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AUSTIN, TX -- (Marketwired) -- 04/04/14 -- Front Page PR ( http://www.crowdfundingPRcampaigns.com) announced a new low-cost crowdfunding training class that will provide non-profits, economic development, Meetup groups and government...
Insurance Journal  Apr 3  Comment 
Woodruff-Sawyer & Co. has launched a Denver, Colo. office, Woodruff-Sawyer Colorado. The office will be headed by Gordon Zellers, the Colorado practice leader. Zellers will focus on client relationship management and business development as he...
DailyFinance  Apr 2  Comment 
MESA, ARIZ. -- (Marketwired) -- 04/02/14 -- Iveda® (OTCQB: IVDA), the pioneer in cloud video hosting technology, today announced that Cory Miller has joined the Company's management team as vice president of business development. "Cory's...
Cloud Computing  Apr 2  Comment 
CARMEL, Ind. , April 2, 2014 /PRNewswire/ -- Expedient Data Centers announced today the assignment of Matthew D'Eramo as its new Director of Sales for Expedient's Indiana market. D'Eramo, a transfer from Expedient's Columbus market, will be...
Reuters  Apr 1  Comment 
Philadelphia-based alternative investment manager Franklin Square Capital Partners is planning to list FS Investment Corporation, its $4.5 billion business development company,...
DailyFinance  Apr 1  Comment 
MONTREAL, QUEBEC -- (Marketwired) -- 04/01/14 -- J.A.G. MINES LTD. (TSX VENTURE: JML) announces that, in accordance with Policy 4.4 from the TSX Venture Exchange and its Corporation Incentive Stock Option Plan, the Board of Directors has...
OilVoice  Apr 1  Comment 
Petra Petroleum Inc. TSX VENTUREPTL announce that Mr. Pete Hughes has been appointed as Vice President Corporate Development with immediate effect. Mr. Hughes has a strong business development co
DailyFinance  Mar 31  Comment 
PLAINVIEW, NY -- (Marketwired) -- 03/31/14 -- Blast Applications, Inc. (PINKSHEETS: BLAP) and X Factor Selling System enter into a join venture to increase market awareness for both companies as well as revenue. X Factor Selling System is a...
TechCrunch  Mar 31  Comment 
UK-based ScreenHits, a marketplace for global content acquisition and ‘viewer feedback’, has closed a $1.2 million first round of funding. Investors include high net worth Angel investors, such as Rory Fleming, Lord Reay, and Flemming Lund...
DailyFinance  Mar 27  Comment 
SAINT CLOUD, FL -- (Marketwired) -- 03/27/14 -- Small Business Development Group, Inc. (OTC Pink: SBDG) (PINKSHEETS: SBDG) announces positive Year End Results. Chief Executive Officer Roy Salisbury said today, "We are pleased to announce 2013...




 
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A business development company (BDC) is a company that makes private equity investments, and is essentially a private equity firm that goes public and sells shares of itself. It is funded with the purpose of lending and investing in private companies. A business development company is similar to a Venture Capital (VC) firm, but a key difference is that BDCs allow retail investors to invest, via the BDC, in startup companies. Many BDCs are listed on the NYSE, AMEX, and Nasdaq (see the list below).

American BDCs are required to invest at least 70% of assets in private U.S. companies. Most BDCs have regulated investment company status, which means they must distribute at least 90% of their taxable income to shareholders each year. This also means a BDC can't put more than 5% of assets in any single investment or buy more than 10% of another company's voting stock, or put more than 25% of assets into a business they control or into businesses in the same industry.

The establishment of business development companies allowed retail investors to participate in and benefit from investing in private businesses by allowing them to buy shares of closed end funds that invested in these businesses. The term business development company was defined in the Investment Company Act of 1940, section 2(a)(48). To qualify as a BDC, a company must comply with Section 54 of this same act. The Investment Company Act set standards by which investment companies should be regulated, including mutual funds.

Examples of publicly-traded business development companies include:

External Resources

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