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Fair value erosion in business development company loan portfolios has long defied industry-wide measurement.
BDCs mark their books to fair value each quarter, but those marks scatter across individual regulatory filings with no single aggregator having previously covered nearly the full universe.
9fin, the AI-native information platform for global debt markets, announced on July 16 that it has launched a comprehensive BDC Watchlist and flagged $5.7 billion in loans as at risk, using proprietary data to produce what the company describes as a first for the industry.
The tracking gap this product fills The fair value mark is where BDC credit quality becomes visible.
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