By Duane Batcheler : Franklin Square is set to ring the opening bell this morning at the NYSE for the listing of its flagship fund, FS Investment Corp. ( FSIC ). Since January 2009, FSIC has been operating as BDC, and now has a $4.1 billion portfolio of mostly safer senior secured debt. I will most
By Duane Batcheler : BDCs have fallen an average of 8.4% (compared to a 3.7% decline in the S&P 500) since S&P announced on February 24, 2014 that it would remove BDCs from its indices and was followed by Russell on March 3, 2014. This article is a follow up to " BDCs and the Russell Indices " and
By Richard Cox : In the current market environment, there are many small and medium sized companies that have trouble gaining the requisite attention or in securing favorable terms in bank lending arrangement. For these reasons, business development companies (BDCs) are not only an essential part
By Duane Batcheler : BDCs have fallen an average of 7% since S&P announced on February 24, 2014 that it would remove BDCs from its indices and was followed by Russell on March 3, 2014. This article is a follow up to " BDCs and the Russell Indices " and will cover the potential exposure that BDCs ...
Ares Capital ( ARCC ) adds to its credit line, boosting the total amount available to $1.17B from $1.06B with five lenders increasing their
Grant Haggard and Brian Moncrief have joined Ares Capital ( ARCC ) as Managing Directors to focus on senior and selected ..... finance. Source: Press Release Earlier this week: Ares Capital builds energy team . Post your comment!
Burnham and Apollo Global where he worked alongside Leon Black (his brother-in-law). Among Ares' portfolio is Ares Capital ( ARCC ) and Ares Commercial Real Estate ( ACRE ). Post your comment!
As part of its strategy to boost energy lending capabilities, Ares Capital ( ARCC ) hires Owen Hill and Jonathan Shepko as Managing Directors to focus on debt financing opportunities in the oil and gas industries
By Shreya Mathur : Exchange Traded Debt (ETD): Properties, Returns, and Analysis Exchange traded debt securities are unique products that allow investors to invest in the debt market via equity exchanges making them significantly more accessible to (and potentially cheaper for) the individual or ...
By Duane Batcheler : In my " BDC Rankings " for February, profitability is one of the key criteria for ranking the 25 BDCs that I cover and includes the following components: Dividend Coverage This is obviously important when considering BDC yield and is covered in more detail in " Historical & ...