Strong Portfolio Growth
MFIC reported strong portfolio growth with net investment income (NII) per share of $0.37, resulting in an annualized return on equity (ROE) of 9.8%.
High Percentage of First Lien Loans
At the end of March, 99% of MFIC's direct origination portfolio was first lien, showcasing a strong credit quality.
Significant New Commitments
MFIC made $376 million of new commitments during the March quarter across 33 different companies.
Active Deal Sourcing
MidCap Financial closed approximately $6.5 billion of commitments during the March quarter, despite muted sponsor M&A activity.
Robust Investment Portfolio
MFIC's investment portfolio at the end of March had a fair value of $3.19 billion, invested across 240 companies in 49 different industries.