Owl Rock's Packer: BDCs have been strong through pandemic and getting stronger

Craig Packer, co-founder, Owl Rock Capital Partners and chief executive officer at Owl Rock Capital Corp., says that business-development companies held up well through the pandemic -- noting that his own company has been making loans at rates that are twice the cost of the financing -- with better-than-expected performance which should only get better as the economy re-opens. He also discusses the impact of interest rates and inflation and more on lending activity, and whether booming activities in SPACs -- special purpose acquisition companies -- is having any impact or fallout on BDCs.