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Adams Street looks to add BDC to credit product suite

The private equity firm launched its private debt arm in 2016 and has so far raised over $500 million for its closed-end fund.

Alcentra BDC puts itself on the block

The New York-based US direct lending arm of Alcentra has hired Houlihan Lokey to lead a review process to evaluate strategic alternatives for the business development company.

NexPoint offers $25m in cash, $50m in share purchases in latest MCC bid

NexPoint Advisors has sweetened its bid for Medley Capital Corporation (MCC) by upping its cash compensation and the amount of MCC stock it pledges to purchase should it ultimately acquire the beleaguered business development company. Dallas-based NexPoint Advisors, an affiliate of Highland Capital Management, has said it will provide a $25 million cash payment, up […]

MCC independent directors resign

The exits may impact the company’s public listing on the New York Stock Exchange.

GSO BDC initial portfolio anchored by two warehouse transactions

The New York-based credit firm is in the throes of raising its new direct lending vehicle and has collected over $950m so far.

Proposed SEC rule would ease 3% cap on BDCs holding stock in other BDCs

The rule also brushes upon the acquired fund fees and expenses disclosure, which some say limits some institutional investors from investing in business development companies.

Manuel Henriquez steps down at Hercules amid bribery allegations

The HTGC founder and his wife allegedly paid to fabricate their daughters’ SAT and ACT exam results and bribed a Georgetown University tennis coach.

The BDC merger that’s become a marathon

A new bid has stirred the pot ahead of a shareholder vote on the disparate offers to reorganise Medley’s publicly traded BDC.

NexPoint Advisors to nominate directors to MCC’s board if MDLY merger is defeated

MCC has until 15 March to hold its annual shareholder meeting to prevent the board nomination window from opening.

Goldman Sachs BDC ends JV with UC Board of Regents

The New York-based mid-market lender won additional investment capacity last year when shareholders voted to increase its leverage capacity from a 1:1 debt-to-equity ratio to 2:1.
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