BDC origination activity expected to decline in 2022 but remain robust

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After a record setting 2021 and a slower start to 2022, BDC origination activity is expected to decline this year, according to the recent Refinitiv LPC BDC Outlook Survey. Based on responses from a cross section of BDC managers, direct lenders, research analysts and valuations professionals, 61% of survey participants expect a decline in originations in 2022, with 28% forecasting a drop of more than 10% year-over-year.