These BDCs Yield Up to 15.6%. But Can We Trust Them?
View original at nasdaq.comThese BDCs Yield Up to 15.6%. But Can We Trust Them? This high-yield sector is being taken to the woodshed by the Wall Street spreadsheet jockeys this year…
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Because of the asset-light nature of software businesses, lenders risk getting very little of value in future bankruptcies
60% confidenceThe average BDC's software exposure is about 20%
60% confidenceSLRC's assets can be viewed as a more attractive alternative relative to increasing investor concerns about private market industry exposure to software companies
60% confidenceBecause of the asset-light nature of software businesses, lenders risk getting very little of value in future bankruptcies
60% confidenceOur run rate NII is projected to cover our current dividend as we ramp the PSSL II portfolio
60% confidenceGoldman Sachs BDC exited a software loan with no signs of deterioration for $0.99 on the dollar to get ahead of future AI disruption
60% confidencePennantPark's run rate NII is projected to cover current dividend as they ramp the PSSL II portfolio
60% confidenceThe average BDC's software exposure is about 20%
60% confidenceThe average BDC has roughly 5%-10% equity exposure
60% confidenceThe average BDC has roughly 5%-10% equity exposure, but Gladstone Investment's target mix is 75% debt/25% equity
60% confidenceSLRC's assets can be viewed as a more attractive alternative relative to increasing investor concerns about private market industry exposure to software companies
60% confidenceGoldman Sachs BDC exited an eight-year software loan with no signs of deterioration at $0.99 on the dollar to get ahead of future AI disruption
60% confidence