Strong Asset Growth
Total assets increased by $90 million from the prior quarter, reaching $1.1 billion, driven by a new buyout investment and net appreciation of the investment portfolio.
Increased Total Investment Income
Total investment income rose to $25.3 million, up from $23.5 million in the prior quarter, primarily due to an additional $1 million of interest income.
Portfolio Valuation Increase
The overall portfolio valuation increased by $54.5 million, driven by net unrealized appreciation and the restructuring of the J.R. Hobbs investment.
Reduced Nonaccrual Investments
Reduced the number of portfolio companies on nonaccrual status from four to three, with nonaccrual investments now representing 3.9% of the total portfolio at cost and 1.7% at fair value.
Improved NAV
NAV increased to $13.53 per share from $12.99 per share at the end of the prior quarter.