Chris Janiec
Tennenbaum’s BDC reported earnings from a strong second quarter that saw $18.5m in net investment income for the Los Angeles-based firm.
Carrie Donlan has left her position as chief financial officer at the online lender and will be replaced on an interim basis by Lending Club’s corporate comptroller Bradley Coleman.
.jpg "MCC cuts dividend, adds portfolio manager after challenging quarter")
Medley’s BDC cut its dividend after a quarter that saw a sharp decrease in net repayments and no new originations.
Co-chief executives Chris Flynn and Sam Tillinghast will assume the responsibilities of departing president Hunter Stropp as the BDC looks to join the “flight to quality” in credit markets while analysts question the sustainability of its dividends.
The sub-investment grade credit managers spent $247m as part of an effort to strengthen its transatlantic platform.
Chris D’Auria, a long-time CLO professional, has joined the dedicated in-house manager of Guernsey-based Tetragon Financial Group.
Chairman and chief executive officer Leon Black hailed the breadth and depth of Apollo’s credit business while reporting overall economic net income of $395m during the alternative investment firm’s second quarter conference call.
The Philadelphia-based lender has reported continued progress towards its $600m goal in fundraising for its fourth Credit Partners fund.
.jpg "Golub BDC raises $25m in equity")
A recent SEC filing has shown that Golub’s BDC was able place a $25m equity stake from an institutional investor as many of its peers struggle in public markets.
The ratings agency does not expect significant near-term effects on European leveraged loan market from Brexit, though longer-term uncertainty remains.