RECENT NEWS
Insurance Journal  Dec 7  Comment 
Cyence, a San Mateo, Calif., based company that works to empower the insurance industry to model the economic impact of cyber risk, has named John Merchant as director of business development. He will be working with Cyence’s network of...
Forbes  Dec 6  Comment 
Fotolia Jake Olcott is Vice President of Business Development at BitSight Technologies. He served as cyber security attorney to the Senate Commerce Committee and House Homeland Security Committee. He previously managed a cyber security consulting...
Mondo Visione  Dec 6  Comment 
FlexTrade Systems (@FlexTrade), a global leader in multi-asset execution and order management systems, today announced the appointment of Aaron Levine as Vice President, OEMS Solutions.  Based in the company’s headquarters in New York, Levine...
Insurance Journal  Nov 30  Comment 
Lovitt & Touché in Arizona recently hired Will Spong as senior vice president of employee benefits. The firm also recently hired Scott Muzzy as sales executive. Spong will oversee business development, with a focus on self-funding and employee...
newratings.com  Nov 15  Comment 
3Q2016: Highlight Group with solid business development DGAP-News: Highlight Communications AG / Key word(s): 9-month figures 3Q2016: Highlight Group with solid business development 15.11.2016 / 17:43 The issuer is solely responsible for the...
Insurance Journal  Nov 15  Comment 
EPIC Insurance Brokers & Consultants has hired Rick Haycock as a property/casualty insurance producer in Northern California. Haycock will be responsible for new business development and the design and management of insurance and risk management...
Cloud Computing  Nov 14  Comment 
Digital Guardian in Waltham, Massachusetts analyzes both structured and unstructured data to predict and prevent loss of data and intellectual property (IP) with increased accuracy. To learn how data recognition technology supports network and...
newratings.com  Nov 14  Comment 
Delticom AG: Delticom publishes Q3 business development DGAP-News: Delticom AG / Key word(s): 9-month figures Delticom AG: Delticom publishes Q3 business development 14.11.2016 / 09:07 The issuer is solely responsible for the content of this...
Biomass Magazine  Nov 11  Comment 
Massachusetts recently awarded grant funding to two biogas-related projects under development by CRMC Bioenergy LLC and EL Harvey and Sons Inc. The awards were made under the commonwealth’s Recycling Business Development Grant program.




 
TOP CONTRIBUTORS

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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