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Posted by
Two Blokes Apr 25 -
Filed in
Stock
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Nuveen Churchill Direct Lending Corp. is a strong BDC pick, with a rock-solid portfolio and significant focus on first-lien debt investments. NCDL's portfolio includes 210 companies with an average EBITDA of $78m, indicating market-tested enterprises with strong competitive positions. Despite rising liquidity issues, NCDL's 90.6% first-lien debt investments and outstanding diversification mitigate risks and highlight its defensive orientation.
