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Public BDCs: An Expensive High Dividend Stock Substitute or a Private Debt “Liquid Alternative”?

By 09/01/2014November 2nd, 2016No Comments


As interest in liquid alternatives surges and the search for yield continues, public Business Development Companies (“BDCs”) have received significant institutional interest. These REIT-like vehicles, which have historically focused on the retail market, appear very attractive at first blush, offering yields above traditional high yield debt with daily liquidity. But, as the saying goes, appearances can be deceiving – and, we would offer, expensive.

Published on October 7, 2014 at Hedge Fund Insight

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