Research Exchange: June 2026
By
Will Bonner
2d ago
Source
Bank Policy InstituteResearch Exchange: June 2026bpi.comSelected Outside Research The Funding Structure of Direct Lenders This paper investigates the funding structure of public and private business development companies (BDCs) and related financial fragility issues. The analysis highlights the differing roles of secured bank revolvers, SPV facilities (bank credit lines secured against pledged loan pools), securitized CLO issuance and unsecured notes in funding … The post Research Exchange: June 2026 appeared first on Bank Policy Institute .
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