Topic
business-development-companies
4 stories related to this topic, newest first.
Benzingabusiness41 days ago
Moody's Affirms Baa2 Ratings for Golub Capital BDC and Blackstone Secured Lending Fund, Revises Outlooks to Negative
Moody's Ratings kept the Baa2 long-term issuer and senior unsecured ratings for both funds but changed their outlooks from stable to negative, citing rising leverage and weaker asset coverage.
Benzingafinance59 days ago
Non-Listed BDCs Provide Record Liquidity as Redemptions Exceed Fundraising in Q1 2026
Publicly registered non-listed business development companies raised $4.9 billion in Q1 while facing $6.9 billion in accepted withdrawal requests. The Stanger NL BDC Total Return Index posted its first negative quarterly return since Q2 2022. Several major firms capped redemption…
Benzingaworld63 days ago
KKR Commits $300 Million to Support FS KKR Capital Fund
KKR & Co. is investing $300 million of its own capital into FS KKR Capital, a business development company it co-manages with Future Standard. The move comes as the fund faces rising loan defaults that contributed to a $560 million loss in the first quarter. The investment includ…
Substrate placeholder — needs reviewworld95 days ago
Retail Investor Withdrawals from Business Development Companies Increase Debt Attractiveness
Retail investors have withdrawn from business development companies, leading to higher debt levels. MFS Investment Management's Alex Mackey stated that these debt levels now appear attractive. The development reflects changes in investor participation in these investment vehicles…
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