--- Connecting LPs & GPs worldwide
--- Connecting LPs & GPs worldwide
By now, anyone with more than a passing interest in the private equity industry is aware of the recent spate of initial public offering filings for business development companies that have taken place following Apollo's success in raising $930 million in April. But what does this mean for the industry as we know it? Are BDCs the death knell of traditional private equity, as a few pundits have suggested, or are they simply the latest 'flavour of the month'? The truth lies somewhere in between, according to Kathy Fields and Edwin Pease of Testa, Hurwitz & Thibeault.
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