Public BDCs: An Expensive High Dividend Stock Substitute or a Private Debt “Liquid Alternative”?

By Mary Bates, Director of Credit Strategies at Silver Creek Capital   As interest in liquid alternatives surges and the search for yield continues, public Business Development Companies (“BDCs”) have received significant institutional interest. These REIT-like vehicles, which have historically focused on the retail market, appear very attractive at first blush, offering yields above traditional […] Read more »