Barings BDC: One Of The Few Deals In The BDC Sector

Seiya Tabuchi Overview The Business Development Company sector has proved to be one of the best places to have capital allocated during this higher interest rate environment. However, the strong performance of the sector has caused many of the most popular BDCs to trade at premiums to NAV (net asset value) that are significantly higher than what is considered normal. For example, I recently covered Golub Capital (GBDC) that is an extremely high quality BDC, but the price sits at such a large premium to  ...