Chris Oberbeck was recently featured on The Navigator Podcast with Chuck Jaffe, listen to the podcast episode here.
“Chris Oberbeck, chairman and chief executive officer at Saratoga Investment Corp., says that the structure of business-development companies — which allows assets to increase in value when interest rates rise, while keeping liabilities fixed, thereby raising spreads — makes them particularly attractive to investors looking for better real yields in a rising-rate environment. Oberbeck explains, generally, how BDCs will be able to weather the first rate increase, whenever it happens, with much less impact than most income investments will experience.”