Last week’s look at BDC non-accruals showed an overall rate that still ran below historical norms, but what about the lower middle market? All BDCs invest in these names —that’s the nature of the business— but some drill down more than others.
Non-Accruals PART II: What about lower middle market defaults? Higher, but even harder to assess
Topics: BDC, debt, business development company, Non-accruals, portfolio, Direct Lending, underperformers, Direct Lending Deals
BDC portfolios show little pain in non-accruals for 2Q19, steady ahead
Macro economic factors — tariffs on Chinese goods, political unrest in Hong Kong and Brexit among them — have returned volatility to capital markets, however direct lending has plowed onward with few upsets.
Topics: BDC, debt, business development company, Non-accruals, portfolio, Direct Lending, underperformers, Direct Lending Deals
BDCs Filing season is in full swing. This report will utilize Advantage Data’s BDC workstation to analyze Q2 2019 filing data. As of Friday, August 16th, 2019 Aggregate Fair Value reported by BDCs that have filed in Q2 2019 is at 101.1 Billion USD (Fair Value) which is approximately 97% of aggregate AUM of all BDCs.
Topics: Analytics, BDC, AUM, market analytics, business development company, Non-accruals, BDC Filings, fair value, market update, top 5, adds & exits
BDCs Filing season is in full swing. This report will utilize Advantage Data’s BDC workstation to analyze Q2 2019 filing data. As of Friday, August 9th, 2019 Aggregate Fair Value reported by BDCs that have filed in Q2 2019 is at 68 Billion USD (Fair Value) which is approximately 65% of aggregate AUM of all BDCs.
Topics: Analytics, BDC, AUM, market analytics, business development company, Non-accruals, BDC Filings, fair value, market update, top 5, adds & exits
BDCs Filing season is in full swing. This report will utilize Advantage Data’s BDC workstation to analyze Q2 2019 filing data. As of Friday, August 2nd, 2019 Aggregate Fair Value reported by BDCs that have filed in Q2 2019 is at 33 Billion USD (Fair Value) which is approximately 31% of aggregate AUM of all BDCs.
Topics: Analytics, BDC, AUM, market analytics, business development company, Non-accruals, BDC Filings, fair value, market update, top 5, adds & exits
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