Roberts Berzins, CFA 16.44K Followers

Summary

BDCs trade at a steep discount, but the risks the bears talk about most may not be the ones that matter.

One overlooked risk, hidden in loans made years ago, is already hurting several well-known names.

Some of the most popular BDCs may be more exposed than their results suggest, and the moment of truth is getting closer.

I explain why I'm capping my BDC allocation, which signals I'm watching for, and where I'm still finding value.

mustafaU/iStock via Getty Images

The BDC segment (BIZD) is subject to a myriad of risks. Each of these risks can form a decent bear case against investing in this space. Collectively, they have created a climate of fear, and the logical result

This article was written by

Roberts Berzins, CFA 16.44K Followers

Roberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings.…