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Bdc

All articles tagged with #bdc

business18 days ago•2 min saved

Apollo’s Private Credit Fund Returns 45% of Requested Withdrawals

Apollo Debt Solutions BDC faced Q1 redemption requests totaling 11.2% of shares, well above its 5% quarterly cap, and will prorate payouts to about 45% of the requested amounts (roughly $730 million). NAV fell 1.2% in the quarter but outperformed the US Leveraged Loan Index; software makes up 12.3% of the portfolio. Apollo is maintaining the 5% cap as a value-protection measure, contrasting with rivals like Blackstone that have loosened withdrawal limits.

via CNBC|

#apollo-global-management #bdc #business

finance1 month ago•7 min saved

Liquidity Play: Saba and Cox Plan Tender Offers for Blue Owl BDCs

Saba Capital Management and Cox Capital Partners disclosed their intent to commence cash tender offers to purchase a portion of outstanding shares of Blue Owl Capital Corporation II (OBDC II), Blue Owl Technology Income Corp. (OTIC), and Blue Owl Credit Income Corp. (OCIC). They notified the issuers on Feb 17, 2026, and plan to announce the tender offers after the 10-business-day notice period. The offers aim to provide direct liquidity amid rising redemption requests and limited liquidity for these non-traded BDCs; pricing is expected to be 20-35% below the most recent NAV/DRIP price, with terms to be detailed in tender offer documents. The Purchasers are not affiliated with the BDCs or their advisor. SEC filings (Schedule TO and 14D-9) will follow if and when offers commence; the materials will contain important information for investors and are not investment advice.

via Business Wire|

#bdc #blue-owl #finance

finance2 years ago•6 min saved

"TriplePoint Venture Growth: Securing 14% Dividends on Latest Investment"

TriplePoint Venture Growth (TPVG), a business development company specializing in venture capital-funded companies, saw a significant overselling in 2023, leading to a high yield of 14.6%. Despite facing challenges such as bankruptcies impacting its net asset value (NAV), TPVG's strong cash flow and potential for positive liquidity events make it an attractive investment opportunity for income investors. The company's ability to rebound and generate excess cash flows is expected to mitigate NAV declines, offering potential for capital gains alongside strong income.

via Seeking Alpha|

#bdc #dividends #finance

finance2 years ago•5 min saved

"Insights on Selling Ares Capital Corp Stock: My Recent Experience"

The author explains why they recently sold their shares in Ares Capital Corp (ARCC), a Business Development Company (BDC). They cite three reasons for their decision: the unfavorable macroeconomic outlook, ARCC's relatively high valuation, and the defensive structure of its portfolio compared to its peers. The author believes that the anticipated recession and interest rate cuts will negatively impact ARCC's performance, making its current valuation unattractive. They reallocated their capital into more defensive opportunities that are expected to benefit from declining interest rates.

via Seeking Alpha|

#ares-capital-corp #bdc #finance

finance2 years ago•5 min saved

Ares Capital Corp. Faces Uncertainty as Q3 Earnings Approach (NASDAQ:ARCC)

Ares Capital Corp (ARCC) is no longer the author's favorite Business Development Company (BDC) due to three major reasons. Firstly, ARCC's defensive positioning is not as strong as its peers, with a relatively low allocation to senior secured loans. Secondly, its dividend outlook is not as robust as some of its competitors, as other BDCs have stronger dividend coverage and growth potential. Lastly, ARCC's valuation is not particularly attractive, especially considering its premium to NAV and lack of dividend growth. The author now prefers other BDCs that offer greater exposure to senior secured loans, similar balance sheet strength, and better stock prices relative to NAV.

via Seeking Alpha|

#ares-capital-corp #bdc #dividend