I recently had a chance to speak with the CEO of Keating Capital (KIPO) to congratulate them on the recent announcement of another successful exit from a portfolio investment with healthy returns. KIPO is a boutique niche BDC that specializes in pre-IPO portfolio companies seeking capital for the purpose of going public. Personally, I only invest in BDCs with a large predictable income stream from quality debt investments but the distributions are usually taxed at the highest rate compared to BDCs like KIPO. This article discusses a BDC with a very different investment philosophy, how it works and recent validations, as well as the potential returns and associated risks.
(click to enlarge)
KIPO Investment Philosophy
Historically, KIPO has focused its...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|