BDCs
Floating-Rate Loans Explained
Floating-rate loans can boost BDC income when rates rise, but the same mechanism can pressure borrowers and create future credit stress.
Drift Research Team
BDCs
What Is NAV?
NAV is the BDC investor’s trust gauge: a way to judge whether the reported value of the loan book still deserves belief.
BDCs
How BDC Dividends Actually Work
The double-digit yield is only the surface layer. Beneath it sits a hidden private-credit system reshaping corporate finance.
BDCs
What Is a Business Development Company (BDC)?
BDCs are not just high-yield stocks. They are public gateways into private credit, where the dividend is only the output of a deeper lending machine.
Private Credit
What Is Private Credit? Why Wall Street Keeps Pouring Money Into Private Lending
Private credit quietly became a $2 trillion market while most retail investors focused on stocks. Here’s how it works and why institutions love it.