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Mondo Visione  Aug 24  Comment 
BNP Paribas Investment Partners announces the appointment of Claus Hecher as Head of Business Development for Germany, Austria and the German-speaking regions of Switzerland, as it continues to strengthen its indexed fund and ETF business in...
Yahoo  Aug 19  Comment 
The move affects nearly 17% of the organization.
Insurance Journal  Aug 15  Comment 
Lansing, Mich.-based AF Group announced the December retirement of Mike Britt, president of one of its member companies, Accident Fund Insurance Co. of America. Al Gileczek, current senior vice president of business development at Accident Fund,...
Insurance Journal  Aug 11  Comment 
IFG Companies has added Brett M. Blumencranz as senior vice president, and head of Sales and Marketing. Blumencranz comes to IFG with more than 20 years of experience in business development within the financial services industry, including the...
newratings.com  Aug 10  Comment 
CANCOM SE: half-year figures confirm successful business development and growth path DGAP-News: CANCOM SE / Key word(s): Half Year Results CANCOM SE: half-year figures confirm successful business development and growth path 10.08.2016 /...
Insurance Journal  Aug 9  Comment 
Westlake Village, Calif.-based Aptus Risk Solutions Inc. has named Gary Evans vice president of sales and business development. Evans has 20 years of experience in sales and client service with various risk consulting and related technology firms....
Benzinga  Aug 5  Comment 
Baird still believes Fidus Investment Corp (NASDAQ: FDUS) remains one of the best positioned BDCs in the sector as it reiterated its Outperform rating and $17 price target on the shares, implying an upside of 8 percent from current levels. A...
newratings.com  Aug 4  Comment 
STADA Arzneimittel AG: Excellent business development in the first six months of 2016 - reported and adjusted key earnings figures significantly above previous year - very good cash flow development - Executive Board presents details on further...
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...




 
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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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