Company Profile
- Formed in 2021, Kayne Anderson BDC, Inc. (NYSE: KBDC) (“the company”) is a publicly traded closed-end business development company (“BDC”) that provides capital almost exclusively in the form of first lien senior secured loans, largely to middle-market U.S. companies. The company had a recent market capitalization of ~$1.2 billion. KBDC has elected to be treated, and intends to qualify annually, as a regulated investment company (“RIC”) for federal income tax purposes. On May 22, 2024, the company began trading on the NYSE.
- KBDC is externally managed by KA Credit Advisors, LLC (“Adviser”), an indirect subsidiary of Kayne Anderson Capital Advisers, L.P. (“KACALP”), an investment firm with $38 billion in AUM, including $7.3 billion through Kayne Anderson Private Credit (“KAPC”) with 150 investment professionals.