If you're looking for a high yield investment that will benefit from rising interest rates, you should consider the business development company ("BDC") industry. BDC's offer retail investors high yield exposure to private companies, and some of them, like Hercules Capital, Inc. (NYSE:HTGC) focus on companies which are already backed by venture capital firms. These other firms don't want to lose their investments, and will continue to support these companies. This has been crucial during the pandemic.