Advantage Capital Development Corp.

• Public
• US

Dow Jones Description

The U.S. capital markets have traditionally had many sources of capital available for small businesses formation. These have ranged from self-financing by entrepreneurs to financing through friends and family members, financing by wealthy individual investors, often referred to as ?angel? investors, and venture capitalists. Government programs have offered entrepreneurs funding through the Small Business Administration (?SBA?), Small Business Investment Companies (?SBIC?s?), and other programs. Many other disparate funding sources exist today. We believe the collapse of the technology sector of the stock market has contributed to consolidation of financial services firms, as well as a more vigilant and aggressive regulatory environment. Additionally, many ?angel? investors and friends and family have become more risk averse. We believe even sophisticated investors have, for a number of reasons, been more reluctant to commit capital to help fund private and public company needs. These changes have limited the sources for start up or expansion capital for both private and public companies.

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Peer Companies

• Morgan Stanley
• UBS AG
• ICICI Bank Ltd.
• Ameriprise Financial Inc.
• Blackstone Group LP
• All Companies