Business Development Companies Face Pressure but Not All Are Impacted Equally

Shares of business development companies (BDCs) have experienced significant pressure in the first half of the year, with Bloomberg Intelligence data showing a median return decline of about 7%, marking the weakest performance since 2022. Randy Schummer, Vice Chair and Chief Investment Strategist at Churchill Asset Management, addressed these concerns on the program, emphasizing that not all BDCs should be viewed the same way. He speaks with Romaine Bostick & Katie Greifeld on "The Close."