The BDC will be managed by Orchard First Source Capital Management, with Glenn Pittson as CEO.
FORBES: Orchard First Source BDC prints $100M IPO; loan book averages 8.41%
BDC, with its stricter disclosure requirements, is not the drastic step it would once have been.
ECONOMIST: Public offerings are all the rage for private-equity firms
And in between the brightest and darkest stars of the BDC sector you find Apollo Investment Corp. ( AINV).
FORBES: Should Retail Investors Continue to Chase BDCs Higher?
Investors in Radian6 included Summerhill Venture Partners, Brightspark Ventures and BDC Venture Capital.
FORBES: Salesforce Buys Social Media Tracker Radian6 For $340M
At current prices BDC stocks offer yields ranging from around 7% to 11%.
In 2001, Pittson co-founded the parent company, Orchard First Source Asset Management, which will have a 30% stake in the BDC.
FORBES: Orchard First Source BDC prints $100M IPO; loan book averages 8.41%
The BDC sector yields over 11%, with AINV (15%), ARCC (10%), FSC (14%) and MAIN (9%) all sport generous dividend yields.
If choosing a single BDC makes you nervous, you can buy E-TRACS WELLS FARGO BUSINESS DEVELOPMENT COMPANY INDEX ETN (BDCS, 26) .
While 2010 was a great year for BDC investors, many are looking ahead to next year wondering if the upward trends will continue.
FORBES: Should Retail Investors Continue to Chase BDCs Higher?
At the BDC, where there are many African American and Asian dancers, the sounds of the genre's Missy Elliott and Busta Rhymes reverberate.
In effect, the BDC model forces growth when prices for assets are high and the companies pay high multiples and accept lower yields during good economic times.
BDC, each has over 100 employees dedicated to middle-market lending.
ECONOMIST: Public offerings are all the rage for private-equity firms
BDC, launched a mezzanine fund in the 1980s that imploded.
ECONOMIST: Public offerings are all the rage for private-equity firms
According to the ETF Finder at ETF Channel, ACAS makes up 15.33% of the BDC Income ETF (BIZD)which is trading higher by about 0.1% on the day Friday.
FORBES: See How American Capital Ranks Among Analysts' Top Picks With Strong Buyback Activity
According to the ETF Finder at ETF Channel, TCAP makes up 5.22% of the BDC Income ETF ( AMEX: BIZD )which is trading relatively unchanged on the day Thursday.
If you are wary about the economy but want to stick your toe in the BDC pool, stick with PNNT and MAIN, battle-tested warriors who came through 2008-09 with flying colors.
According to the ETF Finder at ETF Channel, SLRC makes up 4.55% of the BDC Income ETF ( AMEX: BIZD )which is trading lower by about 0.5% on the day Monday.
According to the ETF Finder at ETF Channel, SUNS makes up 1.02% of the BDC Income ETF ( AMEX: BIZD )which is trading lower by about 0.2% on the day Friday.
According to the ETF Finder at ETF Channel, ARCC makes up 13.61% of the BDC Income ETF ( AMEX: BIZD )which is trading lower by about 0.9% on the day Friday.
According to the ETF Finder at ETF Channel, AINV makes up 6.26% of the BDC Income ETF ( AMEX: BIZD )which is trading lower by about 0.2% on the day Friday.
According to the ETF Finder at ETF Channel, FSC makes up 4.65% of the BDC Income ETF ( AMEX: BIZD )which is trading lower by about 1.8% on the day Thursday.
The channel currently has distribution deals with several U.S. cable networks, including GlobeCast , a subsidiary of France Telecom (nyse: FTE - news - people ), and online streaming operators JumpTV and BDC.
FORBES: WhiteHorse BDC goes public for $100M, with 12 deals at 12.8%
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