- business Development Companies ("BDCs") are among the highest yielding asset classes available today.
- A combination of factors, including poor performance on some non-traded BDCs, heavy utilization of external managers, and general distrust of high-yielding assets, among others, has created a mountain of problems.
- BDCs are simple businesses at their core, but fully understanding and properly measuring their activities require expertise.
- This piece has been in the making for a long time and is designed to succinctly address common misconceptions surrounding BDCs.
- Welcome to Part III of our series. Please visit Parts I and Parts II published in March for the first five topics.
For further details see:
Debunking BDC Misconceptions: Part III