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Blackstone Secured Lending Fund of Beneficial Interest
2024-03-08 19:41:30 ET
Summary
BDCs underperformed the broader income market due to worse-than-expected results from companies such as HRZN, TCPC, and FSK.
The reinvigorated bank lending picture is squeezing out direct lenders like BDCs, with banks regaining lost ground.
We take a look at results from BXSL and HRZN.
Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company ("BDC") sector from both the bottom-up - highlighting individual news and events - as well as the top-down - providing an overview of the broader market....