Smart US Large Growth ETF (USG)

Overview

Logan Ridge Finance Corporation, which was previously known as Capitala Finance Corp, operates as a Business Development Company (BDC) that has specialized its efforts and resources towards providing a diverse range of financial products tailored primarily for lower middle market and middle-market companies. The firm has honed its focus on sectors such as Aerospace, defense, business services, education, food and beverage, Industrial & Environmental Services, logistics, distribution, media, telecommunication, manufacturing, consumer goods, and healthcare. Geographically, Logan Ridge Finance Corporation primarily directs its investments towards companies based in the United States, aiming to support businesses that demonstrate a potential for growth and development within these critical and diverse industry sectors.

Products and Services

Logan Ridge Finance Corporation offers a suite of financial products and services tailored to meet the unique needs of lower middle market and middle-market companies across a wide range of industries. These offerings include:

• Senior Subordinated Debt and Uniranched Debt: Designed as a financing solution that ranks below senior loans and above equity in a company's capital structure, this service provides businesses with the necessary leverage for growth without diluting ownership stakes.
• First-Lien and Second-Lien Loans: Offering flexible forms of secured debt, these loans give Logan Ridge the assurance of repayment priority over unsecured creditors in case of a default, with the first-lien loans having the highest priority followed by second-lien loans.
• Equity Co-Investment: Targeting companies under financial sponsorships, Logan Ridge engages in minority equity investments, collaborating alongside management teams or financial sponsors to fuel growth and expansion initiatives.
• Target Investment Sectors: The fund has articulated a clear preference for investments across a broad spectrum of sectors including Aerospace, defense, business services, education, food and beverage, Industrial & Environmental Services, logistics, distribution, media, telecommunication, manufacturing, consumer goods, and healthcare industries, demonstrating its multidimensional approach to investment.
• Investment Size and Criteria: Logan Ridge Finance Corporation marks its investment territory within companies boasting an EBITDA ranging from $5 million to $50 million and an enterprise value of less than $250 million, positioning itself as a significant player for mid-sized businesses looking for financial leverage and strategic partnership.