Fri, Jun 12, 2020
Bob Bartell Shares His Views on Publicly Traded Business Development Companies
Bob Bartell, Global Head of Corporate Finance at Duff & Phelps, was recently interviewed by Private Debt Investor on the second quarter outlook for many publicly traded business development companies (BDCs). July is predicted to be one of the toughest months yet, as this is when BDCs will declare their second-quarter results. With analysts forecasting a significant drop in the U.S. GDP this quarter, and the mounting pressure on small and medium business financed by BDCs, the results are expected to be grim.
Bob comments, “The biggest challenge is that companies need liquidity to get through the next three to six months,”. He adds that, “There is definitely going to be a short-term pause with abrupt and severe actions. No one is even able to transact.”
Private Debt Investor subscribers can read the full article here.
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