hard · Private Credit fund-structures-returns-economics
A Business Development Company (BDC) with $450M in net assets (equity) has opted into the modified asset coverage requirements established by the Small Business Credit Availability Act (SBCAA) of 2018.
If the BDC maintains a 10% cash buffer and maximizes its new regulatory leverage capacity, what is the maximum total investment portfolio value it can support?
- $1,215M
- $810M
- $1,350M
- $900M
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