Except as otherwise specified in this Annual Report on Form 10-K (“Annual Report”), each of the “Company,” “Fund,” “we,” “us,” “our,” and “Firm” refers to Brightwood Capital Corporation I and the “Investment Adviser” refers to Brightwood Capital Advisors, LLC.
FORWARD-LOOKING STATEMENTS
Some of the statements within this Annual Report on Form 10-K (including those relating to current and future market conditions and trends in respect thereof) that are not historical facts are based on current expectations, estimates, projections, opinions and/or beliefs of the Brightwood Capital Corporation I (the “Company”), the Investment Adviser and/or its affiliates (collectively, “Brightwood”). These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about us, our current and prospective portfolio investments, our industry, our beliefs, and our assumptions. Words such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “target”, “will”, “would” or variations of these words and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained in this report involve risks and uncertainties.
Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be inaccurate. Important assumptions include our ability to originate new loans and investments, certain margins and levels of profitability and the availability of additional capital. In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in this report should not be regarded as a representation by us that our plans and objectives will be achieved. These risks and uncertainties include those described or identified in “Risk Factors” and elsewhere in this report. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this report. We do not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law. The safe harbor provisions of Section 21E of the Securities Exchange Act of 1934 (the “1934 Act”), which preclude civil liability for certain forward-looking statements, do not apply to forward looking statements in this report because we are an investment company.
The following factors are among those that may cause actual results to differ materially from the Company’s forward-looking statements:
| ● | the Company’s future operating results; |
| ● | possible disruptions in our operations or the economy generally, including disruptions from the impact of any public health crises, such as the Coronavirus (“COVID-19”) pandemic or similar pandemic; |
| ● | lack of sufficient investment opportunities; |
| ● | volatility of leveraged loan markets; |
| ● | risk of borrower default; |
| ● | the restricted nature of investment positions; |
| ● | the illiquid nature of our portfolio; |
| ● | interest rate volatility; |
| ● | the Company’s business prospects and the prospects of the Company’s prospective portfolio companies; |
| ● | the impact of increased competition; |
| ● | the Company’s contractual arrangements and relationships with third parties; |
| ● | the dependence of the Company’s future success on the general economy and its impact on the industries in which the Company invests; |