BlackRock Kelso Capital provides middle-market companies with flexible financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities. Our strategy is to provide capital to meet our clients’ current and future needs across this spectrum, creating long-term partnerships with growing middle-market companies.
BlackRock Kelso Capital was formed in 2005 by management, BlackRock, Inc. and principals of Kelso & Company. BlackRock Kelso Capital has capital resources exceeding $1 billion. Since the commencement of our operations, our team of investment professionals has evaluated more than 2,600 investment opportunities and completed over 135 investments on our behalf, aggregating over $2.9 billion in capital provided to middle-market companies through March 2013.
BlackRock Kelso Capital's investment team and the members of its Investment Committee, have had a long history of investing in nearly every industry group and at every level of the capital structure, as well as providing unique financing solutions to meet the needs of business-owners and managers.
Unlike traditional banks and finance companies, BlackRock Kelso Capital can provide flexible capital in a wide variety of structures ranging from senior loans, including cash flow, asset-backed and junior lien facilities, to common equity investments.
Unlike traditional private equity firms, BlackRock Kelso Capital is comfortable making non-control investments in middle-market companies in all industries.
Our investment objective is to generate both current income and capital appreciation through our debt and equity investments. We invest primarily in middle-market companies and target investments throughout the capital structure that we believe provide an attractive risk-adjusted return. Our investments typically range between $10 million and $50 million, although the investment sizes may be more or less than the targeted range. We invest in companies that operate in a broad variety of industries and that generate positive cash flows.
BlackRock Kelso Capital is organized as an externally-managed, non-diversified closed-end management investment company and has elected to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940.