Stone Point Credit Income Fund

Stone Point Credit Income Fund, a BDC and RIC, reported strong inaugural FY 2025 results from January 22 to December 31, 2025. Total investment income reached $35.0M, driven by $34.4M interest from non-controlled/non-affiliated investments, $82K dividends, $390K cash interest, and $156K fees. Net investment income was $19.2M after $15.8M net expenses (including $13.8M interest/financing fees and $1.1M base management fees, offset by $2.7M expense support). Net increase in net assets from operations totaled $19.1M, with $330K realized gains and -$424K unrealized depreciation. Balance sheet showed $598.0M investments (99% fair value to par), $636.2M total assets, $356.0M liabilities (led by $340.6M credit facility), and $280.2M net assets at $25 NAV per share (11.2M shares outstanding). Operating cash flow was -$569.6M due to $671.2M net purchases, offset by $603.4M financing cash (including $276.6M share proceeds). Portfolio of 86 companies yielded 9.8% weighted average, 97.8% floating rate new commitments. No prior periods for comparison; performance reflects rapid ramp-up with 12.1% total return on NAV.

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