Miner Company
SaaS Panic, BDC Opportunity
Recent SaaS-driven selloff has pushed BDC sector valuations to deep discounts, with a median P/NAV of 0.77x. Current BDC fundamentals remain robust, with no material uptick in non-accruals or SaaS-driven portfolio markdowns reported in Q4 results.
Recent SaaS-driven selloff has pushed BDC sector valuations to deep discounts, with a median P/NAV of 0.77x. Current BDC fundamentals remain robust, with no material uptick in non-accruals or SaaS-driven portfolio markdowns reported in Q4 results.