Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
The investment environment for business development companies (“BDC”) has grown more attractive in recent months. BDCs have been positioned to replace traditional debt capital sources, including banks and collateralized lenders, in the restrictive lending climate created by the debt maturity paywall, regulatory and valuation markdown issues. (see https://therabidcapitalist.com/2024/03/06/business-development-company-investing/). Private credit has begun to expand into additional opportunities, including the refinancing of illiquid private equity backed companies.
Complete content is available for a $15 monthly subscription. Click here to subscribe:
The Rabid Capitalist 
Leave a comment