Private Credit Portfolio Analysis | Hancock Park Corporate Income Reports Q1 2025 Results
- Editor
- May 9
- 2 min read
Whats New:
Hancock Park Corporate Income reported its Q1 2025 financial results, showing a decrease in total assets and stockholders' equity compared to the previous quarter. The fund's total assets decreased to $36.50 million as of March 31, 2025, down from $38.78 million at the end of 2024.
Portfolio Dynamics:
Total assets decreased to $36.50 million as of March 31, 2025, compared to $38.78 million at the end of 2024.
Investments owned at fair value decreased to $35.83 million, down from $36.05 million at the end of 2024.
Cash and cash equivalents fell to $364,456 from $980,084 at the end of 2024.
Investment Activity:
Receivable from investment sales decreased significantly to $0 from $1.50 million at the end of 2024.
Interest receivable increased to $220,825 from $163,585 at the end of 2024.
Prepaid expenses and other assets slightly decreased to $81,862 from $84,137 at the end of 2024.
Capital Structure:
Long-term debt decreased to $19.14 million from $20.13 million at the end of 2024.
Stockholders' equity decreased to $15.93 million from $16.99 million at the end of 2024.
The fund reduced its line of credit to $4.27 million from $5.27 million at the end of 2024.
Performance Profile:
Net asset value per share decreased to $9.83 as of March 31, 2025, compared to $10.21 at the end of 2024.
Retained earnings deficit increased to $5.83 million from $5.21 million at the end of 2024.
Additional paid-in capital decreased to $21.76 million from $22.20 million at the end of 2024.
Risk & Quality:
The fund reported an increase in payable for common stock redeemed to $448,381 from $294,331 at the end of 2024.
Distribution payable increased to $296,898 from $140,785 at the end of 2024.
Interest payable decreased slightly to $78,879 from $81,861 at the end of 2024.
The Wrap:
Hancock Park Corporate Income experienced a decline in Q1 2025, with decreases in total assets, investments at fair value, and stockholders' equity. The fund's net asset value per share also decreased, reflecting challenging performance. However, the reduction in long-term debt and line of credit suggests efforts to manage the fund's liabilities amid the downturn.
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