- CEO
- David Aaron Lorber
- Full Time Employees
- 6
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 445 Park Avenue New York City NY United States of America 10022
- IPO Date
- Mar 22, 2013
- Business
- PhenixFIN Corporation (NASDAQ: PFX) is an internally managed, non-diversified closed-end management investment company and business development company (BDC) that elects to be regulated under the Investment Company Act of 1940. The company generates current income and capital appreciation primarily through originating, structuring, executing, and managing privately negotiated debt and equity investments in small- and middle-market companies located principally in North America; its portfolio comprises senior secured first lien term loans, senior secured second lien term loans, senior secured bonds, unitranche loans, subordinated loans, preferred equity, and common equity, with a focus on below-investment-grade or unrated debt in sectors including business services, buildings and real estate, automobiles, oil and gas, aerospace and defense, healthcare, education, retail, telecommunications, and diversified manufacturing. Founded on April 23, 2010 and headquartered in New York City, New York, PhenixFIN targets privately held companies alongside selective opportunities in other BDCs, closed-end funds, and real estate investment trusts (REITs), while also pursuing asset-based lending and other strategic initiatives.
In November 2024, PhenixFIN partnered with Brightwood Capital Advisors and Insight Equity to provide a senior secured credit facility and preferred equity to MB Precision Investment Holdings (operating as Midstate Machine), a high-precision components manufacturer for aerospace, defense, and industrial sectors with facilities in Maine, Ohio, and Arizona, supporting refinancing and growth initiatives. In April 2025, the company collaborated with Crestline Investors to extend a senior loan to WHI, an aerospace and defense manufacturer, facilitating expansion plans amid strong sector tailwinds. These alliances underscore PhenixFIN's strategy as a flexible capital provider in targeted industries, with recent financial results for fiscal Q2 2025 showing total investment income of $6.0 million and net investment income of $1.0 million.