PhenixFIN Corporation is a business development company. The firm seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services buildings and real estate automobile oil and gas aerospace and defense home and office furnishings, housewares, and durable consumer products healthcare, education and childcare personal, food, and miscellaneous services retail stores, diversified or conglomerate manufacturing telecommunications mining, steel, iron, and non-precious metals leisure, amusement, motion pictures, and entertainment chemicals, plastics, and rubber finance personal and nondurable consumer products (manufacturing only) beverage, food, and tobacco containers, packaging, and glass structure finance securities machinery (non-agriculture, non-construction, non-electric) diversified or conglomerate service restaurant and franchise electronics and cargo transport. The fund seeks to invest in companies located in North America. The fund targets private debt transactions in companies with enterprise values or asset values between $25 million and $250 million. The fund seeks to invest in companies with debt investment values between $10 million and $50 million. It exits its investments between three years and seven years it holds most of its investments to maturity or repayment, but may realize or sell some investments earlier. The fund may take a board seat on its investee companies and can also offer managerial assistance to certain portfolio companies. It structures its investments as first lien senior secured loans, second lien senior secured loans, senior secured notes, senior subordinated notes, subordinate notes, unitranche loans, and seeks warrants or other equity participation. The fund may co-invest in privately negotiated transactions under certain conditions.