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Automotive World  Feb 15  Comment 
Rob Hranac, VP Business Development, Swift Navigation has been confirmed as a speaker at Autonomous Car Detroit. Rob Hranac is VP Business Development at Swift Navigation. An analytics executive with experience in software, services and hardware,...
Insurance Journal  Feb 14  Comment 
EPIC Insurance Brokers & Consultants has named Adam Frugoli vice president of its health care strategy group. He will divide his time between EPIC’s Idaho Falls, Idaho and Sacramento, Calif., offices. Frugoli will be responsible for new...
Automotive World  Feb 6  Comment 
Meg Novacek, Executive Director Business Development North America, Argus Cyber Security has been confirmed as a speaker at Connected Car Detroit. Meg has been been Executive Director Business Development, North America at Argus Cyber Security...
Insurance Journal  Feb 3  Comment 
Henderson Brothers Inc., an independent broker headquartered in Pittsburgh, Penn., has hired Scott Martinelli as a life/disability/worksite leader and business development consultant in the Employee Benefits Department. In his new role,...
The Economic Times  Feb 3  Comment 
As director commercial, he will be responsible for the activities relating to commercial, international and domestic business development and consultancy business of NTPC.
Reuters  Feb 2  Comment 
U.S. ride-hailing giant Uber Technologies said on Thursday it has tapped Madhu Kannan as its chief business officer for India and emerging markets.
The Economic Times  Jan 31  Comment 
We continuously work on increasing our efficiencies through better negotiations, long-term contracts and also working on other value is driven strategies.
Insurance Journal  Jan 30  Comment 
Next Level Administrators (NLA), a Bradenton, Fla.-based data-focused claims administration organization, has appointed Angela Blanch as vice president of Business Development. Prior to joining the company, Blanch worked with with various TPA’s...
Forbes  Jan 29  Comment 
Margaret Molloy, Global CMO and Head of Business Development for Siegel+Gale, identifies the 10 questions marketers should ask to determine whether they are on track to create a simpler experience.




 
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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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