Top 10 Practice Tips: Business Development Companies

Summary

This Top 10 practice tips will help you navigate the BDC space without panicking. An increasing number of asset managers continue to evaluate the potential benefits of including a business development company (BDC) as part of a diversified credit platform. A BDC is a hybrid of an investment company and a traditional operating company, and, as a result, its capital-raising activities and operations are subject to a unique and complex adaption of various federal securities laws.