Chicago Atlantic BDC, Inc.

Chicago Atlantic BDC, Inc. is a business development company that provides secured and unsecured debt financing, equity warrants, and direct equity investments to privately held businesses, with a strategic focus on the cannabis industry and other sectors characterized by complexity and regulatory constraints. The company's portfolio primarily consists of first lien senior secured loans with three- to six-year terms at fixed or floating rates, along with senior secured notes and equity investments. The company generates revenue principally from interest income on debt investments, including payment-in-kind interest accrual, and fee income from loan structuring and other transactions, while relying on a senior secured credit facility to fund its lending activities and managing its investments through an external adviser that charges base management fees and performance-based incentive fees.