AICA’s 2025 Advisor Survey on BDCs

Q1. What Investment Products Do You Use?

You will be able to answer for every category you use for clients after you select the first one

Q2. Do you use BDCs currently for client portfolios?

YesNo

Q3. How do you allocate alternative investment allocation between real estate, private credit, private equity and infrastructure?

Q4. Investment Allocation & Exposure

What is your target allocation to alternative assets? %

Has that changed since year-end 2023?
IncreaseDecreaseStayed roughly the same

What percentage of your clients’ portfolios do you allocate to BDCs? %

How does this compare between listed % and non-listed or private BDCs %?

Q5. Key Considerations for Selection

What are the primary factors you consider when recommending a BDC investment? Rate the items from 1 to 6, with 1 being the most important, ensuring no repetition.

1:

2:

3:

4:

5:

6:

Other:

Q6. Did you increase your BDC usage in the past 6 months?

YesNoNot sure

Q7. Do you plan to increase your BDC usage in the next 6 months?

YesNoNot sure

Q8. Due Diligence & Research

What sources of research and due diligence do you rely on when evaluating BDCs?

Short open-ended text answer 250 words max

Do you find transparency levels in private BDCs sufficient compared to public ones?
YesNo
Comments:

Short open-ended text answer 250 characters max

Q9. Approximately what % of your clients understand BDC?

(required)

Q10. Favorite BDC Sponsor:

Q11. What could be done to make you more comfortable or successful as a BDC investor?

Short open-ended text answer 250 characters max

Please complete this sections to receive:

1. A Summary of the Completed Survey

2. One month free CEFdata Daily Alerts Email Service

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