Barings Bdc Q4 Earnings Call Highlights

Management highlighted that Barings-originated positions represented 96% of the portfolio at fair value at quarter-end, up from 76% at the beginning of 2022. The weighted average yield at fair value was 9.6% , which management said was slightly lower than the prior quarter primarily due to lower base rates.Executives said the company continues to rotate out of legacy holdings acquired through the MVC Capital and Sierra transactions. McDonnell said the firm accelerated rotation of the Sierra portfolio during ...