A majority of listed business development companies (BDCs) are currently trading at discounts to their net asset values, as investors weigh liquidity risks, portfolio valuations, and broader private credit market pressures, according to a report by Bloomberg citing LSEG data.
The figures show that flagship vehicles such as Ares Capital Corporation and Blackstone Secured Lending Fund are trading roughly 10% below NAV, while Blue Owl Capital Corporation sits at a more significant 25% discount.
BDC...
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