The latest announcement is out from Chicago Atlantic BDC ( (LIEN) ).
On October 1, 2024, Chicago Atlantic BDC, Inc. completed a strategic acquisition of a loan portfolio from Chicago Atlantic Loan Portfolio, LLC, in a deal that involved issuing new company shares. This move expanded the company’s net assets to approximately $300 million and diversified its investment across 28 portfolio companies. Concurrently, a joint venture was also established, resulting in a new investment advisory agreement with the same fee structure as the previous one. The company also announced changes in its board and executive team to align with its new growth strategy and renamed itself, reflecting these significant corporate developments.
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