BDC Fees and Structures Evolving

Multiple drivers spurring change

HAMLIN LOVELL TALKS TO SCHULTE ROTH & ZABEL’S JOHN J. MAHON

A proliferation of different fee levels and structures is evident throughout the alternative investment industry, and Business Development Companies (BDCs) are no exception. For instance, management and incentive fees within the BDC space vary widely between issuers, with management fees ranging from as low as 1% to as high as 2% of gross assets. Throughout the industry, common drivers for revisiting existing fee structures include changing market norms and pressure from investors. BDCs can face...

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