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9min chapter
Keith Smith - Looking At Unique Ideas
The Business Brew
Different Types of Business Development Companies (BDCs)
This chapter discusses the various types of BDCs, categorizing them based on their portfolio coverage ratios and distressed experience. It mentions BDCs with high coverage ratios and growing EBITDA, as well as larger BDCs with higher losses. The chapter also highlights the challenges and significant losses associated with the BDC business.
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