BTI Systems, a provider of cloud and metro networking software and systems to content and service providers has appointed global telecommunications industry veteran Colin Doherty as president and chief executive officer. BTI’s backers include Bain Capital Ventures, BDC, Covington Capital, GrowthWorks and additional strategic investors.Continue
The BDC industry is likely to continue to expand as banks shift away from risky [...]Continue
Canadian investors Extreme Venture Partners, OMERS Ventures, Rho Canada Ventures, BlackBerry Partners Fund and BDC have co-invested $7 million in a new accelerator program called Extreme Startups. Companies in the program will receive up to $200,000, including an initial investment of $50,000, with up to $150,000 in a convertible note provided by BDC. PRESS RELEASE […]Continue
Taking advantage of a strengthening stock market and a lending market where many borrowers struggle to find financing, several business development companies (BDCs) are taking steps to fortify their financial positions.
BDCs are closed-end investment funds that are publicly traded on stock exchanges. Designed to provide capital to privately owned businesses, they can provide both equity and debt financing.
Healthier BDCs, led by Ares Capital Corp., are issuing stock and reducing their debt, while other such lenders, including American Capital Ltd., are taking other steps to shore up their capital positions.Continue