ABOUT BDCs
Created in 1980 with overwhelming bipartisan Congressional support, Business Development Companies (BDCs) are a job-creating engine that provides access to capital for American small- and medium-sized businesses. BDCs invest in and provide management expertise to these companies to help them grow. BDCs invest at least 70% of their total assets in “eligible portfolio companies,” which are generally defined as public and private U.S. operating companies valued at under $250 million.
In addition to providing access to capital for small and middle market companies, BDCs also allow individual investors access to highly-regulated investment opportunities that were once available to only wealthy individuals and institutional investors.
See how business development companies are making an impact in your state.
There are 93 BDCs operating today.
- 53 traded BDCs with $33 billion aggregate market cap and $60 billion in assets
- 20 private BDCs with aggregate assets of $7 billion
- 20 non-traded BDCs with aggregate assets of $23 billion