Investing in Business Development Companies (BDCs) and other Niche Assets That Trade on Stock Exchanges
Money For the Rest of Us
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What Are SPACs?
In 2021, there were 613 newly formed SPACs that raised about $162 billion of capital. These are non-operating publicly-listed companies whose purpose is to identify and purchase a private company. I've owned them, but I don't own any currently because they're not a very good investment, in my opinion.
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