Nasdaq Welcomes TCG BDC, Inc. (Nasdaq: CGBD) to The Nasdaq Stock Market
June 14 2017 - 11:02AM
TCG BDC, Inc. (Nasdaq:CGBD), an externally managed specialty
finance company focused on lending to middle-market companies,
visited the Nasdaq MarketSite in Times Square today in celebration
of its initial public offering (IPO) on The Nasdaq Stock Market.
TCG BDC is managed by Carlyle GMS Investment Management L.L.C.,
which is a part of the Carlyle Group (NASDAQ:CG). Nasdaq is the
home exchange to 75 percent of the publicly listed business
development companies (BDCs). After the success of its IPO, TCG BDC
becomes one of the largest BDCs listed on Nasdaq as measured by
total assets.
TCG BDC’s investment objective is to generate current income and
capital appreciation primarily through debt investments in U.S.
middle market companies. The company utilizes a rigorous,
systematic, and consistent due diligence underwriting process that
has been refined over The Carlyle Group’s long history investing in
private markets to evaluate all investment opportunities. Since the
company commenced investment operations in May 2013 through March
31, 2017, TCG BDC invested more than $2.4 billion in aggregate
principal amount of debt and equity investments prior to any
subsequent exits or repayments.
“We are thrilled to have completed our initial public offering
on the Nasdaq Stock Market. Our successful public offering
highlights the strong investor interest in this asset class and
specifically Carlyle global credit’s direct lending capabilities
and team,” said Michael Hart, Chief Executive Officer and Chairman
of the Board.
“Nasdaq congratulates and welcomes Carlyle’s TCG BDC, to join
our family of innovators in the financial services industry. We
look forward to supporting the company’s continued growth and
success,” said Nelson Griggs, Executive Vice President, Head of
Global Listings, Nasdaq.”
The information contained above is provided for informational
and educational purposes only, and nothing contained herein should
be construed as investment advice, either on behalf of a particular
security or an overall investment strategy. Information about the
company is provided by the company or comes from the company’s
public filings and is not independently verified by Nasdaq.
Neither Nasdaq nor any of its affiliates makes any recommendation
to buy or sell any security or any representation about the
financial condition of any company. Statements regarding
Nasdaq-listed companies are not guarantees of future performance.
Actual results may differ materially from those expressed or
implied. Past performance is not indicative of future results.
Investors should undertake their own due diligence and carefully
evaluate companies before investing. ADVICE FROM A SECURITIES
PROFESSIONAL IS STRONGLY ADVISED.
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visit: business.nasdaq.com.
- NDAQG -
Media Relations Contacts:
Stephanie Lowenthal
(646) 441-5073
Stephanie.Lowenthal@nasdaq.com
Emily Pan
(646) 441-5120
emily.pan@nasdaq.com
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