Nontraded BDC
FS Investments Announces Partnership with KKR December 12, 2017

FS Investments Announces Partnership with KKR

FS Investments, a leading alternative investment manager, and KKR, a leading global investment firm, today announced that they have entered into an agreement to create the largest business development company (BDC) platform, with $18 billion in combined assets under management.
Corporate Capital Trust II to Suspend Offering, May Change Advisor December 11, 2017

Corporate Capital Trust II to Suspend Offering, May Change Advisor

On December 11, the board of trustees of Corporate Capital Trust II, a business development company (BDC) that invests in the debt of privately owned American companies, announced that the fund intends to suspend its offering to new investors effective January 10, 2018.
BDCA Reduces Distribution Rate July 20, 2017

BDCA Reduces Distribution Rate

BDCA Reduces Distribution Rate July 18, 2017 | Jared Schneider | Blue Vault On July 18, 2017, Business Development Corporation of America (BDCA) announced that the Company is reducing its annualized distribution rate to $0.65 per share from $0.87 per share. This reduces the annual distribution yield on the last available public offering price before…
CION and Apollo Restructure Relationship for BDC July 13, 2017

CION and Apollo Restructure Relationship for BDC

CION and Apollo Restructure Relationship for BDC July 14, 2017 | by Jared Schneider | Blue Vault On July 11, 2017, CION Investment Corp. terminated its sub-adviser agreement with Apollo Investment Management in order to structure a 50%-50% joint venture between CION Investments and Apollo. The adviser, CIM, is now owned 50% by CION Investments and…
Corporate Capital Trust II Expands Investment Opportunities with Exemptive Relief Order June 22, 2017

Corporate Capital Trust II Expands Investment Opportunities with Exemptive Relief Order

Corporate Capital Trust II Expands Investment Opportunities with Exemptive Relief Order The SEC order will allow the company to co-invest in originated transactions alongside other KKR Credit accounts June 21, 2017 | by Corporate Capital Trust II Orlando, Fla., June 21, 2017 (GLOBE NEWSWIRE) -- The Securities and Exchange Commission issued an order granting exemptive relief…
Griffin Capital’s BDC to Merge with Griffin’s Credit Interval Fund June 16, 2017

Griffin Capital’s BDC to Merge with Griffin’s Credit Interval Fund

Griffin Capital’s BDC to Merge with Griffin’s Credit Interval Fund June 16, 2017 | by Jared Schneider | Blue Vault According to a filing from Griffin Institutional Access Credit Fund, there will be a special stockholder meeting to vote on the combination and reorganization of Griffin-Benefit Street Partners BDC Corp. and Griffin Institutional Access Credit Fund.…
Sierra Income Corporation BDC Reduces Sales Load June 16, 2017

Sierra Income Corporation BDC Reduces Sales Load

Sierra Income Corporation BDC Reduces Sales Load June 16, 2017 | by Jared Schneider | Blue Vault According to an announcement on June 15, 2017, Sierra Income Corporation reduced the upfront selling commission from 7.00% to 3.00% and the dealer manager fee was reduced from 2.75% to 2.50%. Additionally, the Advisor will pay the Dealer Manager…

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