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…
What we drew from this source
The claims Via News extracted from this document. We point to the source; we don't replace it.
Goldman 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% 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% confidenceThe average BDC's software exposure is about 20%
60% confidenceBecause of the asset-light nature of software businesses, lenders risk getting very little of value in future bankruptcies
60% confidencePennantPark's run rate NII is projected to cover current dividend as they ramp the PSSL II portfolio
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% 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% confidenceOur run rate NII is projected to cover our current dividend as we ramp the PSSL II portfolio
60% confidenceThe average BDC's software exposure is about 20%
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% confidenceBecause of the asset-light nature of software businesses, lenders risk getting very little of value in future bankruptcies
60% confidence