BDC Weekly Review: Private BDC Q2 Numbers Are Strong

ADS Analytics Investing Group Leader Follow Summary We take a look at the action in business development companies through the last week of July and highlight some of the key themes we are watching. Business Development Companies (BDCs) ended July slightly lower as Q2 earnings season begins. HTGC posted a strong 5.7% total NAV return for Q2, driven by higher fees and lower compensation, while maintaining low non-accruals and reduced leverage. ARCC delivered a 1.3% Q2 NAV return, with stable core NII and portfolio yield, but non-accruals rose to the highest level since 2021. Looking for a helping hand in the market? Members of Systematic Income get exclusive ideas and guidance to navigate any climate. Learn More » FabrikaCr/iStock via Getty Images Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company [BDC] sector from both the bottom-up, highlighting individual news and events, as well as the top-down, providing an overview of the This article was written by ADS Analytics 13.69K Followers Follow ADS Analytics is a team of analysts with experience in research and trading departments at several industry-leading global investment banks. They focus on generating income ideas from a range of security types including: CEFs, ETFs and mutual funds, BDCs as well as individual preferred stocks and baby bonds.ADS Analytics runs the investing group Systematic Income which features 3 different portfolios for a range of yield targets as well interactive tools for investors, daily updates and a vibrant community. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.