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BDC sector faces headwinds as BXSL hit by loan markdown and BCRED's NAV drops amid rising non-accruals.

Market News
02 May 2026
Seeking Alpha
View Source
Bearish
pluang ai news

Business Development Companies (BDCs) underperformed in late April, with BXSL notably affected by a loan markdown related to Medallia. Despite strong 18% year-on-year revenue growth in the software sector supporting private credit, BCRED experienced a rise in non-accrual loans in Q1 and a 2.5% decline in its net asset value (NAV), indicating broader challenges in the BDC sector. These developments highlight ongoing market concerns and potential risks for investors in BDCs. Systematic Income members have exclusive access to detailed portfolio insights and investment updates.

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