Fidus Investment Corp’s (FDUS) recent approval of a second SBIC license brings the company’s liquidity up to $125 million, which FDUS is using to make calculated investments in its portfolio, says Edward H. Ross, Chairman and CEO of Fidus Investment Corporation.
“With the recent approval of a second SBIC license and the $75 million of debt capital that comes with it, we have well over $125 million of liquidity, which positions us well for making additional investments and growing our investment portfolio in a deliberate manner over time,” Ross said.
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Ross believes Fidus Investment Corp is well-positioned for future growth as the company looks to make investments in high-quality companies that have solid performance potential.
“As we look forward, our focus is on making investments in high-quality companies that are leaders in their respective niches, that we believe will perform well over the long term, that operate in industries we know well and that generate excess cash flow for both debt service and investment,” Ross said.
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