Alcentra Capital Corp. (ABDC) is a publicly traded business development company (BDC) that provides debt and equity financing to middle-market companies in a variety of industries. ABDC is managed by Alcentra NY, LLC, a subsidiary of BNY Alcentra Group Holdings, Inc.
ABDC's investment strategy is focused on providing debt financing, typically in the form of senior secured loans, to companies with annual revenues between $10 million and $200 million. The company also has the ability to make equity investments, and may invest in both sponsored and non-sponsored transactions.
ABDC's portfolio consists of investments in a diverse range of industries, including healthcare, business services, and manufacturing. The company's management team has extensive experience in middle-market lending, and focuses on building long-term relationships with its portfolio companies.
As a BDC, ABDC is subject to regulatory requirements that are designed to protect investors and ensure that the company operates in a safe and sound manner. BDCs are also required to pay out a certain percentage of their taxable income to shareholders in the form of dividends, which can provide investors with a steady stream of income.
Investing in ABDC carries certain risks, including the risk of default by portfolio companies, interest rate risk, and market risk. However, ABDC's focus on providing debt financing to middle-market companies, along with its experienced management team and commitment to maintaining a diversified portfolio, may help to mitigate these risks over the long term.
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