Phenixfin Corporation

PhenixFIN Corporation is a business development company that invests in privately negotiated debt and equity securities of small and middle market companies, primarily in North America. It targets private debt transactions in companies with enterprise or asset values between $25 million and $250 million, and debt investment values between $10 million and $50 million. The firm invests across a wide range of sectors, including business services, real estate, healthcare, manufacturing, telecommunications, finance, and consumer products. It structures investments as first and second lien senior secured loans, senior secured and subordinated notes, unitranche loans, and may seek warrants or other equity participation. Investments are typically held three to seven years, with most held to maturity or repayment, though some may be realized or sold earlier. PhenixFIN may take board seats and offer managerial assistance to certain portfolio companies, and may co-invest in privately negotiated transactions under certain conditions. The company was founded in 2010 and is headquartered in New York, New York.