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The growth of companies is given by the capital investments from shareholders, reinvestment of profits and credit operations. In the current stage of the Brazilian economy it is fundamental to strengthen and increase the number of companies with papers traded in the capital market, an important canalization instrument for internal and external savings.
BNDES operates several financing modes to companies, and can also participate as a subscriber of securities in open companies or in companies that, in the medium run, can enter the capital market, including the operations for internationalization, restructuring of competitive companies, merges and incorporations.
Small and medium innovative companies, which are prioritized in the capitalization action of BNDES, can receive direct participation and/or participation through closed investment funds. Depending on their regional/sectorial actuation, these offer a greater operability range, thus also allowing the leveraging of private resources for the capital of these companies.
The operations of BNDES in the capital market aim at:
 Strengthening the capital market through new market
operations;
spreading the concept and encouraging the use of corporative governance by
companies;
expanding the demand and liquidity of securities;
contributing to the democratization and strengthening of the capital structure of
companies;
developing products that make the capital market more attractive and safer to small
investors;
developing the closed funds industry; and
supporting small and medium innovative companies.
To achieve these objectives, BNDES permanently operates:
in the development of technical tools, utilizing innovative investment analysis techniques, specific mechanisms for each security value, specific legal models and varied divestiture
mechanisms;
in the elaboration of indirect programs through a minority participation in closed funds administrated by third parties - emerging companies, private equity, of governance/liquidity - that perform the important task of expanding and giving wider range to the operations; and
in the diffusion of corporative governance practices in the companies tin which it participates so to provide greater transparency and respect to minority shareholders, together with the Securities Commission [CVM] and the Stock Market of São Paulo [Bovespa].
See:
 Financial
Support
Subscription of Securities
Direct Credit Investment Funds
[FIDC]
Investment
Funds Program
CRIATEC
Program
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