Top 10 Practice Tips: Business Development Companies


Summary

Increasing numbers of asset managers are evaluating the potential benefits of including a business development company (BDC) within their suite of managed funds and accounts. A BDC is a hybrid of an investment company and a traditional operating company and, as a result, their operations are subject to a unique and complex adaption of various federal securities laws. Below are 10 practice tips that will help you navigate the BDC space without panicking.