Kayne Anderson BDC, Inc.

Kayne Anderson BDC, Inc. is an externally managed, closed-end, non-diversified management investment company that intends to elect to be regulated as a business development company (BDC) under the 1940 Act. The fund seeks to invest in middle-market companies, primarily through first lien senior secured, unitranche, and split-lien loans to privately held middle-market companies. It expects 80% to 90% of its portfolio, including investments purchased with borrowings, to be in these loan types. The remaining 10% to 20% will be in higher-yielding investments such as second lien loans, last-out or subordinated loans, non-investment grade broadly syndicated leveraged loans, high-yield bonds, structured products (including CLO liabilities), real estate related debt securities, equity securities purchased with debt investments, and other opportunistic investments.