Think

What we already know...

We know that investment professionals benefit from reliable, holistic, aggregated data. It doesn't take a rocket scientist to figure out that making data easy to find and understand translates to efficient analysts and more profitable firms.

Over the past two weeks, we have shown you a few ways you can leverage business development company filing data with BDC Advantage. BDC Advantage eliminates the tedious, time-consuming process of manually compiling and standardizing BDC quarterly filings, allowing users to easily analyze data relevant to their firm.

We've shown you how to:

Comparing quarterly filings, fund breakdowns and more...

After the 2008 financial crisis and the subsequent regulatory changes, Business Development Companies (BDCs) skyrocketed in popularity, filling the funding gap in middle market companies. BDCs are closed-end funds that mostly invest in private, growing companies and, increasingly, larger later stage corporations.  

BDCs are required to file quarterly reports to the SEC under the Investment Company Act of 1940. Aggregating the data from these reports is tedious, time-consuming, and lacks standardization. AdvantageData’s BDC Product gives investment professionals access to aggregated and standardized data (current and historical), allowing users to easily analyze data relevant to their firm's needs.

On December 4th, the 13th annual American Financial Technology Awards took place and  I am pleased to announce that AdvantageData has won the “Best New Technology Introduced Over The Last 12 Months – Middle and Back Office” award for the Middle Market Loan Advantage. Hosted by Waters magazine and WatersTechnology.com, these awards recognize excellence in the deployment and management of financial technology within the asset management and investment banking communities.

In this summary Advantage Data aims to highlight the challenges faced in sourcing and utilizing market data for valuation of illiquid and middle market loans. We will consider the overall methods of aggregating and applying data to loans in this space and how the issues surrounding the lack of readily available information can be overcome. 

Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) exited two portfolio investments in their entirety, Compact Power Equipment, Inc and Indianapolis Aviation Partners, LLC.