Eversheds Sutherland announced the launch of the BDCESSENTIALS app, a dynamic information hub for the business development company (BDC) industry. Geared toward BDC and private equity professionals, investors, asset managers and financial service providers, BDCESSENTIALS aggregates news, data and insights vital to the BDC industry in one convenient and digitally accessible location — an app on your mobile device.
 
BDCs — publicly held investment funds that provide access to capital for small and middle-market companies — have emerged as a growing source of capital for a significant sector of the US economy. BDCs allow investors access to regulated investment funds with opportunities that otherwise may not be accessible, along with certain tax benefits.
 
As the leading practice in the US representing BDCs and their stakeholders in various capacities, Eversheds Sutherland has established a reputation for innovation. Eversheds Sutherland’s BDC team has pioneered the industry and counseled clients on the first shelf offering that allowed easy access to the market, the first non-traded BDC and the first privately structured BDC, and structured the first joint venture with an institutional lender. The team has also advised on the vast majority of the BDC industry’s strategic and formation transactions, and has consistently created tools, publications and events, including the website Publicly Traded Private Equity and the annual BDC Roundtable that have become indispensable resources to the BDC industry.
 
“We are always looking for innovative ways to bring the BDC community together and provide resources necessary for stakeholders in the BDC industry,” said Cynthia M. Krus, Executive Partner of Eversheds Sutherland (US) LLP. “BDCESSENTIALS was the logical next step for us to deliver readily accessible information in a growing, data-driven industry.”
 
BDCESSENTIALS provides quick access to BDC companies’ market information, industry news and highlights, webcasts and events. The app is the only place where you can find an aggregated current list of traded, non-traded and private BDCs.
 
BDCESSENTIALS also provides information on the 17th annual BDC Roundtable being held September 4-5, 2019 in Washington, DC. The BDC Roundtable is the industry’s signature event that brings together industry senior executives, service providers and regulators in a forum to address recent developments and emerging issues affecting the BDC industry.
 
“Our clients’ needs are always top of mind,” said Steven B. Boehm, Capital Markets and Investments practice group leader. “With BDCESSENTIALS we’re aiming to provide a more efficient way for our clients to access information pertinent to their businesses and goals.”