TCPC - BDC Weekly Review: Portfolio Performance Is Diverging
2024-03-15 22:42:20 ET
Summary
- We take a look at the BDC sector through the second week of March.
- BDC returns were marginally positive, with some companies significantly dragging down the average weekly return.
- Q4 saw a significant rise in performance divergence across the sector - an indication of a heightened level of stress by borrowers.
- Carlyle Secured Lending had a good quarter, while TCP Capital Corp and BlackRock Capital Investment Corp. have approved a merger.
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....
BDC Weekly Review: Portfolio Performance Is Diverging