Barings is getting into the market of advising a business development company through a complicated transaction that BDC shareholders approved on Tuesday, and which will be a first for the industry once it closes. The transaction involves the sale of Triangle Capital Corporation’s assets to Benefit Street Partners, and a purchase of a management agreement […]
Business Development Corporation of America Prices $150 Million of 4.75% Senior Notes Due 2022 New York, New York, December 15, 2017 – Business Development Corporation of America (“BDCA”) announced that it priced $150 million aggregate principal amount of 4.75% senior unsecured notes (the “Notes”). The Notes were sold to qualified institutional buyers pursuant to Rule […]
Both Funds Hit Hard Cap and Were Oversubscribed New York, NY, December 5, 2017 — Benefit Street Partners L.L.C. (“BSP”), a leading credit focused alternative asset management firm with over $20 billion in assets under management across a broad range of credit strategies, today announced the final closing of its fourth flagship debt fund, Benefit […]
Replaces Scott Waynebern, Who is Leaving the Firm After Successfully Building Out The CRE Platform New York, NY, July 10, 2017 — Benefit Street Partners L.L.C. (“BSP”), a leading credit-focused alternative asset management firm with over $20 billion in assets under management across a broad range of credit strategies, today announced that BSP’s Head of […]
New York, NY, July 5, 2017 — Benefit Street Partners L.L.C. (“BSP”), a leading credit-focused alternative asset management firm with over $20 billion in assets under management across a broad range of credit strategies, today announced that Larry Zimmerman has joined the firm as a Managing Director, Head of Private Debt Origination. In addition, David […]
New York, NY, July 5, 2017 — Benefit Street Partners L.L.C. (“BSP”), a leading credit-focused alternative asset management firm with over $20 billion in assets under management across a broad range of credit strategies, today announced that Larry Zimmerman has joined the firm as a Managing Director, Head of Private Debt Origination. In addition, David […]