BX
2nd
Blackstone
$105,808.21 Mn
140.59
+0.01%
-16.92%
The profile explicitly mentions that Blackstone earns management fees from investment vehicles including BDCs (Business Development Companies).
ARCC
Ares Capital
$14,123.06 Mn
19.67
+0.15%
-12.23%
Ares Capital Corporation is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC). It generates revenue from interest income on debt securities and dividend distributions from equity investments in U.S. middle market companies.
PSEC-PA
Prospect Capital
$8,130.56 Mn
16.66
-0.72%
-4.14%
Prospect Capital is explicitly described as a closed-end investment company that has elected to be regulated as a business development company (BDC). It generates revenue from interest and fee income on its investments in middle-market privately held companies.
BXSL
Blackstone Secured Lending Fund
$5,662.75 Mn
24.34
+0.54%
-18.60%
The company is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC). Its revenue is derived mainly from interest payments on a portfolio of first lien senior secured and unitranche loans made to middle-market companies.
OBDC
Blue Owl Capital
$5,621.83 Mn
11.40
-0.96%
-19.49%
The company is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC). Its primary business is originating and making loans and equity investments in U.S. middle-market companies, generating revenue from interest and dividend income.
MAIN
Main Street Capital
$5,398.67 Mn
57.83
-0.58%
-11.88%
Main Street Capital explicitly operates as an internally managed business development company (BDC) under the Investment Company Act of 1940. It originates and holds a portfolio of secured debt and equity investments in lower middle market companies, generating revenue from interest income and capital gains.
OTF
Blue Owl Technology Finance
$5,079.50 Mn
11.10
-0.18%
-25.35%
The company is a Maryland corporation that originates and holds loans and equity in private middle-market technology companies, specifically targeting software firms. It generates revenue through interest income from debt investments and dividends from equity holdings, which is the characteristic revenue model of a Business Development Company (BDC).
HCXY
Hercules Capital
$4,680.45 Mn
25.00
-0.24%
-0.40%
Hercules Capital explicitly operates as an internally managed business development company (BDC) that originates and holds loans and equity in private middle-market businesses. Its revenue is primarily derived from interest income on its debt investments and capital appreciation from equity securities.
GBDC
Golub Capital Bdc
$3,398.64 Mn
13.07
-0.38%
-11.33%
The company is explicitly structured and regulated as a business development company (BDC) under the Investment Company Act of 1940. Its revenue is generated from interest income on a portfolio of senior secured loans, second lien loans, and equity securities in U.S. middle market companies.
FSK
FS KKR Capital
$3,328.29 Mn
11.90
-0.83%
-31.69%
The company explicitly states it is a closed-end management investment company that has elected to be regulated as a business development company (BDC). Its core activity is making debt and equity investments in private middle-market companies, generating revenue from interest and dividend income.
OAK-PA
2nd
Brookfield Oaktree Holdings
$3,310.48 Mn
20.64
-1.24%
-5.54%
The company's Credit segment specifically includes business development companies (BDCs) as part of its investment strategies.
OXSQH
Oxford Square Capital
$2,623.30 Mn
24.97
+0.04%
-0.12%
Oxford Square Capital Corp. explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. Its revenue is principally derived from interest income on corporate debt securities and loans to private companies for purposes such as organic growth and acquisitions.
PFLA
PennantPark Floating Rate Capital
$2,505.25 Mn
25.25
+0.24%
—
The company explicitly identifies as a business development company (BDC) that originates and holds floating rate loans to U.S. middle-market enterprises. Its revenue is generated from interest income on its loan portfolio, structuring fees, and commitment fees.
TRNI
Trinity Capital
$2,379.73 Mn
25.31
+0.24%
-0.94%
Trinity Capital is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. It generates revenue through interest income on debt investments and dividend distributions from equity and warrant holdings in private middle-market businesses.
NMFCZ
New Mountain Finance
$2,375.48 Mn
25.15
+0.00%
-0.75%
The company explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. Its revenue is generated from interest income on senior secured loans and dividend income from equity holdings in US upper middle market companies.
MFICL
MidCap Financial Investment
$2,098.03 Mn
25.47
+0.00%
—
The company explicitly states it has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. Its core activity is originating and holding first lien senior secured loans and equity interests in private middle-market companies.
TSLX
Sixth Street Specialty Lending
$1,769.57 Mn
18.56
+0.49%
-22.76%
The company explicitly identifies as a business development company (BDC) that originates and holds loans and equity in U.S. domiciled middle market companies. Its revenue is primarily derived from interest income on senior secured loans, mezzanine loans, and dividends on equity investments.
HTFC
Horizon Technology Finance
$1,673.80 Mn
24.99
+0.08%
+1.30%
The company explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. It generates revenue through interest income from a debt investment portfolio and fee income from secured term loans made to private middle-market companies.
CSWC
Capital Southwest
$1,567.22 Mn
24.59
-0.20%
+8.90%
Capital Southwest is explicitly described as a regulated business development company (BDC) that originates and holds loans and equity in lower middle market businesses. Its revenue is primarily generated through interest income from first lien debt securities and capital appreciation from preferred and common stock.
MSDL
Morgan Stanley Direct Lending Fund
$1,301.37 Mn
15.40
+0.13%
-13.58%
The company explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. It originates and holds loans and equity in U.S. middle-market companies, generating revenue from interest income and loan origination fees.
CICB
CION Investment
$1,232.53 Mn
25.05
+0.44%
-1.61%
CION Investment Corporation is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC). It generates revenue from interest income and fees derived from investing in the senior secured debt of private U.S. middle market companies.
OCSL
Oaktree Specialty Lending
$1,139.83 Mn
12.94
+0.70%
-5.27%
The company explicitly states it is a closed-end investment company that has elected to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940. It generates revenue from interest income on a portfolio of first lien, unitranche, and mezzanine loans provided to middle-market companies.
FRBP
Franklin BSP Capital
$1,135.94 Mn
8.51
+0.00%
-16.98%
The company is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC). It generates revenue from interest income on debt investments and dividend income from equity positions in private U.S. middle market companies.
GSBD
Goldman Sachs BDC
$1,103.18 Mn
9.80
+0.10%
-12.19%
The company is explicitly structured and regulated as a business development company (BDC) under the Investment Company Act of 1940. It originates and holds a portfolio of secured and unsecured debt and equity investments in U.S. middle-market companies.
RWAYL
Runway Growth Finance
$1,060.03 Mn
25.11
-0.08%
-0.12%
The company explicitly states that it has elected to be regulated as a business development company (BDC) and operates as a closed-end management investment company. Its revenue is derived from interest income on a senior secured loan portfolio and capital gains from warrants and equity holdings in private middle-market businesses.
GAINI
Gladstone Investment Corporation\De
$1,015.06 Mn
25.49
+0.00%
-0.31%
Gladstone Investment Corporation is explicitly structured and regulated as a business development company (BDC). It originates and holds a portfolio of debt and equity securities in private lower middle market businesses, generating revenue from interest and dividend income.
BBDC
Barings BDC
$984.24 Mn
9.40
+0.00%
-2.89%
The company is explicitly structured and regulated as a business development company (BDC) under the Investment Company Act of 1940. Its primary business activity is to originate and hold senior secured private debt issued by middle market companies to generate income for shareholders.
KBDC
Kayne Anderson BDC
$883.33 Mn
13.34
+0.15%
-12.01%
The company is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC). Its revenue is derived from interest and fee income on a portfolio of first lien senior secured, unitranche, and split lien loans to private middle market companies.
BCSF
Bain Capital Specialty Finance
$782.31 Mn
12.06
+0.00%
-20.81%
The company explicitly states it has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. Its primary business is providing senior direct loans to middle market companies, generating revenue from interest income and loan origination fees.
CGBD
Carlyle Secured Lending
$775.29 Mn
11.21
-0.44%
-17.15%
The company explicitly operates as a business development company (BDC) that originates and holds a portfolio of senior secured loans to middle-market companies. Its revenue is derived from interest income, origination fees, and capital gains from these private credit investments.
FDUS
Fidus Investment
$740.49 Mn
19.51
+0.15%
-7.84%
Fidus Investment Corporation explicitly operates as an externally managed business development company (BDC) under the Investment Company Act of 1940. It originates and holds a portfolio of debt and equity investments in lower middle market businesses, generating revenue from interest income, dividends, and capital gains.
SLRC
SLR Investment
$690.12 Mn
12.65
-0.16%
-23.19%
The company is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. It generates revenue through interest and fees from a portfolio of debt and equity investments in privately held U.S. middle-market companies.
NSLRL
Neostellar Capital
$667.65 Mn
25.22
+0.08%
+0.96%
The company is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. It generates revenue from realized and unrealized gains on equity holdings and interest income from debt investments in private middle-market businesses.
NCDL
Nuveen Churchill Direct Lending
$606.97 Mn
12.29
+0.57%
-23.71%
The company explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. Its revenue is derived from interest and fees on a portfolio of senior secured loans and unitranche loans made to private equity owned middle market companies.
MSIF
Msc Income Fund
$563.19 Mn
12.42
+1.80%
-13.33%
The company explicitly operates as a business development company (BDC) that originates and holds loans and equity in private middle-market businesses. It generates revenue from interest income on senior secured loans and capital gains from equity holdings in privately held companies.
WHFCL
WhiteHorse Finance
$544.00 Mn
25.33
-0.04%
-0.67%
WhiteHorse Finance is explicitly described as a closed-end management investment company that has elected to be treated as a business development company (BDC). It originates and holds senior secured loans to privately held lower middle market businesses, generating revenue from interest income and origination fees.
GLAD
Gladstone Capital
$439.66 Mn
19.46
-0.05%
-27.74%
Gladstone Capital is explicitly described as a closed-end management investment company that has elected to be treated as a business development company (BDC). Its revenue is derived from interest payments on senior secured first lien or second lien debt and dividends from equity investments in private middle-market businesses.
SAZ
Saratoga Investment
$410.81 Mn
25.22
+0.12%
-0.36%
Saratoga Investment Corp is described as a specialty finance company that originates and holds loans and equity in private U.S. middle-market companies, specifically those with EBITDA between $2 million and $50 million. It is explicitly noted as being externally managed and operating in a competitive landscape alongside other business development companies, fitting the regulatory and operational profile of a BDC.
CCAP
Crescent Capital BDC
$398.67 Mn
10.82
+0.00%
-28.68%
The company explicitly states it has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. Its revenue is derived from interest income on debt investments and dividend income from equity holdings in private U.S. middle market companies.
GECCI
Great Elm Capital
$351.69 Mn
25.32
+0.00%
-1.25%
The company explicitly states it is a closed-end investment company that has elected to be regulated as a business development company (BDC). It generates revenue from interest and dividend income on debt and equity investments in middle-market companies.
TCPC
BlackRock TCP Capital
$342.32 Mn
4.08
+0.00%
-42.21%
The company explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. It originates and holds debt and equity investments in middle market companies, generating revenue from interest payments and origination fees.
OFSSO
OFS Capital
$340.71 Mn
25.43
+1.11%
+0.91%
OFS Capital Corp is explicitly described as a closed-end investment company that has elected to be treated as a business development company (BDC). It generates revenue from interest income on first lien, second lien, unitranche, and subordinated loans made to middle-market companies.
PSBD
Palmer Square Capital BDC
$316.04 Mn
10.28
+1.08%
-26.78%
The company explicitly states it has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. It generates revenue through interest income from first and second lien senior secured loans made to private U.S. enterprises and investments in CLO vehicles.
SCM
Stellus Capital Investment
$246.30 Mn
8.59
+0.23%
-40.92%
Stellus Capital Investment Corporation is explicitly described as a company that has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. It originates and holds loans and equity in private lower middle market companies, generating revenue from interest income and fees.
PNNT
Pennantpark Investment
$239.64 Mn
3.67
+1.66%
-48.46%
The company explicitly identifies as a business development company (BDC) that provides debt and equity capital to U.S. middle market companies. It generates revenue from interest payments on debt holdings, dividend receipts from equity positions, and origination and structuring fees.
TPVG
TriplePoint Venture Growth BDC
$224.72 Mn
5.52
+0.55%
-9.06%
The company is explicitly described as a closed-end management investment company that has elected to be treated as a business development company (BDC). It generates revenue from interest income on a loan portfolio consisting of growth capital loans, equipment financings, and revolving loans to venture growth stage companies.
LIEN
Chicago Atlantic BDC
$219.53 Mn
9.62
+1.48%
-12.31%
The company is explicitly described as a closed-end management investment company that has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. It generates revenue from interest income on its loan portfolio and dividend income from equity holdings in private middle-market businesses.
BCIC
BCP Investment
$94.84 Mn
7.66
+0.39%
-37.21%
The company is explicitly described as a business development company (BDC) that operates as a regulated investment company under the Investment Company Act of 1940. It originates and holds a portfolio of secured term loans, mezzanine debt, and bonds in private middle-market businesses.
PFX
PhenixFIN
$90.63 Mn
46.90
+1.67%
-4.34%
PhenixFIN is explicitly described as a closed-end management investment company that has elected to be regulated as a business development company (BDC). It generates revenue from interest income on senior secured loans and subordinated debt provided to privately held middle-market businesses.
AFCG
Advanced Flower Capital
$78.05 Mn
3.44
-0.86%
-13.13%
The company explicitly elected to be regulated as a business development company (BDC) under the 1940 Act. It originates and holds loans and debt securities in private middle-market businesses and cannabis operators to deliver returns through cash distributions.
RAND
Rand Capital
$30.14 Mn
10.15
+0.30%
-36.28%
Rand Capital Corporation is explicitly described as a closed-end investment company that has elected to be regulated as a business development company (BDC). It generates revenue from interest and dividend income on its debt and equity portfolio investments in privately held lower middle market companies.
EQS
Equus Total Return
$15.50 Mn
1.11
-0.89%
-43.08%
The company explicitly states it is a closed-end management investment company that has elected to be treated as a business development company (BDC). It generates revenue from interest income on debt securities and dividend distributions from investments in small and middle-market enterprises.
ICMB
Investcorp Credit Management BDC
$12.12 Mn
0.84
+1.20%
-69.00%
The company explicitly states it is a closed-end management investment company that has elected to be regulated as a business development company (BDC). Its revenue is generated from interest income on debt securities and equity positions in U.S. middle market companies.
PIAC
Princeton Capital
$2.41 Mn
0.02
+0.00%
-66.67%
Princeton Capital Corporation is explicitly described as a closed-end investment company that has elected to be treated as a business development company (BDC). It generates revenue from interest income on first lien, second lien, unsecured, and mezzanine debt investments in private small and lower middle-market companies.
