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The need to nurture permanent capital in Europe

Reasons for longer-term vehicles in private debt are growing, with one being the requirement to support businesses traditionally backed by banks.
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Investcorp adds BDC manager to its stable

The firm has announced a definitive interest purchase agreement to obtain a majority share of CM Investment Partners.

TPG, Glendale Energy ink $500m JV for buying upstream assets

The partnership will allow TPG Sixth Street Partners to expand its energy strategy beyond providing loans to oil and gas companies.

FS KKR plans to merge non-listed BDCs and publicly list the vehicle

The combination of four private business development companies, on a pro forma basis, will be larger than its publicly traded counterpart, FS KKR Capital Corporation.

US BDCs to take advantage of revised regulations on leverage

The country's 10 largest public business development companies have taken different approaches to accessing debt.

Charting the growth of Owl Rock’s BDCs

The firm has grown quickly since it was founded a little more than three years ago and now has two BDCs that manage much of its capital.
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Q1 BDC earnings offer clearer window into individual firm performance

Volatility in Q4 2018 dragged on performance across the market, but a dispersion of results in the first quarter offer a more accurate reflection.

FS KKR ramps JV and asset-based investments, trims equity positions

The BDC’s asset-based investments are targeting an unlevered gross return in the mid-teens, with commitments made in the first quarter to an aircraft leasing company and a mortgage lender.

Barings BDC, South Carolina Retirement System launch JV to invest in corporate, real estate...

The partnership will see a geographic mix across the US and Europe, which will let BBDC access investments with different levels of yield.

Hercules elevates two investment pros to lead life sciences, tech groups

The firm also reported its first quarter earnings, which listed its largest portfolio ever at $2.15bn.
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