non-traded BDC

also referred to as: non-traded bdcs

4 statements across 3 episodes · 1 bullish · 1 bearish · 3 people on the record · first statement May 19, 2025 by Eric Mogelof · across every show →

Everything said about non-traded BDC, oldest first

May 19, 2025 positive
Assertion Supported
Mogelof: Modern Fund Vehicles Expand Access Down to Non-Accredited Investors
“Through whether it's an interval fund, a tender offer fund, a non-traded BDC, an operating company, there are now a number of new vehicles that asset managers can utilize, which really widen the aperture for investors to invest. And that includes not just qual…”
Eric Mogelof May 19, 2025 ▶ 23:56 Eric Mogelof – KKR's Pivot to Private Wealth (Private Wealth 3, EP.446)
Jun 2, 2025 neutral
Assertion Supported
DeVeer: Retail Alternative Fund Fees Are Identical Across Major Managers
“If you were to launch a non-traded BDC today, you'd say, who are the biggest non-traded BDCs? What are their fees? Boom, by the way, they're all exactly the same, and they haven't moved much. That's true of the other asset classes as well, so everybody's a car…”
Kipp deVeer Jun 2, 2025 ▶ 28:56 Kipp deVeer – Scaling for Private Wealth Globally in Credit (Private Wealth 5, EP.449)
Mar 30, 2026 neutral
Assertion Partly supported
Non-traded BDCs exploded from zero to $350 billion in assets since 2018
“Zero to three hundred and fifty billion dollars in non-traded BDCs from 2018 to now. That's unprecedented.”
Kieran Goodwin Mar 30, 2026 ▶ 23:37 Kieran Goodwin – Private Credit Concerns (EP.494)
Mar 30, 2026 bearish
Opinion
Non-traded BDCs recreate the structural asset-liability mismatches of the past
“Maybe we do a non-traded BDC, which was now up to 2018. That's where I was like, well, this is the original asset liability mismatch that you tried to cure by doing a drawdown fund because You might have all the investors looking for the exit, even though it's…”
Kieran Goodwin Mar 30, 2026 ▶ 23:11 Kieran Goodwin – Private Credit Concerns (EP.494)
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