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The Straits Times  Mar 25  Comment 
March 26, 2015 2:31 AM LOCAL start-up MoolahSense has received multimillion-dollar financing to expand its marketing and business development here for its crowdfunding website.
The Economic Times  Mar 25  Comment 
Detailed business development studies are being carried out under the Jal Marg Vikas Project for identifying all business opportunities.
Insurance Journal  Mar 24  Comment 
Heffernan Insurance Brokers has named Seth Holmberg assistant vice president of health benefits in its Walnut Creek, Calif. office. Holmberg will be responsible for business development for the employee benefits division. Holmberg comes from an...
Insurance Journal  Mar 24  Comment 
Los Angeles, Calif.-based The Cooperative of American Physicians Inc. has named Hammon P. Acuna senior vice president of business development. Acuna will direct the activities and performance of all business development activities, including CAP...
Automotive World  Mar 24  Comment 
ChargePoint is looking at a number of ways to further the EV charging station network across the US, and believes a flexible approach is necessary The post Interview: Simon Lonsdale, Vice President of Business Development, ChargePoint appeared...
Insurance Journal  Mar 18  Comment 
The South Central operation of property/casualty wholesale insurance broker All Risks Ltd. has added Eric Graves as a producer in Dallas. Graves joins the Dallas office as a brokerage underwriter and brings proven abilities in sales, marketing and...
Automotive World  Mar 17  Comment 
Automotive Megatrends USA: Greg Ross from GM talks about how the company is pushing the development of the connected car The post Interview: Greg Ross, Global Director, Business Development and Alliances, General Motors appeared first on...
TheStreet.com  Mar 9  Comment 
NEW YORK (TheStreet) -- Double-digit yields are a double-edged sword. That kind of income is hard to beat -- until it gets cut. So goes the opportunity to buy THL Credit, Inc.  before this Tuesday's earnings report. THL Credit has paid out...
The Economic Times  Mar 2  Comment 
Business development function has witnessed nearly 9 per cent jump in demand in just three months (Dec 2014-Feb 2015), says TimesJobs RecruiteX data.




 
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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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