Private Credit Portfolio Analysis | Commonwealth Credit Partners BDC I Reports Q1 2025 Results
- Editor
- May 12
- 2 min read
Whats New:
Commonwealth Credit Partners BDC I reported its Q1 2025 financial results, showing a slight decrease in total assets and net asset value per share compared to the previous quarter. The fund's total assets decreased to $647.69 million as of March 31, 2025, down from $657.98 million at the end of 2024. The net asset value per share also declined to $926.13 from $933.91 at the end of the previous quarter.
Portfolio Dynamics:
Total assets decreased to $647.69 million as of March 31, 2025, compared to $657.98 million at the end of 2024.
Investments owned at fair value decreased to $634.63 million, down from $644.21 million at the end of 2024.
Cash and cash equivalents decreased to $3.48 million from $5.33 million at the end of 2024.
Investment Activity:
Purchases of portfolio investments were $12.92 million during Q1 2025.
Sales, restructurings, or repayments of portfolio investments totaled $21.23 million in Q1 2025.
The fund reported $271,000 in realized investment gains for Q1 2025.
Capital Structure:
Line of credit (net) decreased to $102.89 million from $111.08 million at the end of 2024.
Total liabilities decreased to $106.20 million from $114.21 million at the end of 2024.
Stockholders' equity slightly decreased to $541.49 million from $543.77 million at the end of 2024.
Performance Profile:
Net asset value per share decreased to $926.13 as of March 31, 2025, compared to $933.91 at the end of 2024.
Net investment income for Q1 2025 was $13.75 million.
The fund reported a net realized gain of $271,000 and a net unrealized loss of $3.43 million on investments for Q1 2025.
Risk & Quality:
Management fee payable decreased to $1.59 million from $1.62 million at the end of 2024.
Incentive fee payable decreased to $397,000 from $406,000 at the end of 2024.
Accrued other general and administrative expenses increased to $732,000 from $468,000 at the end of 2024.
The Wrap:
Commonwealth Credit Partners BDC I's Q1 2025 results show a slight contraction in total assets and net asset value per share compared to the previous quarter. While the fund experienced some realized gains, it also faced unrealized losses on investments. The decrease in liabilities, particularly the line of credit, suggests a reduction in leverage. Despite these challenges, the fund maintained a substantial stockholders' equity and continued to generate investment income.
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