Alternative managers are fee platforms.
BX, APO, KKR, ARES, OWL, and BAM are best judged on sticky fee-related earnings, fundraising breadth, permanent capital, and credit-cycle resilience.
mst@fyi:~$ screen private_credit_publics
Public private-credit exposure is not one trade.
Public markets offer several ways to own private credit: asset-light alternative managers, listed BDCs, and hybrid franchises. The useful first cut is not "credit good or bad"; it is fee-stream quality, balance-sheet risk, funding durability, and valuation.
BDCs are credit books.
ARCC, BXSL, OBDC, FSK, MAIN, GBDC, and TSLX are closer to leveraged loan portfolios. Yield matters, but so do NAV marks, non-accruals, funding cost, and dividend coverage.
Selloffs can mix both groups.
The opportunity appears when market fear treats fee-based managers and credit balance sheets as the same risk. The trap is buying cyclicality because it screens cheap.
3-Year Price Performance
waiting for Yahoo dataloading daily closes
alternative managers
BDCs / balance-sheet lenders
selected ticker
Scoring Weights
editableUniverse
click a companySelected
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last price
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3-year move
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model score
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main question
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Screening Notes
first passQuality Matrix
higher score means cleaner public exposure| Ticker | Company | Type | Growth | Quality | Safety | Valuation | Score | 3y | Key flags |
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