Business development company managers are seeking creative ways to increase their portfolio yields in the best risk-adjusted manner. The BDC leverage limitation of one-to-one as outlined in the Investment Company Act of 1940 (the 40 Act) prevents them from increasing their direct leverage.
Sean Dougherty
Sean is a JD/CPA with extensive experience working in the middle market loan industry and with middle market CLOs. He was an initial member of CIFC's (a public leveraged loan investment manager) executive team where he was responsible for the issuance of 7 CLOs and numerous warehouse facilities.
Prior to that experience, Sean was a Director in S&P's CDO rating group, where he specialized in rating middle market CLOs.
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Topics: Middle Market, joint ventures, business development company
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