PhenixFIN Corporation operates as a business development company (BDC), primarily focusing on private transactions that involve both debt and equity securities. The firm targets small and middle-market enterprises across North America. Its investment mandate covers a wide array of sectors, including but not limited to: business services; real estate; automotive; oil and gas; aerospace and defense; home furnishings and durable consumer goods; healthcare, education, and childcare; personal, food, and miscellaneous services; retail; diverse manufacturing; telecommunications; mining, steel, and metals; leisure and entertainment; chemicals and plastics; financial services; non-durable consumer goods manufacturing; food, beverage, and tobacco; packaging; specialized machinery; diversified services; restaurants and franchises; electronics; and cargo transport.