OilVoice  Mar 16  Comment 
NEW YORK, NY (USA) 3/16/17   Conrado Rodrigues, a specialist in the natural gas industry, has joined ...
Mondo Visione  Mar 16  Comment 
Baymarkets Technology AB (Baymarkets), a leading Nordic provider of FinTech and RegTech solutions to the global financial services industry, announced today the appointment of Per Andersson as Head of Sales and Business Development.  His...
Forbes  Mar 14  Comment 
There's nothing like a business development deal to give a sense of scale to a mountain of scientific hype.
OilVoice  Mar 14  Comment 
Great Yarmouth based Prior Diesel, a Suretank company and leading global supplier of diesel driven p ...
Cloud Computing  Mar 9  Comment 
A growing number of BDMs (business development) today have a technology or product marketing background. Their role - increase product reach through piggyback marketing. The job description of BDM is pretty straight-forward - find new...
Mondo Visione  Mar 9  Comment 
Symphony Financial Partners (Singapore) Pte. Ltd. ("Symphony Financial Partners") today announced the appointment of industry veteran Hiroyuki Abe as Head of Business Development based in Tokyo. Hiroyuki brings with him 17 years of expertise,...
Automotive World  Mar 7  Comment 
As part of the market expansion strategy for MAN Engines in Las Americas, Jürgen Haberland (40) will continue to expand the business in the role he is set to take up on August 1, 2017: Head of Business Development Off-Road and Power. The manager,...
Automotive World  Feb 27  Comment 
Chuck Brokish, Director of Automotive Business Development, Green Hills Software has been confirmed as a speaker at Connected Car Detroit. Chuck Brokish is Director of Automotive Business Development at Green Hills Software. He has over 25 years...


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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