BlackRock Capital Investment Corporation (BKCC) executives defended what they labelled as a mixed performance in their quarterly earnings call yesterday (28 April). The BDC's management encouraged analysts to view the company's Q1 results as driven by investments in legacy assets rather than systemic issues at the BDC. BKCC chairman and chief executive officer Steven Sterling also said that the company's view of its investments and portfolio were shaped by a low growth and high risk economy.
Disappointing Q1 discussed by BlackRock BDC
BlackRock’s BDC focuses on macro headwinds and idiosyncrasies in legacy investments while presenting mixed results for 2016 thus far.
