BXSL - Morgan Stanley Direct Lending: Compelling 10% Defensive Yield
2024-07-04 07:05:00 ET
Summary
- I am pretty cautious on the BDC sector right now.
- However, there are a few attractive opportunities still available in the sector.
- I take a look at one of the more overlooked BDCs that looks surprisingly compelling.
When investors think of the business development company (i.e., "BDC") sector ( BIZD ), they often think of industry blue chips like Ares Capital ( ARCC ) and Main Street Capital ( MAIN ). Even when they think about the more defensive end of the sector, they think of names like Blackstone Secured Lending ( BXSL ) and Sixth Street Specialty Lending ( TSLX ). All of these companies are certainly impressive and have strong track records....
Morgan Stanley Direct Lending: Compelling 10% Defensive Yield