KCAP Financial, Inc. Email Format
Financial ServicesNew York, United States11-50 Employees
KCAP Financial, Inc. is a publicly traded, internally managed business development company based in New York City. The firm operates a middle market investment business under the KCAP Financial name and also oversees asset management through its wholly owned affiliates Katonah Debt Advisors and Trimaran Advisors, which manage collateralized loan obligation funds investing in broadly syndicated loans, high-yield bonds, and other credit instruments. Through its middle market activities, KCAP originates, structures, finances, and manages a portfolio of term loans, mezzanine investments, and selected equity securities targeted at middle market companies. Katonah Debt Advisors and Trimaran Advisors collectively manage assets across CLO funds, with approximately $3.4 billion in assets under management. The company serves investors seeking credit-focused investment solutions and asset management capabilities within the financial services industry, and is headquartered in New York, serving clients in a context that includes independent and affiliated asset management operations, alongside its core BDC activities. In recent developments, KCAP completed the sale of its Asset Manager Affiliates to LibreMax Capital in November 2018, reflecting a structural change in its asset management ownership.