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FS/KKR Advisor to Merge Two Publicly Traded BDCs in $15 Billion...

FS/KKR Advisor LLC (FS/KKR), a partnership between FS Investments and KKR Credit Advisors, has agreed to merge two of its publicly traded business development...

MacKenzie Shareholders Approve BDC De-Registration

Shareholders of MacKenzie Realty Capital Inc., a non-traded business development company that is taxed as a real estate investment trust, have approved to withdraw...

Shareholders Approve Hines’ Exit from HMS Income Fund

Shareholders of HMS Income Fund, a publicly registered non-traded business development company advised by a Hines affiliate and sub-advised by an affiliate of Main...

SEC Adopts Rule for Derivatives Use by Registered Funds and BDCs

The Securities and Exchange Commission has voted to modernize the regulatory framework for derivatives use by registered investment companies, including mutual funds (other than...

Sierra Income Corporation Reinstates Monthly Distributions

Sierra Income Corporation, a non-traded business development company, has reinstated and declared a series of monthly distributions for October, November and December 2020 of...

California State Teachers’ Retirement System Allocates $1 Billion to Owl Rock...

The California State Teachers' Retirement System (CalSTRS) has allocated $1 billion to Owl Rock Capital, an alternative asset manager focused on direct lending. The partnership...

Prospect Flexible Income Fund Increases Monthly Cash Distributions and NAV Per...

Prospect Flexible Income Fund Inc., a non-traded business development company formerly known as TP Flexible Income Fund Inc., has increased its quarterly net asset...

MacKenzie to Deregister as a BDC to Shift Investment Focus

The board of MacKenzie Realty Capital Inc., a non-traded business development company that is taxed as a real estate investment trust, has unanimously approved...

Owl Rock Capital Corporation II Reports Total Return Since Inception and...

Owl Rock Capital Corporation II, a non-traded business development company, reported to the Securities and Exchange Commission its cumulative total return since inception and...

TP Flexible Income Fund Changes Name, Increases Sales Commissions

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...