Investors sour on listed credit funds over AI hit to software sector
Business Development Companies’ bonds and equity have fallen sharply this year
Business Development Companies’ bonds and equity have fallen sharply this year

Publicly traded vehicles are trading at steep discounts in gloomy sign for broader industry

Sectors including wealth management and trucking have been hit with sudden share price declines

Private capital groups also suffer steep losses

Broader, integrated software platforms for business will win out against those selling specific services

Debt issued by groups that are borrowing to build vast data centres has been hit in recent weeks

Sell-off may be overdone, but companies need to move faster to respond to AI