Assertion: private fund | /r/CapableOf | plan to elect status
Facets:
Source sentences:
text: The staff is aware that certain private funds that plan to elect status as business development companies under the Investment Company Act (“Planned BDCs”), hold securities (typically, debt securities) issued by companies (“Portfolio Companies”) controlled by other private funds (“BDC Affiliates”) advised by the Planned BDC’s investment adviser or an entity controlling, controlled by or under common control with the Planned BDC’s investment adviser.