Anastasia Donde

The Los Angeles-headquartered private debt firm has hired a senior vice president in its new Chicago office and added to its ranks in Boston.

The US regulator governing broker-dealers is seeking information from unlisted business development companies to ensure their suitability for retail investors.

The New York-based BDC didn’t charge shareholders management or incentive fees in Q2 as it continues to trek through a difficult period for energy investments.

The CPPIB-owned lender has been talking to investors about forming long-term partnerships for lending deals.

The US alternative investment firm reported fundraising across its European and US direct lending strategies, high-yield and structured credit during the quarter.  

The BDC manager is co-operating with an investigation by the regulator related to its business practices, it revealed in filings. The firm also plans to settle its class action lawsuits with a $23m payment. 

A fiber-optics telecom company and a military services business, both of which were on non-accrual status in GSBD’s portfolio in Q2, have since been refinanced.

The $1.7bn vehicle saw assets and income grow, which David Golub said he was especially pleased with at a time of market turmoil.

While it’s unusual for pension funds to invest in business development companies, Owl Rock has been raking in large cheques from these investors thanks to the strong reputation of its founders and unusually low fees.  

The US consulting firm has hired Leo Fletcher-Smith in London and Sylvia Owens in New York to build its private credit research efforts.