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Fidus Investment Corporation operates as a specialized BDC providing customized debt and equity financing to lower middle-market companies.
Fidus Investment Corporation (FIC) is a Maryland-based externally managed business development company (BDC) that specializes in providing customized debt and equity financing solutions primarily to lower middle-market companies in the U.S. These companies have annual revenues ranging between $10 million and $150 million. FIC aims to deliver attractive risk-adjusted returns through both current income from debt investments and capital appreciation from equity investments. The firm operates through two wholly-owned investment subsidiaries, which are licensed by the U.S. Small Business Administration as small business investment companies (SBICs) and utilize SBA-guaranteed debentures to enhance stockholder returns.
FIC's investment strategy is centered on partnering with business owners and management teams to facilitate ownership transactions, recapitalizations, and growth initiatives. As of December 31, 2023, the corporation held investments in 82 portfolio companies with a fair value of approximately $957.9 million. The company places significant emphasis on rigorous due diligence, active portfolio management, and diversification across various industries to mitigate risks associated with adverse economic events. FIC targets sectors with reliable revenue streams and experienced management teams, establishing strategic relationships that support the firm’s financing solutions.
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