BKLN

With a flurry of M&A activity in the BDC industry this year, GSBD and MMLC finally closed their merger on October 12, 2020.The resulting $3.3B portfolio makes GSBD the 7th largest BDC by AUM.With uncertainty in the market, GSBD presents an enticing investment opportunity with a strong deleveraged portfolio as a result of the merger as well as consistent long-term returns.The new GSBD will be trading at a 20% discount to its historical book value and an 11% dividend yield.

Distressed-assets specialist Alp Ercil went on a billion-dollar buying spree in March and April, bargain-hunting amid the indiscriminate selloff in credit markets, a person familiar with the matter said.