The BDCs Desk 3 stories this week · 29 total

The lender has added room under the SBIC debenture program, but the payout question sits on the asset side of the balance sheet.

A BDC strategic review asks the question the unlisted direct-lending market has spent the year answering in private: who buys the book, and at what price.

BDC Reporter's recap gives direction without a figure and a catalyst without a name, leaving the funding window as the only question that matters.

A $300m note is modest against the portfolio, but the unsecured channel it opens is the part that scales.

Issued weeks after Q2 closed on a funding test, the unsecured print is a cost-of-capital call from a sector giant — the coupon will show what balance-sheet trust costs.

The median non-perpetual-life BDC now carries 2.75% of investments at cost on non-accrual, up from 1.81%; the deterioration is selective enough to make manager selection the only durable answer.

Underwrite the $978 billion trailing volume, not the quarter that followed a record.

Blackstone's nontraded BDC broke its run of rising exit requests last quarter, but the 5% repurchase limit remains the constraint and the backlog unresolved.

The new debt is a growth trade whose spread math has not been disclosed.

BlackRock's listed BDC has tapped a successor, but the underperforming credits weighing on the shares will outlast the corner-office handoff.

The market has already priced the downturn. Second-quarter reports will show which BDC managers accepted it.

BDC Reporter's review weighs whether Capital Southwest can hold its payout pace into 2027 and 2028.

Morningstar DBRS puts non-accruals at 3.4 percent, up from 3.1 percent, as BDCs let repayments and asset sales outpace new loans—turning a defensive stance into strategy.

BDC Reporter says the remainder of BlackRock TCP Capital's portfolio is on the block; the hard number is what it will fetch.

The weekly give-back is the common stock marking the direct-lending reset before the quarterly marks catch up.

A miss, a match, and a stalled relief rally leave allocators a single-name map and a funding test for Q3.

Creditflux reports the listed BDC is selling CLO equity instead of loans, giving the sector a cleaner exit that may become permanent.

A mid-market BDC's hundreds of millions in unsecured paper will reveal how much demand the BDC funding market has left.

BDC Reporter's July 30 investment view says the Fed's no-move leaves BDC shares without the support a rate bump might have offered.

The sector's biggest weekly ETF gain in years gave way to a flat week, with BlackRock TCP's portfolio sale a reminder of what relief buying can't fix.

Two performance reviews separate a miss from a match, giving allocators a test for the rest of BDC earnings.

BDC Reporter's revised 2027 payout projection gives income investors a fresh benchmark for Main Street Capital's dividend.

The Apollo-managed BDC's latest conference call caused a stir over its future, according to the outlet.

The outlet calls Hercules an early-season standout and applies the same review to BDC giant Ares Capital.

A ground-breaking continuation-vehicle sale cuts TCPC's income base and raises the odds of a sale of the remainder.