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Off the Mark: Business Development Companies’ Discrepancies in Fair Value Reporting of Loan Values

Off the Mark: Business Development Companies’ Discrepancies in Fair Value Reporting of Loan Values

Current SEC regulations require that companies use market values when appraising their assets to fair value. When market prices are not immediately apparent though, as in the case of BDC loans, determining a fair value becomes a less uniform process. While Accounting Series Releases 113 and 118 provide some guidance on marking illiquid assets toRead more about Off the Mark: Business Development Companies’ Discrepancies in Fair Value Reporting of Loan Values[…]

The Cost of Accessing Middle Market Debt through Business Development Companies (BDCs)

The Cost of Accessing Middle Market Debt through Business Development Companies (BDCs)

By nature, private capital market investment management is simply not as cheap as the public side. Private market investments usually require additional time to be spent on diligence due to less publicly available information in the form of financial statements. The added time spent on investment management is a cost that can add up toRead more about The Cost of Accessing Middle Market Debt through Business Development Companies (BDCs)[…]

Companies Seeking Capital: Options for Raising Debt in the Lower Middle Market

Companies Seeking Capital: Options for Raising Debt in the Lower Middle Market

The current landscape for lower middle market companies seeking to raise capital, especially debt, has become increasingly convoluted with Dodd-Frank and Basel I, II, and III regulations. Lower middle market companies seeking to raise debt have a number of options when it comes to raising debt and each option carries its own caveats. The graphicRead more about Companies Seeking Capital: Options for Raising Debt in the Lower Middle Market[…]