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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.

Ares BDC sees ‘better risk-reward’ for mid-market opportunities

The lender continued to write massive cheques in Q1, but the average portfolio company EBITDA, when adjusted for size, is $66m.

FSK looks to gain additional borrowing capacity

FS Investment Corporation successfully voted for and later rescinded an increase in allowable leverage in 2018, prior to its merger with Corporate Capital Trust.

MCC to amend original merger proposal, consider a solo sale

In a term sheet settlement with FrontFour Capital Group, MCC also added FrontFour founder, David Lorber, and one other to its board of directors.

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