Fidus Investment Corporation is a U.S.-based business development company that provides customized debt and equity financing to lower middle-market companies. It earns returns from current income on debt investments and capital appreciation from minority equity stakes, while being externally managed by Fidus Investment Advisors.
| % | |
|---|---|
| First lien / unitranche debt | 77% Senior secured loans and unitranche structures used to provide primary financing to portfolio companies. |
| Second lien debt | 5% Junior secured debt that adds yield and sits behind first lien lenders in the capital structure. |
| Subordinated debt | 7% Lower-priority debt investments that support leveraged buyouts and growth financings. |
| Equity investments | 11% Minority common or preferred equity stakes, often paired with debt investments for upside participation. |
| Warrants and other equity-linked instruments | 0% Warrants received alongside debt investments to capture additional upside if portfolio companies appreciate. |
Fidus lends to and invests in lower middle-market U.S. companies, typically businesses with $10 million to $150 million...
U.S. businesses with $10 million to $150 million in revenue that need customized debt and occasional equity capital.
Private equity-backed companies that use Fidus for acquisition financing, recapitalizations and add-on growth capital.
Founder-led or family-owned companies that want flexible capital without giving up control.
Profitable companies funding expansion, product rollout or strategic M&A with debt plus minority equity support.
Fidus is headquartered in the United States and focuses its lending and investing on U.S...
Fidus aims to generate attractive risk-adjusted returns by combining current income from debt with capital appreciation...
The firm relies on credit quality and downside protection to preserve income and NAV.
Tailored structures help win deals in competitive lower middle-market lending.
Diversification reduces the impact of borrower-specific or sector-specific stress.
Fidus faces credit risk from borrower underperformance, valuation declines and non-accruals, which can directly reduce...
The business depends on interest income and fair value from leveraged borrowers; underperformance can cause non-accruals and write-downs.
More lenders chasing similar deals can lower yields, loosen terms and reduce underwriting discipline.
The adviser manages multiple vehicles and must allocate opportunities fairly, which can create perceived or actual conflicts.
Licensed SBIC funds are subject to leverage limits and regulatory oversight, which can constrain capital deployment.
Outsourced administration, servicing and portfolio-company systems can be disrupted by breaches or outages.
FDUS
Fidus Investment Corporation is a U.S.-based business development company that provides customized debt and equity financing to lower middle-market companies.
MFIC
MidCap Financial Investment Corp is a Maryland-based closed-end business development company that invests in debt and equity securities of middle-market companies.
FIGX · Blank Checks
FIS · Services-Business Services, NEC
PFX
PhenixFIN Corp is a U.S.-based business development company that invests primarily in debt and equity securities of privately held middle-market companies.
SCM
Stellus Capital Investment Corp is a U.S.-based business development company that provides debt and related equity capital to lower middle-market companies.
: 28.4.2026