In 1980, Congress created a new category of investment companies to channel capital into privately held small businesses. Known as business development corporations or BDCs, these specialized closed-end funds took off slowly, remaining for many years under the radar of most mainstream investors.

That was then. Today, tempting yields of 10% or higher, along with a heightened awareness of alternative investments, have fueled investor interest, rapid asset growth, public offerings and increased attention from investment banks and financial advisors.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access