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DailyFinance  12 hrs ago  Comment 
AUSTIN, TX -- (Marketwired) -- 04/14/14 -- EmployerDirect, a leader in value-based healthcare that helps large, self-insured employers provide transparency for the quality and cost of their employees' planned medical procedures, is pleased to...
Cloud Computing  Apr 14  Comment 
AudioEye, Inc. (OTCQB: AEYE) has partnered with K3 Strategic Development Group to develop and execute a calculated partnering effort designed to increase awareness of the Audio Internet® Accessibility Platform and accelerate sales within the...
Cloud Computing  Apr 14  Comment 
CAMBRIDGE, Mass. , April 14, 2014 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the leading provider of cloud services for delivering, optimizing and securing online content and business applications, today announced the appointment...
DailyFinance  Apr 11  Comment 
CRYSTAL SPRINGS, FL--(Marketwired - April 11, 2014) - CES Synergies, Inc. (OTCQB: CESX) announces that its subsidiary, Cross Environmental Services, Inc. (CES), has hired James L. Reynolds as a Manager for Business Development for its...
DailyFinance  Apr 11  Comment 
BURLINGTON, MA -- (Marketwired) -- 04/11/14 -- NetBrain Technologies, innovator in network automation technology, announced that it has received a minority investment from Summit Partners. NetBrain will use the funding to drive rapid market...
DailyFinance  Apr 11  Comment 
Joseph Estrada as Director of Business Development Will Lead the Company's Efforts for Media Sales, Advertising and Partnerships for New NetworksLAS VEGAS, NV -- (Marketwired) -- 04/11/14 -- Players Network (OTCQB: PNTV), a Digital Television,...
DailyFinance  Apr 10  Comment 
Intelligent lighting solutions company Lighting Science, announced the appointment of Jennifer Sethre as President, and Randy Mortensen as Executive Vice President of Sales and Business Development, effective immediately. Both...
Cloud Computing  Apr 10  Comment 
TokBox, a Telefónica company, today announced the appointment of Scott Lomond to CEO, from his former role as Vice President, Marketing and Business Development at TokBox. Outgoing CEO Ian Small will become Chairman of the Board, continuing in...
TechCrunch  Apr 10  Comment 
 Fundbox, a startup that helps SMBs improve cash flow from clients, has raised $17.5 million in funding led by Khosla Ventures with SV Angel, Vikram Pandit, former CEO of Citigroup; Tom Glocer, former CEO of Thomson Reuters; Jay Mandelbaum,...
Cloud Computing  Apr 10  Comment 
Infoblox Inc. (NYSE:BLOX) today announced Scott Fulton has joined Infoblox as executive vice president of products, effective immediately. Fulton is responsible for product strategy, product management, technical marketing and...




 
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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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