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Non-Accruals PART II: What about lower middle market defaults? Higher, but even harder to assess

Posted by Kelly Thompson, Direct Lending Deals on Sep 11, 2019 3:34:52 PM

Last week’s look at BDC non-accruals showed an overall rate that still ran below historical norms, but what about the lower middle market? All BDCs invest in these names —that’s the nature of the business— but some drill down more than others.

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Topics: BDC, debt, business development company, Non-accruals, portfolio, Direct Lending, underperformers, Direct Lending Deals

BDC portfolios show little pain in non-accruals for 2Q19, steady ahead

Posted by Kelly Thompson, Direct Lending Deals on Sep 5, 2019 8:59:00 AM

Macro economic factors — tariffs on Chinese goods, political unrest in Hong Kong and Brexit among them — have returned volatility to capital markets, however direct lending has plowed onward with few upsets. 

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Topics: BDC, debt, business development company, Non-accruals, portfolio, Direct Lending, underperformers, Direct Lending Deals


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