Private Credit Portfolio Analysis | WTI Fund X Reports Q1 2025 Results
- Editor
- May 14
- 2 min read
Whats New:
WTI Fund X, Inc. reported its Q1 2025 financial results, showing growth in total assets and stockholders' equity compared to the previous quarter. The fund's total assets increased to $473.96 million as of March 31, 2025, up from $474.34 million at the end of 2024. Investments owned at fair value rose to $452.39 million from $440.13 million in the previous quarter.
Portfolio Dynamics:
Total assets slightly decreased to $473.96 million as of March 31, 2025, compared to $474.34 million at the end of 2024.
Investments owned at fair value increased to $452.39 million, up from $440.13 million at the end of 2024.
Cash and cash equivalents decreased to $13.99 million from $25.25 million at the end of 2024.
Investment Activity:
Payments for purchase of investments were $48.41 million in Q1 2025.
Proceeds from disposition of investments were $27.25 million in Q1 2025.
Interest income paid in kind was $5.63 million for Q1 2025.
Capital Structure:
Line of credit decreased to $227.50 million from $239.50 million at the end of 2024.
Stockholders' equity grew to $241.75 million from $230.35 million at the end of 2024.
Additional paid-in capital for common stock increased to $358.00 million from $336.00 million at the end of 2024.
Performance Profile:
Net income for Q1 2025 was $2.97 million, compared to $9.46 million in Q1 2024.
Unrealized loss on investments was $7.67 million for Q1 2025.
Distributable income loss increased to $35.83 million from $28.06 million at the end of 2024.
Risk & Quality:
Derivative liabilities increased to $181,633 from $81,459 at the end of 2024.
Unrealized loss on derivatives was $100,174 for Q1 2025.
Commitments and contingencies decreased to $72.75 million from $101.39 million at the end of 2024.
The Wrap:
WTI Fund X demonstrated mixed results in Q1 2025, with a slight decrease in total assets but growth in investments at fair value and stockholders' equity. The fund's net income decreased compared to the same quarter last year, and it faced unrealized losses on investments and derivatives. However, the fund reduced its line of credit and increased its additional paid-in capital, indicating ongoing capital management efforts.
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