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Business Development Companies: Investing in Growth

CPE 1.0

Webcast

Webcast overview

KPMG U.S. International Corridors invites you to our next webcast in a series focusing on investment opportunities, challenges, and trends impacting multinational companies. Please join us for the latest developments and insights on Business Development Companies (BDCs).

What are BDCs? Why are they attractive investment vehicles? How can they help accelerate growth for small to mid-size companies?

  • BDCs are a special type of investment that combines the attributes of publicly-traded companies with closed-end investment vehicles.
  • Investing in BDCs gives public institutional and retail investors exposure to private credit investments.
  • BDCs are high dividend yield models, generally attractive to public investors, particularly retail.
  • Considered specialty finance companies, BDCs primarily make investments in small to mid-sized companies.
    • BDCs help these companies grow in the initial stages of development
    • They make a significant contribution to capital formation

The webcast will last approximately 60 minutes, including a question and answer session; and one continuing professional education (CPE) credit will be offered to U.S. participants who meet the eligibility requirements.

U.S. International Corridors

Assisting companies with navigating the complex challenges and risks of expansion and cross border investments to, and from, international markets.

Learn more

Meet our webcast team

Image of Holger Erchinger
Holger Erchinger
Partner, Audit and Partner in Charge, U.S. Germany Corridor, KPMG U.S. International Corridors, KPMG US
Read bio
Image of Carlos Alvarez
Carlos Alvarez
Managing Director, UBS Financial Institutions Group
Read bio
Image of Carlos Alvarez

Carlos Alvarez

Managing Director, UBS Financial Institutions Group

UBS Carlos Alvarez is a Managing Director in UBS’ Financial Institutions Group, based in New York, where he leads the Specialty Finance and Permanent Capital solutions franchise. Prior to joining UBS in 2018, Carlos had a 20-year career at Deutsche Bank, where he was most recently Head of Permanent Capital and oversaw the SPAC banking team.  Over his career, Carlos has advised clients across numerous products including M&A, ECM, DCM and de-novo fundraises.  At UBS, Carlos leads an experienced team dedicated to providing investment banking services to SPAC clients, and has personally advised on 25+ SPAC IPOs and business combination transactions dating back to 2005.  Carlos has an MBA from Columbia Business School, a BS in International Business from Northeastern, and a BS in International Business Studies from Universidad Pontificia Comillas (Spain).
Image of John Delgado
John Delgado
Director, UBS Investment Bank, Equity Capital Markets
Read bio
Image of John Delgado

John Delgado

Director, UBS Investment Bank, Equity Capital Markets

John Delgado is a Director in UBS Investment Bank’s Equity Capital Markets group, based in New York.

As a member of the Permanent Capital Solutions and Financial Institutions/Real Estate ECM practices, John has extensive experience advising issuers and sponsors on structuring, capital formation, and capital markets alternatives across the full lifecycle ranging from IPOs / business combinations to follow-ons and other secondary transactions. John’s work encompasses a comprehensive suite of permanent capital vehicles including Business Development Companies. Having also worked in UBS’ Financial Institutions Group, his experience beyond ECM also includes M&A, Leveraged Finance, DCM, and other corporate finance transactions.

John also worked in Deutsche Bank’s Financial Institutions Group prior to joining UBS in 2018. He has a BSBA in Accounting & Finance from Georgetown University’s McDonough School of Business.
Image of Matt Giordano
Matt Giordano
U.S. Industry Leader – Public Investment Management, KPMG U.S.
Read bio
Image of Brian Bouchard
Brian Bouchard
Partner, Valuation & Business Modeling Services, KPMG US
Read bio
Image of Thomas D'Arminio
Thomas D'Arminio
Principal, Tax, EVS - NYFS
Read bio
Image of Thomas D'Arminio

Thomas D'Arminio

Principal, Tax, EVS - NYFS

Thomas is a Principal in KPMG’s Economic & Valuation Services in New York and focuses on the valuation of complex securities and private debt investments. Thomas has extensive experience structuring and valuing credit instruments having serviced over 300 clients, including hedge funds, private equity firms, banks, insurance companies and specialty lenders in the space.
Image of Daniel O'Connor
Daniel O'Connor
Principal, Advisory, Internal Audit and Enterprise Risk, KPMG LLP
Read bio
Image of Carlos Alvarez
Carlos Alvarez
Managing Director, UBS Financial Institutions Group
Read bio
Image of Carlos Alvarez

Carlos Alvarez

Managing Director, UBS Financial Institutions Group

UBS Carlos Alvarez is a Managing Director in UBS’ Financial Institutions Group, based in New York, where he leads the Specialty Finance and Permanent Capital solutions franchise. Prior to joining UBS in 2018, Carlos had a 20-year career at Deutsche Bank, where he was most recently Head of Permanent Capital and oversaw the SPAC banking team.  Over his career, Carlos has advised clients across numerous products including M&A, ECM, DCM and de-novo fundraises.  At UBS, Carlos leads an experienced team dedicated to providing investment banking services to SPAC clients, and has personally advised on 25+ SPAC IPOs and business combination transactions dating back to 2005.  Carlos has an MBA from Columbia Business School, a BS in International Business from Northeastern, and a BS in International Business Studies from Universidad Pontificia Comillas (Spain).
Image of John Delgado
John Delgado
Director, UBS Investment Bank, Equity Capital Markets
Read bio
Image of John Delgado

John Delgado

Director, UBS Investment Bank, Equity Capital Markets

John Delgado is a Director in UBS Investment Bank’s Equity Capital Markets group, based in New York.

As a member of the Permanent Capital Solutions and Financial Institutions/Real Estate ECM practices, John has extensive experience advising issuers and sponsors on structuring, capital formation, and capital markets alternatives across the full lifecycle ranging from IPOs / business combinations to follow-ons and other secondary transactions. John’s work encompasses a comprehensive suite of permanent capital vehicles including Business Development Companies. Having also worked in UBS’ Financial Institutions Group, his experience beyond ECM also includes M&A, Leveraged Finance, DCM, and other corporate finance transactions.

John also worked in Deutsche Bank’s Financial Institutions Group prior to joining UBS in 2018. He has a BSBA in Accounting & Finance from Georgetown University’s McDonough School of Business.
Image of Matt Giordano
Matt Giordano
U.S. Industry Leader – Public Investment Management, KPMG U.S.
Read bio
Image of Brian Bouchard
Brian Bouchard
Partner, Valuation & Business Modeling Services, KPMG US
Read bio
Image of Thomas D'Arminio
Thomas D'Arminio
Principal, Tax, EVS - NYFS
Read bio
Image of Thomas D'Arminio

Thomas D'Arminio

Principal, Tax, EVS - NYFS

Thomas is a Principal in KPMG’s Economic & Valuation Services in New York and focuses on the valuation of complex securities and private debt investments. Thomas has extensive experience structuring and valuing credit instruments having serviced over 300 clients, including hedge funds, private equity firms, banks, insurance companies and specialty lenders in the space.
Image of Daniel O'Connor
Daniel O'Connor
Principal, Advisory, Internal Audit and Enterprise Risk, KPMG LLP
Read bio

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Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. KPMG LLP does not provide legal services.

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