Public BDCs Are Pricing In Most Pain Since Covid
Private credit’s aggressive push to court retail investors has exposed the industry to a less familiar threat: public market volatility, which is dragging business development company shares toward their steepest...
By Olivia Fishlow, Mathieu Benhamou · Bloomberg Markets
Private credit’s aggressive push to court retail investors has exposed the industry to a less familiar threat: public market volatility, which is dragging business development company shares toward their steepest discounts relative to their assets since the pandemic.