Private Credit Portfolio Analysis | Silver Capital Holdings Reports Q1 2025 Results
- Editor
- May 13
- 2 min read
Whats New:
Silver Capital Holdings LLC reported its Q1 2025 financial results, showing a decrease in total assets but an increase in net asset value per share compared to the previous quarter. The fund's total assets decreased to $639.25 million as of March 31, 2025, down from $668.66 million at the end of 2024. However, the net asset value per share increased to $23.97, up from $23.49 at the end of the previous quarter.
Portfolio Dynamics:
Total assets decreased to $639.25 million as of March 31, 2025, compared to $668.66 million at the end of 2024.
Investments owned at fair value decreased to $512.21 million, down from $582.50 million at the end of 2024.
Cash and cash equivalents increased to $104.21 million from $79.25 million at the end of 2024.
Investment Activity:
The fund reported $14.99 million in money market funds, up from $288,000 at the end of 2024.
Dividend and interest receivable increased to $6.73 million from $5.71 million at the end of 2024.
Other assets increased to $267,000 from $87,000 at the end of 2024.
Capital Structure:
Long-term debt decreased to $268.13 million from $293.13 million at the end of 2024.
Total liabilities decreased to $282.48 million from $318.95 million at the end of 2024.
Members' equity increased to $356.77 million from $349.71 million at the end of 2024.
Performance Profile:
Net asset value per share increased to $23.97 as of March 31, 2025, compared to $23.49 at the end of 2024.
The fund reported a profit of $7.06 million for Q1 2025.
Retained earnings deficit decreased to $149.24 million from $156.30 million at the end of 2024.
Risk & Quality:
The fund reported realized investment losses of $14.29 million for Q1 2025.
Unrealized gains on investments were $10.29 million for Q1 2025.
Interest and other debt expenses payable increased to $4.53 million from $2.82 million at the end of 2024.
The Wrap:
Silver Capital Holdings LLC's Q1 2025 results show a mixed performance with a decrease in total assets but an improvement in net asset value per share. The fund reduced its long-term debt and overall liabilities while increasing its members' equity. Despite realized investment losses, the fund reported unrealized gains and an overall profit for the quarter. The increase in cash and cash equivalents, along with higher money market fund investments, suggests a more liquid position compared to the end of 2024.
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