Gladstone Investment Corporation is business development company specializes in lower middle market mature stage buyouts refinancing existing debt senior debt securities such as senior loans senior term loans lines of credit and senior notes senior subordinated debt securities such as senior subordinated loans and senior subordinated notes junior subordinated debt securities such as subordinated notes and mezzanine loans limited liability company interests and warrants or options The fund does not invest in startups The fund seeks to invest in manufacturing consumer products and businessconsumer services sector It seeks to invest in small and midsized companies based in the United States The fund prefers to make debt investments between 5 million and 30 million and equity investments between 10 million and 40 million in companies The fund seeks to invest in companies with revenue between 20 million and 100 million The fund invests in companies with EBITDA from 3 million to 20 million It seeks minority equity ownership and prefers to hold a board seat in its portfolio companies It also prefers to take majority stake in its portfolio companies The fund typically holds the investments for seven years and exits via sale or recapitalization initial public offering or sale to third party