Private Credit Portfolio Analysis | Kayne DL 2021 Reports Q1 2025 Results
- Editor
- May 12
- 2 min read
Whats New:
Kayne DL 2021, Inc. reported its Q1 2025 financial results, showing growth in assets and investments compared to the previous quarter. The fund's total assets increased to $308.98 million as of March 31, 2025, up from $280.43 million at the end of 2024. Long-term investments grew to $303.11 million from $261.83 million in the same period.
Portfolio Dynamics:
Total assets grew to $308.98 million as of March 31, 2025, compared to $280.43 million at the end of 2024.
Long-term investments increased to $303.11 million, up from $261.83 million at the end of 2024.
Cash and money market funds decreased to $3.45 million from $16.34 million at the end of 2024.
Investment Activity:
Interest receivable increased to $2.30 million from $2.07 million at the end of 2024.
Receivable for principal payments on investments decreased to $37,000 from $71,000 at the end of 2024.
Prepaid expenses and other assets decreased to $81,000 from $115,000 at the end of 2024.
Capital Structure:
Subscription credit facility increased to $2.50 million from $0 at the end of 2024.
Stockholders' equity grew to $298.17 million from $272.47 million at the end of 2024.
Additional paid-in capital increased to $294.31 million from $268.24 million at the end of 2024.
Performance Profile:
Net asset value per share decreased slightly to $52.52 as of March 31, 2025, compared to $52.59 at the end of 2024.
Retained earnings decreased to $3.86 million from $4.23 million at the end of 2024.
Distribution payable increased to $7.49 million from $7.20 million at the end of 2024.
Risk & Quality:
Unamortized subscription credit facility issuance costs increased to $14,000 from $12,000 at the end of 2024.
Management fee payable increased to $521,000 from $481,000 at the end of 2024.
Accrued liabilities and other liabilities rose to $305,000 from $284,000 at the end of 2024.
The Wrap:
Kayne DL 2021, Inc. demonstrated growth in Q1 2025, with significant increases in total assets and long-term investments. The fund's net asset value per share slightly decreased, while stockholders' equity and additional paid-in capital showed positive growth. The introduction of a subscription credit facility and increases in various liabilities suggest expanded operations and investment activities, albeit with potential increased financial obligations.
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