PFXNL

PhenixFIN Corporation operates as a Business Development Company (BDC), specializing in privately negotiated debt and equity investments within small and middle-market enterprises. The firm allocates capital across a broad spectrum of industries, including business services, real estate, automotive, oil and gas, aerospace and defense, consumer goods (home, office, durable, personal, nondurable), healthcare, education, childcare, various services, retail, manufacturing, telecommunications, mining, metals, entertainment, chemicals, plastics, rubber, finance, beverage, food, tobacco, containers, packaging, glass, structured finance, machinery, diversified services, restaurants, franchises, electronics, and cargo transport. Geographically, PhenixFIN primarily targets companies situated in North America. For its private debt engagements, the firm seeks businesses with enterprise or asset values ranging from $25 million to $250 million. Individual debt investments typically fall between $10 million and $50 million. The typical investment holding period spans three to seven years. While the firm generally intends to hold most investments until maturity or full repayment, it maintains the flexibility to divest or realize certain positions earlier. Beyond merely providing capital, PhenixFIN often seeks board representation in its portfolio companies and offers strategic or managerial assistance to select investees. The firm employs a variety of investment structures, including first lien senior secured loans, second lien senior secured loans, senior secured notes, senior and junior subordinated notes, and unitranche loans. It frequently seeks warrants or other forms of equity participation as part of these arrangements. Additionally, PhenixFIN may co-invest in privately negotiated transactions when conditions allow. The company was established in 2010 and maintains its headquarters in New York City.