Private Credit Portfolio Analysis | LGAM Private Credit LLC Reports Q1 2025 Results
- Editor
- May 13
- 2 min read
Whats New:
LGAM Private Credit LLC 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 $287.31 million as of March 31, 2025, up from $253.68 million at the end of 2024. Long-term debt also rose to $126.60 million from $105.60 million in the same period.
Portfolio Dynamics:
Total assets grew to $287.31 million as of March 31, 2025, compared to $253.68 million at the end of 2024.
Investments owned at fair value increased to $267.93 million, up from $241.84 million at the end of 2024.
Cash and cash equivalents rose to $14.80 million from $7.48 million at the end of 2024.
Investment Activity:
Receivable from investment sales decreased slightly to $24,000 from $32,000 at the end of 2024.
Other assets increased significantly to $383,000 from $11,000 at the end of 2024.
Payable for investment purchases rose to $247,000 from $0 at the end of 2024.
Capital Structure:
Long-term debt increased to $126.60 million from $105.60 million at the end of 2024.
Stockholders' equity grew to $156.52 million from $144.13 million at the end of 2024.
The fund issued additional common stock, with the value increasing to $8 million from $7 million at the end of 2024.
Performance Profile:
Net asset value per share decreased slightly to $20.13 as of March 31, 2025, compared to $20.29 at the end of 2024.
Retained earnings decreased to $359,000 from $1,622,000 at the end of 2024.
Additional paid-in capital increased to $156.15 million from $142.50 million at the end of 2024.
Risk & Quality:
The fund reported an incentive fee payable for capital gains of $11,000, down from $103,000 at the end of 2024.
Management fee payable increased to $373,000 from $333,000 at the end of 2024.
Incentive fee payable for income decreased to $414,000 from $429,000 at the end of 2024.
The Wrap:
LGAM Private Credit LLC demonstrated growth in Q1 2025, with significant increases in total assets, investments at fair value, and long-term debt. However, the fund's net asset value per share slightly decreased, and retained earnings saw a notable reduction. The increase in additional paid-in capital and common stock value suggests continued investor interest, while changes in fee structures and payables indicate evolving operational dynamics.
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