Saratoga Investment Corp. SAR

Company Overview

Saratoga Investment Corp. is a publicly traded specialty finance company that operates as a business development company (BDC) under the Investment Company Act of 1940. The company provides direct lending solutions to U.S. middle-market companies, primarily through senior secured loans, unitranche loans, and selected equity investments. It operates within the private credit and alternative asset management industries, focusing on generating current income and capital appreciation for shareholders.

The company’s primary revenue drivers are interest income from debt investments and dividends or realized gains from equity positions. Saratoga Investment Corp. targets sponsor-backed and non-sponsor-backed companies across a variety of industries, emphasizing defensive business models and strong cash flow characteristics. Founded in 2010, the company emerged from the restructuring of GSC Investment Corp. and has since repositioned itself with a focus on disciplined underwriting, lower leverage, and a predominantly first-lien loan portfolio.