Content analysis
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H.S. junior Avg
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New words:
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Removed:
charge, CSA, debenture, Deferral, develop, discontinued, discounting, duration, examined, expanded, expiration, Facilitation, formula, guidance, impair, imposed, indefinitely, licensing, maturing, met, modify, optional, pari, participant, partner, passu, perspective, refine, reimbursing, representative, reviewed, scope, short, size, statutory, sunset, transparent, trust, typical, useable, validate
Financial report summary
?Risks
- The Adviser's personnel primarily work from home.
- The Adviser's dependence on technology.
- Each of the Adviser and the Administrator can resign on 60 days’ notice, and we may not be able to find a suitable replacement within that time, resulting in a disruption in our operations that could adversely affect our financial condition, business, and results of operations.
- Our portfolio may initially lack geographic diversification across Target Regions.
- Ongoing international events have increased global political and economic uncertainty, which may have a material impact on the Company’s portfolio and the value of your investment in the Company.
- Inflation may adversely affect the business, results of operations and financial condition of our portfolio companies.
- The impact of economic recessions or downturns may impair our portfolio companies and lead to defaults by our portfolio companies, which could harm our operating results.
Management Discussion
- Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
- The Company is an externally managed, non-diversified, closed-end investment company focused on lending to middle market businesses while offering them significant managerial assistance to strengthen their workforce, with the goal of creating and preserving jobs and stimulating economic growth in each of ten Target Regions across the United States. The Company believes that demand for capital investment and managerial assistance is particularly acute among middle market companies headquartered in overlooked places, given that we believe business development companies and other capital providers primarily focus on investments in businesses located in high income jurisdictions. We believe inflationary pressures and the increasing employee benefits gap exacerbate this demand, enabling us to utilize our investment approach to select favorable risk-adjusted return opportunities.
- Our investment objective is to generate favorable risk-adjusted returns, including current income and capital appreciation, principally from investments in "non-sponsored" middle market businesses that are primarily domiciled, headquartered and/or have a significant operating presence in each of the Target Regions, with a goal to invest at least 5% of its assets in each region over time. We define middle market businesses as companies having annual revenues between $10 million and