BBDC - BDC Weekly Review: BDCs And Insurance Companies Are An Odd Pairing
2024-06-07 23:27:11 ET
Summary
- We take a look at the action in business development companies through the last week of May and highlight some of the key themes we are watching.
- BDCs had a good week, outperforming the broader income space. The sector gained 3% in May.
- Barings BDC experienced resignations due to friction between MassMutual and the private credit lending team.
- MFIC announced an adjournment of special meetings of stockholders to allow the Apollo CEFs AIF and AFT holders additional time to vote on the merger.
Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company ("BDC") sector from both the bottom-up - highlighting individual news and events - as well as the top-down - providing an overview of the broader market....
BDC Weekly Review: BDCs And Insurance Companies Are An Odd Pairing