In Q3 2013, we acquired the majority interest in Principal Mortgage Fund (PFM) and Principal Structure Fund (PSF). Both funds have elected to be treated as business development companies (BDC)
For whatever that means.
company that invests its equity in debt
I'm sure that means debt that can be turned into profit at some point. Not FRTD.
We have over $700 million in pending business for the first two quarters of 2014.
Now this is a bunch of crap. How about sharing with potential investors what businesses your talking about.