We are an externally managed, closed-end, non-diversified management investment company and have elected to be treated as a BDC under the 1940 Act. We were formed on December 8, 2015, as a corporation under the laws of Maryland. Our investment objective is to provide our stockholders with both current income and capital appreciation primarily through debt investments and, to a lesser extent, equity investments. Our investment strategy focuses primarily on investments in middle-market companies in the United States. We use the term “middle-market” to refer to companies that may exhibit one or more of the following characteristics: number of employees between 150 and 2,000; revenues between $15 million and $300 million; annual EBITDA, between $3 million and $50 million; generally, private companies owned by private equity firms or owners/operators; and enterprise value between $10 million and $500 million. For additional information about how we define the middle-market, see "—Investment Criteria/Guidelines." Our investment strategy focuses primarily on middle-market companies in the United States including senior secured loans, which includes first-lien, second-lien and unitranche loans, as well as subordinated loans and, to a lesser extent, warrants and other equity securities. We also may invest up to 30% of our portfolio in opportunistic investments of portfolio companies not otherwise eligible under BDC regulations. Specifically, as part of this 30% basket, we may consider investments in investment funds that are operating pursuant to certain exceptions to the 1940 Act and in advisers to similar investment funds, as well as in debt of middle-market companies located outside of the United States and debt and equity of public companies that do not meet the definition of eligible portfolio companies because their market capitalization of publicly traded equity securities exceeds the levels provided for in the 1940 Act.
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry
Industry (SIC)
Former names
GLOBAL TECHNOLOGIES CORP
SEC CIK
Corporate docs
Subsidiaries
HPCI-CGA, LLC • HPCI-MB, Inc. ...
Latest filings (excl ownership)
8-K
Results of Operations and Financial Condition
31 Oct 24
8-K
Results of Operations and Financial Condition
22 Oct 24
8-K
Submission of Matters to a Vote of Security Holders
16 Oct 24
D/A
$200.00 mm in equity, sold $37.54 mm, 470 investors
3 Oct 24
DEFA14A
Additional proxy soliciting materials
3 Oct 24
SC TO-I/A
Issuer tender offer statement (amended)
1 Oct 24
8-K
Results of Operations and Financial Condition
30 Sep 24
DEFA14A
Additional proxy soliciting materials
13 Sep 24
DEFA14A
Additional proxy soliciting materials
12 Sep 24
ARS
2023 FY
Annual report to shareholders
5 Sep 24
Financial summary
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Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 815.08 k | 815.08 k | 815.08 k | 815.08 k | 815.08 k | 815.08 k |
Cash burn (monthly) | 84.01 k | 14.16 k | 340.25 k | 139.42 k | (no burn) | (no burn) |
Cash used (since last report) | 361.82 k | 60.99 k | 1.47 mm | 600.43 k | n/a | n/a |
Cash remaining | 453.27 k | 754.09 k | -650.27 k | 214.65 k | n/a | n/a |
Runway (months of cash) | 5.4 | 53.2 | -1.9 | 1.5 | n/a | n/a |