BDCs were created in 1980 in order to enhance capital formation for small- and medium-sized companies. This growth was accelerated following the financial crisis of 2008, when BDCs were able to address the needs of small- and medium-sized businesses that did not have access to capital. Currently, there are over 80 BDCs and BDC loan balances have more than tripled since 2008. Our enclosed survey, which we update regularly, provides current information about BDCs.
Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© Morrison & Foerster LLP. All rights reserved
