BCP Investment Corporation

BCP Investment Corporation reported FY 2025 net investment income of $25.1M, driven by total investment income of $61.2M from interest ($45.8M), payment-in-kind ($10.5M), dividend ($4.3M), and fees ($494K). Net expenses were $36.0M, primarily from interest and amortization ($20.6M) and management fees ($6.6M). The company recorded net realized and unrealized losses on investments of -$13.3M, resulting in a net increase in net assets from operations of $11.5M. Total assets stood at $523.6M, with investments at fair value of $501.0M, while total liabilities were $314.5M, yielding net assets of $209.2M and a net asset value per share of $17. The company generated $66.7M in operating cash flow but used $94.1M in financing activities, primarily for debt repayments and distributions. Key developments include the LRFC acquisition and a name change to BCP Investment Corporation.

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