This Week in BDCs

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News in BDCsThe 5 biggest stories in BDCs this week.

  1. Barron’s names 8 top BDCs for a rising-rate environment. Top choices include ARCC, GBDC, SCM, GARS, HTGC, OFS, TCRD and TSLX.
  2. (Efficient markets? All but GARS and TCRD are within 10% of their 52-week highs!)

  3. PE Hub reports PIMCO and Solar Capital Partners expand their relationship.
  4. Medley gets named Lender of the Year at the 8th Annual Americas M&A Atlas Awards. Unfortunately, its investors haven’t been so lucky.
  5. Crossroads Capital (XRDC) announces an exit of an investment in Centrify and Metabolon. The BDC is effectively controlled by an activist, Bulldog, which is pushing for its liquidation.
  6. A class action suit filed against Fifth Street Finance is approaching a settlement for about $14 million. We couldn’t access the Notice at the time of writing (available here), but we’re curious how much shareholders will receive net of legal fees. Best guess: Not much.

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