The Fly | CSWC

Lower Middle Market Focus: Investing in the lower middle market provides a less competitive landscape and opportunities for attractive risk-adjusted returns.

Internally Managed Structure: As an internally managed BDC, CSWC benefits from a lower expense ratio and greater alignment of interests with shareholders compared to externally managed peers.

Disciplined Credit Underwriting: A rigorous and conservative credit underwriting process helps maintain portfolio quality and mitigate downside risk across economic cycles.

Credit Default Risk: The risk that portfolio companies may be unable to repay their loans or obligations, leading to a loss of principal and interest income for CSWC.

Interest Rate Fluctuation Risk: Changes in interest rates could negatively impact CSWC's net investment income by affecting the yield on its investments and its borrowing costs.

Economic Downturn Risk: A general economic recession or significant industry-specific challenges could impair the financial health of CSWC's portfolio companies, leading to increased defaults and decreased investment opportunities.

Lower Middle Market Focus: Investing in the lower middle market provides a less competitive landscape and opportunities for attractive risk-adjusted returns.

Internally Managed Structure: As an internally managed BDC, CSWC benefits from a lower expense ratio and greater alignment of interests with shareholders compared to externally managed peers.

Disciplined Credit Underwriting: A rigorous and conservative credit underwriting process helps maintain portfolio quality and mitigate downside risk across economic cycles.

Credit Default Risk: The risk that portfolio companies may be unable to repay their loans or obligations, leading to a loss of principal and interest income for CSWC.

Interest Rate Fluctuation Risk: Changes in interest rates could negatively impact CSWC's net investment income by affecting the yield on its investments and its borrowing costs.