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Mar 31, 2023
Bain Capital Specialty Finance Q1 2023 Earnings Report
Announced first quarter financial results, demonstrating strong investment income and net investment income coverage of dividend, leading to NAV growth.
Key Takeaways
Bain Capital Specialty Finance reported strong first quarter earnings driven by higher base rates and spreads across its portfolio. The company invested $308.0 million in 52 portfolio companies and had net investment income of $32.2 million, or $0.50 per share. The investment portfolio's fair value was $2,415.4 million, with a weighted average yield of 12.5%.
Invested $308.0 million in 52 portfolio companies.
Net investment income was $32.2 million, or $0.50 per share.
Investment portfolio fair value was $2,415.4 million.
Weighted average yield on the investment portfolio at fair value was 12.5%.
Bain Capital Specialty Finance
Bain Capital Specialty Finance
Forward Guidance
The document does not contain any forward guidance.