GLADSTONE INVESTMENT CORPORATION\DE

Gladstone Investment Corporation is a business development company (BDC) that provides debt and equity financing to lower middle-market companies in the United States. The firm targets mature stage companies and leveraged buyouts, avoiding early-stage ventures. Investment sizes typically range from $5 million to $30 million for debt and $10 million to $40 million for equity, with a focus on companies generating $4 million to $15 million in EBITDA.

The company's investment portfolio spans multiple debt instruments, including senior loans, senior subordinated loans, and mezzanine financing, as well as minority and majority equity positions. Gladstone targets sectors including manufacturing, consumer products, and business/consumer services. The firm actively participates in portfolio management, typically seeking board representation and maintaining investment horizons of approximately seven years, with exits typically achieved through sales, recapitalizations, or initial public offerings.

Based in McLean, Virginia, Gladstone operates as a publicly traded BDC on Nasdaq. The firm generates revenue through interest income on debt investments, dividend and fee income from equity holdings, and gains on portfolio exits. As a BDC, the company is required to distribute substantially all net investment income to shareholders.