CION to Acquire Credit Suisse BDC October 11, 2016 | By Beth Glavosek | Blue Vault On September 30, 2016, Park South Funding, a subsidiary of CION, announced a Purchase and Sale Agreement to acquire Credit Suisse Park View BDC for a gross purchase price of $276,852,116. Jared Schneider, a Managing Partner at Blue Vault,…

FS Investments Taps Goldman Sachs’ Steve DeAngelis to Head Sales Industry veteran joins leading alternatives manager as it expands its distribution channels PHILADELPHIA, Oct., 5, 2016 – FS Investments, a leading alternative asset manager, announced that it has hired Steve DeAngelis as Executive Vice President and Head of Distribution. Mr. DeAngelis will serve on the…

Business Development Corporation of America (BDCA) to Sell its Investment Adviser September 30, 2016 | by Beth Glavosek | Blue Vault As one of the largest Business Development Companies (BDCs) in the industry, Business Development Corporation of America (BDCA) recently made news when it announced its intention to sell its investment adviser, BDCA Adviser, LLC,…

LPC: BDC space ripe for consolidation Sep 16, 2016, 1:26 PM | By Leela Parker Deo | Yahoo NEW YORK, Sept 16 (Reuters) - Business development companies (BDCs), which extended share price gains this summer after a prolonged slump, still face hurdles that prime the specialized closed end investment funds for consolidation, according to sources. While…

NexPoint Advisors Announces Management Proposal to the Board of Directors of the Business Development Corporation of America (BDVC) AUG 30, 2016, 21:24 ET News provided by NexPoint Advisors, L.P. DALLAS, Aug. 30, 2016 /PRNewswire/ -- NexPoint Advisors, L.P. ("NexPoint") announced today that it has submitted a compelling management proposal to the Board of Directors (the "Board") of…

    FS Investments Closes on over $830 Million of Q2 Middle Market Commitments Second quarter deal activity includes three new $100+ million commitments PHILADELPHIA, PA, August 23, 2016 – FS Investments, a leading alternative investment manager, announced that its business development company (BDC) direct lending platform committed over $830 million to middle market companies…

    Hines Closing BDC in Early 2017 August 19, 2016 | by Beth Glavosek | Blue Vault On August 16, Hines Securities disclosed that the board of directors of HMS Income Fund authorized the closing of its continuous public offering of common stock to new investors on or about March 31, 2017. The board…

    NexPoint Multifamily Capital Trust Announces First Distribution August 5, 2016 | by Beth Glavosek | Blue Vault Dallas-based NexPoint Multifamily Capital Trust, Inc. (NMCT) has declared its first distribution to stockholders. The daily distributions will accrue to Class-A stockholders of record as of the close of business on each day of the period…

    Finra launches exam sweep of business development companies One area the regulator is focusing on is brokers who have selling agreements with each BDC Aug 4, 2016 @ 1:46 pm | By Mark Schoeff Jr. | Investment News Finra has launched an examination sweep of nontraded business development companies, the latest alternative investment product to…