Kayne Anderson BDC, Inc.

Based in Houston, Texas, Kayne Anderson BDC, Inc. operates as an externally managed, closed-end investment company regulated as a business development company under the Investment Company Act of 1940. The firm focuses on providing debt financing to middle-market companies through direct lending arrangements.

The company's investment strategy centers on originating and managing first lien senior secured, unitranche, and split-lien term loans to privately held middle-market businesses, which typically comprise 80–90% of its portfolio. The remaining allocation targets higher-yielding opportunities, including second lien loans, subordinated debt, broadly syndicated leveraged loans, high-yield bonds, structured products such as CLO liabilities, real estate-related debt securities, and select equity co-investments made alongside debt positions.

As an externally managed BDC, Kayne Anderson sources capital from public markets and utilizes leverage through borrowings to expand its lending capacity. The firm operates with a non-diversified investment mandate, allowing concentration in specific borrowers or industries based on investment merit. Geographic and operational scale details regarding employee count or asset management volumes are not specified in available information.