Mondo Visione  Jun 20  Comment 
  Successful business development event in Taipei A delegation from the European Bank for Reconstruction and Development (EBRD) is visiting Taipei today for a conference with Taiwanese business to discuss opportunities for cooperation in the...
Mondo Visione  Jun 13  Comment 
Dash Financial Technologies today announced the appointment of Robert Boylan as Managing Director, Business Development. In this role he will be responsible for further building the firm’s business among both its buy and sell side client...
Clusterstock  Jun 13  Comment 
Merlin Entertainments's stock price tumbled on Tuesday, after the owner of theme park Alton Towers, Legoland, and the iconic London Eye, said its drop in trading and dampened outlook was due to the terror attacks in Manchester and London. The...
Mondo Visione  Jun 12  Comment 
Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) today announced Canada's leading equity markets have expanded into Israel. This move will focus on strengthening relationships with the Israeli business community and exploring new ...
Insurance Journal  Jun 8  Comment 
Sacramento, Calif.-based InterWest Insurance Services, LLC has named Kurt Hoffmann a marketing and promotions agent. Hoffmann’s responsibilities include business development, project management, community engagement and supporting growth...
Insurance Journal  Jun 6  Comment 
RIC Insurance General Agency has named Mandi Strange a business development manager focused on the Western region. Strange will expand the company’s personal and commercial lines marketing efforts, working primarily with retail insurance agents...
Insurance Journal  Jun 5  Comment 
Rancho Cordova, Calif.-based Western Insurance Agents Association has promoted Kou Brockhouse and Steven Pettersen to vice president. Both served were member services specialists before being promoted to directors of business development at WIAA....
Forbes  Jun 1  Comment 
Pete Winstead, founding member of Winstead PC, talks about the motivation behind hanging his own shingle, the values that have brought the firm to where it is today, and some of the business aspects behind his firm’s success, including...
Cellular News  May 25  Comment 
OTTAWA, Ontario andOptical networking solution provider Optelian today announced that Bryan Hall has joined the team as Senior Vice President of Sales. In his new role, Hall will lead worldwide sales and business development. ...
Cellular News  May 21  Comment 
andnbsp;MoneyOnMobile, Inc. (OTCQX: MOMT) announced today that it has hired Ankit Sahu to be its Vice President of Business Development. Click here for more.


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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