Private Credit Portfolio Analysis | Carlyle Credit Solutions Reports Q1 2025 Results
- Editor
- May 13
- 2 min read
Whats New:
Carlyle Credit Solutions, Inc. reported its Q1 2025 financial results, showing growth in total assets and long-term debt compared to the previous quarter. The fund's total assets increased to $2.18 billion as of March 31, 2025, up from $2.10 billion at the end of 2024. Long-term debt rose to $610.58 million from $506.66 million, while the net asset value per share decreased slightly to $19.23 from $19.43 at the end of the previous quarter.
Portfolio Dynamics:
Total assets grew to $2.18 billion as of March 31, 2025, compared to $2.10 billion at the end of 2024.
Investments owned at fair value increased to $2.00 billion, up from $1.95 billion at the end of 2024.
Cash and cash equivalents rose to $144.60 million from $108.45 million at the end of 2024.
Investment Activity:
Receivable from investment sales decreased to $797,000 from $2.14 million at the end of 2024.
Interest receivable increased to $22.61 million from $18.89 million at the end of 2024.
Derivative assets decreased to $0 from $3.77 million at the end of 2024.
Capital Structure:
Long-term debt increased to $610.58 million from $506.66 million at the end of 2024.
Stockholders' equity slightly decreased to $1.49 billion from $1.49 billion at the end of 2024.
The fund issued additional common stock, with the value increasing to $776,000 from $768,000 at the end of 2024.
Performance Profile:
Net asset value per share decreased to $19.23 as of March 31, 2025, compared to $19.43 at the end of 2024.
Retained earnings deficit increased to $73.33 million from $57.54 million at the end of 2024.
Additional paid-in capital increased to $1.56 billion from $1.55 billion at the end of 2024.
Risk & Quality:
The fund reported derivative liabilities of $2.87 million, up from $0 at the end of 2024.
Management fee payable and incentive fee payable decreased slightly to $8.65 million from $8.74 million at the end of 2024.
Other accrued liabilities decreased to $2.59 million from $3.18 million at the end of 2024.
The Wrap:
Carlyle Credit Solutions demonstrated growth in Q1 2025, with increases in total assets, investments at fair value, and long-term debt. However, the fund's net asset value per share slightly decreased, and retained earnings deficit increased. The changes in derivative positions and liabilities suggest potential shifts in the fund's risk management strategies. Overall, the fund shows a mixed performance with growth in assets but some challenges in maintaining equity value.
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