Business Development Companies: A Re-Emerging Alternative Capital Source
Leveraging BDCs to Finance Business Ventures
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will provide commercial finance counsel with a review of business development companies (BDCs), which are emerging as a capital-raising alternative. The panel will offer strategies for taking advantage of opportunities while minimizing legal risks for finance counsel to investors and issuers of private equity and venture funds.
Overview—what is a BDC?
- Becoming a BDC
- Types of investments
- Tax treatment of BDCs
- Traded and non-traded structures
- Affiliate transactions
- Regulatory environment
- Restrictions on investment practices
- Disclosure requirements
The panel will review these and other key questions:
- What benefits and risks do BDCs offer as an alternative source of financing for businesses seeking capital?
- What are the unique SEC requirements applicable to BDCs?
- What best practices should counsel apply in representing BDCs and investors in BDC share offerings and debt financings?
- What are the key structural and tax issues to understand and consider when using BDCs?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Thomas J. Friedmann
Mr. Friedmann is a Partner in the firm's Corporate and Securities Group and focuses his practice on the... | Read More
Mr. Friedmann is a Partner in the firm's Corporate and Securities Group and focuses his practice on the representation of issuers and investment banks in public and private securities transactions. He advises corporate clients on matters relating to securities law, corporate governance, and general corporate matters, including financial restructuring and securitization transactions.Close
Cynthia M. Krus
Eversheds Sutherland (US)
Ms. Krus advises clients on a variety of corporate transactions including mergers and acquisitions, proxy contests,... | Read More
Ms. Krus advises clients on a variety of corporate transactions including mergers and acquisitions, proxy contests, exchange and rights offerings, going-private transactions and reorganizations. She advises companies on the structure and formation of various entities and the establishment and operation of private and public venture equity, including business development companies (BDCs).Close
James G. Silk
Willkie Farr & Gallagher
Mr. Silk has a broad corporate practice with particular focus in the investment management area. He counsels investment... | Read More
Mr. Silk has a broad corporate practice with particular focus in the investment management area. He counsels investment advisers, private equity and hedge funds, registered investment companies and business development companies across a broad spectrum of transactional and regulatory issues. He also provides advice on the formation and operation of alternative products and new product development.Close