Retail income investors looking for exposure to privately held companies have been supporting Business Development Companies, known as BDCs, in the market in 2021 and over the past year. BDCs have bounced back, outpacing the S&P 500 over the past year and so far in 2021, including the past month and quarter.
Ares Capital Corp. (ARCC), is a large U.S. direct lender with a $17.1 billion portfolio. It has been the largest BDC for the past several years, although there are recent mergers which are creating similar size competitors. ARCC has lagged BDC averages and the broad Financial sector over the past year and so far in 2021, but has outperformed them in the past month and quarter.
Source: Seeking Alpha
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Posted by D4L | Tuesday, August 24, 2021 | ArticleLinks | 0 comments »________________________________________________________________
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