Business development company (BDC) specializing in providing flexible and creative financing solutions to lower middle-market companies.
First Eagle Alternative Capital BDC, Inc., formerly known as THL Credit, Inc., operates as a specialized business development company (BDC) focusing on direct and fund of fund investments. Established with a strategic emphasis on middle market companies, the BDC seeks opportunities in both debt and equity securities. Its investment strategy spans a wide spectrum, encompassing PIPES (Private Investment in Public Equity), growth capital, acquisition financing, market expansion initiatives, and more. However, the company avoids investments in startups, distressed situations, or ventures with speculative business plans.
The core of First Eagle Alternative Capital BDC's investment portfolio primarily comprises debt securities, including subordinated or mezzanine debt and second lien secured debt. These investments may include equity components such as warrants, preferred stock, and other related securities. The BDC also explores high-yield bonds, private equity placements, and investments in publicly traded and international companies across various sectors such as outsourced business services, healthcare, financials, retail, media, and consumer discretionary.
In the context of emerging financial technologies, including cryptocurrencies and blockchain innovations, First Eagle Alternative Capital BDC, Inc. has not integrated these assets into its investment strategy as of current updates. The company remains focused on its established approach to middle market investments, leveraging its expertise to identify opportunities that offer potential for attractive returns while managing risk effectively. With a disciplined approach to capital deployment and a preference for lead or sole investor roles, the BDC continues to navigate the dynamic landscape of alternative investments with a commitment to delivering value to its shareholders.