Improved Nonaccruals
Nonaccruals improved to 3.5% of the portfolio at fair market value compared to 5.6% at the end of 2024.
Portfolio Gains from NEP Group
Realized a portfolio gain from NEP Group, with a successful recapitalization upgrading the investment from a second lien to a first lien term loan.
Increased Deal Flow
A 20% increase in the number of deals reviewed and a 40% increase in deals advanced to the screening stage compared to the previous quarter.
Strong Liquidity Position
Total liquidity at quarter end was approximately $528 million.
Portfolio Diversification
Invested $241 million in 31 new and existing portfolio companies, reducing average position size to $7.8 million from $11.7 million at the end of 2024.