The Prospects Of FS KKR Beating Ares Capital Have Increased After Q4

imaginima Going into 2024, I issued an article comparing two largest BDCs: Ares Capital (NASDAQ:ARCC) vs FS KKR Capital (NYSE:FSK). The bottom line was that both BDCs are attractive and positioned to deliver solid long-term returns. Yet, my recommendation was more skewed towards FSK as it had the necessary characteristics to register alpha in the case of favorable systematic factors such as low defaults and active transactions across the board. Ycharts Entering the year, the thesis started to play out n ...