Added to YB: 2026-06-04
Pitch date: 2026-06-01
ICMB [bullish]
Investcorp Credit Management BDC, Inc.
-0.85%
current return
Author Info
Clark Street Value is a special sits/event-driven investor. Sign up for the newsletter.
Company Info
Investcorp Credit Management BDC, Inc. is a business development company specializing in loan, mezzanine, middle market, growth capital, acquisitions, market/product expansion, organic growth, refinancings and recapitalization investments.
Market Cap
$17.0M
Pitch Price
$1.18
Price Target
3.65 (+212%)
Dividend
N/A
EV/EBITDA
N/A
P/E
-0.86
EV/Sales
7.38
Sector
Capital Markets
Category
special_situation
Investcorp Credit Management BDC: Visiting the Private Credit Garbage Bin
ICMB: Distressed subscale BDC ($17MM cap) trading $1.20 vs $3.65 NAV. Forced affiliate refi killed standalone economics; board running strategic review w/ Houlihan Lokey. Mgr (Investcorp, 25% owner) waiving fees, no termination fee. Bulldog (4.1%) demands buy-in at NAV. NAV-for-NAV merger likely (~3x upside), but illiquid w/ upside-down balance sheet—if no quick deal, equity could be wiped out.
Read full article (2 min)