WhiteHorse Finance (NASDAQ: WHF) is a closed-ended management investment company that specializes in providing private debt financing solutions to small and middle-market enterprises across the United States. Organized as a business development company, WhiteHorse Finance seeks to deliver attractive risk-adjusted returns by originating, structuring and managing a diversified portfolio of senior secured loans, asset-based financings and equipment leases. The firm’s investment strategy emphasizes first-lien financing with strong collateral coverage, complemented by selective second-lien and mezzanine debt positions.
Through its investment adviser, WhiteHorse Finance Advisors, the company offers tailored financing products that address working capital needs, fund acquisitions, facilitate equipment purchases and support corporate growth initiatives. The portfolio typically spans a broad array of industries, including manufacturing, healthcare services, business services and technology, with individual investment sizes generally ranging from $5 million to $25 million. In addition to debt financings, WhiteHorse Finance selectively participates in equity co-investments alongside its debt instruments, enabling enhanced alignment of interest with portfolio companies.
Since its initial public offering in 2014, WhiteHorse Finance has grown its asset base by leveraging an internalized management platform, implemented in 2017 to streamline decision-making and deepen industry expertise. Headquartered in New York City, the company employs a team of credit professionals who oversee sourcing, underwriting and portfolio monitoring. Its investment approach combines rigorous due diligence with ongoing risk management to preserve capital and mitigate downside exposure.
WhiteHorse Finance’s leadership team brings decades of specialized experience in private credit markets. Co-Chief Executive Officers Frank J. Miranda and William P. Kenny jointly oversee the firm’s strategy and operations, while Chief Financial Officer David S. Edelstein manages financial reporting, treasury and dividend administration. Supported by a board of directors with extensive backgrounds in lending, restructuring and corporate governance, WhiteHorse Finance maintains a disciplined framework aimed at delivering consistent income to its shareholders.
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