SENTIMENT BECAME MORE RISK-AVERSE, as European junk bonds lagged investment-grade debt in net price gains linked to actual trades. A jump in the euro followed news today of fresh setbacks in President Donald Trump's agenda amid fading hopes for passage of a new healthcare bill. Further […]

Saratoga is an externally managed Business Development Company (BDC) investing in middle market companies with revenues of $8 million to $150 million and EBITDA of $2 million or greater, typically making investments of $5 million to $20 million. […]

Horizon is an externally managed Business Development Company (BDC) that makes secured loans to development-stage companies backed by venture capital and private equity firms within the technology, life science, healthcare information and services, and clean-tech industries. […]

JUNK BONDS LAGGED INVESTMENT-GRADE NAMES in European trading, as global investors perceived a less hawkish Janet Yellen 'across the pond'. Indications from Federal Reserve Chair Yellen that  rate increases will maintain a gradual clip sent a spectrum of European equities higher, while global […]

In an 8-K on July 6, 2017 MVC Capital (MVC) confirmed the previously announced sale of its affiliate U.S. Gas and Electric (USGE) had been completed on July 5. Here are the details, our analysis of the likely impact of the USGE transaction on investment income and earnings over […]

MVC Capital is an externally-managed Business Development Company (BDC) that trades on the New York Stock Exchange (NYSE) under the symbol “MVC”. The Company seeks to build shareholder value by making yielding, equity and other investments in middle-market companies across various industries, […]

Hercules Capital, Inc (NYSE: HTGC)  a provider of debt and equity growth capital to technology and life science companies at all stages of development, mostly privately help start-ups backed by leading venture capital and private equity firms has disclosed the following milestones and […]

Last week, the BDC Reporter initiated coverage of TCG BDC (ticker: CGBD), the latest public Business Development Company (“BDC”).  In order to delve into the details, we have broken the analysis into multiple parts. We began with CGBD’s History/Formation, and reviewed Strategy. Now we […]

'RISK-ON' BIAS PREDOMINATED - ALTHOUGH MODESTLY, keeping junk bonds with an overall margin over investment-grade debt, in net price gains linked to trades. Statements from Mario Draghi viewed as hawkish made up an important element in the mix, as the euro stepped higher. However pressure in the […]