Kayne Anderson BDC, Inc. (KBDC)
Kayne Anderson BDC, Inc. operates in the Asset Management industry of the Financial Services sector, headquartered in Houston, TX, US. The stock last traded at $13.04, up 0.38% on the session, giving a market capitalisation of $865.2M. On trailing twelve-month figures it carries a trailing P/E of 11.96, a net margin of 37.8%. Its beta of 0.45 implies it has historically moved less than the broad market.
Kayne Anderson BDC, Inc. is business development company and an externally managed, closed-end, non-diversified management investment company that intends to elect to be regulated as a BDC under the 1940 Act. The fund seeks to make investments in middle-market companies. It also makes debt investments in middle-market companies and investing primarily in first lien senior secured, unitranche, and split-lien loans to privately held middle-market companies. The fund considers between 80% and 90% of its portfolio (including investments purchased with proceeds from borrowings) will be invested in first lien senior secured, unitranche and split-lien term loans. The remaining 10% to 20% of its portfolio will be invested in higher-yielding investments, including, but not limited to, second lien loans, last-out or subordinated loans, non-investment grade broadly syndicated leveraged loans, high-yield bonds, structured products (including CLO liabilities), real estate related debt securities, equity securities purchased in conjunction with debt investments and other opportunistic investments.
Kayne Anderson BDC, Inc. is most often compared with the following Financial Services names: