BDCs
What Do BDCs Invest In? The Businesses Beneath the Dividend
A BDC dividend begins somewhere less visible: a machine shop expanding, a software company refinancing, a healthcare business changing owners, or a sponsor funding an acquisition.
Direct Lending
ARCC
Ares Capital (ARCC) Q1 2026 Deep Dive: The Benchmark BDC Has Less Cushion Than The Brand Suggests
ARCC still looks like one of the strongest public BDCs. That is exactly why Q1 matters: the benchmark private-credit machine now has less dividend cushion than the brand suggests.
BDCs
Are BDC Discounts Telling Us Something Deeper About Private-Credit Risk?
Cheap BDCs may not simply be bargains. Public markets may be signaling deeper questions about private-credit marks, dividend durability, and borrower stress.
BDCs
PIK Income Explained: When Income Is Not Cash Yet
PIK income is income before cash arrives — and one of the places private credit can look healthier on paper than it feels underneath.
BDCs
Non-Accrual Loans Explained: When Private-Credit Income Stops
A non-accrual is the moment a lender admits expected interest no longer deserves to count as ordinary income. For BDC investors, that changes the dividend math.
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.
BDCs
What Is NAV? BDC Book Value, Discounts and Premiums
NAV is the BDC investor’s trust gauge: a way to judge whether the reported value of the loan book still deserves belief.
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.