Strong First Quarter Deployment
The first quarter of 2025 marked the strongest deployment since inception for KBDC, with $340 million in total commitments across 16 businesses, a 113% increase from the first quarter of 2024.
Record Dividends
Distributed a $0.40 per share regular dividend and a $0.10 per share special dividend, with an estimated spillover of net investment income of $0.22 per share.
High-Quality Portfolio Composition
KBDC's portfolio includes 116 portfolio companies with a fair market value of $2.2 billion and a weighted average yield of approximately 10.4%.
Low Non-Accrual Rate
Only 1.6% of total debt investments at fair value are non-accrual, represented by only four positions out of 116.
Strong Origination Pipeline
Closed or in the process of closing an additional $150 million in funding since March 31, 2025, indicating a strong start to the year.
Increased Debt Utilization
Increased credit facility borrowings and amended credit facilities to extend maturity dates, increase capacity, and decrease interest rates.