Alternative Credit Investor: BDCs remain resilient despite rise in redemptions
Alternative Credit Investor: BDCs remain resilient despite rise in redemptions
February 19, 2026
1 min read
Portfolio fundamentals and diversification trends point to a more resilient BDC landscape.
Despite redemption pressure, performance dispersion, and rate-driven sentiment shifts, BDC fundamentals remain intact. SOLVE data shows healthy portfolio marks and declining PIK usage, while assets have surpassed $500bn. Sourav Srimal notes that although larger deals are appearing across multiple BDC portfolios, concentration risk is trending down, with top-10 holdings now representing a smaller share of aggregate exposure — a constructive signal for diversification.
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in Fixed Income markets.