Profile: Blackrock Kelso Capital Corp (BKCC.OQ)
12 Aug 2014
BlackRock Kelso Capital Corporation (BlackRock Kelso), incorporated on April 13, 2005, is an externally-managed, non-diversified closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation through its debt and equity investments. It invests primarily in middle-market companies and target investments throughout the capital structure. The term middle-market refers to companies with annual revenues typically between $50 million and $1 billion. Its targeted investment typically ranges between $10 million and $50 million. The Company seeks to invest in companies that operate in a variety of industries and that generate positive cash flows. It provides middle-market companies with flexible financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities. Its advisor is BlackRock Kelso Capital Advisors LLC.
The Company’s investments are in senior and junior secured, unsecured and subordinated loans to the United States private and certain public middle-market companies, it 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. It may from time to time invest up to 30% of its assets opportunistically in other types of investments, including securities of other public companies and foreign securities. As at December 31, 2011, the Company’s net portfolio consisted of 54 portfolio companies, which was invested 62% in senior secured loans, 16% in unsecured or subordinated debt securities, 11% in equity investments, 11% in senior secured notes and less than 1% in cash and cash equivalents.
Blackrock Kelso Capital Corp
40 EAST 52ND STREET
NEW YORK NY 10022