BDC Scrutiny

InvestmentNews had an article yesterday on regulatory interest in Business Development Companies (BDCs).  This is not a shock giving the amount money flowing into this sector, especially to Franklin Square's BDC.  People need to remember that BDCs are high yield investments with non-credit borrowers.  Non-credit doesn't mean bad credits.  BDCs should be viewed like junk bond funds, not some newly discovered income-generating nirvana.