Cellular News  Aug 21  Comment 
iconectiv, an authoritative partner of the global communications industry, connecting more than two billion people every day, today announced that Stephen Ornadel, Director of Business Development EMEA, has been elected to the...
Cellular News  Aug 16  Comment 
Menlo Micro, the company responsible for re-inventing one of the most fundamental building blocks of electronic systems - the electronic switch - today announced the appointment of veteran sales professional Lew Boore to the...
Insurance Journal  Aug 14  Comment 
Meeker Sharkey & Hurley, a New Jersey-based provider of personal and commercial insurance, employee benefits and risk management services, has hired Dan Henry as vice president of business development. In this role, he is responsible for new...
Cellular News  Aug 8  Comment 
To meet its strategic growth objectives and global expansion goals, Rajant, the pioneer of innovative mobile mesh technology for private wireless networks, announced today the hiring of Michael J. Van Rassen as Executive Vice...
Motley Fool  Aug 2  Comment 
Shareholders should take little comfort in Medley Capital's frequent Form 4 filings about insider purchases.
Insurance Journal  Aug 2  Comment 
Chicago-based insurance and reinsurance services company, JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), has appointed Michael O’Brien as executive vice president. O’Brien will join JLT’s Chicago office and...
Cellular News  Jul 24  Comment 
andnbsp;CompanyVoice has announced the appointment of David Nicosia to the newly created post of Senior Vice President, Head of Business Development. Click here for more.
Motley Fool  Jul 14  Comment 
Oaktree Capital Group will take over the management of Fifth Street Finance Corp. and Fifth Street Floating Rate from Fifth Street Asset Management.
Cellular News  Jul 13  Comment 
HARTFORD, Conn.andnbsp;Wearsafe Labs, creators of the Wearsafe Personal Safety Service, today announced the appointment of Daniel Perrone to Chief Revenue Officer (CRO). With more than 20 years of experience driving revenue growth and profits...
Cloud Computing  Jul 13  Comment 
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this interview at 20th Cloud Expo, held June 6-8, 2017, at the...


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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