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Sep 30, 2024
Bain Capital Specialty Finance Q3 2024 Earnings Report
Announced financial results for the third quarter ended September 30, 2024.
Key Takeaways
Bain Capital Specialty Finance reported a strong quarter with high net investment income, net asset value growth, and healthy credit performance. Net investment income per share was $0.53, and net income per share was $0.51. The company invested $413.1 million in 83 portfolio companies.
Net investment income (NII) per share was $0.53, equating to an annualized NII yield on book value of 11.9%.
Net income per share was $0.51, equating to an annualized return on book value of 11.5%.
Net asset value per share as of September 30, 2024 was $17.76, as compared to $17.70 as of June 30, 2024.
Gross and net investment fundings were $413.1 million and $165.1 million, respectively; ending net debt-to-equity was 1.09x, as compared to 0.95x as of June 30, 2024.
Bain Capital Specialty Finance
Bain Capital Specialty Finance
Forward Guidance
The Company remains well-positioned to capitalize on attractive investment opportunities.