BDCs and Private Credit

• Increased interest in Business Development Companies (BDCs) reflects a broader interest in private credit.
• Investors seek ways to access private credit, and BDCs offer a unique entry point, especially for those looking beyond large established funds.
• BDC stock prices can be volatile, influenced by the stock market, even when their underlying business isn't directly correlated.
• More stability in BDC valuations is expected as the market matures, and investor understanding of their mechanics deepens.
• Trinity Capital aims to be the top-performing BDC with stable NAV, growing EPS, and high ROE.