Closed-end investment company providing financing solutions to small and mid-sized businesses.
PhenixFIN Corporation operates as a business development company headquartered in New York, New York. The firm specializes in investing in privately negotiated debt and equity securities within the small and middle market sectors. Its investment strategy targets a diverse range of industries including business services, real estate, automotive, oil and gas, aerospace, healthcare, education, retail, telecommunications, mining, leisure, chemicals, finance, beverages, and transportation across North America.
Founded in 2010, PhenixFIN Corporation focuses on companies with enterprise values or asset values ranging from $25 million to $250 million. The fund primarily seeks private debt transactions with investment values typically ranging from $10 million to $50 million. Investments are structured across various instruments including senior secured loans, senior subordinated notes, and unitranche loans, often accompanied by warrants or equity participation.
With a strategic investment horizon typically spanning three to seven years, PhenixFIN Corporation actively engages with its portfolio companies, potentially taking board seats and providing managerial assistance. While the fund predominantly holds investments until maturity or repayment, it may also opportunistically realize or sell investments earlier to maximize returns. Through its flexible approach and sector-focused investment strategy, PhenixFIN Corporation aims to foster growth and value creation within its diversified portfolio of middle market enterprises.