Middle Market & Private Credit – 7/29/2024

Comparing Business Development Companies and Middle Market Collateralized Loan Obligations (Part 1)

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While the expansion in private credit has attracted widespread media attention in recent years, direct lending has been around for several decades and remains the largest segment of private credit. Two of the most prominent financing vehicles in direct lending are business development companies (BDCs) and middle market collateralized loan obligations (MM CLOs).