On December 11, 2025, the U.S. Securities and Exchange Commission (the “SEC”) issued no-action relief(the “DTC Letter”) to The Depository Trust Company (“DTC”) permitting for three years the operation of a pilot version (the...more
Business development companies (“BDCs”) were created by Congress in 1980 to serve as closed-end, venture capital funds for retail investors by financing small to mid-sized U.S. private companies. Since about 2004, BDC...more
4/24/2025
/ Business Development Companies ,
Business Strategies ,
Capital Markets ,
Financial Institutions ,
Investment Funds ,
Investment Management ,
Liquidity ,
Loans ,
Private Equity ,
Shareholders ,
Small Business ,
Venture Capital
On March 12, 2025, staff of the Office of Small Business Policy of the Division of Corporation Finance (the “SEC Staff”) of the Securities and Exchange Commission (the “SEC”) issued interpretive guidance in the form of a...more
On March 19, 2025, the staff of the Division of Investment Management (the “SEC Staff”) of the Securities and Exchange Commission (the “SEC”) released an update to its Frequently Asked Questions1 (the “FAQs”) relating to...more