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Insurance Journal  Jul 24  Comment 
Gov. Nikki Haley has appointed Mike Campbell to serve on the South Carolina Workers’ Compensation Commission. Haley cited Campbell’s business experience and community involvement in the appointment. Campbell, a business development consultant...
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Pluralsight, a global leader in online training for technology and creative professionals, today announced the addition of two expert course authors, veteran IT specialists Don Jones and Greg Shields. Jones and Shields will ...
Mondo Visione  Jul 22  Comment 
b-next, a specialist provider of Market Abuse Surveillance, Insider Dealing and Compliance software solutions, announces the appointment of Christoph Böhmerle as International Projects and Business Development Manager. Mr Böhmerle will supervise...
Cloud Computing  Jul 21  Comment 
VisiQuate, a leading provider of business analytics solutions, announced that it has received a significant contribution to its $6M+ Series C round from First Analysis, a Chicago-based leading private growth-equity investor....
Cloud Computing  Jul 17  Comment 
Tintri Inc., the leading producer of smart storage for virtualization and cloud environments, today announced the appointment of Andrew Lee as Executive Vice President, Alliances. In this role, Lee will lead strategic alliances and support...
DailyFinance  Jul 17  Comment 
Garrison Capital Inc. a business development company (the “Company”) (NASDAQ: GARS), today announced that certain of its stockholders (the “Selling Stockholders”), affiliates of funds managed or advised by Garrison...
Cloud Computing  Jul 16  Comment 
The Internet of Things is a natural complement to the cloud and related technologies such as Big Data, analytics, and mobility. In his session at Internet of @ThingsExpo, Joe Weinman will lay out four generic strategies – digital disciplines...
Cloud Computing  Jul 16  Comment 
Park City Group (NASDAQ:PCYG), a cloud-based software company that uses big data management to help retailers and their suppliers sell more, stock less and see everything, today announced Frederic Van Roie has joined...
Cloud Computing  Jul 16  Comment 
eVerge Group welcomes David Hermanski as Director of Business Development. In this role, Mr. Hermanski will work with clients to deliver Enterprise Information Management solutions such as data quality, data governance...
WA Business News  Jul 16  Comment 
Sino Gas & Energy Holdings has appointed former Ophir Energy commercial and business development director Glenn Corrie as the firm’s new chief executive officer.




 
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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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