Business development company that provides customized financing solutions to middle-market companies across various industries.
Saratoga Investment Corp., based in New York, New York, operates as a specialized business development company (BDC) focusing on investment opportunities in the lower middle market segment. Established as GSC Investment Corp. and rebranded as Saratoga Investment Corp., the firm specializes in a diverse array of financial transactions including leveraged buyouts, management buyouts, acquisition financings, growth financings, recapitalizations, debt refinancing, and transitional financings. The company structures its investments through a combination of debt and equity instruments, including first and second lien loans, mezzanine debt, co-investments, high yield bonds, senior secured bonds, unsecured bonds, preferred and common equity.
Saratoga Investment Corp. targets a broad spectrum of industries within the United States, including aerospace, automotive aftermarket and services, business products and services, consumer products and services, education, environmental services, financial services, food and beverage, healthcare products and services, logistics, distribution, manufacturing, restaurants, software services, technology services, specialty chemicals, media, and telecommunications. The firm typically invests between $5 million to $50 million in companies with EBITDA of $2 million or greater and revenues ranging from $8 million to $250 million, often seeking to acquire majority stakes in its portfolio companies.
In addition to direct lending, Saratoga Investment Corp. participates actively in loan syndicates, leveraging its expertise in structuring and managing complex financial transactions. With its commitment to supporting growth-oriented middle market companies, Saratoga Investment Corp. plays a crucial role in providing flexible capital solutions that help businesses navigate various stages of development and capitalize on strategic opportunities for expansion.