SARATOGA INVESTMENT CORP.
AI Executive Summary
AI-powered analysis of 10-K filing content
Saratoga Investment Corp is a specialty finance company focused on middle-market lending with $1.14 billion in assets across 49 portfolio companies as of February 2026. The company maintains its core strategy of investing in leveraged loans and mezzanine debt to companies with $2-50 million EBITDA, with external management by Saratoga Investment Advisors.
Red Flags Detected (4)
Portfolio concentrated in below investment grade 'junk' rated leveraged loans with higher default risk
Saratoga CLO investment has zero fair value ($0.0 million), indicating potential writedown
Up to 30% allocation allowed for opportunistic investments including distressed debt and bankruptcy securities
1 more red flag detected
Key Takeaways
Business Development Company (BDC) structure operating in competitive middle-market lending space
Diversified portfolio across 49 companies reduces concentration risk
2 more takeaways
Filing Overview
What This Means
Annual Report: Comprehensive filing covering the full fiscal year with audited financial statements.