BDC Weekly
The AI boom is leaving the screen and entering the physical world. Private credit is helping finance the concrete, power and compute. Here is where BDC investors fit.
BDC Weekly
ARCC bought fixed-rate time. CSWC expanded flexible capacity. Both deals show that capital remains available to established BDCs, but nobody is handing it out cheaply.
BDC Weekly
Higher yields can support BDC loan income and damage the borrowers paying it. The clocks do not move at the same speed.
BDC Weekly
Treasury moved to support long-end market liquidity, but the BDC lesson is not that rates are falling. Funding costs and borrower pressure still matter.
BDC Weekly
The BDC income engine is still working. The harder question is whether lenders can replace repayments, protect NAV, and capture new financing demand without weakening underwriting.
BDC Weekly
The Fed did not give markets a path. It gave them a fork. For BDC investors, the old higher-for-longer trade is splitting into two stories: income and credit.
BDC Weekly
The first Drift BDC Weekly: higher rates still support income, but the cost of money is now testing borrower quality, funding costs, dividend cushion, and trust.