Industry & Services >> Analyst Interviews >> October 3, 2011

Solid Investment Pipelines For Bdcs – Arren Cyganovich – Evercore Partners Inc.

Arren Cyganovich, CFA, is a Vice President and Research Analyst covering specialty/consumer finance companies at Evercore Partners Inc. Before joining Evercore, Mr. Cyganovich was an Equity Analyst covering specialty finance companies at Ladenburg Thalmann & Co., Inc. Before that, he worked in Citigroup's corporate strategy as a Senior Analyst in competitive intelligence covering large bank financials and at Citi Investment Research & Analysis as an Equity Research Associate covering specialty/consumer finance companies. He began his equity research career at Prudential Equity Group as an Associate covering the asset manager and life insurance sectors. Mr. Cyganovich earned a B.S. in finance at The Pennsylvania State University. Profile
TWST: What are business development companies, and how are they different than other lending instruments?

Mr. Cyganovich: The main difference between BDCs and other financials is that they are