- CEO
- Jonathan H. Cohen
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 8 Sound Shore Drive Greenwich CT United States of America 06830
- IPO Date
- Nov 24, 2003
- Business
- Oxford Square Capital Corp. is a publicly traded, closed-end, non-diversified business development company specializing in investments aimed at achieving attractive risk-adjusted total returns. The company primarily invests in corporate debt securities and collateralized loan obligation (CLO) structured finance investments, which predominantly own corporate debt securities. Its investment portfolio includes secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, common stock, and syndicated bank loans, with a focus on technology-related sectors such as software, internet, IT infrastructure, media, telecommunications, semiconductors, hardware, medical device technology, and diversified technology. The firm targets companies generally with annual revenues under $200 million and enterprise values below $300 million, investing between $5 million and $30 million per transaction. Oxford Square Capital's capital is utilized by corporate borrowers to finance organic growth, acquisitions, recapitalizations, and working capital needs. The company also manages CLO equity investments and warehouse financing facilities that may serve as precursors to CLO vehicles. It operates mainly in the U.S. but its investments span various industries including structured finance, IT consulting, business services, utilities, software, healthcare, telecommunication services, plastics manufacturing, and diversified insurance. Founded in 2006, Oxford Square Capital Corp. is headquartered in New York City.
Recent major company developments include a $65 million public offering of unsecured notes due 2030, with a 7.75% interest rate, aimed at repaying existing debt, acquiring new investments aligned with its strategic objectives, and supporting general corporate purposes. This offering notably enhances the company's financial flexibility and investment capacity. Additionally, there has been a strategic shift in portfolio allocation, increasing first-lien secured debt concentration to nearly 50% of the portfolio from 34% a year prior, while reducing second-lien secured debt significantly. The company authorized a $25 million share repurchase program in late 2025 and has actively issued shares through at-the-market offerings to raise additional capital. Oxford Square Capital reported mixed financial results in 2025 quarters, with fluctuations in net investment income and total investment income, reflecting ongoing portfolio repositioning and active loan and CLO equity management. The company continues to balance deployment of capital in new debt and equity investments while managing leverage and debt maturity profiles to optimize returns and risk. Joint book-running managers for recent offerings include Lucid Capital Markets and Piper Sandler, supported by other lead managers such as Clear Street and William Blair.
Oxford Square Capital Corp. operates within the financial services industry, specifically focusing on private equity, mezzanine financing, and structured credit investments. It serves corporate borrowers and investors seeking exposure to middle-market technology and diversified industries. The company's investment advisory affiliate, TICC Investment Corporation, benefits from Oxford Square’s investment capabilities. The company’s headquarters, founded in 2006, is located in New York, New York. This strategic blend of corporate debt and CLO investment expertise positions Oxford Square Capital as a specialized investment manager with robust risk-adjusted return objectives and active portfolio management in the evolving structured finance market.