Business Development Corporation of America

Business Development Corporation of America (BDCA) operated as an externally managed, non-diversified, closed-end management investment company, structured as a business development company. Its primary objective was to generate current income and long-term capital appreciation through strategic debt and equity investments in private enterprises, defining its role as a publicly offered BDC.

Established in 2011, BDCA was sponsored by American Realty Capital II, LLC. Its external manager, BDCA Adviser, LLC, directed all investment decisions and daily operations. Nicholas S. Schorsch played a key role in the company's formation, aiming to broaden investor access to private capital markets.

BDCA targeted individual and institutional investors seeking diversified exposure to private credit and equity assets. The company envisioned itself as a continuously offered investment vehicle, enabling wider participation in business growth. Its long-term strategy included a planned liquidity event, such as a listing or sale, typically within five to seven years from its offering.