Private Credit Portfolio Analysis | Monroe Capital Income Plus Corp Reports Q1 2025 Results
- Editor
- May 9
- 2 min read
Whats New:
Monroe Capital Income Plus Corp reported its Q1 2025 financial results, showing significant growth in total assets compared to the previous quarter. The fund's total assets increased to $4.83 billion as of March 31, 2025, up from $4.31 billion at the end of 2024. The net asset value per share slightly decreased to $10.33 from $10.37 at the end of the previous quarter.
Portfolio Dynamics:
Total assets grew to $4.83 billion as of March 31, 2025, compared to $4.31 billion at the end of 2024.
Investments owned at fair value increased to $4.52 billion, up from $4.01 billion at the end of 2024.
Cash and cash equivalents decreased slightly to $125.54 million from $129.63 million at the end of 2024.
Investment Activity:
Receivable for unsettled trades increased to $1.42 million from $0 at the end of 2024.
Derivative assets decreased to $754,000 from $1.50 million at the end of 2024.
Other assets increased to $2.03 million from $1.27 million at the end of 2024.
Capital Structure:
Long-term debt increased to $2.23 billion from $2.13 billion at the end of 2024.
Stockholders' equity grew to $2.44 billion from $2.06 billion at the end of 2024.
The fund issued additional common stock, with the value increasing to $236 million from $199 million at the end of 2024.
Performance Profile:
Net asset value per share decreased slightly to $10.33 as of March 31, 2025, compared to $10.37 at the end of 2024.
Retained earnings decreased to $31.30 million from $40.95 million at the end of 2024.
Additional paid-in capital increased to $2.41 billion from $2.02 billion at the end of 2024.
Risk & Quality:
Management fee payable increased to $14.08 million from $12.76 million at the end of 2024.
Incentive fee payable decreased to $7.59 million from $9.54 million at the end of 2024.
Accounts payable and accrued liabilities increased to $21.30 million from $19.98 million at the end of 2024.
The Wrap:
Monroe Capital Income Plus Corp demonstrated strong growth in Q1 2025, with significant increases in total assets and investments at fair value. However, the fund's net asset value per share slightly decreased. The increase in long-term debt and various fee payables suggests higher costs associated with the fund's expanded operations and investment activities. The fund's ability to issue additional common stock and increase its stockholders' equity indicates continued investor interest and capital inflow.
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