Chicago Atlantic BDC (NASDAQ: LIEN) is a closed-end, externally managed business development company that provides tailored financing solutions to middle-market companies across the United States. The firm specializes in originating and structuring secured debt and equity investments for businesses typically valued between $25 million and $250 million. Its portfolio encompasses senior secured loans, second-lien and unitranche financings, mezzanine debt, and selective equity co-investments, all designed to support corporate acquisitions, growth initiatives, refinancings and recapitalizations.
Since its initial public offering in November 2016, Chicago Atlantic BDC has built a diversified portfolio spanning industries such as healthcare services, business services, industrial manufacturing, consumer products and specialty distribution. By focusing on sponsor-backed transactions and seasoned management teams, the company aims to mitigate risk through rigorous credit analysis, covenants and collateral protection. Its investment approach combines fundamental underwriting discipline with active portfolio monitoring, reflecting a commitment to capital preservation and attractive risk-adjusted returns.
The company is externally advised by Chicago Atlantic Management, LLC, a privately owned alternative credit platform with offices in Chicago and Los Angeles. The management team leverages decades of experience in private credit and middle-market financing, drawing on deep sector expertise to source, structure and manage transactions. Through co-investment partnerships and a network of strategic relationships, the adviser enhances deal flow and execution capabilities across economic cycles.
Governance at Chicago Atlantic BDC is overseen by a board of directors and an investment committee comprised of industry veterans with backgrounds in banking, private equity and corporate finance. The senior leadership team, which includes seasoned professionals responsible for portfolio management, credit assessment and risk control, emphasizes a disciplined process for portfolio construction and active asset management. This alignment of seasoned leadership and robust governance infrastructure underpins the company’s mission to deliver consistent income and long-term value for shareholders.
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