Carlyle Secured Lending, Inc. (CGBD), formerly known as TCG BDC, Inc., is a publicly traded Business Development Company (BDC) and is regulated by the Investment Company Act of 1940. It is externally managed and has chosen to be treated as a Regulated Investment Company (RIC) under the Internal Revenue Code. Carlyle Secured Lending is headquartered in New York, New York, and its stocks are listed and traded on NASDAQ under the symbol "CGBD".
The company represents an integral part of global investment company, The Carlyle Group's credit platform, which has a wide array of investment capabilities and resources. The company operates with a mission to deliver attractive risk-adjusted returns to its investors over the long term. Carlyle Secured Lending achieves this by investing primarily in the debt of middle-market, US-based companies, both through direct origination and in the secondary markets. It focuses on the senior secured loans of these companies, inclusive of unitranche loans, first lien loans, and second lien loans.
As with all BDCs, the business model of Carlyle Secured Lending, Inc. is to invest in the debt and equity of private companies and to distribute investment income in the form of dividends to investors. Their strategy is to capitalize on the strength of The Carlyle Group’s global brand, extensive industry knowledge, and deep relationships in order to identify, evaluate, and monitor investments.
As of 2021, its portfolio has an attractiveness that spans over a wide range of industries including software, technology services, commercial & professional services, healthcare providers & services, insurance, and capital markets, among others.
In terms of governance, Carlyle Secured Lending, Inc. is guided by an experienced team of professionals who possess deep knowledge and exceptional acumen within the realm of business and finance. This team is tasked with not only managing the day-to-day operations of the company but also establishing and executing critical strategic initiatives which aim to foster continued growth and success.
In essence, Carlyle Secured Lending, Inc. (CGBD) embodies a dedication to growth, solid investment pattern, and commitment to delivering high yield and attractive risk-adjusted returns to its investors, which positions it as a noteworthy player within the realm of middle-market lending.
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Carlyle Secured Lending, Inc. (NASDAQ:CGBD) has received a consensus "Hold" rating from sell-side analysts, with an average 12-month price target of $12.25. The company recently declared a quarterly dividend of $0.35 per share, representing a 12.5% yield, despite a high payout ratio of 274.51%. Institutional ownership has increased, with hedge funds and other institutional investors now holding 24.51% of the company's stock.
Corient Private Wealth LP has acquired a new stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD), purchasing 182,469 shares valued at approximately $1.92 million during the second quarter. Institutional investors collectively own 24.51% of the company. Carlyle Secured Lending recently declared a quarterly dividend of $0.35 per share, resulting in a 12.1% yield, and analysts currently have a consensus "Hold" rating with an average price target of $12.50.
Legal & General Group Plc recently acquired 577,568 shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) in the second quarter, valuing the stake at approximately $6.09 million and giving them a 0.84% ownership. Other institutional investors have also adjusted their holdings in CGBD, with 24.51% of the stock now owned by hedge funds and institutions. Carlyle Secured Lending announced a quarterly dividend of $0.35 per share, representing a 12.1% annualized yield, while analysts currently hold a consensus "Hold" rating with an average price target of $12.50.
Van ECK Associates Corp significantly increased its stake in Carlyle Secured Lending, Inc. by 33.2% in the second quarter, purchasing 436,365 additional shares. This brings their total holdings to 1.75 million shares, representing approximately 2.54% of the company. Carlyle Secured Lending also declared a quarterly dividend of $0.35 per share, resulting in an annualized yield of 11.9%.
Carlyle Secured Lending director John G. Nestor sold 16,812 common shares on August 12, 2026, for a total value of $188,366.45, with prices ranging from $11.18 to $11.24 per share. This transaction resulted in his direct holdings falling to zero, while indirect holdings via trusts decreased to 8,017 shares. The news brief notes that this content was AI-generated based on an SEC filing.