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Posted by
Two Blokes May 17 -
Filed in
Stock
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We take a look at the action in business development companies through the second week of May and highlight some of the key themes we are watching. The BDC sector remained flat on the week, with CGBD leading the decline. The median BDC valuation is at a 12% discount, making the sector attractive for new allocations. Net unrealized depreciation is a key theme this earnings season, driven by wider public credit spreads, leading to a median NAV drop of around 1% in Q1.
