The BDC industry is growing rapidly and as of 2022 there were 138 BDCs with over $274 billion in AUM investing in small- and medium-sized businesses across the country. This financing helps businesses expand and create jobs, providing much needed growth to Main Street USA. Nascent companies rely on BDCs to purchase land, equipment, and factories. The more capital there is available to BDCs means more American small businesses have the opportunity for growth.
Created in 1980 with overwhelming bipartisan Congressional support, Business Development Companies (BDCs) are job-creating engines that provide access to capital for American small- and medium-sized businesses.
BDCs invest more than 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.
By The Numbers
There are currently 138 BDCs with over $274 billion in AUM investing in small- and medium-sized businesses across the country.
There are 47 publicly traded BDCs with $130 billion in aggregate assets, allowing ordinary investors a chance to purchase shares in the growth of middle market America.
There are 69 private BDCs with $57 billion in aggregate assets.
There are 22 non-traded BDCs with aggregate assets of $87 billion
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