RECENT NEWS
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....
DailyFinance  Sep 15  Comment 
SILVERDALE, WA -- (Marketwired) -- 09/15/14 -- CGrowth Capital, Inc. (PINKSHEETS: CGRA) (the "Company") is pleased to announce that its CEO has recently returned from a successful trip to New York City to meet with funding groups and to discuss...
OilVoice  Sep 15  Comment 
Mr. Henry Milholland President and CEO of Canadian Overseas Petroleum Limited TSXV XOP LSECOPL announce the appointment of Dr. Richard Mays as Vice President of Business Development and General
Insurance Journal  Sep 12  Comment 
Hamilton Insurance Group today announced that Barbara C. Bufkin will be joining its U.S. operations, Hamilton USA, as executive vice president, Business Development. Reporting to Hamilton USA CEO Conan Ward, Bufkin will be responsible for...
DailyFinance  Sep 12  Comment 
WHITE PLAINS, NY -- (Marketwired) -- 09/12/14 -- Valuesetters Inc. (PINKSHEETS: VSTR) announced that it has acquired MAC Venture Group LLC ("MAC") for a purchase price of $200,000. MAC will operate as a wholly owned subsidiary of...
Insurance Journal  Sep 11  Comment 
The ACE Group announced the appointment of Joan Torradeflot Botet as Director of Business Development for its Accident and Health (A&H) insurance business in Catalonia and the Balearic Islands, effective immediately. H will be responsible for the...
Mondo Visione  Sep 10  Comment 
REDI Holdings LLC (“REDI”), the independent, industry-backed provider of the REDIPlus® execution management system (EMS), today announced the appointment of Michael Lax as Head of EMEA Sales. In this role Mr. Lax will be responsible for...




 
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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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