First Eagle Alternative Capital BDC (FCRD) Stock Analysis

What First Eagle Alternative Capital BDC does

THL Credit, Inc. operates as a business development company, focusing its investment strategy on both direct capital deployments and fund-of-funds structures. The firm primarily allocates capital to debt and equity securities issued by middle-market companies. It actively participates in a range of transaction types, such as Private Investments in Public Equity (PIPES), growth financing, acquisitions, market or product expansion initiatives, recapitalizations, investments in mature businesses, and change-of-control transactions, supporting both sponsored and unsponsored issuers. The fund maintains clear investment parameters, explicitly avoiding start-up ventures, companies experiencing operational distress, or those presenting speculative business models. Its portfolio predominantly comprises debt instruments, specifically unsecured subordinated or mezzanine debt and second-lien secured debt, which frequently incorporate an associated equity component like warrants, preferred stock, or options for minority ownership. Beyond these, the fund may also invest in high-yield bonds, private equity interests, broadly traded public company securities, and securities from non-United States companies. THL Credit, Inc. also pursues direct equity investments, including those channeled through funds, and selectively engages in syndicated first-lien secured loans, such as unitranche facilities. The BDC targets investments across key sectors including outsourced business services, healthcare, financials, retail, media, and consumer discretionary. Typically, the fund commits between $10 million and $25 million per transaction, seeking companies with annual revenues ranging from $25 million to $500 million and annual EBITDA between $5 million and $25 million. It generally prefers to assume a lead or sole investor role in its transactions.

Key metrics

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Frequently asked questions

What is the ticker symbol for First Eagle Alternative Capital BDC?

First Eagle Alternative Capital BDC trades under the ticker FCRD on NASDAQ.

Which exchange is FCRD listed on?

FCRD is listed on NASDAQ.

What sector does First Eagle Alternative Capital BDC operate in?

First Eagle Alternative Capital BDC is classified in the Financial Services sector (Asset Management industry).

How can PortView help analyze FCRD in a portfolio?

PortView shows FCRD's weight in your portfolio, its contribution to return and risk, sector exposure, indirect exposure through ETFs you own, and correlation with your other holdings.