy.

PDI 50: BDCs levelling up

While the same big players continue to dominate the list of the largest BDCs, new legislation could shake up future rankings.

The shifting sands of the BDC market

The march into CLOs and action against the AFFE rule are developments that Andrew Hedlund believes will change the shape of the BDC market in 2019.

Golub BDC to vote on potential leverage change in February – updated

The BDC is seeking approval from shareholders to change its debt-to-equity ratio from 2:1 to 1:1.

TCPC to lower fees when it increases leverage

The BDC will lower its incentive fees and hurdle rate next year to stay “fee-friendly”.

Barings BDC debuts with almost $160m of commitments to mid-market companies

Barings’ latest investment vehicle made $87m in mid-market commitments in the third quarter and $72m from quarter-end through early November.

Bain BDC makes progress toward its IPO

The vehicle expects to list with a stock price between $20.25 and $21.25, with 7.5m shares of common stock being offered.

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