Interest in BDCs Continues to Grow
Interest in BDCs Continues to Grow Business Development Companies (“BDCs”), created by the Small Business Investment Incentive Act of 1980 to spur investment in smaller companies, are a type of closed-end fund that has exploded in popularity in recent years.BDCs generally make investments in private companies in the form of long-term debt or equity. Investments […]
AIFMD – One Year Update
AIFMD – Year One Update The Alternative Investment Fund Management Directive (“AIFMD” or the “Directive”) became effective on July 23rd, 2013. Alternative Investment Fund Managers (“Managers”) of hedge funds, private equity funds, funds of funds and real estate funds had until July 22nd of this year to get authorization to market their product in the […]
Get Ready – SEC plans National Sweep of Funds
In a recent speech to the Private Equity Forum of the Practicing Law Institute, Norm Champ, Director of the Division of Investment Management for the SEC, described the growing use of alternative investment strategies by ’40 Act open-end mutual funds. He noted that increased disclosure androbust valuations of illiquid investments held by these funds were […]
Houlihan Capital is a Proud Sponsor of the AM&AA 2014 Summer Conference
Houlihan Capital is a proud sponsor of the Alliance of Merger & Acquisition Advisors (AM&AA) 2014 Summer Conference. The event is being held at the JW Marriott Chicago (151 W. Adams St, Chicago, IL 60603) on Tuesday, July 22nd thru Thursday July 24th. Attending from Houlihan Capital will be Vice President of Business Development, Michael […]
Is your Investment Company STILL an Investment Company?
The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) which amends the criteria that define an investment company, clarifies the measurement guidance, and requires new disclosures. The ASU arose from collaboration between FASB and the International Accounting Standards Board (IASB) to develop a consistent approach to recognizing entities as investment companies. The […]