RECENT NEWS
Automotive World  Oct 8  Comment 
Since the announcement that the successful DS product line was to become a stand-alone brand, DS has decided to use its success to go global, targeting over 200 of the world's wealthiest cities The post Interview: Eric Apode, Vice President,...
Insurance Journal  Oct 7  Comment 
Insurance broker Willis North America has appointed Charles “Chip” Storm as vice president, Property & Casualty, with its Willis of Tampa operation. In this role, Storm will be responsible for business development and client retention. He will...
newratings.com  Oct 2  Comment 
GRENKELEASING AG: Excellent new business development in the first nine months of 2014: Growth of 14.9% DGAP-News: GRENKELEASING AG / Key word(s): Miscellaneous GRENKELEASING AG: Excellent new business development in the first nine months of 2014:...
Mondo Visione  Sep 26  Comment 
The Stock Exchange of Thailand (SET) has appointed Rinjai Chakornpipat as Senior Vice President and Head of Product Business Development, to further enhance SET’s investment instruments and diversify to new businesses in order to meet investors...
SeekingAlpha  Sep 25  Comment 
By Reuben Sushman: UBS ETRACS Wells Fargo Business Development Company ETN (NYSEARCA:BDCS), and the UBS ETRACS 2X Leveraged Long Wells Fargo Business Development Company ETN (NYSEARCA:BDCL) are both notes, with the unleveraged one due April 26,...
TechCrunch  Sep 22  Comment 
 Lootsie, a startup that allows advertisers to present mobile app users with special rewards, announced today that it has hired its first chief operating officer, Steve Cho. Cho previously worked in sales at IBM, and he was most recently vice...
Benzinga  Sep 18  Comment 
Ocera Therapeutics, Inc. (Nasdaq: OCRX), a clinical stage biopharmaceutical company focused on acute and chronic orphan liver diseases, today announced that Steven P. James has been appointed to the Company's Board of Directors. Mr. James will...
Insurance Journal  Sep 17  Comment 
San Diego, Calif.-based ICW Group has added Stacey McAdam to a director-level position on its workers’ compensation executive team. McAdam will oversee business development, underwriting and agent outreach initiatives for ICW Group’s western...
The Economic Times  Sep 17  Comment 
The government has allowed Boards of Maharatna and Navratna central public sector enterprises (CPSEs) to create below-Board level posts whenever necessary for furthering their business development plans and promoting industrial development in the...
Benzinga  Sep 17  Comment 
Northrop Grumman Corporation (NYSE: NOC) has announced the appointment of Tarik Reyes as vice president, business development for its integrated air and missile defense division (IAMD) in its Information Systems sector, effective immediately....




 
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

Business Plan Writer | Business Plan Writers | Business Plan Writing Service | Business Plan Service

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki