Private Credit Portfolio Analysis | PIMCO Capital Solutions BDC Reports Q1 2025 Results
- Editor
- May 14
- 2 min read
Whats New:
PIMCO Capital Solutions BDC Corp. reported its Q1 2025 financial results, showing growth in assets and net asset value per share compared to the previous quarter. The fund's total assets increased to $259.91 million as of March 31, 2025, up from $237.76 million at the end of 2024. The net asset value per share rose to $8.83, compared to $8.71 at the end of the previous quarter.
Portfolio Dynamics:
Total assets grew to $259.91 million as of March 31, 2025, compared to $237.76 million at the end of 2024.
Investments at fair value increased to $248.14 million, up from $225.62 million at the end of 2024.
Cash and restricted cash rose to $7.16 million from $2.20 million at the end of 2024.
Investment Activty:
Receivable for paydowns and sales of investments decreased to $66,000 from $5.11 million at the end of 2024.
Interest receivable declined slightly to $2.58 million from $2.77 million at the end of 2024.
Derivative assets decreased to $3,000 from $43,000 at the end of 2024.
Capital Structure:
Long-term debt increased to $43.46 million from $28.18 million at the end of 2024.
Stockholders' equity grew to $203.87 million from $201.00 million at the end of 2024.
The fund maintained its common stock value at $23,000.
Performance Profile:
Net asset value per share increased to $8.83 as of March 31, 2025, compared to $8.71 at the end of 2024.
Retained earnings deficit decreased to $29.05 million from $31.93 million at the end of 2024.
Additional paid-in capital remained stable at $232.90 million.
Risk & Quality:
Derivative liabilities increased to $72,000 from $0 at the end of 2024.
Payable for investment purchases rose to $9.28 million from $5.41 million at the end of 2024.
Accrued legal fees increased to $398,000 from $326,000 at the end of 2024.
The Wrap:
PIMCO Capital Solutions BDC Corp. demonstrated growth in Q1 2025, with increases in total assets, investments at fair value, and net asset value per share. The fund's long-term debt also increased significantly, indicating expanded borrowing capacity. While some receivables decreased, the overall financial position improved, with a reduction in the retained earnings deficit. However, the rise in derivative liabilities and payables for investment purchases suggests increased investment activity and potential risk exposure.
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