DBRS: Business Development Companies – Who Are They and What Do They Do?

DBRS, Inc. (DBRS) published a commentary titled “DBRS: Business Development Companies – Who Are They and What Do They Do?”

BDCs growing presence in direct lending, focusing on middle market businesses, has increased investor awareness. DBRS sees BDCs as expanding where they see a growth opportunity. BDCs are generally formed as affiliates of larger asset managers, which have significant sourcing and servicing capabilities across the entire platform.