RECENT NEWS
Reuters  Sep 19  Comment 
China Vanke Co Ltd said it was in talks to buy assets in cash, part of the property developer's effort to accelerate the development of its new businesses.
Insurance Journal  Sep 14  Comment 
National auto and home online insurance agency Answer Financial has hired Eric Bur, most recently with The General,  as director of Business Development. Answer is expanding its business development team to grow its network of partners. Answer...
Insurance Journal  Sep 14  Comment 
Florida homeowners’ insurer Olympus Insurance Co., a leading Florida homeowners insurer, has promoted Bradley Burton to executive vice president of Underwriting and Business Development. In his new role, Burton will lead the company’s...
The Hindu Business Line  Sep 12  Comment 
L&T Infotech (LT) today said it has appointed Sudhir Chaturvedi as its President Sales. In this role, he will lead the sales, business development and marketing teams globally, LTI said in a st...
The Hindu Business Line  Sep 2  Comment 
S Ravikumar says it is on the lines of what the company had guided in the beginning of the year
Insurance Journal  Sep 1  Comment 
Crystal & Co. has named E. Paxton Kelso director of national sales and marketing. Kelso is located in the Dallas office. His responsibilities include new business development and client relationship management. Kelso specializes in advising...
newratings.com  Sep 1  Comment 
OAK BROOK (dpa-AFX) - McDonald's Corp. (MCD) announced the retirement of U.S. President Mike Andres and the subsequent appointment of Chris Kempczinski, Executive Vice President of Strategy, Business Development and Innovation, to lead the...
MarketWatch  Aug 31  Comment 
McDonald's Corp. said Wednesday that Chris Kempczinski has been named president of McDonald's U.S., effective Jan. 1. He succeeds Mike Andres, who will retire at the end of 2016. Kempczinski is currently the executive vice president of strategy,...
Forbes  Aug 30  Comment 
How Detroit is innovating to boost economic opportunity




 
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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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