PhenixFIN Corp $PFX

What the company doesAI summary of filing

PhenixFIN Corporation is a Delaware-incorporated, internally-managed closed-end business development company that commenced operations in January 2011 and is regulated as a BDC under the Investment Company Act of 1940. The company generates income and capital appreciation primarily by making loans and private equity investments in privately-held companies, with a portfolio consisting of senior secured first lien term loans, senior secured second lien term loans, senior secured bonds, preferred equity, and common equity. The company also operates an asset-based lending business through FlexFIN LLC (serving the gemstone/jewelry industry), owns a restaurant concept through NVTN LLC, and acquired approximately 80% of The National Security Group in October 2024, a nationwide life, accident, and health insurance underwriter. The company finances its investments partially through borrowings, subject to maintaining asset coverage of at least 200% as required under BDC regulations. [10-K 2025-12-12]

Segments: Senior secured term loans (first lien and second lien), Asset-based lending (FlexFIN), Restaurant operations (NVTN LLC), Insurance underwriting (The National Security Group)