BX
2nd
Blackstone
$102.43Bn
136.10
-1.15%
-19.89%
The profile explicitly mentions that Blackstone earns management fees from investment vehicles including BDCs (Business Development Companies).
ARCC
Ares Capital
$14.39Bn
20.04
+0.15%
-10.42%
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.
BXSL
Blackstone Secured Lending Fund
$5.76Bn
24.74
+0.24%
-15.85%
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
$5.62Bn
11.40
+0.18%
-19.83%
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
$5.39Bn
57.69
-0.64%
-12.11%
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
$5.20Bn
11.37
-0.52%
-22.49%
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).
FSK
FS KKR Capital
$3.48Bn
12.43
+0.89%
-31.17%
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.
GBDC
Golub Capital Bdc
$3.38Bn
13.00
+0.23%
-11.32%
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.
HTGC
Hercules Capital
$3.30Bn
17.64
-0.62%
-8.93%
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.
OAK-PA
2nd
Brookfield Oaktree Holdings
$3.24Bn
20.21
-0.88%
-6.87%
The company's Credit segment specifically includes business development companies (BDCs) as part of its investment strategies.
TSLX
Sixth Street Specialty Lending
$1.75Bn
18.38
+0.33%
-25.19%
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.
TRIN
Trinity Capital
$1.71Bn
18.22
-0.71%
+12.54%
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.
CSWC
Capital Southwest
$1.57Bn
24.58
+0.12%
+6.87%
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
$1.29Bn
15.23
+0.26%
-15.25%
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.
OCSL
Oaktree Specialty Lending
$1.15Bn
13.06
-0.53%
-5.91%
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.
PSEC
Prospect Capital
$1.14Bn
2.23
+1.83%
-22.84%
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.
FRBP
Franklin BSP Capital
$1.14Bn
8.51
+11.97%
-17.14%
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
$1.12Bn
9.96
+0.71%
-12.25%
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.
BBDC
Barings BDC
$943.41Mn
9.01
+0.00%
-4.25%
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
$890.61Mn
13.45
-0.15%
-10.93%
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.
CGBD
Carlyle Secured Lending
$808.49Mn
11.69
+1.04%
-15.35%
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.
MFIC
MidCap Financial Investment
$792.42Mn
9.62
+0.21%
-25.77%
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.
BCSF
Bain Capital Specialty Finance
$766.75Mn
11.82
-0.42%
-24.18%
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.
FDUS
Fidus Investment
$745.04Mn
19.63
+0.26%
-8.19%
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.
PFLT
PennantPark Floating Rate Capital
$732.23Mn
7.38
-0.67%
-27.72%
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.
NMFC
New Mountain Finance
$706.50Mn
7.48
+0.13%
-29.03%
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.
SLRC
SLR Investment
$685.75Mn
12.57
-0.48%
-24.05%
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.
GAIN
Gladstone Investment Corporation\De
$653.08Mn
16.40
+0.12%
+15.98%
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.
NCDL
Nuveen Churchill Direct Lending
$618.33Mn
12.52
-0.32%
-21.80%
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
$574.07Mn
12.66
+0.48%
-9.70%
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.
GLAD
Gladstone Capital
$454.12Mn
20.10
-0.05%
-22.69%
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.
CCAP
Crescent Capital BDC
$382.09Mn
10.37
-0.77%
-34.82%
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.
CION
CION Investment
$361.15Mn
7.34
-0.41%
-28.81%
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.
TCPC
BlackRock TCP Capital
$341.48Mn
4.07
+0.25%
-43.31%
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.
HRZN
Horizon Technology Finance
$324.18Mn
4.84
-0.41%
-30.46%
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.
PSBD
Palmer Square Capital BDC
$317.58Mn
10.33
-0.19%
-25.25%
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.
SAR
Saratoga Investment
$286.69Mn
17.60
-0.96%
-30.05%
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.
RWAY
Runway Growth Finance
$280.73Mn
6.65
+0.76%
-37.97%
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.
NSLR
Neostellar Capital
$267.38Mn
10.10
+0.90%
+16.36%
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.
SCM
Stellus Capital Investment
$251.17Mn
8.76
+0.34%
-40.57%
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
$243.55Mn
3.73
+0.00%
-48.12%
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.
LIEN
Chicago Atlantic BDC
$235.51Mn
10.32
-0.10%
-5.02%
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.
TPVG
TriplePoint Venture Growth BDC
$212.51Mn
5.22
-2.61%
-23.24%
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.
EARN
Ellington Credit
$163.76Mn
4.36
-0.23%
-23.24%
Ellington Credit Company is a closed-end management investment company that originates and holds loans and equity in private middle-market businesses via corporate CLOs and loan accumulation facilities. It is structured as a registered investment company that distributes income to shareholders, matching the BDC profile of originating and holding private credit portfolios.
WHF
WhiteHorse Finance
$152.48Mn
7.10
+0.14%
-18.30%
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.
OXSQ
Oxford Square Capital
$141.83Mn
1.35
+0.00%
-38.64%
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.
BCIC
BCP Investment
$90.88Mn
7.34
+0.55%
-39.34%
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
$88.89Mn
46.00
+0.79%
-4.67%
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.
GECC
Great Elm Capital
$83.34Mn
6.00
+0.84%
-46.67%
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.
AFCG
Advanced Flower Capital
$81.00Mn
3.57
-1.38%
-22.39%
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.
OFS
OFS Capital
$52.39Mn
3.91
-1.01%
-54.75%
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.
RAND
Rand Capital
$31.12Mn
10.48
+1.85%
-29.33%
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
$14.11Mn
1.01
-0.98%
-56.09%
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
$12.84Mn
0.89
+1.14%
-69.42%
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
$2.41Mn
0.02
+0.00%
-60.00%
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.
LAAI
Loan Artificial Intelligence
$4.54K
0.01
+0.00%
-99.91%
The company is a developmental stage entity focused exclusively on identifying and pursuing merger or acquisition opportunities to acquire private businesses. It explicitly lists 'traditional business development companies' as its direct competitors and intends to use its stock as consideration to acquire target businesses, matching the operational profile of a BDC-like vehicle seeking private middle-market investments.