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Publicly traded private equity (also referred to as publicly quoted private equity or publicly listed private equity) refers to an investment firm or investment vehicle, which makes investments conforming to one of the various private equity strategies, and is listed on a public stock exchange. There are fundamentally two separate opportunities that private equity firms pursued in the public markets. These options involved a public listing of either: *A ''private equity firm'' (the management company), which provides shareholders an opportunity to gain exposure to the management fees and carried interest earned by the investment professionals and managers of the private equity firm. The most notable example of this public listing was completed by The Blackstone Group in 2007 *A ''private equity fund'' or similar investment vehicle, which allows investors that would otherwise be unable to invest in a traditional private equity limited partnership to gain exposure to a portfolio of private equity investments. ==Business Development Companies== (詳細はInvestment Company Act of 1940.〔Companies must elect to be treated as a "business development company" under the terms of the Investment Company Act of 1940 ((Investment Company Act of 1940: Section 54 -- Election to Be Regulated as Business Development Company ))〕 Typically, BDCs are structured similar to real estate investment trusts (REITs) in that the BDC structure reduces or eliminates corporate income tax. In return, REITs are required to distribute 95% of their income, which may be taxable to its investors. As of the end of 2008, among the largest BDCs (by market value, excluding Apollo Investment Corp, discussed elsewhere) are: American Capital Strategies (), Ares Capital Corp. (), BlackRock Kelso Capital Corp, Gladstone Investment Corp () and Kohlberg Capital Corp (). 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Publicly traded private equity」の詳細全文を読む スポンサード リンク
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