Bain Capital Specialty Finance: Keep away from This 9.8% Yielding BDC (NYSE:BCSF)

Khanchit Khirisutchalual/iStock through Getty Photos

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) is the BDC arm of Bain Capital, a personal various asset administration agency. The BDC’s inventory at present trades at a inventory yield of about 9.8% whereas sustaining a extremely secured portfolio composition.

Having stated that, the BDC diminished its dividend by 17% throughout the pandemic, and the corporate solely covers its dividend with web funding revenue.

If non-accruals enhance, the corporate will most definitely scale back its dividend payout.

A First Lien-Targeted Debt Portfolio And Evolution

The funding focus of Bain Capital Specialty Finance is

Read More Read More

Nice Elm Capital Corp. Expands Its Specialty Finance Footprint With the Buy of a Majority Fairness Curiosity in Sterling Industrial Credit score

WALTHAM, Mass., Feb. 03, 2022 (GLOBE NEWSWIRE) — Nice Elm Capital Corp. (“we,” “us,” “our,” or “GECC,”) (NASDAQ: GECC), a enterprise improvement firm, at this time introduced that it has acquired a majority fairness curiosity in Sterling Industrial Credit score, LLC (“Sterling”) a number one asset-based lender.

Established in 2004, Sterling supplies asset-based loans to center market corporations all through america. The Sterling workforce has been energetic within the business finance trade for over 30 years.

Transaction Particulars
GECC is buying a majority possession place in Sterling for $7.54 million, consisting of $4.94 million in money and $2.60 million in

Read More Read More

Trean Insurance coverage Group Launches New E&S Provider, Benchmark Specialty Insurance coverage Firm

WAYZATA, Minn., Dec. 27, 2021 (GLOBE NEWSWIRE) — Trean Insurance coverage Group, Inc. (Nasdaq: TIG), a number one supplier of services and products to the specialty insurance coverage market, introduced immediately that its subsidiary, Benchmark Insurance coverage Firm, a number one author of program enterprise, fashioned a brand new extra and surplus traces subsidiary, Benchmark Specialty Insurance coverage Firm, an Arkansas home surplus traces provider. The brand new entity joins Benchmark Insurance coverage Firm, a Kansas domiciled provider, American Liberty Insurance coverage Firm, a Utah domiciled provider, and 7710 Insurance coverage Firm, a South Carolina primarily based provider, as members

Read More Read More

Primary Avenue Capital, Bain Capital Specialty Finance and Newtek Enterprise Companies

For Rapid Launch

Chicago, IL – November 18, 2021 – Immediately, Zacks Fairness Analysis discusses SBIC and Business Finance, together with Primary Avenue Capital Company MAIN, Bain Capital Specialty Finance, Inc. BCSF and Newtek Enterprise Companies Corp. NEWT.


The Zacks SBIC & Business Finance trade is bearing the brunt of a low rate of interest setting and subsequent rise in prepayments. These are prone to proceed hurting the trade gamers’ profitability to some extent.

Nonetheless, regulatory adjustments and strong financial development are anticipated to help the trade within the coming days. Stimulus packages have supported the corporations during

Read More Read More

Nice Elm Capital Corp. Appoints Michael P. Keller as President of its Specialty Finance Enterprise

WALTHAM, Mass., Nov. 18, 2021 (GLOBE NEWSWIRE) — Nice Elm Specialty Finance, a newly fashioned, wholly owned subsidiary of Nice Elm Capital Corp. (“GECC,” “we,” “us,” or “our”) (NASDAQ: GECC), a enterprise growth firm, right this moment introduced a brand new management appointment supposed to foster the corporate’s personal direct lending options to center market debtors primarily throughout the US. Michael P. Keller, a seasoned skilled with vital expertise in direct lending, will head its specialty finance efforts with explicit deal with asset-based lending, asset backed lending, money stream, and subordinated debt investing.

“Over his profession, Mike has managed over

Read More Read More

Berkshire Hathaway Specialty Insurance coverage Introduces D&O Legal responsibility and Asset Supervisor D&O and E&O Legal responsibility Insurance policies in Germany

BOSTON & COLOGNE, Germany, November 15, 2021–(BUSINESS WIRE)–Berkshire Hathaway Specialty Insurance coverage (BHSI) right now introduced the launch of its Government First® Administrators & Offi­cers (D&O) Legal responsibility coverage for industrial prospects and a modular Skilled First D&O and Errors & Omissions Legal responsibility resolution for Asset Managers in Germany.

“Firms within the German market face rising and evolving administration and errors & omissions exposures and an evolving regulatory setting, on the similar time they need to navigate difficult insurance coverage market circumstances,” stated Carsten Keune, Head of Government & Skilled Strains, BHSI in Germany. “BHSI is happy to

Read More Read More