Rand Capital Corp (RAND) is the 51st largest of 55 Business Development Companies companies by market capitalisation, at 31.12 Mn, behind PhenixFIN Corp at 46.28 Mn. It trades on a P/E of 10.97, 48% below the peer median of 21.23. The table below compares all 55 on 8 financial metrics.
| # | Ticker | Company | match | industry_code | industry_group | industry_group_code | Market Capitalization | P/E | P/S | Enterprise Value |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | ARCC | Ares Capital Corp | primary | F-07 | Lending and Credit | FG-02 | 14.39 Bn | 23.25 | 4.63 | 14.01 Bn |
| 2 | BXSL | Blackstone Secured Lending Fund | primary | F-07 | Lending and Credit | FG-02 | 5.76 Bn | 17.42 | 4.22 | 5.49 Bn |
| 3 | OBDC | Blue Owl Capital Corp | primary | F-07 | Lending and Credit | FG-02 | 5.62 Bn | 34.28 | 3.31 | 5.38 Bn |
| 4 | MAIN | Main Street Capital CORP | primary | F-07 | Lending and Credit | FG-02 | 5.39 Bn | 15.69 | 9.37 | 5.33 Bn |
| 5 | OTF | Blue Owl Technology Finance Corp. | primary | F-07 | Lending and Credit | FG-02 | 5.20 Bn | 118.15 | 3.98 | 4.99 Bn |
| 6 | HCXY | Hercules Capital, Inc. | primary | F-07 | Lending and Credit | FG-02 | 4.68 Bn | 20.04 | 8.27 | 4.64 Bn |
| 7 | FSK | FS KKR Capital Corp | primary | F-07 | Lending and Credit | FG-02 | 3.48 Bn | — | 2.64 | 3.37 Bn |
| 8 | GBDC | GOLUB CAPITAL BDC, Inc. | primary | F-07 | Lending and Credit | FG-02 | 3.38 Bn | -38.85 | 4.22 | 3.34 Bn |
| 9 | PFLA | PennantPark Floating Rate Capital Ltd. | primary | F-07 | Lending and Credit | FG-02 | 2.47 Bn | 156.89 | 9.11 | -0.13 Bn |
| 10 | MFICL | MidCap Financial Investment Corp | primary | F-07 | Lending and Credit | FG-02 | 2.07 Bn | 110.38 | 6.87 | 2.02 Bn |
| 11 | TSLX | Sixth Street Specialty Lending, Inc. | primary | F-07 | Lending and Credit | FG-02 | 1.75 Bn | 28.81 | 4.29 | 1.56 Bn |
| 12 | TRIN | Trinity Capital Inc. | primary | F-07 | Lending and Credit | FG-02 | 1.71 Bn | 9.67 | 5.10 | 1.69 Bn |
| 13 | CSWC | Capital Southwest Corp | primary | F-07 | Lending and Credit | FG-02 | 1.57 Bn | 21.65 | 6.60 | 1.51 Bn |
| 14 | MSDL | Morgan Stanley Direct Lending Fund | primary | F-07 | Lending and Credit | FG-02 | 1.29 Bn | 37.01 | 3.44 | 1.21 Bn |
| 15 | CICB | CION Investment Corp | primary | F-07 | Lending and Credit | FG-02 | 1.24 Bn | -135.29 | 5.35 | 1.24 Bn |
| 16 | OCSL | Oaktree Specialty Lending Corp | primary | F-07 | Lending and Credit | FG-02 | 1.15 Bn | 21.23 | 2.53 | 1.11 Bn |
| 17 | PSEC | Prospect Capital Corp | primary | F-07 | Lending and Credit | FG-02 | 1.14 Bn | 35.88 | 1.15 | 1.10 Bn |
| 18 | FRBP | Franklin BSP Capital Corp | primary | F-07 | Lending and Credit | FG-02 | 1.14 Bn | 1,380.96 | 2.82 | 1.10 Bn |
| 19 | GSBD | Goldman Sachs BDC, Inc. | primary | F-07 | Lending and Credit | FG-02 | 1.12 Bn | 2.97 | 3.68 | 1.12 Bn |
| 20 | BBDC | Barings BDC, Inc. | primary | F-07 | Lending and Credit | FG-02 | 0.94 Bn | 167.06 | 3.54 | 0.89 Bn |
| 21 | KBDC | Kayne Anderson BDC, Inc. | primary | F-07 | Lending and Credit | FG-02 | 0.89 Bn | -11.09 | — | 0.89 Bn |
| 22 | CGBD | Carlyle Secured Lending, Inc. | primary | F-07 | Lending and Credit | FG-02 | 0.81 Bn | 21.97 | 3.11 | 0.76 Bn |
| 23 | BCSF | Bain Capital Specialty Finance, Inc. | primary | F-07 | Lending and Credit | FG-02 | 0.77 Bn | 33.31 | 2.90 | 0.67 Bn |
| 24 | FDUS | FIDUS INVESTMENT Corp | primary | F-07 | Lending and Credit | FG-02 | 0.75 Bn | — | 4.37 | 0.71 Bn |
| 25 | NMFC | New Mountain Finance Corp | primary | F-07 | Lending and Credit | FG-02 | 0.71 Bn | 63.14 | 2.45 | 0.65 Bn |
| 26 | SLRC | SLR Investment Corp. | primary | F-07 | Lending and Credit | FG-02 | 0.69 Bn | 7.69 | 3.27 | 1.61 Bn |
| 27 | GAIN | Gladstone Investment Corporation\De | primary | F-07 | Lending and Credit | FG-02 | 0.65 Bn | 211.56 | 6.29 | 0.65 Bn |
| 28 | NCDL | Nuveen Churchill Direct Lending Corp. | primary | F-07 | Lending and Credit | FG-02 | 0.62 Bn | — | 3.23 | 0.58 Bn |
| 29 | MSIF | Msc Income Fund, Inc. | primary | F-07 | Lending and Credit | FG-02 | 0.57 Bn | 21.87 | 4.10 | 0.55 Bn |
| 30 | GLAD | Gladstone Capital Corp | primary | F-07 | Lending and Credit | FG-02 | 0.45 Bn | 10.45 | 4.59 | 0.45 Bn |
| 31 | SAJ | Saratoga Investment Corp. | primary | F-07 | Lending and Credit | FG-02 | 0.41 Bn | -23.22 | 4.23 | 0.03 Bn |
| 32 | CCAP | Crescent Capital BDC, Inc. | primary | F-07 | Lending and Credit | FG-02 | 0.38 Bn | 6.16 | 2.44 | -1.18 Bn |
| 33 | TCPC | BlackRock TCP Capital Corp. | primary | F-07 | Lending and Credit | FG-02 | 0.34 Bn | 1.70 | — | 0.18 Bn |
| 34 | HRZN | Horizon Technology Finance Corp | primary | F-07 | Lending and Credit | FG-02 | 0.32 Bn | 4.50 | 3.37 | 0.32 Bn |
| 35 | PSBD | Palmer Square Capital BDC Inc. | primary | F-07 | Lending and Credit | FG-02 | 0.32 Bn | 3.56 | 2.76 | 0.32 Bn |
| 36 | RWAY | Runway Growth Finance Corp. | primary | F-07 | Lending and Credit | FG-02 | 0.28 Bn | -2.98 | 2.11 | 0.27 Bn |
| 37 | NSLR | Neostellar Capital Corp. | primary | F-07 | Lending and Credit | FG-02 | 0.27 Bn | -6.08 | — | -0.14 Bn |
| 38 | SCM | Stellus Capital Investment Corp | primary | F-07 | Lending and Credit | FG-02 | 0.25 Bn | -64.57 | 2.59 | 0.25 Bn |
| 39 | PNNT | Pennantpark Investment Corp | primary | F-07 | Lending and Credit | FG-02 | 0.24 Bn | -99.33 | 2.32 | -0.99 Bn |
| 40 | LIEN | Chicago Atlantic BDC, Inc. | primary | F-07 | Lending and Credit | FG-02 | 0.24 Bn | 7.60 | 4.18 | 0.23 Bn |
| 41 | TPVG | TriplePoint Venture Growth BDC Corp. | primary | F-07 | Lending and Credit | FG-02 | 0.21 Bn | 2.62 | 2.36 | 0.21 Bn |
| 42 | WHF | WhiteHorse Finance, Inc. | primary | F-07 | Lending and Credit | FG-02 | 0.15 Bn | -60.27 | 2.34 | 0.14 Bn |
| 43 | OXSQ | Oxford Square Capital Corp. | primary | F-07 | Lending and Credit | FG-02 | 0.14 Bn | 4.53 | 3.64 | 0.14 Bn |
| 44 | BCIC | BCP Investment Corp | primary | F-07 | Lending and Credit | FG-02 | 0.09 Bn | — | 1.31 | 0.09 Bn |
| 45 | GECC | Great Elm Capital Corp. | primary | F-07 | Lending and Credit | FG-02 | 0.08 Bn | 75.83 | 1.91 | -0.15 Bn |
| 46 | AFCG | Advanced Flower Capital Inc. | primary | F-07 | Lending and Credit | FG-02 | 0.08 Bn | -25.53 | 2.68 | 0.08 Bn |
| 47 | OFS | OFS Capital Corp | primary | F-07 | Lending and Credit | FG-02 | 0.05 Bn | -7.15 | 1.47 | 0.05 Bn |
| 48 | PFXNZ | PhenixFIN Corp | primary | F-07 | Lending and Credit | FG-02 | 0.05 Bn | 2.11 | 4.87 | -0.26 Bn |
| 49 | RAND | Rand Capital Corp | primary | F-07 | Lending and Credit | FG-02 | 0.03 Bn | 10.97 | 5.66 | 0.03 Bn |
| 50 | EQS | Equus Total Return, Inc. | primary | F-07 | Lending and Credit | FG-02 | 0.01 Bn | 2.05 | 10.21 | 0.01 Bn |
| 51 | ICMB | Investcorp Credit Management BDC, Inc. | primary | F-07 | Lending and Credit | FG-02 | 0.01 Bn | -4.14 | 5.54 | 0.00 Bn |
| 52 | PIAC | Princeton Capital Corp | primary | F-07 | Lending and Credit | FG-02 | 0.00 Bn | 22.08 | 5.07 | -0.01 Bn |
| 53 | LAAI | Loan Artificial Intelligence Corp. | primary | F-07 | Lending and Credit | FG-02 | 0.00 Bn | -0.06 | — | 0.00 Bn |
| 54 | BX | Blackstone Inc. | secondary | F-11 | Asset and Wealth Management | FG-03 | 102.43 Bn | 15.95 | 6.36 | 104.87 Bn |
| 55 | OAK-PA | Brookfield Oaktree Holdings, LLC | secondary | F-11 | Asset and Wealth Management | FG-03 | 3.24 Bn | 7.99 | 5.25 | 3.25 Bn |