EarningsAres Capital reported a strong quarter driven by solid credit, modest portfolio growth, and good liquidity.
NAV GrowthNAV/share increased 0.6% to a record $20.01, compared to $19.90 last quarter due to unrealized/realized gains and other factors.
Portfolio PerformanceNon-accruals modestly improved to 1.8% of the portfolio at cost, compared to 2.0% the prior quarter.