Summary
Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options. The fund does not invest in start-ups. The fund seeks to invest in manufacturing, consumer products and business/consumer services sector. It seeks to invest in small and mid-sized companies based in the United States. The fund prefers to make debt investments between $5 million and $30 million and equity investments between $10 million and $40 million in companies. The fund seeks to invest in companies with revenue between $20 million and $100 million. The fund invests in companies with EBITDA from $3 million to $20 million. It seeks minority equity ownership and prefers to hold a board seat in its portfolio companies. It also prefers to take majority stake in its portfolio companies. The fund typically holds the investments for seven years and exits via sale or recapitalization, initial public offering, or sale to third party.
History
Gladstone Investment Corporation was founded in 2004 and is based in McLean, Virginia. The Company is a publicly-traded business development company (BDC) that provides capital to small and mid-sized businesses. As of December 31, 2020, the firm managed total assets of $1.2 billion.
Mission
Gladstone Investment Corporation’s mission is to provide fixed-income and equity investors a combination of current income, long-term capital appreciation, and portfolio diversification.
Vision
Gladstone Investment Corporation’s vision is to be the premier provider of capital and financial services to small businesses while providing both Shareholders and borrowers with unparalleled customer service and returns.
Key Team
Ms. Rachael Z. Easton (CFO & Treasurer)
Ms. Karin McLaughlin (Investor Relations Specialist)
Mr. Michael Bernard LiCalsi Esq., J.D. (Gen. Counsel & Sec.)
Mr. John Anthony Dellafiora Jr., CPA (Chief Compliance Officer)
Mr. Kyle Largent CFA (Exec. VP & Sr. Managing Director)
Ms. Paula Novara (Head of Resources Management & Director)
Ms. Erika Highland (Managing Director)
Recognition and Awards
Gladstone Investment Corporation has been recognized by a number of organizations for its long-term success. The company has been selected for the 2020 Top BDC Awards from The Information Management Network, and ranked #2 nationally for Preferred Stock by Monitor 100 for 2020 and 2019.
References
United States 