RECENT NEWS
The Economic Times  Mar 2  Comment 
Business development function has witnessed nearly 9 per cent jump in demand in just three months (Dec 2014-Feb 2015), says TimesJobs RecruiteX data.
Forbes  Feb 25  Comment 
Recognizing when an accelerating technology is ready for entrepreneurial development is the key to building successful business—but to do that you need to be able to see beyond the hype.
Jutia Group  Feb 17  Comment 
[Business Wire] - McKesson Corporation today announced that Bansi Nagji has been appointed executive vice president of corporate strategy and business development. Starting this week, Na Read more on this. McKesson Corporation (MCK), with a...
TechCrunch  Feb 17  Comment 
 iZettle, the Swedish payments startup that has been called the ‘Square of Europe’ for its mobile-based point of sale services, is taking its business development strategy up another notch today: the company — which currently processes...
The Times of India  Feb 11  Comment 
A high power delegation of FKCCI Office Bearers and Officials led by S Sampathraman, President, FKCCI met Siddaramaiah, Chief Minister of Karnataka on Wednesday and discussed various Industry related issues to the conduct of Business Development...
Cloud Computing  Feb 4  Comment 
Ron Carovano, Mgr. Business Development for Security Solutions, gives us the scoop on what customers are asking for from security vendors, including F5. Consolidation, visibility, mobility and management are all on the table. Point products do not...
OilVoice  Feb 2  Comment 
Garry McCraw who is based in the Sureclean Oldmeldrum office has joined the Senior Management Team in the role of Business Development Manager. Garry is responsible for driving growth in the company
Insurance Journal  Jan 28  Comment 
CNA Financial Corp. has named Chris Middleton business development leader in Los Angeles. Middleton is responsible for leading the execution of distribution management and sales initiatives. Middleton has more than 14 years of experience,...
TechCrunch  Jan 28  Comment 
 You’ve probably heard of the social graph and the interest graph. Now a startup called ShuttleCloud says it’s trying to help developers with “unlocking the email graph.” By email graph, ShuttleCloud means “the contacts and the...
Insurance Journal  Jan 27  Comment 
Insurance Agents & Brokers (IA&B), a tri-state trade organization based in Mechanicsburg, Pennsylvania, hired John Angstadt as business development specialist and Cheryl Shiffer as professional lines account manager for its Sales Center. Angstadt...




 
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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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