Record New Business Commitments
The company experienced a robust volume of new business, tripling definitive commitments and doubling deployments compared to previous periods.
Significant Increase in Realizations and Cash Generation
Realizations were up significantly compared to the first quarters in the last two years, reaching $163 million. This indicates a strong cash generation capability.
Substantial Revenue Growth
Revenue increased significantly year over year, with a 5x increase in capital provision income compared to the first quarter of last year.
High IRR Achievement
A $100 million investment concluded with a 40% IRR despite a lower ROIC, demonstrating efficient capital recycling.
Successful Asset Management Income Growth
Asset management income rose to $14 million from $7 million year over year, with $7 million in realized cash.