Private Credit Portfolio Analysis | Kennedy Lewis Capital Co Reports Q1 2025 Results
- Editor
- May 14
- 2 min read
Whats New:
Kennedy Lewis Capital Co reported its Q1 2025 financial results, showing growth in total assets and investments at fair value compared to the previous quarter. The fund's total assets increased to $906.99 million as of March 31, 2025, up from $819.11 million at the end of 2024. Investments owned at fair value rose to $857.02 million from $756.52 million in the same period.
Portfolio Dynamics:
Total assets grew to $906.99 million as of March 31, 2025, compared to $819.11 million at the end of 2024.
Investments owned at fair value increased to $857.02 million, up from $756.52 million at the end of 2024.
Cash and cash equivalents decreased to $2.41 million from $13.44 million at the end of 2024.
Investment Activity:
Receivable for investments sold decreased to $11.06 million from $14.32 million at the end of 2024.
Payable for investments purchased increased significantly to $23.58 million from $5.53 million at the end of 2024.
Derivative assets decreased to $0 from $319,195 at the end of 2024, while derivative liabilities increased to $361,830 from $0.
Capital Structure:
Line of credit increased to $357.10 million from $342.69 million at the end of 2024.
Stockholders' equity grew to $514.83 million from $447.07 million at the end of 2024.
The fund issued additional common stock, with shares outstanding increasing to 25,657,726 from 22,106,186 at the end of 2024.
Performance Profile:
Net asset value per share decreased to $20.07 as of March 31, 2025, compared to $20.22 at the end of 2024.
Retained earnings turned to an accumulated deficit of $3.55 million from earnings of $2.91 million at the end of 2024.
Additional paid-in capital increased to $518.13 million from $443.93 million at the end of 2024.
Risk & Quality:
Income incentive fee payable increased to $1.68 million from $1.43 million at the end of 2024.
Management fee payable rose to $1.50 million from $1.32 million at the end of 2024.
Incentive fee payable decreased to $661,758 from $1.05 million at the end of 2024.
The Wrap:
Kennedy Lewis Capital Co demonstrated growth in Q1 2025, with significant increases in total assets, investments at fair value, and stockholders' equity. However, the fund experienced a decrease in net asset value per share and a shift from retained earnings to an accumulated deficit. The increase in line of credit and various fee payables suggests higher costs associated with the fund's expanded operations and investment activities.
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