Oak Hill BDC's assets continue to nosedive as board explores options
As it continues to bleed assets, Oak Hill Advisors’ direct lending business development company (BDC) has jettisoned the last of its energy assets

Ares and Varagon expand direct lending JV to $6.4 billion
Ares Capital and Varagon have expanded their joint venture’s investment capacity by $3.5 billion

TCW seeks to ramp up potential BDC
TCW is ramping up a new fund that intends to operate as a business development company (BDC) – having just hired a TCW affiliate as investment advisor and manager

Antares teams up with Bain for direct lending after LStar JV ends
The joint venture, to be named the Antares Bain Capital Complete Financing Solution, replaces Antares’ previous unitranche product, Middle Market Growth Program

AB reports highest AUM since 2008 as it launches BDC
The firm generated total net inflows of $4.5 billion for the quarter, a big improvement from the $15.3 billion in the outflows in last year’s third quarter

US manager taps ex-Credit Suisse chiefs to spearhead direct lending unit
The former co-heads of middle-market lending at Credit Suisse are spearheading a new US direct lending business

Recent start-up Freedom 3 sets up mid-market JV with KCap
New York-based mid market lender Freedom 3 has set up a joint venture with KCap Financial, the listed parent company of credit managers Trimaran Advisors and Katonah Debt Advisors

Hercules backs off from contract switch amid investor revolt
Hercules Capital has cancelled a planned shareholder meeting in which it was seeking approval for a controversial switch from internal to external management

Owl Rock adds new direct loans, taking BDC to over $1 billion
Owl Rock Capital has continued to make rapid progress in ramping up its private business development company, one of the biggest debut mid-market debt funds of recent years

Investors dump venture lender Hercules on plan for external manager
Shares in publicly traded business development company Hercules Capital fell sharply last week, after the company announced that it was switching from being managed internally to employing an external advisor

Former Apollo CIO quits troubled Fifth Street after four months
Fifth Street Asset Management announced yesterday that it has parted company with a founder partner of Apollo Global Management, brought in late last year as part of a shake-up at the company