Maine is mentioned as an example of a publicly traded BDC that is perfectly liquid.
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The 10% Yield is Real (BDC Insider Explains)
This video discusses Business Development Companies (BDCs) and private credit, featuring Frank Carl, Managing Director of Kane Anderson Private Credit and President of Kane Anderson BDC (KBDC). The conversation clarifies that the high yields offered by BDCs are a structural feature, requiring them to distribute most of their income to shareholders to avoid corporate taxes, rather than a sign of distress. KBDC is highlighted as a publicly traded vehicle providing access to direct lending investments in middle-market companies.
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The creator explains that the high yield of Business Development Companies (BDCs) is structural and not a warning sign, but rather compensation for illiquidity and credit risk.
KBDC is the publicly listed vehicle that allows individual investors to own a slice of the loans originated by Kane Anderson Private Credit, which follows a value lending strategy.
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