Saratoga Investment Corp. (the BDC) has $650 million of assets under management. Within the BDC, Saratoga has an SBIC-licensed subsidiary and a $300 million Collateralized Loan Obligation (CLO) fund. These diverse funding sources, combined with a permanent capital base, enable Saratoga to offer a broad range of financing solutions, including subordinated debt, first and second lien loans, one-stop and unitranche structures and equity co-investments.
Saratoga seeks to partner with business owners (equity sponsors, fundless sponsors, family-owned businesses) and management teams to craft capital structures that enable them to pursue their business plans. Saratoga focuses on the lower end of the middle market, targeting US-based cash flow positive companies with annual revenues between $8 and $250 million and EBITDA in excess of $2 million.