Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB)

Investcorp Credit Management BDC, Inc. is an externally managed non diversified closed end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940 and to be treated as a regulated investment company under Subchapter M of the Internal Revenue Code. The company invests primarily in the debt of U. S. middle market companies defined as those with an enterprise value below $750 million. It seeks to generate current income and capital appreciation for its stockholders by making loans and taking equity positions in privately held businesses.

We generate revenue primarily from interest income earned on the debt securities we hold, dividend income from equity warrants and other positions, and various fees such as commitment, origination, structuring, managerial assistance, and consulting fees charged to portfolio companies. In addition, we realize capital gains when we sell or otherwise exit our equity investments in portfolio companies. Our total return to stockholders comes from the combination of current income and appreciation in the value of our loan and equity holdings.

Within the middle market lending arena we compete with other business development companies, private credit funds, commercial and investment banks, commercial finance companies, private equity funds, and hedge funds. Our competitive advantages stem from the extensive experience of our investment team, which includes over 30 years of expertise in middle market financing, and over 100 combined years of structuring capital for business expansion. We benefit from strong relationships with private equity sponsors, investment banks, and other intermediaries that help us source high quality deals. Our affiliation with IVC, a global credit investment platform with $21.3 billion of assets under management, provides additional resources and deal flow. We follow a disciplined underwriting process that emphasizes capital preservation, protective covenants, and risk adjusted returns across credit cycles.

Our borrowers are privately held middle market companies operating across a variety of industries such as professional services, information technology services, insurance, diversified consumer services, commercial services and supplies, trading companies and distributors, specialty retail, containers and packaging, food products, entertainment, health care providers and services, household durables, interactive media and services, consumer staples distribution and retail, software, construction and engineering, automobile components, electronic equipment instruments and components.