BKCC - Blackrock Kelso Capital Corp.

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BlackRock Capital Investment Corporation, previously known as BlackRock Kelso Capital Corporation, operates as a Business Development Company focused on investing in middle market companies across various industries. The fund specializes in deploying capital ranging from $10 million to $50 million, with flexibility to adjust based on the target company's EBITDA or operating cash flow, typically falling within the $10 million to $50 million range. Its investment approach encompasses a diverse array of financial instruments, including senior and junior secured, unsecured, and subordinated debt securities, as well as loans such as cash flow, asset-backed, and junior lien facilities.

Additionally, BlackRock Capital Investment Corporation makes equity investments in various forms, including warrants, preferred stock, common equity co-investments, and direct investments in common stock. The fund's debt investments are structured to provide current cash interest and, in some cases, non-cash interest, particularly through a pay-in-kind (PIK) feature with subordinated debt investments. Notably, the fund maintains a strategy of making non-control investments, allowing it to participate in the growth and success of its portfolio companies while leveraging its financial expertise.

Founded on a commitment to supporting middle market enterprises, BlackRock Capital Investment Corporation plays a crucial role in providing capital solutions that facilitate growth, expansion, and operational enhancements for its portfolio companies. With a focus on prudent risk management and strategic investment allocation, the fund continues to explore opportunities that align with its investment criteria and enhance shareholder value through diversified investment strategies.

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