67 WALL STREET, New York - December 17, 2013 - The Wall Street Transcript has just published its Business Development Companies Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: BDC Risk/Reward Profile - Business Development Companies Historical Overview - Yield Compression Issues - Internally and Externally Managed BDCs - BDC Dividend Growth
Companies include: THL Credit, Inc. (TCRD) and many more.
In the following excerpt from the Business Development Companies Report, the Chairman, CEO and Chief Investment Officer of THL Credit, Inc. (TCRD) discusses company strategy and the outlook for this vital industry:
TWST: How would you differentiate THL Credit from other BDCs with a similar investment style? What are your competitive differences?
Mr. Hunt: There's a couple. I think that we do benefit from the scale and scope of our platform. Having the industry expertise of Senior Loan Strategies available to make us faster, smarter and better, with respect to the more bespoke direct-lending side of the business. That's a huge plus. So one, I would say, is the scope and breadth of our platform. Two, direct lending and bank loans are highly complementary, so there's skill sets and knowledge that are supplemental to generating differentiated investment opportunities for both sides of the business.
Broadly across the group, I think the access to credit and origination resources and industry specialization benefits all of the 30-plus investment professionals on the team. I think the depth and breadth of our relationship network in debt capital and private equity markets is compellingly strong. We cover about 1,000 investment opportunity sources, 750 middle-market private equity firms, about 300 investment bankers who are intermediaries for opportunities and that national origination footprint among five offices. I think we've got it down to a system, where we've effectively blanketed the market.
TWST: What are the biggest challenges that you're grappling with at this time from an investment standpoint?
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.