In recent months, at least four managers have started or went public via an IPO with a Business Development Company. Trapping Value covered Blue Owl Capital Corporation III (OBDE). Two others were covered by me: This article covers the fourth new Business Development Company fund that I became aware of, the Palmer Square Capital BDC Inc. (NYSE:PSBD). As with other new issues, my rating is a Hold until this BDC proves itself. Palmer Square Capital BDC Inc. is a business development company specializing in direct investment.