Core Insights - The BDC market is currently facing challenges, with a sector median P/NAV of 0.79x indicating a high discount rate assigned to BDC valuations [1] Group 1: Market Conditions - The BDC market is experiencing difficult times, reflected in the relatively high discount rate impacting valuations [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] - He has contributed to institutionalizing the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [1] - His policy-level work includes developing national SOE financing guidelines and frameworks for channeling private capital into affordable housing [1]