Business Development Company (BDC)
U.S. closed-end investment fund that finances smaller private and certain public companies, with distinct credit, leverage, valuation, fee, and liquidity risks.
Fund wrapper terms for BDCs, OEICs, SICAVs, cross-border funds, and fixed investment trusts.
Wrapper and Cross-Border Fund Types terms describe fund structures, pooled vehicles, registration status, regulatory exemptions, investment-company forms, and cross-border wrappers.
Use this branch when legal form, registration, exemption, trust structure, or pooled-vehicle design changes investor rights, liquidity, reporting, or tax treatment.
| Term | Use it for |
|---|---|
| Business Development Company (BDC) | A fund structure, regulation, pooled-vehicle, or investment-company term. |
| Open-Ended Investment Company (OEIC) | A fund structure, regulation, pooled-vehicle, or investment-company term. |
| SICAV | A fund term that narrows the branch to a specific wrapper, exposure, cost, or operating feature. |
| Widely Held Fixed Investment Trust (WHFIT) | A fund structure, regulation, pooled-vehicle, or investment-company term. |
Check registration status, governing law, exemption, eligible investor rules, redemption rights, custody, reporting obligations, tax classification, and whether the wrapper changes legal protections.
This page is educational and does not recommend a specific fund, security, tax treatment, or account choice.
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U.S. closed-end investment fund that finances smaller private and certain public companies, with distinct credit, leverage, valuation, fee, and liquidity risks.
U.K. open-ended corporate fund structure that issues and redeems shares as investors enter and leave, with transactions based on fund valuation rules.
Investment company with variable capital used in Luxembourg and other European fund markets; a legal form that may operate under UCITS or another fund regime.
U.S. tax-information reporting category for a domestic fixed investment trust whose interests include holdings through a middleman.