Non-Traded BDC Index - Q4 2024
- jackkearney54
- 4 days ago
- 1 min read
Q4 Performance Summary
Non-Traded BDCs: +2.6%
The SKRADD-BDC Index gained 2.6% in Q4, with all constituents reporting positive returns, most of which clustered in the 2.1% - 3.0% range.
Publicly Traded BDCs: +6.2%
After a flat Q3, listed BDCs rallied in Q4. The Fed dialed back its rate cut forecast for 2025, signaling base rates may stay higher for longer. That, combined with economic strength and continued borrower resiliency, helped reinforce investor confidence in direct lending as a reliable source of high current income.
Investment-Grade Bonds: -2.6%
After a strong Q3, bonds retreated 2.6% in Q4. The Fed's shift in posturing, driven by persistent inflation concerns, caused interest-rate sensitive bonds to fall.
Leveraged Loans: +2.5%
Leveraged loans posted a 2.5% return in Q4, supported by strong demand, limited supply, and sustained high interest rates.
Altidar High Return - Hancock Park Corp Income: +4.7%
Altidar Low Return - Steele Creek Capital Corporation: +0.6%
Download Report
For a deeper dive, download the full index update below. The report includes historical return trends, credit market benchmarks, and recent performance data for the non-traded BDCs featured on the Altidar platform.