American Capital Senior Floating, Ltd., is a Maryland corporation incorporated on February 6, 2013. The Company is managed by and advised by American Capital ACSF Management, LLC, a registered investment adviser. The Company invests opportunistically in equity tranches of CLOs collateralized by Leveraged Loans and invests in debt tranches of CLOs collateralized by Leveraged Loans. Its objective is to provide investors attractive, risk-adjusted returns over the long-term through current income while seeking to preserve its capital. Its competitors include other BDCs, CLO investors, other credit focused investment funds, commercial and investment banks, commercial financing companies, insurance companies and, to the extent it provides an alternative form of financing, hedge funds.