Uniqueness of BDCs
BDCs are similar to venture capital (VC) or private equity (PE) funds since they provide investors with a way to invest in small companies and participate in the sale of those investments. However, VC and PE funds are often closed to all but wealthy investors. BDCs, on the other hand, allow anyone who purchases a share to participate in the open market. This feature often attracts money to newly public BDCs, thereby giving them a faster way to raise capital for investments than VC funds, which are generally closed end funds created by wealthy investors.
Read more about this topic: Business Development Company
Famous quotes containing the words uniqueness of and/or uniqueness:
“Until now when we have started to talk about the uniqueness of America we have almost always ended by comparing ourselves to Europe. Toward her we have felt all the attraction and repulsions of Oedipus.”
—Daniel J. Boorstin (b. 1914)
“Until now when we have started to talk about the uniqueness of America we have almost always ended by comparing ourselves to Europe. Toward her we have felt all the attraction and repulsions of Oedipus.”
—Daniel J. Boorstin (b. 1914)