Thus far in 2018, BDCs as a sector have rallied. This is attributable perhaps to tax reform tailwinds and the fact that a number of companies were oversold and, as a result, somewhat undervalued. Through mid-year (June 30, 2018), the Wilshire BDC Index produced a total return of 4.62 percent. To get a deeper perspective on the BDC market, we spoke with a group of professionals—both from within KPMG, as well as subject-matter experts from outside firms that service the BDC community—who are highly qualified to comment on a broad cross section of topics that are central to the ongoing viability of this evolving space.
This new white paper summarizes their insights and a number of themes relevant to the BDC space.