Program list · SEC

Business Development Companies

188 lenders on record are on the list of business development companies that the SEC publishes, as read on September 30, 2026. 0 are banks, savings institutions or credit unions and 188 are non-banks. Most are based in New York (92), California (26), Texas (14).

Evidence
The list the SEC publishes
List read
September 30, 2026
Page last changed
November 11, 2026
Lenders on the list
188
SEC business development company report,
States and territories
17
SEC business development company report,
Banks and credit unions
0
SEC business development company report,
Non-banks
188
SEC business development company report,

Cite this

Source: The Lender Report, Business Development Companies, https://lender.report/programs/business-development-companies/, data as of September 30, 2026.

Business Development Companies, in name order: first 25 of 188
LenderKindBased in
5C Lending Partners Corp.Non-bankRye, NY
26North BDC, Inc.Non-bankNew York, NY
AB Private Credit Investors CorpNon-bankAustin, TX
AB Private Lending FundNon-bankAustin, TX
Adams Street Credit Solutions FundNon-bankChicago, IL
Advanced Flower Capital Inc.Non-bankWest Palm Beach, FL
AGL Private Credit Income FundNon-bankNew York, NY
Andalusian Credit Company, LLCNon-bankNew York, NY
Antares Private Credit FundNon-bankChicago, IL
Antares Strategic Credit FundNon-bankChicago, IL
Antares Strategic Credit Fund II LLCNon-bankChicago, IL
Apollo Debt Solutions BDCNon-bankNew York, NY
Apollo Origination II (Levered) Capital TrustNon-bankNew York, NY
Aps BDC, LLCNon-bankNew York, NY
Ares Capital CorpNon-bankNew York, NY
Ares Core Infrastructure FundNon-bankLos Angeles, CA
Ares Strategic Income FundNon-bankNew York, NY
Audax Credit BDC Inc.Non-bankBoston, MA
Audax Private Credit Fund, LLCNon-bankNew York, NY
Bain Capital Private CreditNon-bankBoston, MA
Bain Capital Specialty Finance, Inc.Non-bankBoston, MA
Barings BDC, Inc.Non-bankCharlotte, NC
Barings Capital Investment CorpNon-bankCharlotte, NC
Barings Private Credit CorpNon-bankCharlotte, NC
BC Partners Lending CorpNon-bankNew York, NY
SEC business development company report,

Filter all 188 by state, size and what they hold

In name order. A listing is membership of a public list and is never ranked.

Where the listed lenders are based
StateLenders on the list
New York92
California26
Texas14
Illinois12
Connecticut8
Florida8
Massachusetts8
North Carolina4
New Jersey4
Pennsylvania3
Delaware2
Virginia2
Alabama1
Arizona1
Georgia1
Kansas1
Tennessee1
SEC business development company report,
What kind of lender they are
KindLenders on the list
Non-bank188
SEC business development company report,
  • A business development company is a closed-end fund, regulated under the Investment Company Act of 1940, that lends to and invests in mostly private U.S. companies and files its reports with the SEC. SEC business development company report,
  • Its figures are balances from its own filings, not loans made. The list was read from the SEC on September 30, 2026. SEC business development company report,
  • 188 of the lenders on this site are on the list: 188 non-banks. SEC business development company report,
  • They are based in 17 states and territories, most often New York (92), California (26), Texas (14). SEC business development company report,

What we don't know

  • Whether a listed lender is lending today, or on what terms.
  • How much any of them lent under the program. The list is membership, not volume.
  • Lenders added to or taken off the list since the date above.

The order is by name. Being on a list is membership: it is not a count of loans, a rating or a statement that a lender is lending today.

A lender on the agency's list that this site could not tie to one public record is left out, so the count here can be lower than the agency's own.

Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem

Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.