Insurance Journal  10 hrs ago  Comment 
Illinois-headquartered national insurance brokerage and risk management consultancy ,The Plexus Groupe (Plexus), has hired sales executive Wes Hornsby as a vice president of Business Development. Hornsby is based in Dallas. Hornsby brings more...
Mondo Visione  Mar 20  Comment 
RegTek.Solutions, the global provider of regulatory reporting solutions, today announced two senior sales appointments to support its growth in the core markets of North America and Europe. Tom Morris has been appointed Head of Sales for...
Motley Fool  Mar 16  Comment 
A chat with Macy Mills of GameInfluencer about esports today and in the future, and why investors won't want to miss this trend.
The Economic Times  Mar 12  Comment 
My first job was as a consultant at PwC India. I was initially posted in Kolkata and my role involved consulting for project execution, business development and related activities.
Mondo Visione  Mar 12  Comment 
R.J. O'Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the United States, announced that Elena Patimova today joined its London-based affiliate, R.J. O'Brien Limited (RJO Limited), as Senior Vice...
TechCrunch  Mar 5  Comment 
 Coinbase is continuing its executive hiring spree as the company has announced that Emilie Choi is joining Coinbase as vice president of Corporate and Business Development. Read More
Insurance Journal  Feb 22  Comment 
J. Craig Collins has joined Insurance Designers of America, LLC and will take over for Dick Schuettner, who will retire March 31. In his role, Collins will direct general business development including creating strategic business initiatives and...
TechCrunch  Feb 21  Comment 
 With the trend of growing cybercrime showing no indication of abating, a startup called Vectra that has built an artificial intelligence-based system called Cognito to detect cyberattacks and mobilise security systems to respond to them has...
Insurance Journal  Feb 20  Comment 
Austin-based workers’ comp insurer, Texas Mutual Insurance Co., has added Benjamin A. Siddons as vice president of business development. Siddons joins Texas Mutual with more than 15 years of experience in the insurance industry, with seven of...
Mondo Visione  Feb 14  Comment 
Deutsche Börse Group provides shareholders and analysts with comprehensive continuous information about the company’s business development. On this page, please find the most recent monthly trading statistics and business performance figures as...


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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