Equity Overview
Price & Market Data
Price: $15.78
Daily Change: -$0.21 / 1.33%
Range: $15.74 - $16.08
Market Cap: $1,118,538,368
Volume: 78,305
Performance Metrics
1 Week: -0.06%
1 Month: -2.04%
3 Months: -4.22%
6 Months: -5.66%
1 Year: -1.43%
YTD: -3.44%
Details
Kayne Anderson BDC, Inc. is business development company and an externally managed, closed-end, non-diversified management investment company that intends to elect to be regulated as a BDC under the 1940 Act. The fund seeks to make investments in middle-market companies. It also makes debt investments in middle-market companies and investing primarily in first lien senior secured, unitranche, and split-lien loans to privately held middle-market companies. The fund considers between 80% and 90% of its portfolio (including investments purchased with proceeds from borrowings) will be invested in first lien senior secured, unitranche and split-lien term loans. The remaining 10% to 20% of its portfolio will be invested in higher-yielding investments, including, but not limited to, second lien loans, last-out or subordinated loans, non-investment grade broadly syndicated leveraged loans, high-yield bonds, structured products (including CLO liabilities), real estate related debt securities, equity securities purchased in conjunction with debt investments and other opportunistic investments.