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Business Development Corporation of America Forms Joint Venture with Cliffwater

Business Development Corporation of America, a non-traded business development company affiliated with Benefit Street Partners, has formed a joint venture with an investment vehicle...

MacKenzie Withdraws BDC Designation, Continues Distribution Suspension

MacKenzie Realty Capital Inc., formerly a non-traded business development company that was taxed as a real estate investment trust, has officially withdrawn its BDC...

Owl Rock and Dyal Capital to Merge and List on NYSE

Owl Rock Capital Group, an alternative asset management firm, and Dyal Capital Partners, a division of Neuberger Berman Group LLC, have entered into a...

CION Investment Corporation Declares Special Distribution

CION Investment Corporation, a non-traded business development company, has declared regular monthly cash distributions for January 2021 and a special cash distribution for the...

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...