BDC Weekly
Hercules kept lending, Main Street and Blue Owl worked the liability side, Prospect priced new notes, and Ares put Q2 earnings on the clock. The BDC story is shifting from headline yield to funding power.
BDC Weekly
The Fed is keeping the price of money high just as AI infrastructure is creating a new capital-demand shock. BDCs are where the private-credit squeeze becomes visible.
Private Credit
QQQ owns the visible AI story. The data-center financing stack shows the hidden credit, real-estate, infrastructure, and private-market layer underneath it.
Private Credit
A financial machine had a decade of favorable weather. Now the weather changed, and we are learning which parts were engineering and which parts were marketing.
BDCs
Compare five BDCs across dividend coverage, net asset value and problem loans. The Q2 2026 map shows why a covered dividend can coexist with a shrinking or weaker portfolio.
Private Credit
Private credit is not collapsing in one dramatic moment. The stress is moving through redemption gates, borrower cash flows, dividend coverage, and trust in private loan marks.
BDC Weekly
BDC dividends still look high. The better question is how much of that payout is being earned in cash, how much depends on PIK income, and which lenders still have real funding flexibility.
BDCs
A BDC stock looks like a dividend stock on the surface. Underneath, it is public-market exposure to a private-credit lending machine.
Private Credit
Private equity buys companies. Private credit lends to them. That difference matters for BDC investors because they are usually buying lender judgment, not takeover upside.
Private Credit
Private credit redemptions are not automatically a crisis. They are a test of whether a fund’s liquidity promise matches the loans it owns.
Private Credit
A private-credit gate does not automatically mean withdrawals stopped. It means investors have reached the limits of the vehicle's liquidity design.
Private Credit
Blue Owl redemption pressure is a platform trust story. OBDC is a public BDC, not the same vehicle, but investors still need to understand how sentiment can travel.