Alternative Investments
Middle-Market CLOs Explained: How BDCs Fund Their Loans Without Margin Calls
You own shares in a business development company (BDC) because you want exposure to private-credit yield without underwriting individual loans yourself. But the return you collect depends on how that...
Jeff Barnes, MBA··10 min read
Alternative Investments
BDC Investing in 2026: Yields, Risks, and How to Pick One
Business Development Companies (BDCs) pay average yields of 12.6% as of Q4 2025, give accredited investors direct exposure to middle-market private credit, and trade on public exchanges. The S&P BDC...
Jeff Barnes, MBA··12 min read