BDC Reporter's Marshi sees a 'golden age' ahead

Nicholas Marshi, editor of the BDC Reporter says that business development companies are heading into 'a bit of a golden age' over the few years as a result of low interest rates continuing to help with the cost of capital, improved credit conditions generally, and thanks to mergers that have swallowed up some of the weaker players in the field. It all combines to make Marshi's take on the BDC sector as good as it has ever been in his two decades covering the field. Marshi also gives his take on the sector's second-quarter earnings picture, which looks like it will see nearly all BDCs return to record NAV levels, completing the strong bounceback from a disastrous fall early in 2020.