Strategies

BDC

Launched in 2014, Radcliffe’s BDC strategy offers a unique approach that seeks to capitalize on investment grade bonds issued by Business Development Companies. These bonds benefit from regulatory downside protection which can exceed that of AAA CLO tranches. With HY-like yields, we believe that many BDC bonds offer the largest mispricing in the Investment Grade bond universe. Target net returns can rival those of Private Credit, without levered first loss exposure and without locking up capital.

We believe the strategy offers a superior liquid solution for private loan strategies and CLOs, as well as for Core Plus Fixed Income.

All investments are subject to risks including the possible loss of principal. This description contains opinions and expectations regarding the marketplace and the strategy, as well as descriptions of current and potential investment processes.  There is no guarantee that our expectations will be met.  Radcliffe may change its investment process without notice at any time. 

Fact Sheet
Deck
Insights & News
Dec 3, 2024

Steve Katznelson, Jaclyn Gardner, and Mike Gordon give an update on Radcliffe’s BDC Strategy. x Request for Article