RECENT NEWS
Mondo Visione  Jul 27  Comment 
FlexTrade Systems (@FlexTrade), a global leader in multi-asset execution and order management systems, today announced the appointment of Shane Remolina as Director of Sell-Side OMS Technologies for North America.  Based in the company’s...
Insurance Journal  Jul 25  Comment 
The Massachusetts-based agency coalition and services network, Renaissance Alliance Insurance Services, has named Michael R. Christiansen to the position of managing director, Strategic Business Development. In this role, Christiansen will work...
Insurance Journal  Jul 22  Comment 
EPIC Insurance Brokers & Consultants (EPIC), a retail property/casualty insurance brokerage and employee benefits consultant, has added Will Ogilvie in the firm’s southwest regional office. He will be based in Houston and report to Brett Haugh,...
Mondo Visione  Jul 21  Comment 
Richard Walker will join from LCH Brings extensive strategic sales and marketing experience across buy and sell side in both listed and OTC markets Key appointment ahead of CurveGlobal September go-live CurveGlobal, the new interest...
OilVoice  Jul 21  Comment 
Occidental Petroleum Corporation NYSE OXY announced today that Oscar K. Brown will join the company as Senior Vice President Worldwide Business Development effective August 9 2016. Mr. Brown wil
newratings.com  Jul 21  Comment 
LONDON (dpa-AFX) - Engineering support services company Babcock International Group Plc. (BAB.L) reported Thursday, in its trading update, that the financial year has started well, with the Group trading in line with expectations of further...
Reuters  Jul 18  Comment 
Ten London start-ups have made inquiries about moving to Berlin since Britain voted to leave the European Union, business development group Berlin Partner said on Monday.
The Economic Times  Jul 18  Comment 
Chandani was previously the senior director and head – segment solutions and consumer experiences – India & South Asia at VISA.
Cloud Computing  Jul 12  Comment 
"We are an outsourcing company, offering sysadmin and DevOps services mostly for managed service providers, cloud providers and hosting providers," stated Nikola Trajkovic, Business Development Manager at SuperAdmins, in this SYS-CON.tv interview...
Automotive World  Jul 11  Comment 
Michael Nash speaks to ZF’s Peter Lake about vehicle safety, automated driving and efficiency The post Interview: Peter Lake, Executive VP Sales and Business Development, Member of the Board of Management, ZF appeared first on Automotive World.




 
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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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