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DLDeals.com's Thompson talks about the pain - and recovery - ahead for BDCs
The NAVigator
English - May 22, 2020 12:57 - 9 minutes - 8.17 MB - ★★★★★ - 5 ratingsInvesting Business closedendfunds Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Matt Freund, co-manager of Calamos Long-Short Equity & Dynamic Income
Kelly Thompson, founder and editor at Direct Lending Deals, says that business development companies specializing in middle-market lending are facing the pain of some defaults and the potential for restructurings, but she believes that the problems ultimately will make for buying opportunities and better conditions for BDC managers. While waiting for those calmer, surer times, Thompson suggests sticking with older, more-established BDCs, particularly those that rode out the financial crisis of 2008.