Index Overview The SK Research and Due Diligence, LLC Non-Traded BDC ( SKRADD-BDC ) Index tracks the performance of the twenty largest non-traded BDCs, based on net assets and subject to eligibility requirements. The index constituents are weighed by fund net assets as measured during the fourth calendar quarter of the prior year. For more information, view the methodology documentation here . Index Performance The Morningstar LSTA US Leveraged Loan 100 Index (LSTA 100) is a market...

Highlights On November 4, 2025, CNL Healthcare Properties (“CHP”) signed a definitive transaction agreement with Sonida Senior Living, Inc., a publicly traded company on the New York Stock Exchange (“NYSE”) trading under the ticker symbol “SNDA.” On March 11, 2026, CHP completed its merger with SNDA in a transaction valued at approximately $1.8 billion. Shareholders will receive consideration in the form of $2.32 in cash for each share of common stock, plus 0.1318 shares of SNDA common stock...

As AI continues to evolve and new capabilities emerge, investors have been trying to assess the potential impact on specific industries and companies. Recent developments in AI have amplified concerns that investments in software companies may be vulnerable to AI-related disruption, which has led to increased scrutiny regarding the software exposure of non-traded BDCs. By looking at the disclosed software exposure of some of the largest non-traded BDCs, we can see that software-related...