Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
Business development companies (“BDC”) face declining competition for loans from the banks. While regional lenders have been sidelined, the large banks have become lenders to the BDCs, choosing to cooperate, rather than compete, with them. The prospects for our BDC portfolio, which has generated strong results since inception, have become brighter as a result.
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