Business development companies lend to midsize private companies at high interest rates. They have proven popular with retail investors in recent years by offering dividend yields of around 10%. Total industry assets have doubled to about $260 billion since late 2020.
Leading BDCs include
Ares Capital
(ticker: ARCC),
Owl Rock Capital
(ORCC),
FS KKR Capital
(FSK), and
Blackstone Secured Lending
(BXSL). The largest BDC is the nontraded
Blackstone
Private Credit fund, known as Bcred, which has grown to $22 billion in net assets since its inception in January 2021, more than twice the size of
Ares
Capital, the largest public BDC.
Indian corporate earnings recorded healthy growth, with many beating street estimates in the quarter ended March 2023, according to Nomura and Jefferies.The agg
Business Dispensaries in Framingham, Northampton, and Worcester are set to close in
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