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Josh Clarkson - Alternative Credit

The Business Brew

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The Evolution of Sponsorship in the BDC Space

The evolution to focusing on large cap sponsor thesis has definitely been an improvement for the kind of BDC investor. I have clients who when they look at their private credit investments, it's over 100%. And importantly, in the unfortunate situation where a company really runs into some trouble and the sponsor reaches a point where they don't want to continue capitalizing the company,. Many of these BDCs that are part of large diversified multi strategy alternatives firms or just do have the resources internally, they can take over ownership of the company.

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