NEWSROOM

BDC Quarterly Wrap: 2Q24

September 12, 2024 – The BDC Quarterly Wrap highlights select data points to provide a readout on BDC growth, structure, financing and asset quality. For context, growth data includes the entire BDC universe, which consists of 155 funds; all other data captures BDCs reporting financials by August 19th, representing a universe of 151 funds.

According to a September 3rd Fitch Ratings report, the majority of PIK income reported in BDCs comes from such flexible structures for performing credits with good growth prospects. In these cases, borrowers are allowed to PIK a portion of interest for a period of time, often around two years. In 2Q24, new PIK investments accounted for 5.6% of new investments in BDCs, down from 6.27% in 1Q24, according to SOLVE.

About SOLVE

Only the Solve Platform comes with Deep Market Insight™

The most complete and accurate Fixed Income Data, Analytics, and Workflow tools available. Gain the unique insights you need to buy, sell or value Fixed Income securities quickly and with confidence.

Stay up-to-date on the latest from Solve

Read the latest from our team

  • Credit Default Swaps

    Investment Grade CDS Market Summary – September 2024

    Our newsletter presents key trends derived from observable Credit Default Swaps pricing data over a monthly period.

  • Credit Default Swaps

    High Yield CDS Market Summary – September 2024

    Our newsletter presents key trends derived from observable Credit Default Swaps pricing data over a monthly period.