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Business Development Company: Wikis


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A Business Development Company or BDC is a form of publicly traded private equity vehicle in the United States.

Historically, in the United States, there had been a group of publicly traded private equity firms that were registered as business development companies (BDCs) under the Investment Company Act of 1940. [1]

Typically, BDCs are structured similar to real estate investment trusts (REITs) in that the BDC structure reduces or eliminates corporate income tax. In return, REITs are required to distribute 90% of their income, which may be taxable to its investors.


As of the end of 2007, among the largest BDCs by market value, are (in alphabetical order):

See also


  1. ^ Companies must elect to be treated as a "business development company" under the terms of the Investment Company Act of 1940 (Investment Company Act of 1940: Section 54 -- Election to Be Regulated as Business Development Company)


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