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Sierra Income to acquire MCC and MDLY

The combined vehicle’s pro forma assets would be close to $2bn, according to an investor presentation.

Owl Rock to target tech, life science companies with new BDC

The firm’s flagship mid-market lending vehicle currently has around 5% of its investments in technology.

Ares to complete legal C-corp switch by year-end

The move will simplify tax reporting requirements and could see it list on other stock exchanges and further boost its investor base.

Golub to ‘expand firm’s capabilities’ with Dyal investment proceeds

Private markets managers often use the capital garnered from selling minority stakes.

GSBD to take investment risk profile into account for new target leverage

The alternative lender’s quarterly net investment income covered its $0.45-a-share dividend.

Apollo holds $2.2bn first close on hybrid debt-equity fund

The firm expects to hold a final close on its Hybrid Value Fund, which is targeting $3bn, by year-end.

ARCC ups dividend for first time since Q3 2012

Ares Management's BDC, which saw net outflows from its portfolio, experienced strong realised and unrealised gains of 22 cents a share.

Barings, AllianceBernstein look to reach HNWIs

The two asset management behemoths plan to tap an additional investor outlet.

Carlyle to divert $2.4bn of insurance assets to credit

The firm is acquiring a 19.9% stake in DSA Reinsurance from AIG in a deal that includes $6bn earmarked for Carlyle funds, the plurality of which will go to credit.

Alt asset managers find buyers ready to snatch up minority stakes

More private fund managers that oversee closed-end funds are selling portions of their firm to finance product growth, succession or larger GP commitments.

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