Скачать или смотреть How BDCs Power Founder-Owned Businesses | Michael Sarner on Lending in the Lower Middle Market

Michael Sarner breaks down how Business Development Companies (BDCs) fuel growth for founder-owned and lower-middle-market businesses. He explains why BDCs were created, how their structure forces nearly 100% of earnings to be paid out as dividends, and why they remain one of the most patient, strategic sources of capital for first-time institutional borrowers. Sarner also details how his team grew from lending to 10 sponsors to more than 150, why deal flow remains strong in the lower middle market, and how interest-rate uncertainty is reshaping M&A.

Watch The Full Episode:    • Why Lower Middle Market Deals Are Actually...  

This clip covers:
• How BDCs were designed to expand U.S. small-business lending
• Why BDCs must distribute almost 100% of earnings as dividends
• Lending structures for founder-owned businesses and first-time sellers
• Deal sizes, leverage levels, and equity co-invest practices
• Why lower-middle-market M&A remains active despite uncertainty
• How interest-rate clarity drives capital allocation and deal momentum
• Why accounting and healthcare services multiples have surged


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