Equus Total Return, Inc. is a closed-end management investment company that has elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940. The company's investment objective is to maximize total return for its stockholders through a combination of current income and capital appreciation. It achieves this by investing in debt and equity securities of privately-held U.S. companies and thinly-traded public companies, often taking an active role in the management of its portfolio companies. Historically, the company has focused on a variety of sectors, including energy, technology, and consumer goods.