PFX PhenixFIN Corporation

Margins & Returns

PhenixFIN Corporation functions as a Business Development Company (BDC), concentrating its investment efforts on privately arranged debt and equity instruments issued by small and mid-sized businesses. The firm's primary geographical focus is North America. It targets private debt investments in companies with enterprise or asset values ranging from $25 million to $250 million, with individual debt investment sizes typically falling between $10 million and $50 million. Its investment structures encompass first lien senior secured loans, second lien senior secured loans, senior secured notes, senior subordinated notes, subordinate notes, and unitranche loans. Additionally, PhenixFIN often seeks warrants or other forms of equity participation for potential upside. Under specific conditions, the company may also co-invest in privately negotiated transactions. While PhenixFIN typically holds investments for three to seven years, often until maturity or repayment, it retains the flexibility to divest earlier. Beyond providing capital, the firm may actively engage with its portfolio companies by securing board representation and offering managerial assistance. PhenixFIN invests across a wide array of sectors, including: Business services Buildings and real estate Automotive Oil and gas Aerospace and defense Home and office furnishings, housewares, and durable consumer products Healthcare, education, and childcare Personal, food, and miscellaneous services Retail stores Diversified or conglomerate manufacturing Telecommunications Mining, steel, iron, and non-precious metals Leisure, amusement, motion pictures, and entertainment Chemicals, plastics, and rubber Finance Personal and nondurable consumer products (manufacturing only) Beverage, food, and tobacco Containers, packaging, and glass Structured finance securities Machinery (excluding agriculture, construction, and electrical types) Diversified or conglomerate services Restaurant and franchise operations Electronics Cargo transport PhenixFIN Corporation was founded in 2010 and maintains its headquarters in New York, New York.