Private Credit Portfolio Analysis | Crescent Private Credit Income Corp Reports Q1 2025 Results
- Editor
- May 15
- 2 min read
Whats New:
Crescent Private Credit Income Corp reported its Q1 2025 financial results, showing significant growth in assets and long-term debt compared to the previous quarter. The fund's total assets increased to $411.6 million as of March 31, 2025, up from $311.8 million at the end of 2024. Long-term debt rose to $155.8 million from $110.6 million, while net asset value per share slightly decreased to $26.88 from $27.06 at the end of 2024.
Portfolio Dynamics:
Total assets grew to $411.6 million as of March 31, 2025, compared to $311.8 million at the end of 2024.
Investments owned at fair value increased to $308.0 million, up from $282.2 million at the end of 2024.
Cash and cash equivalents rose significantly to $86.4 million from $10.7 million at the end of 2024.
Investment Activity:
Receivable from investment sales increased to $4.2 million from $1.3 million at the end of 2024.
Interest receivable grew to $1.7 million from $1.4 million at the end of 2024.
Payments for purchase of securities operating activities were $72.5 million in Q1 2025.
Capital Structure:
Long-term debt increased to $155.8 million from $110.6 million at the end of 2024.
Stockholders' equity grew to $187.9 million from $180.7 million at the end of 2024.
The fund issued additional common stock, with the value increasing to $70,000 from $67,000 at the end of 2024.
Performance Profile:
Net asset value per share decreased slightly to $26.88 as of March 31, 2025, compared to $27.06 at the end of 2024.
Retained earnings decreased to $8.3 million from $9.6 million at the end of 2024.
Additional paid-in capital increased to $179.6 million from $171.1 million at the end of 2024.
Risk & Quality:
The fund reported a net change in unrealized appreciation/depreciation on investments and foreign currency translation of -$1.3 million in Q1 2025.
Management fee payable increased to $573,000 from $545,000 at the end of 2024.
Interest and other debt financing costs payable decreased to $1.8 million from $1.9 million at the end of 2024.
The Wrap:
Crescent Private Credit Income Corp demonstrated strong growth in Q1 2025, with significant increases in total assets and investments at fair value. The fund's long-term debt also rose substantially, indicating increased leverage. While stockholders' equity grew, the net asset value per share slightly decreased. The fund's cash position improved dramatically, potentially positioning it for future investment opportunities. However, the decrease in retained earnings and increase in unrealized depreciation suggest some challenges in the portfolio's performance during the quarter.
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