BCD provides evaluated pricing on securities that no other market data vendors cover. Privately placed bonds, directly originated loans, and illiquid club deals are all covered by our highly specialized approach. Coverage also includes unitranche, hybrid securities, and other types of esoteric credit instruments.
Evaluations are created using vast proprietary data sets specific to the private credit market. Security-specific information is gathered from the client and proprietary sources and applied to three models.
Discounted Cash Flow:Specialized model incorporates data specific to each security and private debt
Index Calibration:Weighted private debt indices increase accuracy and eliminate noise
Observation-Driven:Scouring trades from filings and broker runs for reasonableness check against market participants