RECENT NEWS
Insurance Journal  Jun 12  Comment 
San Diego, Calif.-based ICW Group Insurance Cos. has named Gina Douglas branch manager in Texas. Based in Austin, she will oversee business development, agent outreach and workers’ compensation underwriting in the state. ICW Group began actively...
Insurance Journal  Jun 9  Comment 
Edgewood Partners Insurance Center (EPIC), a retail property/casualty and employee benefits insurance brokerage and consultant based in San Francisco, hired Rosemary Hughes as principal and senior benefits consultant. Hughes is responsible for...
Forbes  Jun 9  Comment 
Content marketing is the mercantile version of thought leadership. As such, it is increasingly becoming one of the most powerful ways to drive and support new business development.
The Hindu Business Line  Jun 8  Comment 
Verbind, a not-for-profit organisation, on Monday announced pact with Franzen Partners to promote the concept of ‘Make in India’ through collaboration for trade and business development of compani...
Forbes  Jun 2  Comment 
You come to the office on Monday morning, and after running through your email inbox, you realize that you only have a couple of minutes until your first meeting. It might be your weekly sales meeting, project meeting, operations, human resources,...
newratings.com  May 29  Comment 
Biofrontera delivers excellent business development in Q1 Biofrontera AG / Biofrontera delivers excellent business development in Q1 . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content...
Insurance Journal  May 26  Comment 
Edgewood Partners Insurance Center has added Courtney Pino as a commercial insurance broker/producer and has moved into its new Reno, Nev. offices. Pino will be responsible for new business development and the design and management of insurance...
Benzinga  May 21  Comment 
Financial expert and media personality Jeff Macke was the fireside chat host at the 2015 Benzinga Fintech Awards gala in New York on April 8. Below is the video and full transcript of his talk with JD Singh, SVP of Business Development and...
Financial Times  May 17  Comment 
Elizabeth Para joins Newton as UK institutional business development manager




 
TOP CONTRIBUTORS

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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