Profile: Fifth Street Senior Floating Rate Corp (FSFR.OQ)
26 May 2017
Fifth Street Senior Floating Rate Corp., incorporated on May 22, 2013, is a closed-end, non-diversified management investment company. The Company operates as a specialty finance company. The Company's investment objective is to maximize its portfolio's total return by generating current income from its debt investments while seeking to preserve its capital. The Company invests in portfolio companies primarily in the form of senior loans. The Company invests in senior secured loans, including first lien, unitranche and second lien debt instruments. The Company may also invest in unsecured loans, including subordinated loans, issued by private middle market companies, and senior and subordinated loans issued by public companies and equity investments. The senior loans that the Company targets have final maturities of 4 to 7 years.
The Company seeks to invest in senior loans made primarily to private middle market companies. The Company has investments in sectors, including Internet software and services, healthcare services, multi-sector holdings, advertising, application software, integrated telecommunication services, specialized consumer services, diversified support services, security and alarm services, research and consulting services, education services, electronic equipment and instruments, data processing and outsourced services, pharmaceuticals, diversified capital markets, food retail, environmental and facilities services, commercial printing, construction and engineering, wireless telecommunication services, food distributors, restaurants, healthcare technology, computer hardware, industrial machinery, and fertilizers and agricultural chemicals. The Company primarily invests in portfolio companies located in North America. Fifth Street Management LLC is the investment advisor of the Company.
The Company competes with Solar Senior Capital Ltd. and PennantPark Floating Rate Capital Ltd.
Fifth Street Senior Floating Rate Corp
777 W Putnam Ave Ste 3
GREENWICH CT 06830-5014