PhenixFIN

PhenixFIN Corporation is an internally managed, closed-end business development company headquartered in New York, New York. The company is a non-diversified closed-end management investment company incorporated in Delaware that has elected to be regulated as a business development company under the Investment Company Act. PhenixFIN's experienced t... eam is focused on current income generation coupled with capital appreciation with a focus on net asset value accretion to drive total shareholder returns. The firm has a broad network of relationships and expertise in originating, structuring, executing, and managing credit and equity investments. PhenixFIN targets private debt transactions in companies with enterprise values or asset values typically ranging from twenty-five million to two hundred fifty million dollars, with debt investment values generally between ten million and fifty million dollars. The company structures its investments as first lien senior secured loans, second lien senior secured loans, senior secured notes, senior subordinated notes, subordinate notes, unitranche loans, and seeks warrants or other equity participation. The firm's portfolio comprises senior secured first-lien loans, senior secured second-lien loans, and equity investments. PhenixFIN invests across a diverse range of sectors including business services, healthcare, information technology, financial services, transportation, media, construction, retail, technology, real estate, automobile, oil and gas, aerospace and defense, telecommunications, and various manufacturing industries. The company seeks to invest in companies located in North America and typically exits its investments between three and seven years, though it holds most investments to maturity or repayment. PhenixFIN may take board seats on investee companies and can offer managerial assistance to certain portfolio companies. The firm may also co-invest in privately negotiated transactions under certain conditions. PhenixFIN Corporation is a publicly traded company.Read More