Cloud Computing  Jul 12  Comment 
"We are an outsourcing company, offering sysadmin and DevOps services mostly for managed service providers, cloud providers and hosting providers," stated Nikola Trajkovic, Business Development Manager at SuperAdmins, in this interview...
Automotive World  Jul 11  Comment 
Michael Nash speaks to ZF’s Peter Lake about vehicle safety, automated driving and efficiency The post Interview: Peter Lake, Executive VP Sales and Business Development, Member of the Board of Management, ZF appeared first on Automotive World.
Insurance Journal  Jul 8  Comment 
Risk and insurance advisor Crystal & Company has hired Jason Bishara as director in its Miami office. His responsibilities include new business development and senior level client relationship management. Bishara has more than 20 years of...
The Economic Times  Jul 5  Comment 
Bose would be responsible for leading team of sales, business development, solution engineering and marketing resources to SMEs, a company statement said.
WA Business News  Jul 4  Comment 
SPECIAL REPORT: For indigenous entrepreneur Blaze Kwaymullina, the Pilbara is not the remote desert that many other Australians would perceive it, but rather the crucible of Aboriginal business development in this country.
Insurance Journal  Jun 28  Comment 
Lafayette, Calif.-based Stone Creek Insurance Agency has named Megan Gracey a personal lines manager for its Northern California office. Gracey specializes in customer service, account management, annual client review and business development. She...
Forbes  Jun 27  Comment 
Howard is Executive Director and Head of Corporate Governance Business Development for MSCI ESG Research. He is a co-founder and former CEO of GovernanceMetrics International, which merged with The Corporate Library and Audit Integrity in 2010 to...
Cloud Computing  Jun 24  Comment 
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns,...
Insurance Journal  Jun 24  Comment 
Lockton has named Alex Michon an executive vice president and leader of client service and business development in its new Sacramento, Calif. office. Michon is a 21-year veteran of Aon, where he was vice president and Sacramento office leader. He …
Insurance Journal  Jun 23  Comment 
B&H Risk Services has hired Kate Abbate to focus on business development in Houston and San Antonio. Experienced in insurance underwriting and brokering, Abbate joined B&H Risk Services from Burns & Wilcox. Abbate is based in Houston. Source: B&H...


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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