Morris Manning & Martin, LLP

Presentation: The “Private BDC” Alternative

12.01.2016

Summary of The “Private BDC” Alternative

  • A private BDC is regulated as a business development company under the Investment Company Act of 1940 but conducts private offerings to accredited investors;
  • Attractive option for asset managers that have robust stable of accredited investors;
  • Attractive option for asset managers that lack a public track record;
  • Private BDCs not subject to some of the restrictions that have limited fundraising by publicly-registered non-traded BDCs;
  • Recent increase in filings by private BDCs;
  • Eventual liquidity can be a listing, initial public offering, liquidation or merger.
Please download the PDF for the full presentation, shared at the IMN West Coast Non-Traded REIT & Retail Alternative Investment Symposium in Dana Point, CA. 

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