BlackRock Capital Investment Corp (BKCC)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
BKCC Chart
BlackRock Capital Investment Corp Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| MA mason adams PVG ASSET MANAGEMENT Corp. | 126,640 | $2.1M | $1.05M | -$1.05M | -50% |
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BlackRock Capital Investment Corp Profile
| - Industry | - Sector | Mr. James Edward Keenan C.F.A. CEO | NASDAQ (NGS) Exchange | 092533108 CUSIP |
| US Country | - Employees | - Last Dividend | - Last Split | 27 Jun 2007 IPO Date |
Overview
BlackRock Capital Investment Corporation, initially known as BlackRock Kelso Capital Corporation, stands as a prominent Business Development Company (BDC) that focuses on providing investment solutions primarily to middle market enterprises. This firm is distinguished by its broad industry investment strategy, which does not restrict it to specific sectors, thereby allowing it to cater to a diverse range of business needs and opportunities. Through its extensive investment portfolio, BlackRock Capital Investment Corporation aims to support the growth and development of companies by facilitating their access to necessary capital.
Products and Services
The firm offers a variety of financial products and services designed to meet the needs of middle market companies. Each product or service is tailored to facilitate the growth of its client's businesses through strategic investments.
- Debt Securities and Loans
BlackRock Capital Investment Corporation specializes in providing senior and junior secured, unsecured, and subordinated debt securities and loans. These financial products are designed to offer companies the essential capital for growth and expansion. The fund's investments typically range between $10 million and $50 million but can vary depending on the company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) or operating cash flow.
- Equity Investments
Equity investments by the firm can be structured in various forms, including warrants, preferred stock, common equity co-investments, and direct investments in common stock. This approach allows BlackRock Capital Investment Corporation to participate in the equity growth of its portfolio companies, providing not only capital but also potentially sharing in the companies' success through equity appreciation.
- Cash Flow, Asset Backed, and Junior Lien Facilities
The firm offers cash flow financing, asset-backed lending, and junior lien facilities to its clients. These financing solutions are tailored to meet the specific needs of companies, ensuring that they have access to capital structured to support their operational and growth objectives. By providing such tailored financing, BlackRock Capital Investment Corporation helps companies stabilize and grow their financial and operational capacities.
- Pay-in-Kind (PIK) Feature
For certain subordinated debt investments, BlackRock Capital Investment Corporation structures the investments to provide for non-cash interest through a Pay-in-Kind (PIK) feature. This allows the fund to invest in companies while offering them flexible interest repayment options, which can be particularly beneficial for businesses in their growth phase requiring cash flow management.
- Non-control Investments
The firm makes non-control investments, allowing companies to access needed capital without relinquishing control of their operations. This strategy is particularly appealing to business owners and management teams looking to retain decision-making autonomy while still benefiting from the financial strength and strategic support of a significant investment partner.
