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Automotive World  Jun 15  Comment 
David McShane, Vice President Business Development, Ricardo has been confirmed as a speaker at Fuel Economy Detroit. David McShane is Vice President of Business Development at Ricardo – a global engineering, strategic and environmental...
Forbes  Jun 7  Comment 
More than ever, companies look to finance professionals to contribute to overall business strategy. Some even rely on them to support recruiting and talent acquisition, a task many might feel falls outside traditional accounting and finance...
Forbes  Jun 6  Comment 
I've been in some form of business development for over 15 years now. Whether it was as a radio salesperson, or the CEO of a social media agency, one thing was always the same-- sales is all about relationships.
Forbes  Jun 4  Comment 
Business development corporations (BDCs) are a great addition to a high-yield portfolio. With yields over 8%, and sometimes even over 10%, these companies provide a strong income stream right now, and can bolster the overall yield of your portfolio.
newratings.com  Jun 2  Comment 
BEIJING (dpa-AFX) - Aoxin Tianli Group, Inc. (ABAC) Thursday announced the appointment of Wocheng Liu as a director, chairman and co- chief executive officer. Liu will replace Li, who resigned from her position as chairperson, effective...
Insurance Journal  Jun 2  Comment 
Texas-based workers’ compensation insurer, Service Lloyds Insurance Co., has added Todd Richardson as the business development manager in its Underwriting unit. He is responsible for the overall leadership of the underwriting operation,...
Insurance Journal  May 31  Comment 
Property/casualty insurer Zurich has named Dave Anderson to be head of Credit & Political Risk, effective immediately. A 14-year veteran of Zurich, Anderson since 2012 has been global business development director for Credit & Political Risk. In...
Insurance Journal  May 26  Comment 
EPIC Insurance Brokers and Consultants has named Jake Perata an insurance broker/producer for the firm’s Sacramento, Calif.-based golf insurance services practice. Perata is responsible for new business development and the design and...
Insurance Journal  May 26  Comment 
QBE European Operations has appointed Alfonso De Mares as Business Development manager for Latin America. Alfonso joined QBE European Operations’ International Markets division in April and will be based in Miami. Reporting to Tim Harris,...
Forbes  May 25  Comment 
Business development is all about persuasion. But those who begin relationships by trying to persuade are missing the point. Better to begin relationships by establishing them. Here are four ways to do that.




 
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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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