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Hedge Fund
2024 BDC Performance Overview
2024 was a solid year for BDCs. Dividends held up, offsetting some rocky credit performance and slow deal pace. As expected, dispersion of results was high, giving active managers a chance. This year might be more difficult with the full effect of lower base rates and the potential for banks to have a freer hand competing with private credit for deals. Hopefully a more active M&A environment will help offset those headwinds.