BX
2nd
Blackstone
$84.38Bn
112.12
-1.67%
-34.38%
The profile explicitly mentions that Blackstone earns management fees from investment vehicles including BDCs (Business Development Companies).
ARCC
Ares Capital
$13.71Bn
19.10
-1.34%
-6.42%
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
$5.59Bn
24.04
-2.51%
-7.79%
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
$5.17Bn
10.49
-3.05%
-17.85%
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 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
$5.14Bn
55.10
-1.43%
-13.35%
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
$4.49Bn
9.82
-4.29%
-28.94%
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).
GBDC
Golub Capital Bdc
$3.28Bn
12.63
-0.16%
-7.74%
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.
OAK-PA
2nd
Brookfield Oaktree Holdings
$3.27Bn
20.39
+0.49%
-7.15%
The company's Credit segment specifically includes business development companies (BDCs) as part of its investment strategies.
HTGC
Hercules Capital
$3.15Bn
16.83
-0.82%
-11.00%
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.
FSK
FS KKR Capital
$3.07Bn
10.99
-0.99%
-26.39%
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.
TSLX
Sixth Street Specialty Lending
$1.72Bn
18.03
-1.74%
-21.13%
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
$1.65Bn
17.56
-1.13%
+13.44%
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
$1.47Bn
23.13
-0.81%
+5.81%
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
$1.15Bn
13.64
-4.28%
-15.17%
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.
FRBP
Franklin BSP Capital
$1.11Bn
8.35
+0.00%
-12.11%
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.
PSEC
Prospect Capital
$1.07Bn
2.08
-1.89%
-24.36%
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.
OCSL
Oaktree Specialty Lending
$1.05Bn
11.90
-1.65%
-8.81%
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.
GSBD
Goldman Sachs BDC
$1.02Bn
9.10
-4.11%
-10.52%
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
$905.71Mn
8.65
-0.69%
-1.26%
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
$832.34Mn
12.57
-3.75%
-5.63%
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
$739.33Mn
10.69
-3.69%
-14.48%
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
$731.38Mn
19.27
-1.33%
-4.89%
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.
MFIC
MidCap Financial Investment
$719.94Mn
8.74
-1.35%
-27.11%
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
$716.80Mn
11.05
-1.60%
-22.46%
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.
PFLT
PennantPark Floating Rate Capital
$685.60Mn
6.91
-1.14%
-22.27%
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
$653.61Mn
6.92
-1.28%
-28.22%
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
$632.29Mn
11.59
-1.02%
-24.20%
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 Corporationde
$621.22Mn
15.60
-1.45%
+12.88%
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
$555.60Mn
11.25
-3.68%
-18.48%
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
$534.62Mn
11.79
-2.32%
-10.21%
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
$434.46Mn
19.23
-1.03%
-12.07%
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.
CION
CION Investment
$346.88Mn
7.05
-1.54%
-25.63%
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.
CCAP
Crescent Capital BDC
$338.25Mn
9.18
-3.77%
-35.62%
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.
TCPC
BlackRock TCP Capital
$335.61Mn
4.00
-1.96%
-35.48%
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
$307.43Mn
4.59
-0.86%
-24.75%
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
$305.59Mn
9.94
-0.30%
-18.99%
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.
RWAY
Runway Growth Finance
$279.47Mn
6.62
-1.49%
-34.84%
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.
SAR
Saratoga Investment
$272.03Mn
16.70
-2.00%
-31.53%
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.
LIEN
Chicago Atlantic BDC
$217.71Mn
9.54
-0.73%
-9.14%
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.
PNNT
Pennantpark Investment
$214.82Mn
3.29
-1.79%
-50.97%
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.
SCM
Stellus Capital Investment
$212.75Mn
7.42
-2.37%
-43.19%
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.
TPVG
TriplePoint Venture Growth BDC
$197.04Mn
4.84
-1.22%
-16.12%
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.
NSLR
Neostellar Capital
$195.15Mn
7.69
-0.90%
-14.56%
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.
WHF
WhiteHorse Finance
$150.12Mn
6.99
-0.85%
+1.01%
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
$134.47Mn
1.28
+0.00%
-19.50%
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.
PFX
PhenixFIN
$88.16Mn
45.62
+1.65%
-4.20%
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.
BCIC
BCP Investment
$84.07Mn
6.79
-0.88%
-41.11%
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.
AFCG
Advanced Flower Capital
$81.68Mn
3.60
-0.55%
-6.01%
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.
GECC
Great Elm Capital
$73.34Mn
5.28
+0.57%
-47.31%
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.
OFS
OFS Capital
$48.50Mn
3.62
+0.56%
-52.93%
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
$29.67Mn
9.99
+1.94%
-31.10%
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
$12.99Mn
0.93
-9.71%
-58.67%
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
$11.98Mn
0.83
-2.35%
-70.14%
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%
-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.
LAAI
Loan Artificial Intelligence
$4.54K
0.01
+0.00%
+0.00%
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.