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  "documentTitle": "2 IBD presentation 2018 Medley Management Inc. Barclays Capital",
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  "notes": "Includes a footnote regarding BDC tax status.",
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      "text": "Barclays calculated the pro forma SIC entity's Cost of Equity using the Capital Asset Pricing Model (CAPM). Peer Comparables used to determine a peer average beta: CGBD, HTGC, MAIN, NMFC, PFLT, PNNT, PSEC, SCRC, TCAP, and TCPC.",
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      "text": "Note: BDC can qualify as regulated investment companies, and therefore may not be subject to corporate-level taxes.",
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      "text": "Cost of Equity Calculation: Pro Forma SIC",
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