Our investment process is centered on the needs of our clients. The screening and due diligence process is designed to ensure creative and timely responses that meet our clients' needs in a particular transaction or financing. We will work with our clients and other participants in each transaction to structure and provide the most flexible capital to meet the requirements of each specific situation.
We are committed to providing timely, thoughtful and flexible responses to every opportunity.
Companies with strong management teams and defensible market positions that lack access to public financing markets or are underserved by traditional lending sources.
Companies with positive cash flow that require additional financing.
Generally companies with EBITDA or operating cash flow of $10 – $50 million.
Approximately $10 - $50 million, with flexibility to invest larger or smaller amounts.
We are flexible about partnering with more traditional capital providers such as asset-based lenders and commercial banks to provide additional capital in transactions, structured in a manner that enhances the financial flexibility of managers and shareholders.
Debt investments are principally structured to provide for current cash interest, and to a lesser extent, non-cash interest, principally with subordinated debt investments, through a pay-in-kind (PIK) feature.
BlackRock Kelso Capital can be more flexible than traditional banks in providing patient, non-amortizing capital for growing middle-market companies.
Equity investments can be structured in the form of warrants, preferred stock, common equity co-investments, and direct investments in common stock.
Unlike traditional private equity firms, BlackRock Kelso Capital is comfortable making non-control investments in middle-market companies in all industries.