Ofs Credit Company

What Ofs Credit Company does

OFS Credit Company (NASDAQ: OCCI) is a non-diversified, publicly traded closed-end management investment company registered under the Investment Company Act of 1940. Founded in 1994 and headquartered in Chicago, with additional offices in New York and Los Angeles, the fund is externally managed by OFS Capital Management, LLC — a subsidiary of Orchard First Source Asset Management, LLC whose trademarks (OFS®, OFS Capital®, OFS Credit®, HPCI®) cover the brand portfolio. Previously known as OFS Credit Markets Corporation, the company had 11–50 employees as of the latest data and is led by President & CEO Bilal Rashid.

The company's core business is the investment in Collateralized Loan Obligation (CLO) equity securities, with a secondary allocation to CLO debt tranches. CLOs are structured vehicles backed by diversified pools of U.S. senior secured floating-rate leveraged loans; the equity tranche sits at the bottom of the capital structure and captures the residual cash flows after debt service, while the debt tranches offer lower-risk exposure to the same collateral pool. OFS Capital Management provides the in-house underwriting, loan-level credit analysis, structural modeling, and loan-sourcing capabilities that the Adviser uses to evaluate both primary and secondary CLO opportunities.

The fund generates current income (primarily) and capital appreciation (secondarily) for its shareholders. It earns periodic interest income and residual CLO equity cash flows, from which it pays monthly distributions to common shareholders. Net investment income for FY 2025 was $22.6 million, and Q2 FY2026 net investment income was $4.4 million ($0.15 per share). The company recently cut its monthly common stock distribution from $0.115 to $0.05 per share and redeemed $26 million of preferred stock to preserve capital, while entering a $25 million Master Repurchase Agreement with Nomura Securities International (January 2026) to support operations. Shareholders can also reinvest distributions through a Dividend Reinvestment Plan.

Name

Ofs Credit Company

Legal name

OFS Credit Company, Inc.

Website

https://ofscreditcompany.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

OFS Credit Company (NASDAQ: OCCI) is a publicly traded closed-end fund that invests primarily in CLO equity and debt securities to generate current income and capital appreciation for its individual and institutional shareholders. It is externally managed by OFS Capital Management, LLC.

Ownership category

akta.pro rank

Product category

CLO Investment Fund

NAICS

Open-End Investment Funds (525910)

SIC

Finance Services (6199)

akta.pro primary industry

Structured Credit (CDO/CLO Tranches, Credit Opportunities) (FSAAAHAH)

akta.pro secondary industries

Structured Credit Distressed (CLO/ABS/RMBS/CMBS) Funds (FSANAKAJ), Specialty Finance / Structured Credit (FSANADAE)

Keywords

• Closed-end fund
• CLO equity investment
• Leveraged loan investing
• Credit securities fund
• Asset management

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Others, Personnel

Revenue model

1. CLO Equity Investment Income: Primary revenue stream from investments in CLO equity securities, generating current income through interest payments and capital appreciation. For Q2 FY2026, net investment income was $4.4 million ($0.15 per share), driven by interest income yield and CLO equity cashflows.
2. CLO Debt Securities Income: Secondary revenue from investments in CLO debt securities, providing interest income from debt tranches of CLO vehicles. The company invests in both equity and, to a lesser extent, debt tranches of CLOs.
3. Management Fees: The company is managed by OFS Capital Management, LLC, which receives management fees for investment advisory and administrative services provided to the fund.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

OFS Credit Company (NASDAQ: OCCI) is a non-diversified, publicly traded, closed-end management investment company registered under the Investment Company Act of 1940. It invests primarily in equity tranches, and to a lesser extent debt tranches, of collateralized loan obligations (CLOs) backed by diversified pools of U.S. senior secured floating-rate leveraged loans, with the objective of generating current income and capital appreciation for its shareholders.

Product overview

OFS Credit Company (NASDAQ: OCCI) is a single closed-end investment fund structured as a non-diversified management investment company. The company operates as one unified product offering focused on generating current income and capital appreciation through investment in CLO equity securities (primary) and CLO debt securities (secondary). The fund is managed by OFS Capital Management and provides investors access to diversified portfolios of senior secured leveraged loans via Collateralized Loan Obligation structures. The product ecosystem includes a Dividend Reinvestment Plan as an additional shareholder service.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Net investment income of $22.6 million for FY 2025
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators8 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Eagle Point Credit Company: Eagle Point Credit (NYSE: ECC) is a non-diversified, externally managed closed-end fund that invests primarily in CLO equity and debt securities. It is the closest direct comparable to OFS Credit in terms of mandate, structure, and target investor base.
• Oxford Square Capital Corp. Oxford Square (NASDAQ: OXSQ) is a closed-end fund focused on CLO equity and debt securities. Its single-strategy CLO mandate, externally managed structure, and monthly distribution policy make it a directly comparable peer.
• Marblegate Capital: Marblegate Capital is a CLO-focused investment manager with funds dedicated to CLO equity and debt, serving institutional and high-net-worth investors with similar mandate focus to OFS Credit.

Broad incumbents

• BlackRock TCP Capital Corp. BlackRock TCP Capital (NASDAQ: TCPC) is a publicly traded BDC providing senior secured loans to middle-market companies. Its externally managed structure and yield-focused offering overlap with OFS Credit's distribution-driven investor appeal.
• Saratoga Investment Corp. Saratoga Investment Corp (NYSE: SAR) is a publicly traded BDC externally managed by Saratoga Investment Advisors. It offers similar monthly distributions and yield-oriented exposure to leveraged credit, serving a comparable investor base.
• CION Investment Corporation: CION (NYSE: CION) is a publicly traded business development company (BDC) managed by Ares Management. While structured as a BDC rather than a CLO fund, it provides yield-oriented retail investors with comparable leveraged-credit exposure.
• Ares Capital Corporation: Ares Capital (NASDAQ: ARCC) is the largest publicly traded BDC, providing direct lending to U.S. middle-market companies. It competes for the same yield-seeking retail and institutional capital pool, though with a direct-lending rather than CLO equity strategy.
• New Mountain Finance Corporation: New Mountain Finance (NASDAQ: NMFC) is a publicly traded BDC externally managed by New Mountain Finance Advisers. Its yield-oriented, credit-focused mandate targets a similar investor base to OFS Credit.

Emerging players

• Stellus Capital Investment Corp. Stellus Capital (NYSE: SCM) is a smaller externally managed BDC focused on direct lending to middle-market companies. It serves as a yield-oriented alternative for investors considering OFS Credit.

Regional players

• Gabelli Income Fund: Various Gabelli closed-end funds invest in CLO and structured credit securities as part of broader credit mandates. While not CLO-pure-play, they attract similar income-oriented closed-end fund investors.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ofs Credit Company