TCRD Profile
THL Credit, Inc. (TCRD) is an externally managed, non-diversified closed-end investment company. The company's investment objective is to generate both current income and capital appreciation primarily through investments in privately negotiated debt and equity securities of middle market companies. TCRD invests primarily in the debt and equity securities of companies that operate across a range of industries, including business services, healthcare, and technology.
As of its most recent financial reports, THL Credit reported total assets of $1.5 billion as of September 30, 2021. The company's net investment income was $9.5 million for the quarter ended September 30, 2021, and its net asset value per share was $7.83 as of that same date.
TCRD's investment strategy is focused on originating and underwriting investments in middle market companies that have attractive growth prospects, experienced management teams, and sustainable business models. The company's investment process emphasizes deep fundamental analysis of companies and industries, and focuses on investments with attractive risk-adjusted returns.
Investing in closed-end investment companies like THL Credit carries market risks, including the risk of market volatility, changes in interest rates, and credit risk associated with investing in debt securities. Investors should carefully consider these risks before investing in TCRD and consult with a financial advisor to determine if it is an appropriate investment for their portfolio. They should also review the company's public disclosures and financial statements to gain a better understanding of its financial performance and risks.
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