OFS Capital (NASDAQ:OFS) (NASDAQ:OFS) is a publicly traded business development company that specializes in providing financing solutions to middle-market companies across North America. As an externally managed BDC, OFS Capital offers a range of debt and equity co-investment products designed to support growth capital, acquisitions, recapitalizations and refinancings. The company targets established businesses with annual revenues typically between $20 million and $150 million, with a focus on senior secured loans and unitranche structures that aim to preserve investor capital while delivering attractive risk-adjusted yields.
Through its affiliate OFS Advisors, Inc., OFS Capital underwrites, structures and monitors investments across a variety of industries, including business services, consumer products, healthcare, manufacturing and technology. The firm’s investment team leverages deep credit research capabilities to assess borrower cash flows, collateral profiles and market positioning. In addition to first-lien loans, OFS Capital selectively provides second-lien and mezzanine debt or equity co-investments when it identifies opportunities for enhanced returns and sponsor alignment.
Founded in 2013 as a spin-out from a long-standing private credit platform, OFS Capital has built a track record of disciplined underwriting and active portfolio management. The company’s investment professionals draw on decades of experience in leveraged finance, distressed investing and restructuring, enabling them to navigate complex transactions and market cycles. OFS Capital’s governance structure includes an independent board of directors responsible for overseeing investment policies and ensuring alignment with shareholder interests.
Headquartered in New York City, OFS Capital primarily serves U.S. borrowers, with the flexibility to consider Canadian issuers on a case-by-case basis. The company maintains a flexible capital structure to respond quickly to sponsor-led and corporate-sponsored opportunities, and it continually refines its credit framework to adapt to evolving market conditions. OFS Capital’s leadership team is committed to transparency and regular engagement with investors, providing updates on portfolio performance, market outlook and strategic initiatives.
