WHF Profile
WhiteHorse
Finance, Inc. (WHF) is a business development company (BDC) that
primarily invests in middle-market companies in the United States. The
company's investment objective is to generate attractive risk-adjusted
returns for its shareholders by investing in debt and equity
securities of private middle-market companies.
WHF's investment
portfolio consists of a diversified mix of investments in first-lien
and second-lien secured loans, unsecured loans, mezzanine debt, and
equity securities. The company invests in a broad range of industries,
including healthcare, manufacturing, distribution, and technology. As
of December 31, 2021, WHF's investment portfolio had a fair value of
appproximately $764 million and was invested in 53 portfolio
companies.
WHF is externally managed by H.I.G. WhiteHorse
Advisers, LLC, which is a subsidiary of H.I.G. Capital, LLC. The
management team has significant experience in the middle-market
lending industry and focuses on identifying opportunities to invest in
companies that have strong market positions, attractive growth
prospects, and solid financial profiles.
In terms of financial
performance, WHF has generated solid returns for its shareholders over
the years. As of December 31, 2021, the company had a net asset value
(NAV) per share of $14.91, which represents an increase of
approximately 4.4% compared to the prior year. WHF has also
consistently paid quarterly dividends to its shareholders since its
IPO in 2012. As of December 31, 2021, the company's dividend yield was
approximately 7.8%.
It's worth noting that as a BDC, WHF is
required to distribute at least 90% of its taxable income to its
shareholders in the form of dividends, which means that the company's
dividend payments may fluctuate based on its taxable income.
Additionally, as with any investment, there are inherent risks
involved, and investors should carefully consider their investment
objectives, risk tolerance, and other factors before investing in WHF
or any other security.
In summary, WHF is a BDC that primarily
invests in middle-market companies in the United States. The company's
investment portfolio is diversified across a range of industries, and
it is managed by an experienced management team. While WHF has
generated solid returns for its shareholders in the past, there are
inherent risks involved with investing in BDCs, and investors should
carefully evaluate their investment objectives and risk tolerance
before investing in WHF or any other security.
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