Bdc news
BDC News!
BDC stands for Business Development Company, which is a type of publicly traded company that provides financing to small and medium-sized businesses. Here are some recent news and updates from the BDC industry:
Recent News:
- Ares Capital Corporation (ARCC) announced a $1.5 billion equity offering to support its growth strategy.
- Fifth Street Asset Management (FSAM) reported a 14% increase in net investment income for the fourth quarter of 2022.
- Gladstone Capital Corporation (GLAD) declared a monthly dividend of $0.07 per share, marking its 174th consecutive monthly dividend payment.
- PennantPark Investment Corporation (PNNT) reported a 12% increase in net investment income for the fourth quarter of 2022.
- Santander Consumer USA Holdings Inc. (SC) announced a $1.5 billion securitization of its auto loan portfolio.
Industry Trends:
- Increased demand for alternative lending: The COVID-19 pandemic has accelerated the growth of alternative lending, with BDCs and other non-bank lenders playing a crucial role in providing financing to small and medium-sized businesses.
- Rise of fintech and digital lending: The BDC industry is also seeing increased adoption of fintech and digital lending platforms, which are enabling faster and more efficient lending processes.
- Focus on ESG and sustainability: Many BDCs are now prioritizing environmental, social, and governance (ESG) considerations in their lending decisions, reflecting growing investor interest in sustainable investing.
Upcoming Events:
- BDC Industry Conference: The annual BDC Industry Conference is scheduled to take place on March 15-16, 2023, in New York City.
- Ares Capital Corporation's Investor Day: Ares Capital Corporation will host its Investor Day on March 22, 2023, in New York City.
Stay tuned for more updates from the BDC industry!