BDC’s P615m investment shortfall

Despite the chunky deficit the entity maintained optimism in its investment pipeline with two transactions valued over P300 million supposedly at legal close stage.

A recently published annual report of BDC showed major gaps in meeting its investment targets for the full year 2024 in what the company blamed on due diligence bottlenecks. The shortfall percentage was pegged at 71% a major shortfall that investment analysts at the firm were optimistic could be slashed through closing two major deals which were valued at P300 million.