Business Development Companies

Mutual fund giant T. Rowe Price and Oak Hill Advisors (OHA) launched a joint private credit offering, OCREDIT, via a non-traded, perpetual-life business development company structure.

Centerbridge Partners is launching Overland Advisors to manage a business development company formed under a new strategic partnership with Wells Fargo with a focus on senior secured loan origination. 

The $708 billion Abu Dhabi Investment Authority (ADIA) has committed $625 million of equity in Jefferies Credit Partners direct lending business development company (BDC). Jefferies Credit Partners, the private credit manager and asset management arm of Jefferies Finance, announced on ...

The Washington State Investment Board approved two private markets investment and was informed of two more staff-delegated investments at its Nov. 17 meeting.

A $2.8 billion credit shop, Stellus finds itself gaining momentum investing in lower middle market debt — a space where they are often the only lender at the table with the necessary experience.

Platform provider CAIS added alternatives strategies managed by Franklin Templeton’s Clarion Partners and Benefit Street Partners. The new offerings on the platform include Clarion Partners Real Estate Income Fund, which invests in commercial real estate properties, and Franklin BSP Capital ...

Stellus Capital Management closed its latest offering with $1.8 billion of investable capital including target leverage, capital commitments to the fund, investor-specific vehicles and a newly launched private Business Development Company. Stellus Credit Fund III (SCF III), like predecessor funds, ...

CION Investments formed a joint venture partnership late last year with Man Group that is now slated to be offering retail investment options via a new relationship with iCapital. Man Group and CION are collaborating to create investment solutions that ...

HPS Investment Partners raised $500 million in equity proceeds for its non-traded business development company HPS Corporate Lending Fund (HLEND). The $80 billion firm’s first business development company will ultimately have more than $1 billion n investable capital as the ...

Blue Owl Capital plans to bring its middle market lending capabilities to Canadian accredited investors, making it one of the first U.S. private credit firms to offer its capabilities to onshore Canadian allocators. The institutional share class of Owl Rock ...