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CĪON Investment Corporation Suspends Distributions and Share Repurchase Program

CĪON Investment Corporation, a non-traded business development company, has changed the timing of declaring distributions from quarterly to monthly and temporarily suspended distributions and...

FS Energy and Power Fund Suspends Share Repurchase Program and Distributions

The board of FS Energy and Power Fund, a non-traded business development company that invests in energy companies, decided to terminate the company’s quarterly...

FS KKR Capital Corp II BDC Prices Unsecured Notes Offering

FS KKR Capital Corp. II (FSK II), a non-traded business development company, has priced a private placement offering of $475 million of its 4.25...

TP Flexible Income Fund Increases Distribution Rate

TP Flexible Income Fund Inc, a non-traded traded business development company created by the merger between Pathway Capital Opportunity Fund and Triton Pacific Investment...

Non-Traded REITs Exceed 2019 Projections with $11.8 Billion Raised

Non-traded REITs closed out 2019 with more than $11.8 billion raised, their highest fundraising total since 2014, according to investment bank Robert A. Stanger...

FINRA Files Complaint Against Broker for Unsuitable REIT and BDC Investments

The Financial Industry Regulatory Authority has filed a complaint against Southeast Investments broker Mercer Hicks III, aka Toby Hicks, alleging that he made unsuitable...

FS/KKR Closes $9.5 Billion Merger Creating Second Largest BDC

FS/KKR Advisor LLC, a partnership between FS Investments and KKR Credit Advisors LLC, has closed the mergers of four non-traded business development companies: FS...

FS Investments to Buy $1.8 Billion Investment Boutique

FS Investments, an alternative investment manager with more than $24 billion in assets under management, has agreed to purchase Chiron Investment Management, a global...

SEC Charges Former First Capital REIT CEO with Defrauding Investors and...

The Securities and Exchange Commission has charged Suneet Singal and three entities with two separate frauds, one relating to a non-traded business development company...

ADISA Names 2020 Board of Directors

The Alternative & Direct Investment Securities Association (ADISA), a trade association representing the alternative and direct investment space, announced the 2020 directors for its...