Profile: Garrison Capital Inc (GARS.O)
14 Jun 2019
Garrison Capital Inc. (GARS), incorporated on November 29, 2010, is a managed, closed-end, non-diversified management investment company. The Company's investment objective is to generate current income and capital appreciation by making investments primarily in debt securities and loans of the United States-based middle-market companies, which it defines as those having annual earnings before interest, taxes and depreciation or EBITDA of certain amount. It invests or provides direct lending in first lien senior secured loans, second lien senior secured loans, one-stop senior secured loans or unitranche loans, subordinated or mezzanine loans, unsecured consumer loans and to a lesser extent, selected equity co-investments in middle-market companies. The Company intends to generate risk-adjusted net returns by assembling a portfolio of investments.
The Company's investments include debt investments (both funded and unfunded, debt investments), preferred and minority equity investments (equity) of diversified companies and a portfolio of unsecured small balance consumer loans (financial assets). The Company invests in various industries, such as transportation services, communications, health services, oil and gas, food stores-retail, automotive, consumer finance, specialty services, broadcasting and entertainment, insurance agents, electrical equipment and restaurants. The Company's investment advisor is Garrison Capital Advisers LLC.
Garrison Capital Inc
1290 Avenue of the Americas Ste
NEW YORK NY 10104-0008