KBDC

Kayne Anderson BDC

KBDC

Market cap $1.01B

Overview Fund Activity

14.37 USD

-0.04

0.28%

At close Updated Sep 16, 9:40 AM EDT

1 day

-0.28%

5 days

-6.08%

1 month

-5.21%

3 months

-8.12%

6 months

-14.16%

Year to date

-13.9%

1 year

-11.35%

5 years

-11.84%

10 years

-11.84%

About: Kayne Anderson BDC Inc is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company that invests primarily in first-lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle-market companies. Its investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through debt investments in middle-market companies.

Financials Asset Management

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

486% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 7

276% more capital invested

Capital invested by funds: $101M [Q1] → $382M (+$280M) [Q2]

200% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 3 (+2) [Q2]

73% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 11

26.45% more ownership

Funds ownership: 8.77% [Q1] → 35.22% (+26.45%) [Q2]

13% more funds holding

Funds holding: 62 [Q1] → 70 (+8) [Q2]

See Fund Rankings

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$16.5

15% upside

Avg. target

$16.5

15% upside

High target

$16.5

15% upside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

UBS

Doug Harter

$16.5

Neutral

Maintained

16 Jul 2025

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about KBDC published over the past 30 days

Kayne Anderson BDC, Inc. Announces the Successful Closing of a Private Placement of $200 Million of Senior Unsecured Notes

CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) (“KBDC” or the “Company”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, an affiliate of Kayne Anderson Capital Advisors, LP (“Kayne Anderson”), today announced the closing of a private placement offering of $200 million of senior unsecured notes (the “Series C, D and E Notes”). The private placement consisted of $40 million of floating rate Series C Notes with an interest rat.

Kayne Anderson BDC, Inc. Announces the Successful Closing of a Private Placement of $200 Million of Senior Unsecured Notes

6 Small Cap Dividends With Super-Sized Yields Of Up To 19%

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6 Small Cap Dividends With Super-Sized Yields Of Up To 19%

KBRA Assigns Rating to Kayne Anderson BDC, Inc.'s $200 Million Senior Unsecured Notes Due 2028 and 2030

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a rating of BBB to Kayne Anderson BDC, Inc.'s (NYSE: KBDC or "the company") $40 million floating rate senior unsecured notes due 2028, $60 million 5.80% senior unsecured notes due 2028, and $100 million 6.15% senior unsecured notes due 2030. The rating Outlook is Stable. The proceeds will be used to repay existing indebtedness and general corporate purposes. Key Credit Considerations The rating is supported by KBDC's diversified ~$2.2 billion investment p.

KBRA Assigns Rating to Kayne Anderson BDC, Inc.'s $200 Million Senior Unsecured Notes Due 2028 and 2030

Kayne Anderson BDC: Q1 Earnings Reveal The Dividend Isn't As Safe

I maintain my hold rating on KBDC due to weaker earnings and questionable dividend coverage despite a high yield and portfolio resilience. KBDC's portfolio remains defensively structured with low non-accruals, but rising PIK interest income signals borrower stress in a high-rate environment. Earnings and NAV have stagnated, expenses are rising, and capital deployment into new investments is at a twelve-month low, limiting growth prospects.

Kayne Anderson BDC: Q1 Earnings Reveal The Dividend Isn't As Safe

It's All Downhill For Most BDCs, Here Is My Approach

Q2 earnings confirmed my call for a market rotation in BDCs; quality bias and selectivity remain critical for outperformance. Structural headwinds—spread compression, falling base rates, and thin dividend coverage—signal elevated risk of further dividend cuts across the sector. Current sector repricing is insufficient for broad new BDC allocations; most remain unattractive except for select names with strong fundamentals.

It's All Downhill For Most BDCs, Here Is My Approach

Kayne Anderson BDC, Inc. (KBDC) Q2 2025 Earnings Call Transcript

Kayne Anderson BDC, Inc. (NYSE:KBDC ) Q2 2025 Earnings Conference Call August 12, 2025 11:00 AM ET Company Participants Andy Wedderburn-Maxwell - Corporate Participant Douglas L. Goodwillie - Co-CEO & Co-Chief Investment Officer Frank P.

Kayne Anderson BDC, Inc. (KBDC) Q2 2025 Earnings Call Transcript

Kayne Anderson BDC, Inc. Announces June 30, 2025 Financial Results and Declares Third Quarter 2025 Dividend of $0.40 Per Share

CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) (“KBDC or the Company”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, today announced its financial results for the second quarter ended June 30, 2025. Financial Highlights for the Quarter Ended June 30, 2025 Net investment income of $28.7 million, or $0.40 per share; Net asset value of $16.37 per share, decreased from $16.51 per share as of March 31, 2025, primarily the resu.

Kayne Anderson BDC, Inc. Announces June 30, 2025 Financial Results and Declares Third Quarter 2025 Dividend of $0.40 Per Share

Kayne Anderson BDC: Potential, But Nothing Special Yet

Kayne Anderson BDC, Inc.'s fundamentals are solid, with high first-lien loan exposure, low leverage, and ongoing share repurchases supporting a defensive profile. Despite portfolio growth and strong activity, declining net investment income and rising non-accruals raise concerns about dividend sustainability, especially as rates fall. KBDC stock trades at a slight discount to NAV, but limited upside and economic uncertainty keep me cautious and maintain my Hold rating.

Kayne Anderson BDC: Potential, But Nothing Special Yet

Kayne Anderson BDC, Inc. Announces Investment in SG Credit Partners, Inc., a Leading Lower Middle Market Credit Platform

CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) (“KBDC” or the “Company”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, an affiliate of Kayne Anderson Capital Advisors, LP (“Kayne Anderson”), today announced an investment in SG Credit Partners, Inc. (along with affiliates and subsidiaries; “SG Credit”), a national credit platform focused on the lower middle market to complement KBDC's middle market investing strategy. SG C.

Kayne Anderson BDC, Inc. Announces Investment in SG Credit Partners, Inc., a Leading Lower Middle Market Credit Platform

Kayne Anderson BDC, Inc. Announces Second Quarter 2025 Earnings Release and Conference Call

CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) (“KBDC”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, announced today that it will release its financial results for the second quarter ended June 30, 2025 on Monday, August 11, 2025, after the close of financial markets. KBDC will host a conference call at 10:00 am ET on Tuesday, August 12, 2025, to review its financial results. All interested parties are invited to partici.

Kayne Anderson BDC, Inc. Announces Second Quarter 2025 Earnings Release and Conference Call

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