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Over the last three years, an alternative form of the business development company has emerged – the non-traded BDC. The structure is modeled on non-traded REITs, and provides another avenue for fund sponsors to access capital. But there are some important differences between the traditional exchange-listed BDC and the non-traded BDC – and there are critical issues that every sponsor should consider before embarking on the formation and structuring of a non-traded BDC.
You are invited to join the Sutherland BDC Team for a Quick Call to learn more about the non-traded BDC model, including SEC registration and the Blue Sky process, the advantages and disadvantages of managing both a listed BDC and a non-traded BDC on the same platform, the things that sponsors should be thinking about before launching a non-traded BDC, and what the regulators are saying about this evolving investment structure. We hope you can join us.