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BDCs: Private Equity For “Average Joe” Investors

To many investors, investing in private equity—or privately held companies—is the sole domain of venture capital firms and private equity funds. To play in that game, you typically have to be an “accredited” investor (i.e., have a high income or a net worth exceeding $1 million).

But there’s a way for the rest of us to join this club, too, and it’s just as easy as buying stocks: the business development company, or BDC.

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This post appeared first on Investing Daily.