Combined company reports net asset value above $223 million, according to Stanger's weekly filing review.
BC Partners Lending Corp completed its all-stock acquisition of Alternative Credit Income Fund, an interval fund, with combined net asset value above $223 million.
Stanger's Oct. 9 weekly filing review identifies BC Partners Lending Corp as a private placement BDC. The 8-K and press release behind the transaction are dated Oct. 2.
Reported by the New funds desk. 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.
The NAV REIT's new rate annualizes to about 5.5% of Sept. 30 NAV, a $0.06-a-share annual cut.
Blackstone also filed an energy transition vehicle, while the week's remaining registrations carried zero or near-zero size.
Tender offer funds grew 9.7% to $136.6 billion in Q3, outpacing interval funds' 3.9% rise to $142.0 billion, according to the same report.
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