FIDUS INVESTMENT Corp

Fidus Investment Corporation is a business development company that provides debt and equity financing to lower middle market companies in the United States. The firm specializes in leveraged buyouts, recapitalizations, growth capital, and strategic acquisitions, alongside a range of debt instruments including senior secured loans, subordinated debt, unitranche financing, and preferred equity. The company explicitly avoids turnaround situations and distressed investments, focusing instead on companies with established operations and demonstrable cash flows.

The firm targets companies across aerospace and defense, business services, consumer products and services, healthcare, industrial products, information technology services, niche manufacturing, transportation and logistics, and value-added distribution sectors. Typical equity investments range from $5 million to $30 million per transaction in companies with annual revenues between $10 million and $150 million and EBITDA between $5 million and $30 million, though larger or smaller transactions occur occasionally. Debt investments typically range from $5 million to $15 million. Fidus generally seeks minority equity stakes and board observation rights alongside its investments rather than control positions.