Business Development Companies

This Guidance Update provides the views of the Division’s Chief Accountant’s Office regarding the presentation of consolidated financial statements for certain investment companies (“RICs”) registered ...

Recently, the staff has become aware that certain BDCs have sought to rely on this limited relief in connection with SBICs that have not issued ...

If you work at a business development company or a closed-end fund under the Investment Company Act, last week's SECno-action letter marks a big step ...

Even though much of the federal government was shut down due to partisan divides in Congress, two dozen executives of business development companies sent the ...

In reviewing registration statements filed by BDCs, the staff has observed that some BDCs that have certain significant subsidiaries do not provide separate financial statements ...

The staff is aware that certain private funds that plan to elect status as business development companies under the Investment Company Act (“Planned BDCs”), hold ...

Under section 30(g) of the Investment Company Act and the Commission's Accounting Series Release No. 118 (Dec. 23, 1970), the certificate of independent public accountants ...

Business development companies can use the same Investment Company Act exception to avoid running their selection of a public accountant past shareholders as other funds, ...