NYSE: SAY
Saratoga Investment Corp. (NYSE: SAR) is a specialty finance company operating as a business development company (BDC) that provides customized financing solutions to U.S. middle-market businesses. The company invests primarily in senior and unitranche leveraged loans and mezzanine debt, and to a lesser extent equity, to finance change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. Saratoga is externally managed by Saratoga Investment Advisors, LLC. The company operates two active SBIC-licensed subsidiaries and manages a $350 million collateralized loan obligation (CLO) fund and co-manages a joint venture fund owning a $400 million CLO. As of August 31, 2026, the portfolio was principally invested in 50 portfolio companies, one CLO fund, one JV fund, and 32 BB and BBB CLO debt investments, with 81.5% in first lien term loans. The company's diverse funding sources include revolving credit facilities, SBA debentures, listed baby bonds, unlisted institutional bonds, and an ATM equity program, with total AUM at fair value of approximately $1.15 billion. Updated
International developed-market equities have outperformed US large caps through the first four months of 2026. The S&P 500 is up about 4.5% year to date, while three of the most widely held…
Saratoga Investment Corp. (NYSE: SAR) is a specialty finance company operating as a business development company (BDC) that provides customized financing solutions to U.S. middle-market businesses.
