The combined private credit vehicle reported net asset value above $223 million; about 84.6% of ACIF voting shareholders approved the deal on Sept. 10.
BC Partners Lending Corp. closed its all-stock merger with ACIF, according to our records.
The combined private credit vehicle reported net asset value above $223 million, our tracking shows.
About 84.6% of ACIF's voting shareholders supported the deal on Sept. 10, our tracking shows.
The closing ends repurchases, removing a liquidity feature from the combined structure.
Reported by The Wrap desk from Interval Fund Daily tracking. Published . Corrections
The combined private credit vehicle reported net asset value above $223 million; about 84.6% of ACIF's voting shareholders supported the deal on Sept. 10.
The combined company reported net asset value above $223 million and about 84.6% of ACIF's voting shareholders supported the deal on Sept. 10.
Repurchase requests equaled 10% of NAV against a 5% quarterly cap; the fund filled roughly half.
The platform's interval-fund menu now spans private credit, real estate, infrastructure and private equity.
The $9.9 billion nontraded BDC filled 38.2% of repurchase requests after investors tendered 13.1% of shares against a 5% quarterly cap.
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