BDC Weekly Review: Portman Ridge Finance Wants To Start Over

  • We take a look at the action in business development companies through the third week of June and highlight some of the key themes we are watching. The BDC sector remains range-bound, with high-premium names outperforming. Portman Ridge Finance rebrands as BCP Investment Corporation, introduces monthly distributions, share buybacks, and adviser stock purchases post-merger with LRFC.