オルタナ研究所
クレジット : マルチアセット投資の利点1940年投資会社法(Investment Company Act of 1940)に基づき証券取引委員会(SEC)によって規制されているクローズドエンド型投資会社の一種で、主に小~中規模企業(多くの場合、非上場または創業者所有)に投資する。
BDCは、1980年に米国議会(Small Business Investment Incentive Act)によって創設され、バンクローンや公開市場を通じた伝統的な資金調達が困難な企業に代替的な資金調達手段を提供することで、成長中の小規模な米国企業への投資を促進することを目的としている。
BDCとしての地位を維持するためには、企業は資産の70%を適格資産に投資しなければならない。一般的に適格資産とは、投資実行時の時価総額が250百万ドル以下の米国未公開企業または米国公開企業を指す。残りの30%には、一般的にその他の資産を含めることができる。
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