Core Insights - FS KKR Capital Corp (FSK) is highlighted as a significant business development company (BDC) that was included in the portfolio in late 2023, indicating its potential as an investment opportunity [1] Company Overview - FS KKR Capital Corp is recognized as one of the first BDCs covered by the analyst, suggesting its established presence in the market [1] Analyst Background - The analyst, Roberts Berzins, has over a decade of experience in financial management, focusing on helping top-tier corporates with financial strategies and large-scale financings [1] - Berzins has contributed to institutionalizing the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [1] - His work includes developing national SOE financing guidelines and frameworks for channeling private capital into affordable housing [1] - Berzins holds a CFA Charter and an ESG investing certificate, and has experience from an internship at the Chicago Board of Trade [1]

Core Insights - The article discusses the Q2 2025 earnings report of Nuveen Churchill Direct Lending Corp. (NCDL) and the considerations for investment decisions based on its performance [1] Group 1: Company Overview - Nuveen Churchill Direct Lending Corp. (NCDL) is evaluated for its investment potential following its Q2 2025 earnings report [1] Group 2: Analyst Background - Roberts Berzins has over a decade of experience in financial management, focusing on corporate financial strategies and large-scale financings [1] - Berzins has contributed to institutionalizing the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [1] - His work includes developing national SOE financing guidelines and frameworks for channeling private capital into affordable housing [1]

Core Viewpoint - Concerns regarding the impact of lower interest rates on Business Development Companies (BDCs) earnings have been exaggerated [1] Group 1: Analyst Background - Roberts Berzins has over a decade of experience in financial management, assisting top-tier corporates in shaping financial strategies and executing large-scale financings [2] - He has contributed to institutionalizing the REIT framework in Latvia to enhance the liquidity of pan-Baltic capital markets [2] - His policy-level work includes developing national SOE financing guidelines and frameworks for channeling private capital into affordable housing [2] Group 2: Analyst's Position - The analyst holds a beneficial long position in the shares of KBDC and FDUS through stock ownership, options, or other derivatives [3]

Group 1 - Morgan Stanley Direct Lending Fund (MSDL) has gained significant attention from analysts and investors due to recent volatility affecting its share price [1] - The share price of MSDL has experienced extreme fluctuations, prompting interest from the investment community [1] Group 2 - Roberts Berzins has over a decade of experience in financial management, focusing on shaping financial strategies for top-tier corporates [1] - Berzins has contributed to institutionalizing the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [1] - His work includes developing national SOE financing guidelines and frameworks for channeling private capital into affordable housing [1]

Core Insights - Blue Owl Capital (OWL) has experienced a significant decline in share price, dropping over 30% this year due to stagnating earnings growth and increased associated risks [1] Group 1: Company Performance - OWL's share price has decreased by more than 30% in the current year [1] - The decline is attributed to stagnating earnings growth [1] - Increased risks are linked to the company's financial performance [1] Group 2: Management and Strategy - Roberts Berzins has over a decade of experience in financial management, aiding top-tier corporates in shaping financial strategies [1] - He has contributed to institutionalizing the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [1] - Berzins has also worked on developing national SOE financing guidelines and frameworks for channeling private capital into affordable housing [1]

Group 1 - The BDC Q3 earnings season is in its early stages, with only two reports from 'blue-chip' BDCs that are known for long-term buy and hold strategies [1] - Roberts Berzins has over a decade of experience in financial management, focusing on shaping financial strategies for top-tier corporates and executing large-scale financings [1] - Berzins has contributed to institutionalizing the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [1] Group 2 - Berzins has been involved in developing national SOE financing guidelines and frameworks to channel private capital into affordable housing [1] - He holds a CFA Charter and an ESG investing certificate, and has experience with the Chicago Board of Trade [1] - Berzins is actively engaged in thought-leadership activities to support the development of pan-Baltic capital markets [1]

Group 1 - There is a general shortage of income-producing assets that provide high yields, starting from 7% or 8%, which are considered sustainable for retirement income portfolios as cash flow enhancers and diversifiers [1] Group 2 - Roberts Berzins has over a decade of experience in financial management, assisting top-tier corporates in shaping financial strategies and executing large-scale financings [2] - Significant efforts have been made to institutionalize the REIT framework in Latvia to enhance the liquidity of pan-Baltic capital markets [2] - Development of national SOE financing guidelines and frameworks for channeling private capital into affordable housing stock has been part of the policy-level work [2]

Core Insights - The article highlights the extensive experience of Roberts Berzins in financial management, particularly in shaping financial strategies for top-tier corporates and executing large-scale financings [1] - It emphasizes Berzins' contributions to institutionalizing the REIT framework in Latvia, aimed at enhancing the liquidity of pan-Baltic capital markets [1] - The article also notes Berzins' involvement in developing national SOE financing guidelines and frameworks to channel private capital into affordable housing [1] Group 1 - Roberts Berzins has over a decade of experience in financial management, assisting corporates with financial strategies and large-scale financings [1] - Significant efforts have been made by Berzins to institutionalize the REIT framework in Latvia, which is expected to boost liquidity in pan-Baltic capital markets [1] - Berzins has contributed to policy-level work, including the development of national SOE financing guidelines and frameworks for private capital in affordable housing [1] Group 2 - Berzins is a CFA Charterholder and holds an ESG investing certificate, indicating a strong foundation in investment principles and sustainable investing [1] - He has experience with the Chicago Board of Trade, showcasing his international exposure despite residing in Latvia [1] - Berzins is actively engaged in thought-leadership activities to support the development of pan-Baltic capital markets [1]

Group 1 - The article highlights that the analyst has not issued any positive commentary on Blue Owl Capital Corporation, which is noted as the third largest Business Development Company (BDC) by Net Asset Value (NAV) [1] Group 2 - Roberts Berzins is recognized for his extensive experience in financial management, particularly in shaping financial strategies for top-tier corporates and executing large-scale financings [2] - His contributions include efforts to institutionalize the Real Estate Investment Trust (REIT) framework in Latvia to enhance liquidity in pan-Baltic capital markets [2] - Berzins has also been involved in developing national State-Owned Enterprise (SOE) financing guidelines and frameworks to channel private capital into affordable housing [2]

Core Insights - The article highlights the extensive experience of Roberts Berzins in financial management, particularly in shaping financial strategies for top-tier corporates and executing large-scale financings [1] - It emphasizes Berzins' contributions to institutionalizing the REIT framework in Latvia, aimed at enhancing the liquidity of pan-Baltic capital markets [1] - The article also notes Berzins' involvement in developing national SOE financing guidelines and frameworks to channel private capital into affordable housing [1] Group 1 - Roberts Berzins has over a decade of experience in financial management, assisting corporates with financial strategies and large-scale financings [1] - Significant efforts have been made by Berzins to institutionalize the REIT framework in Latvia, which is expected to boost liquidity in the pan-Baltic capital markets [1] - Berzins has contributed to policy-level work, including the development of national SOE financing guidelines and frameworks for private capital in affordable housing [1] Group 2 - Berzins is a CFA Charterholder and holds an ESG investing certificate, indicating a strong foundation in investment principles and sustainable investing [1] - He has experience from an internship at the Chicago Board of Trade, despite being based in Latvia, showcasing a diverse background in financial markets [1] - Berzins is actively engaged in thought-leadership activities to support the development of pan-Baltic capital markets [1]