Info

Patriot Capital Funding, Inc. is a closed-end and non-diversified investment company. It is a specialty finance company that provides financing solutions to small- to mid-sized companies. The Company typically invests in companies with annual revenues between $10 million and $100 million, and companies, which operate in various industrial sectors. As of December 31, 2008, it had debt investments in 32 portfolio companies with an aggregate fair value of $308 million, and warrants to purchase shares of common stock in two portfolio companies and equity investments (other than warrants) in 21 portfolio companies with an aggregate fair value of $14.3 million. As of December 31, 2008, senior secured revolving lines of credit, senior secured term loans, junior secured term loans, subordinated debt, and equity investments comprised approximately 3.2%, 45.4%, 18.0%, 29.0%, and 4.4% respectively, of the investment portfolio at fair value.(Source: 10-K)