Top 10 Practice Tips: Business Development Companies

Summary

This Top 10 practice tips will help you navigate the BDC space without panicking. 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.