Profile: BlackRock Capital Investment Corp (BKCC.OQ)
22 Jul 2016
BlackRock Capital Investment Corporation, formerly BlackRock Kelso Capital Corporation, incorporated on April 13, 2005, is a private equity company that is externally-managed, non-diversified closed-end management investment company. The Company provides middle-market companies with flexible financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities.
The Company invests primarily in middle-market companies with annual revenues typically between $50 million and $1 billion and targets investments throughout the capital structure. The Company invests typically ranges between $10 million and $50 million in companies that operate in a broad variety of industries and that generate positive cash flows. The Company invests throughout the capital structure, which may include common and preferred equity, options and warrants, credit derivatives, high-yield bonds, distressed debt and other structured securities.
The senior and junior secured loans in which the Company invests have stated terms of three to ten years and the subordinated debt investments generally have stated terms of up to ten years. The expected average life of senior and junior secured loans and subordinated debt is generally between three and seven years. The Company evaluated more than 3,100 investment opportunities and completed 168 investments, aggregating over $3.7 billion in capital provided to middle-market companies through December 31, 2014.
BlackRock Kelso Capital Advisors
The investment activities of BlackRock Capital Investment Corporation are managed by the BlackRock Kelso Capital Advisors (Advisor). The advisor is responsible for sourcing potential investments, conducting research on prospective investments, analyzing investment opportunities, structuring investments, and monitoring investments and portfolio companies on an ongoing basis.
BlackRock Financial Management, Inc.
The Company has entered into an administration agreement with BlackRock Financial Management, Inc. (the Administrator). The administrator provides certain administrative services to the Company.
BlackRock Capital Investment Corp
40 E 52nd St
NEW YORK NY 10022-5911