4Q 2019 New Issues Analysis: Volume 1Posted on February 12, 2020
New Issues analysis is powered by AdvantageData’s award-winning BDC platform.
As of February 11, 2020, 14 BDCs have reported their Q4 2019 earnings Aggregate New Issues volume reported so far amounts to a little under 1 Billion (USD). For the purpose of this analysis, only new portfolio companies have been included.
|BDC||Fair Value (1000)||% of Fair Value|
|Apollo Investment Corp||302,843||31.92%|
|Oaktree Specialty Lending Corp.||134,493||14.17%|
|PennantPark Floating Rate Capital||107,518||11.33%|
|Pennant Park Investment||89,309||9.41%|
|Capital Southwest Corporation||65,404||6.89%|
|Gladstone Capital Corp.||38,000||4.00%|
|Investcorp Credit Management BDC Inc.||22,859||2.41%|
|Oaktree Strategic Income Corp.||20,208||2.13%|
Apollo Investment Corp, Prospect Capital and Oaktree accounts for almost 60% of the New Issues Volume.
92% of the New Issues were First Lien. 68% of the First Lien priced between L+450 and L +750.
|Fair Value (1000)||Coupon Spread (Libor +)|
New Portfolio Companies
Download the list of New Portfolio Companies.
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Written by Sourav Srimal, Global Head of Operations at Advantage Data. To contact Sourav, email firstname.lastname@example.org
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