What is a BDC? Business development companies, or BDCs, enable the flow of capital from individual investors to private U.S. middle market companies. By pooling investments from individuals, BDCs help provide many middle market companies with the capital they need to operate and grow. A BDC must invest at least 70% of its assets in...

Education > Know your alternatives > Structures + offerings Alternative investment structures + offerings Access alternatives through diverse investment structures and offerings Ways to access alternatives Business development companies Business development companies (BDCs) are closed-end funds that primarily invest in private U.S. companies. Learn more > Closed-end funds Closed-end funds pool shareholder assets to invest in a...

Education > Know your alternatives > Asset classes + strategies Alternative asset classes + strategies Explore the broad universe of investment options to help meet your financial goals Types of alternatives Commercial real estate debt Commercial real estate (CRE) debt refers to the mortgages of CRE properties. CRE debt has historically provided investors with a differentiated source of...