Torsten AsmusDecember last year, I wrote an article on Runway Growth Finance (NASDAQ:RWAY), which is a VC-focused BDC. As many of my readers have probably noticed it, I tend to avoid investing in BDCs that carry an elevated exposure towards VC markets. The reason for this is simple - I see no major reason why investors should take additional risk on top of what conventional BDCs offer. It really boils down to capturing roughly 200 - 400 basis points in extra yield, which comes with a huge risk that is a ...