I'm a history major but it is now very important that I know what the fuck a BDC is and does. All the google articles I could find were supremely esoteric. Go easy on me pls
>>1821377
1) buy failing but undervalued company
2) liquidate assets
3) turn profit
4) rinse and repeat
>>1821409
so what would employees of such a business do? Scope out failing companies?
>>1821409
This is incorrect.
A BDC is basically like a venture capital firm but invests in smaller companies through equity, debt, and mezzanine financing. They're also publically traded unlike VC firms so they give ordinary investors access to the market.