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Insight2016-08-01T14:51:33-04:00

Saratoga’s Oberbeck on the state of private credit ahead of interest rate cuts

August 23rd, 2024|Comments Off on Saratoga’s Oberbeck on the state of private credit ahead of interest rate cuts

Chris Oberbeck, Chairman and Chief Executive Officer at Saratoga Investment Corp., says that private credit — which has been on the rise for several years — is being challenged by a cooling market for mergers and acquisition activity. That has put...

Nuveen/Churchill BDC 2Q Yield Bests Overall Sector Average

August 19th, 2024|Comments Off on Nuveen/Churchill BDC 2Q Yield Bests Overall Sector Average

Nuveen’s debt-focused business development company (BDC) generated net investment income in the second quarter of 2024 to support a 12.3% annualized dividend yield to shareholders — besting the 10.65% average Q2 yield for debt-focused BDCs across CEFData.com’s Debt-Focused BDC Index. The index benchmarks equal-weight BDCs that trade $1 million a day in average liquidity over the previous quarter.

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Disclosure: Views and opinions expressed are for informational and educational purposes only as of the date of production/writing/speaking and may change without notice at any time based on a multitude of factors. Speaker’s/presenter’s/author’s opinions are their own and may not necessarily represent the opinions of AICA, its Board, or its staff. Materials may contain “forward-looking” information that is not purely historical in nature, such as projections, forecasts, market return estimates, proposed or expected portfolio composition, and other items. Listed closed-end funds and business development companies trade on exchanges at prices that may be above or below their NAVs. There is no guarantee that an investor will be able to sell shares at a price greater than or equal to the purchase price or that a closed-end fund’s discount will narrow. Non-listed closed-end funds and business development companies do not offer investors daily liquidity but rather offer liquidity on a monthly, quarterly or semi-annual basis, often on a small percentage of shares. Closed-end funds often use leverage, which can increase the fund’s volatility (i.e., risk). Actual distribution amounts may vary with fund performance and other conditions. Past performance is no guarantee of future results. This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Closed-end funds frequently trade at a discount to their net asset value (NAV).
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Disclaimer Statement

Active Investment Company Alliance The Active Investment Company Alliance (“AICA”) is a trade association committed to educating and engaging investment professionals and investors about closed-end management companies: listed and non-listed closed-end funds, business development companies, interval funds and tender offer funds. The alliance supports transparency and, therefore, does not allow any agent, employee or representative to personally solicit any investment or accept any monies to be invested in a particular fund or security.

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