I'm pleased to announce that our two public BDCs, OBDC and OBDE, had strong starts to the year, delivering another quarter of record NAVs per share. Across both funds, we delivered an annualized dividend yield over 10%, which we believe is especially attractive for portfolios of predominantly first lien loans. This performance reflects our continued focus on credit selection, which remains unwavering. Grateful for the support of our team and our shareholders.
Craig Packer’s Post
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Family offices are embracing innovative strategies for growth, and MCAs (Merchant Cash Advances) are at the forefront of this transformation. Discover how MCAs are diversifying portfolios and providing flexible capital solutions #FamilyOffice #InvestmentStrategies #MCAs #FinancialInnovation https://hubs.li/Q026Sz4W0
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While the Capital One/Discover deal, announced last week, has yet to gain regulatory approval, it has received a head nod from their soon-to-be biggest competitor, Jamie Dimon, CEO of J.P. Morgan. In fact, he doubled down on his approval by stating, "Let them Compete." This mentality of seeking greater competition has been a driver for many economic booms and launches of innovative ways to service and reach customers alike. Capital One, in itself, changed the way many card companies operated with new and unique rewards cards and is now poised to bring to bear its larger network of cardholders in transaction processing. In this new environment, should it be passed, competitive and market research will be critical in staying one step ahead of your competition and I look forward to servicing clients in the space. https://lnkd.in/gVXbn_Mc
Jamie Dimon on Capital One's $35.3 billion Discover acquisition: 'Let them compete'
cnbc.com
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In this week's edition, we're delving into the dynamic interplay of last week's top loans where strategic financing meets careful execution in the realms of CRE, ABL, and Growth Cap. The big players, like RXR, secured a $1.2 billion vote of confidence with a loan extension from heavy-hitters Morgan Stanley & AIG, showing that the market's giants still back their stalwarts. Meanwhile, Crow Holdings & Panattoni made a noteworthy move with a $252 million investment in Seattle, highlighting their tactical acumen in an expanding warehouse sector. The SoFi-BlackRock $375 million collaboration, meanwhile, showcases the evolving synergy between traditional finance and modern fintech innovation. Over in Tennessee, Old National's merger with CapStar is stirring up the regional banking scene, signaling growth and enhanced services for local businesses. But it wasn't all smooth sailing — Astra's liquidity hiccup serves as a reminder that the market can be as unpredictable as it is exciting. So, let's take a quick 4-min read through this complex dance of finance, plus find out who the new player in this week's bridge lender lounge. Ready to jump in? https://lnkd.in/ePhyac2W
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A merged Capital One/Discover would create a very large bank with a very large concentration in credit cards. That's not great. But it would also create a credible challenger to the Visa/Mastercard interchange duopoly, which could inject competition into a not-so-competitive market. So what's a regulator to do?
Capital One-Discover merger pits concentration risk against payments competition
americanbanker.com
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Another significant acquisition announcement today, #nationwide agrees terms with #virginmoney. This, on the back of #barclays linked to a deal with #tescobank and #coventrybuildingsociety in talks to merge with #coopbank. There are obvious commercial benefits for organisations and shareholders, but more effort required to better service and retain customers through digital channels and human touch points.
Nationwide agrees terms for £2.9bn Virgin Money takeover
https://www.cityam.com
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Discover how BXP outperforms in commercial real estate with exceptional Q4 leasing and capital raising achievements in 2023. #commercialrealestate #commercial #seattle #multifamilyseattle #apartmentsseattle
BXP Slightly Outperforms Market Expectations in Q4 But Sees Tepid Demand Across West Coast Markets
http://news.theregistryps.com
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In what world does making ever-bigger banks truly benefit the consumer?! Contrast the latest release from the Consumer Financial Protection Bureau, “CFPB Report Finds Large Banks Charge Higher Credit Card Interest Rates than Small Banks and Credit Unions,” with this news that would create the nation’s new largest credit card issuer. Credit is incredibly important for wealth building, but as more and more households have been forced to rely on credit cards in particular during economic downturns and times of high inflation, we cannot create a situation where competition gets further eroded and interest rates continue to rise. At the end of the day, it’s our lowest-income, least financially stable community members who will bear the brunt of these consolidations. Financial regulators need to listen to advocates and community members to ask before any part of this deal moves forward, “Will this merger benefit the consumers most in need of stable, low-cost credit?”
Why Capital One plans to buy Discover in a megamerger of credit giants
marketwatch.com
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Accredo understands what new starts need, aiming to support them with the secured loan process. With no trading history required, flexible payment options and quick decision-making, we’re sure you’ll find our approach refreshing. Reach out today for more information on 01444 255915. #SecuredBusinessFinance #CommercialLoan #NewStartBusiness #NewStartFunding #NewStart
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My colleagues Diana Diquez and Darren Maharaj continue to show why Reorg is the leading source of #privatecredit #data and intelligence. In this fast-growing segment of the overall #corporatecredit market, if you're not following Darren or Diana (or their teams) for market-leading insights, you should be. #directlending #finance #investing #fintech
📊 In this week's DataDrop 📊: "While overall (BDC) investments increased, M&A activity, especially buyout opportunities, continued to disappoint in the first quarter (1Q’24), and views diverge on when activity will pick up. Refinancings, historically not a large component of activity in the direct lending space, saw an increase, as many deals were extended, repriced or restructured." - according to data from Reorg. Read more here: https://lnkd.in/e5aTU7nf #BDC #directlending #privatecredit #NorthAm #13takeaways
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Game changer! All broker introductions of £150k and less are now being handled by our complex lending team, allowing us to sanction deals quicker than ever before. This testimonial is just one of many we’ve received since launching our new way of working. #commercialfinance #natwest #brokers #doingagreatdealforbrokers
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