Mondo Visione  Oct 17  Comment 
Chicago-based R.J. O’Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the United States, announced today the appointment of industry veteran Daniel Staniford as Executive Director, responsible...
Forbes  Oct 16  Comment 
I recently interviewed Margaret Molloy, Global CMO and Head of Business Development, at global brand strategy, design and experience firm Siegel+Gale, for my CMO Insights Series (see here). In addition to having 20+ years of experience in...  Oct 5  Comment 
BAD VILBEL (dpa-AFX) - Pharma company STADA Arzneimittel AG (STDAY.PK, STDAF.PK) on Wednesday confirmed its goals for the year 2019, while presenting a broad range of initiatives that the company intends to use to leverage more growth and...
Forbes  Sep 30  Comment 
Many organizations are in the midst of digital business development and transformation, yet only 58 percent were using cloud services by the end of 2015.
Reuters  Sep 19  Comment 
China Vanke Co Ltd said it was in talks to buy assets in cash, part of the property developer's effort to accelerate the development of its new businesses.
Insurance Journal  Sep 14  Comment 
National auto and home online insurance agency Answer Financial has hired Eric Bur, most recently with The General,  as director of Business Development. Answer is expanding its business development team to grow its network of partners. Answer...
Insurance Journal  Sep 14  Comment 
Florida homeowners’ insurer Olympus Insurance Co., a leading Florida homeowners insurer, has promoted Bradley Burton to executive vice president of Underwriting and Business Development. In his new role, Burton will lead the company’s...
The Hindu Business Line  Sep 12  Comment 
L&T Infotech (LT) today said it has appointed Sudhir Chaturvedi as its President Sales. In this role, he will lead the sales, business development and marketing teams globally, LTI said in a st...


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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