Business Development Companies: Forming, Financing and Investing in Alternative Capital Vehicles
August 13, 2015
Webinar
This CLE webinar will analyze the rise in permanent capital vehicles such as business development companies (BDCs) and discuss best practices for issuers and asset managers in forming and financing BDCs. The program will also discuss opportunities and pitfalls for investors in these alternative capital vehicles.
Description
Permanent capital vehicles such as BDCs have moved to the forefront as asset managers seek alternate ways to raise and invest capital. Since tightened lending regulations make it more difficult for small and middle market companies to secure loans, BDCs are an attractive source of financing.
BDCs offer a number of potential benefits. Investors can reap high potential yields and immediate liquidity through listed securities, while sponsors benefit from permanent capital and an established regulatory framework.
BDCs can be an appealing option in the current environment, but they are complex entities subject to SEC regulation and fraught with legal risk. Counsel advising investors must consider whether BDCs are suitable, and counsel for issuers must structure BDC offerings with great care.
Listen as our panel of experienced corporate finance attorneys explains current market trends impacting business development companies, formation and financing of BDCs, and opportunities and pitfalls for investors in these alternative capital vehicles.
