- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- Nov 30, 2018
- Business
- WhiteHorse Finance, Inc. is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The company originates and invests primarily in senior secured loans, including first lien debt, second lien debt, and unitranche loans; equity investments; and other debt securities to lower middle-market companies with revenues typically between $50 million and $500 million across diverse industries such as broadline retail, office services and supplies, building products, health care services and supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable and satellite, telecom, media and technology, business services, and financial services. WhiteHorse Finance targets companies with strong management teams, defensible market positions, and predictable cash flows, providing financing for growth capital, acquisitions, buyouts, refinancings, and balance sheet recapitalizations; it actively manages its portfolio through origination, underwriting, structuring, and ongoing monitoring, generating revenue primarily from interest income and capital gains.
Founded in 2011 and headquartered at 1450 Brickell Avenue, 31st Floor, Miami, Florida 33131, the company operates principally in the United States, with its shares publicly traded on the Nasdaq Global Select Market under the ticker symbol WHF and the 6.50% Notes due 2029 under WHFBZ. WhiteHorse Finance is affiliated with H.I.G. Capital, a global alternative investment firm, which assumed direct management in 2015 to align investment strategies and enhance operational expertise.
In recent developments, WhiteHorse Finance announced third quarter 2025 earnings results and initiated a stock repurchase program of up to $15.0 million while declaring a quarterly distribution. The company continues portfolio optimization and growth, maintaining a diversified investment portfolio of $642.2 million as of December 31, 2024, following $2.74 billion invested in 253 transactions since inception; its affiliate WhiteHorse Capital agented a new first lien credit facility in June 2024 to support Stellex Capital Management's acquisition of TriplePoint Acquisition Holdings LLC, a leading HVAC and plumbing services provider. Recent activities also include lending roles in transactions such as Wilbur Ellis Nutrition (August 2025) and Island Energy Services (July 2025), underscoring ongoing expansion in middle-market direct lending.