BDC With 2% Software Exposure Pitches Itself as a ‘Safe Haven’

As concerns continue to mount about loans to software companies, one private credit fund is calling itself a relative “safe haven” due to lack of exposure.

SLR Investment Corp., a private lender, has just 2% of its portfolio in software companies, according to co-Chief Executive Officer Michael Gross. That makes it among the least exposed of publicly traded business development companies, he told investors on an earnings call Wednesday.