Cellular News  12 hrs ago  Comment 
Codero Holdings, Inc. (Codero), a leader in infrastructure and technology enablement, announced the appointment of sales and business development veteran Josh Mellott to manage the strategic Rural Local Exchange Carrier (RLEC)...
OilVoice  Jul 3  Comment 
iSURVEY has expanded its global team with the addition of two new business development managers, bas ...
Insurance Journal  Jun 29  Comment 
JLT Specialty USA has named Jennifer Schaeffer senior vice president. Schaeffer will be based in Based in San Francisco, Calif. She will focus on business development with specialties in technology, fintech and private equity. Schaeffer has...
Mondo Visione  Jun 29  Comment 
Award-winning Horizon Software announced today that Ben Wood has joined as new senior sales manager, responsible for business development across the US and EMEA. Horizon is the leading provider of electronic trading solutions and algorithmic...
Cloud Computing  Jun 28  Comment 
"We do one of the best file systems in the world. We learned how to deal with Big Data many years ago and we implemented this knowledge into our software," explained Jakub Ratajczak, Business Development Manager at MooseFS, in this
Insurance Journal  Jun 27  Comment 
Nan D. Brunson has been appointed full-time president & CEO of Gulfstream Property & Casualty Insurance Co. and its affiliates, as well as president & CEO of Catawba Insurance Co. Brunson currently serves as vice president of Business Development...
Mondo Visione  Jun 20  Comment 
  Successful business development event in Taipei A delegation from the European Bank for Reconstruction and Development (EBRD) is visiting Taipei today for a conference with Taiwanese business to discuss opportunities for cooperation in the...
Mondo Visione  Jun 13  Comment 
Dash Financial Technologies today announced the appointment of Robert Boylan as Managing Director, Business Development. In this role he will be responsible for further building the firm’s business among both its buy and sell side client...
Clusterstock  Jun 13  Comment 
Merlin Entertainments's stock price tumbled on Tuesday, after the owner of theme park Alton Towers, Legoland, and the iconic London Eye, said its drop in trading and dampened outlook was due to the terror attacks in Manchester and London. The...
Mondo Visione  Jun 12  Comment 
Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) today announced Canada's leading equity markets have expanded into Israel. This move will focus on strengthening relationships with the Israeli business community and exploring new ...


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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