BDC Weekly Wrap: Dig Deeper For Underwriting Quality

Apr. 05, 2024 8:50 PM ETPSBD, MSDL6 Comments

Summary

  • We take a look at the action in business development companies through the last week of March and highlight some of the key themes we are watching.
  • BDCs had a strong week with a 2.5% total return with a similar return over March.
  • Sometimes investors need to dig deeper than the numbers on the presentation to get a better gauge of BDC underwriting quality.
  • The newly trading BDC MSDL is likely to offer a better entry point later this year given a series of lock-up expiries and a likely drop in net income.
  • I do much more than just articles at Systematic Income: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

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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

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