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Insurance Journal  Apr 22  Comment 
CompWest Insurance Co. has hired Edward Pedroza as a business development consultant in its Northern Los Angeles/Inland Empire territory. Pedroza will be responsible for account underwriting, agency relationships and overall territory management....
Insurance Journal  Apr 21  Comment 
Fort Worth, Texas-based InsureZone has added Renee Gage as vice president of business development. Gage brings more than 25 years of operational experience to InsureZone. She started her insurance career with Union National Life and Fire Insurance...
TechCrunch  Apr 9  Comment 
 If you’re big on YouTube or Vine or whatever, a startup called FanBread aims to help you make money — specifically by building and monetizing a website of your very own. The company is only emerging from stealth mode today, but founder and...
Biomass Magazine  Apr 7  Comment 
Algenol is joining U.S. Secretary of Energy Ernest Moniz and the U.S. Secretary of Commerce Penny Pritzker on a business development mission to China. GE, Southern Co., Honeywell, Praxair, Alcoa, and Lockheed Martin also traveling with the group.
Insurance Journal  Apr 7  Comment 
Safety National Casualty Corporation has hired Tom Leahy as business development manager. Leahy is based in New York City. Leahy brings over 15 years of industry-related business development and account management experience. He held a variety of...
Insurance Journal  Mar 30  Comment 
Texas-based Mullis Newby Hurst LP, which specializes in construction insurance and surety bonds in the Southwest, recently hired Doug Reed as an account executive. Previously Reed was director of business development for Chem Can Services LLC and...
The Straits Times  Mar 25  Comment 
March 26, 2015 2:31 AM LOCAL start-up MoolahSense has received multimillion-dollar financing to expand its marketing and business development here for its crowdfunding website.
The Economic Times  Mar 25  Comment 
Detailed business development studies are being carried out under the Jal Marg Vikas Project for identifying all business opportunities.
Insurance Journal  Mar 24  Comment 
Heffernan Insurance Brokers has named Seth Holmberg assistant vice president of health benefits in its Walnut Creek, Calif. office. Holmberg will be responsible for business development for the employee benefits division. Holmberg comes from an...
Insurance Journal  Mar 24  Comment 
Los Angeles, Calif.-based The Cooperative of American Physicians Inc. has named Hammon P. Acuna senior vice president of business development. Acuna will direct the activities and performance of all business development activities, including CAP...




 
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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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