More terms
Business Development Company (BDC)
A regulated pooled vehicle that invests mainly in debt or equity of smaller, developing, or distressed companies and may provide managerial assistance.
What traders should verify
For Business Development Company (BDC), inspect the legal structure, adviser and Form ADV, investor eligibility, strategy, holdings, fees, leverage, liquidity, conflicts, and reporting date.
Do not conflate
The label Business Development Company (BDC) does not by itself establish registration status, current holdings, liquidity, risk, performance, or investor eligibility.
Primary source
SEC definitionSource boundary: this glossary reflects SEC staff views and is not a Commission rule, regulation, or statement. Check the linked source for current wording and legal context.