Through debt and equity investments, Solar Capital Ltd. is able to generate both current income and capital appreciation. The company is registered as a closed-end, externally managed, non-diversified management investment company. It is publicly traded on the NASDAQ and markets its common shares using the ticker symbol SLRC.
Headquartered in New York City, the company is categorized as a business development venture. It focuses its resources on investing in middle market companies through senior secured loans, equity securities and mezzanine loans. It employs a rigid process of filtering the businesses they will invest in, to ensure that their shareholders are able to get the most out of their investments. It invests in a wide range of industries and generally makes investments that range from $5 million to $100 million on every company. The investments made by the business are also proportional to the business they are investing in.
Solar Capital Partners, LLC is the external company manager of the business. It provides Solar Capital Ltd the administrative services it needs to continue on doing its transactions smoothly. As of December 2014, the company’s investment portfolio is already estimated to be around $1 billion, with net assets of about $936.6 million. Part of the investment portfolio of Solar Capital Ltd are 43 companies that thrive in the industries of education services, diversified financial services, diversified telecommunications services, chemicals, automobiles, building products, air freight and logistics, food products, healthcare, hotels, restaurants and leisure and internet software and services, among others.
The company is registered as a publicly traded business on the NASDAQ. Common shares of the business are marketed using the ticker symbol SLRC. It is listed as one of the components of the Wilshire 5000 Index and has received ratings from investment grade rating companies like Fitch Ratings and Standard & Poor’s.
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