Form N-54C business development company withdrawals
Form N-54C: notices that a business development company is withdrawing its election to be regulated as a BDC.
curl -H "Authorization: Bearer $SECFEED_KEY" \ "https://secfeedapi.com/v1/filings?query=formType:%22N-54C%22&size=2"
import os, requests
r = requests.get(
"https://secfeedapi.com/v1/filings",
params={'query': 'formType:"N-54C"', 'size': '2'},
headers={"Authorization": f"Bearer {os.environ['SECFEED_KEY']}"},
)
print(r.json())What is N-54C?
A company becomes a business development company by filing Form N-54A. Form N-54C is the reverse: notification of withdrawal of that election under Section 54(c) of the Investment Company Act. After it is filed, the company is no longer subject to the BDC provisions of the Act.
BDCs withdraw when they liquidate, merge into another fund, convert to an operating company or register as a closed-end fund. The filing is short, but it marks the end of a BDC's regulatory life.
Business development companies that previously elected BDC status on Form N-54A.
When the company decides to stop being a BDC, often in connection with a liquidation, merger or conversion.
Filings per year
Every N-54C filing on EDGAR, counted from the SecFeed index, amendments included. Updated daily.
What is inside
| Section | Contents |
|---|---|
| Company | Name, file number and address. |
| Withdrawal statement | Notice that the election under Section 54(a) is withdrawn. |
| Signature | Officer signing on behalf of the company. |
Get N-54C data with SecFeed
Search the filings with formType:"N-54C", read any document as text or PDF, and use these APIs for structured data:
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Latest N-54C filings
| Company | Form | Filed | |
|---|---|---|---|
| Manulife Private Credit Fund | N-54C | 2026-09-30 | EDGAR ↗ |
| Firsthand Technology Value Fund, Inc. | N-54C | 2026-08-18 | EDGAR ↗ |
| Investcorp US Private Credit BDC II Liquidating Trust | N-54C | 2026-08-13 | EDGAR ↗ |
| Venture Lending & Leasing IX, Inc. | N-54C | 2026-07-22 | EDGAR ↗ |
| X1 Capital Inc. | N-54C | 2026-06-17 | EDGAR ↗ |
| Nuveen Churchill BDC V | N-54C | 2026-05-12 | EDGAR ↗ |
| MONROE CAPITAL Corp | N-54C | 2026-04-14 | EDGAR ↗ |
| Redwood Enhanced Income Corp. | N-54C | 2026-02-27 | EDGAR ↗ |
Use cases
- Track BDC liquidations and conversions
- Keep a list of active BDCs current
- Study the life cycle of private credit BDCs
Related forms
Form N-54A notifications of election to be regulated as a business development company (BDC) under the Investment Company Act.
N-2Closed-end fund and BDC registrationForm N-2 registration statements for closed-end funds, interval funds and business development companies, including N-2ASR automatic shelves.
N-8FFund deregistrationForm N-8F applications to deregister an investment company after liquidation, merger or abandonment of registration.
FAQ
What is the opposite of N-54C?
Form N-54A, the notification of election to be subject to the BDC provisions.
Does N-54C mean the company is closing?
Not always. Some BDCs convert to operating companies or merge into other funds.
Every N-54C filing, one API call away
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