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Investing in Business Development Companies (BDCs) and other Niche Assets That Trade on Stock Exchanges
Money For the Rest of Us
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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