BIZD: Private Credit Is Still In Trouble

REITer's Digest4.41K FollowersFollow5ShareSavePlay(13min)CommentsSummaryBIZD faces rising non-accruals and record redemption requests, pressuring business development companies.Massive $20B+ redemption requests have triggered gating and reduced management fees, signaling liquidity stress across private credit and BDC funds.I recommend actively managed BDC ETFs or high-quality, low-leverage BDCs like GLAD over indexed exposure via BIZD.BIZD is rated Hold; sector-wide challenges and consolidation risks outweigh the convenience of indexed exposure at this time.Gerville/iStock via Getty Images It's the end of the world as we know it…and I feel fine -R.E.M. I was walking past the office of Cliffwater in Marina Del Rey last week. For the asset manager who brought private creditThis article was written byREITer's Digest4.41K FollowersFollowREITer's DigestAnalyst’s Disclosure: I/we have a beneficial long position in the shares of GLAD, GAIN, MAIN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). 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.