Shares of private credit business development companies (BDCs) are currently trading at their widest discounts to net asset value in more than five years, reflecting growing investor caution over valuation accuracy and sector risk, according to a report by Reuters citing LSEG data.
The median price-to-forward 12-month NAV ratio for listed BDCs stood at around 0.74 at the end of March, implying a discount of roughly 26% – the steepest gap since October 2020. The data suggests rising scepticism ar...
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