One of the key challenges in retirement-focused strategies is to hit the necessary income or portfolio value goal in a timely manner. Namely, it is oftentimes difficult to, say, build a $5,000 monthly income producing portfolio within a timeframe that would still leave a decentRoberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT ...

Typically, BDCs (or business development companies) are not associated with retirement income investing. This is because the level of risk that is embedded in the BDCs is simply too high for what could be considered prudent in the context of retirement income.Roberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latv ...

Core Insights - Kayne Anderson BDC, Inc. (NYSE: KBDC) is highlighted as a significant holding in the portfolio, with a focus on its performance since its IPO in October 2024 [1] - The company is led by Roberts Berzins, who has over a decade of experience in financial management and has contributed to the development of financial strategies for top-tier corporates [1] - Berzins has played a key role in institutionalizing the REIT framework in Latvia, aimed at enhancing liquidity in pan-Baltic capital markets [1] Company Overview - Kayne Anderson BDC, Inc. is recognized for its strategic initiatives in the financial sector, particularly in the Baltic region [1] - The company has been involved in policy-level work, including the creation of national SOE financing guidelines and frameworks to attract private capital into affordable housing [1] - Roberts Berzins holds a CFA Charter and an ESG investing certificate, indicating a strong commitment to sustainable investment practices [1] Leadership and Expertise - The leadership of Roberts Berzins is emphasized, showcasing his extensive background and contributions to financial management and capital market development [1] - Berzins has experience with the Chicago Board of Trade, which adds to his credibility in financial markets despite being based in Latvia [1] - His involvement in "thought-leadership" activities further supports the advancement of pan-Baltic capital markets [1]

Exhibit 99.1 Kayne Anderson BDC, Inc. Announces March 31, 2025 Financial Results and Declares Second Quarter 2025 Dividend of $0.40 Per Share CHICAGO--(BUSINESS WIRE)-- Kayne Anderson BDC, Inc. (NYSE: KBDC) ("KBDC or the Company"), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, today announced its financial results for the first quarter ended March 31, 2025. "We are pleased to report one of our strongest first quarters of investment activity since KBDC' ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-01363 Kayne Anderson BDC, Inc. | Delaware | 83-0531326 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification ...

The only exception to this is diversification, which is commonly referred to as the only true freeOne of the core principles in investing is that in order to achieve greater returns, the risk level has to be increased.Roberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity of pan-Baltic ca ...

On February 24, this year, I established a separate investment account specifically for my BDC investments. The idea with this account is to better track and measure the performance of BDCs so that I could, among other things, share the progress with you in aRoberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvi ...

Lately, I have been thinking more and more about my BDC portfolio and how the underlying picks could perform going forward considering the multiplicity of risk that stem, primarily, from the current policymaking arena.Roberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity of pan-Baltic ca ...

Financial Data and Key Metrics Changes - In Q4 2024, the company reported net investment income of $0.48 per share and net income of $0.50 per share, compared to $0.53 per share in the previous quarter [8][23] - Total investment income decreased to $56.3 million from $57.8 million in the prior quarter, primarily due to a reduction in SOFR and the impact of placing Sundance on non-accrual status [23][24] - Total expenses increased to $22.3 million from $20.8 million, mainly due to higher interest expenses and excise tax [25] Business Line Data and Key Metrics Changes - The company made $231 million in total commitments across 16 businesses in Q4 2024, up from $153 million in Q4 2023 [9] - Fundings in Q4 2024 totaled $209 million, compared to $184 million in Q4 2023 [10] - The debt-to-equity ratio increased to 0.72 times from 0.66 times in the previous quarter [12][28] Market Data and Key Metrics Changes - Middle market sponsor loan volumes increased by 96% in Q4 2024 compared to Q4 2023, and by 86% for the entire year [20] - The existing portfolio of private middle market investments has a weighted average spread over SOFR of approximately 609 basis points [21] Company Strategy and Development Direction - The company plans to continue winding down its broadly syndicated loan portfolio and focus on private middle market investments [11] - The first quarter of 2025 is expected to be one of the largest origination quarters since inception, indicating a strong growth trajectory [14][28] - The company aims to achieve the low end of its debt-to-equity target range of 1 to 1.25 times by mid-2025 [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of middle market private credit, even during economic downturns [18] - The company is optimistic about the stability of spreads and the availability of risk-adjusted lending opportunities [21][22] Other Important Information - The company declared a regular dividend of $0.40 per share for Q1 2025 and plans to distribute two special dividends of $0.10 per share in March and June 2025 [32][33] - As of December 31, total assets were $2.08 billion, and net assets were $1.2 billion, with a net asset value of $16.70 per share [27] Q&A Session Summary Question: Does the expectation to achieve target leverage include rotating the broadly syndicated loan portfolio? - Management clarified that the expectation does not include the rotation of the broadly syndicated loan portfolio and is based on current investment activity [36][37] Question: What is the assessment of risks related to borrowers and tariffs? - Management indicated that the portfolio has minimal exposure to government funding risks and assessed tariff risks, noting that most borrowers have the ability to flex pricing [38][39][42] Question: How have leverage multiples and covenants held up in the current market? - Management reported that leverage has remained consistent, with new investment activity around four times, and noted a slight decrease in closing fees [50][52][54]

KAYNE ANDERSON BDC, INC. EARNINGS PRESENTATION Fourth Quarter 2024 KAYNEBDC.COM Disclaimer and Forward-Looking Statement This presentation may contain "forward-looking statements" that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about Kayne Anderson ...