RECENT NEWS
Benzinga  May 21  Comment 
Financial expert and media personality Jeff Macke was the fireside chat host at the 2015 Benzinga Fintech Awards gala in New York on April 8. Below is the video and full transcript of his talk with JD Singh, SVP of Business Development and...
Financial Times  May 17  Comment 
Elizabeth Para joins Newton as UK institutional business development manager
Biomass Magazine  May 15  Comment 
Aria Energy Business Development Manager Chris Voell discusses his long, impactful career in waste management and landfill gas energy development.
newratings.com  May 12  Comment 
First Sensor presents figures for first quarter of 2015 - Successful business development continues First Sensor AG / Key word(s): Quarter Results 12.05.2015 11:01 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by...
Mondo Visione  May 7  Comment 
LME Clear, the clearing house for the London Metal Exchange (LME) market, is pleased to announce the appointment of Priyanka Malhotra as Head of Business Development, including product and relationship management. She joins from the Bank of...
newratings.com  May 6  Comment 
CANCOM SE: sound business development in the first quarter of 2015 CANCOM SE / Key word(s): Preliminary Results 06.05.2015 19:27 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group...
Forbes  May 1  Comment 
No matter how many business dinners I attend, it never ceases to amaze me how much stress the wine list can create for many people. It’s an interesting phenomenon that incorporates equal parts performance anxiety, budget consciousness and fear...
Automotive World  Apr 30  Comment 
In 2014, MAHLE generated sales of nearly EUR 10 billion. The growth of around 43 percent is largely due to the first-time full-year inclusion of the MAHLE Behr Group. Sales In the 2014 business year, group sales increased by 43.2 percent to EUR...
Mondo Visione  Apr 30  Comment 
Global advisory, fund administration and fiduciary services firm Maitland has hired Scott Price to spearhead its ambitious growth aims in the US market. Scott will be joining the firm as Head of Business Development and Client Management for North...
Insurance Journal  Apr 27  Comment 
St. Louis, Mo.-based Safety National Casualty Corp. has appointed Tom Grove to the position of senior vice president – business development. In his new role, Grove is responsible for leading Safety National’s business development, broker...




 
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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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