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It's Likely a Good Time to Deploy Capital Raymond James...very brief clip.... It's Likely a Good Time to Deploy Capital - But Who Has Dry Powder? The key point: After a record year for BDC originations, the bulk of our coverage is fully funded with leverage generally at/within target ranges. Anecdotally from 1Q22 earnings call commentary, we believe a number of BDCs expected repayments in 2Q22 to result in natural deleveraging – but repayments rates in the BSL market have plunged YTD. We view the environment today to likely be attractive for BDC deployments given widening deployment spreads and (potentially) less competition after a frothy 2021 – a number of names under coverage (CCAP, FDUS, GLAD, PNNT, PSEC & TSLX) still have room to grow portfolios. |
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Msg # | Subject | Author | Recs | Date Posted |
3797 | Re: It's Likely a Good Time to Deploy Capital | PinewoodsBear | 3 | 6/29/2022 3:36:34 PM |