Rising defaults, increased leverage (average 1.25x), and potential recession risks warrant caution across the BDC sector ...

BDCs face earnings pressure from lower base rates, but fears of severe dividend cuts are overstated. Quite many BDCs have several levers to pull in order to absorb ~100 bps of base rate cuts without ...

BIZD uses total return swaps for 34% of its portfolio, creating synthetic leverage that amplifies both gains and losses. The fund’s top four holdings represent roughly 67% of assets, creating ...