BCP Investment Corp

Listed Company

BCICCIK 0001372807NasdaqNon-AcceleratedDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$11.49M

Total Assets

$523.64M

Equity

$209.16M

Shares Out

12.39M

Op. Cash Flow

$66.65M

Business

BCP Investment Corp is an externally managed, non‑diversified closed‑end investment company that elects to be regulated as a business development company and is managed by an affiliate of BC Partners. It originates, structures and invests primarily in secured senior and subordinated term loans, mezzanine debt, bonds, distressed debt, equity interests, warrants and minority investments in collateralized loan obligation funds, and participates in joint ventures. Its key business components comprise a Debt Securities Portfolio, investments in CLO Fund Securities and joint ventures. The company targets U.S. middle‑market companies and sources opportunities through private equity sponsors, regional banks, financial advisers and other market intermediaries via private placements, co‑investments and direct lending channels.

Summary from filing dated 2025-03-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total interest income	46	47	58	54	65
Total payment-in-kind income	11	8	7	6	4
Total dividend income	4	7	9	9	9
Total fees and other income	494,000	775,000	2	1	2
Total investment income	61	62	76	70	80
Management fees	7	7	7	8	8
Performance-based incentive fees	3	5	7	6	7
Interest and amortization of debt issuance costs	21	21	25	18	14
Professional fees	2	2	2	3	4
Administrative services expense	2	2	2	3	3
Directors' expense	550,000	610,000	630,000	632,000	—
Other general and administrative expenses	1	2	2	2	3
Total expenses	36	38	47	41	38
Expense reimbursement	0	0	−5	—	—
Waiver of performance-based incentive fees	−188,000	0	0	—	—
Net expenses	36	38	42	41	38
NET INVESTMENT INCOME	25	24	35	—	—
Net realized gain (loss) on investments	−21	−31	−27	−31	−4
Net change in unrealized appreciation (depreciation) on derivatives	−40,000	220,000	0	2	−1
Net change in unrealized gain (loss) on investments	7	1	3	−18	−8
Tax (provision) benefit on realized and unrealized (gains) losses on investments	2	853,000	414,000	−786,000	1
Net realized and unrealized appreciation (depreciation) on investments, net of taxes	−13	−29	−23	−50	−14
Realized gains (losses) on extinguishment of debt	−362,000	−655,000	−400,000	—	−2
Net increase (decrease) in net assets resulting from operations	11	−6	11	−21	26
Net increase (decrease) in net assets per share resulting from operations - Basic (see Note 3)	1.04	−0.64	1.2	−2.18	3.05
Weighted average common stock outstanding - Basic (see Note 3)	11	9	10	10	9
Net increase (decrease) in net assets per share resulting from operations - Diluted (see Note 3)	1.04	−0.64	1.2	−2.18	3.05
Weighted average common stock outstanding - Diluted (see Note 3)	11	9	10	10	9
Net investment income - Basic	2.28	2.59	3.66	3	4.92
Net investment income - Diluted	2.27	2.59	3.66	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-09-30	FY 2025 2025-06-30	FY 2025 2025-03-31	FY 2024 2024-12-31
Total Investments at Fair Value	501	—	—	—	405
Cash and cash equivalents	4	—	—	—	18
Restricted cash	9	—	—	—	22
Interest receivable	6	—	—	—	6
Dividend receivable	845,000	—	—	—	1
Other assets	4	—	—	—	1
Total Assets	524	—	—	—	454
Credit Facility	107	—	—	—	158
Management and incentive fees payable	2	—	—	—	3
Accounts payable, accrued expenses and other liabilities	2	—	—	—	3
Accrued interest payable	4	—	—	—	4
Total Liabilities	314	—	—	—	275
COMMITMENTS AND CONTINGENCIES (NOTE 8)	—	—	—	—	—
Common stock, par value $0.01 per share, 20,000,000 common shares authorized; 14,003,016 issued, and 12,541,858 outstanding at December 31, 2025, and 9,960,785 issued, and 9,198,175 outstanding at December 31, 2024	125,000	—	—	—	92,000
Capital in excess of par value	811	—	—	—	714
Total distributable (loss) earnings	−602	—	—	—	−536
Total Net Assets	209	231	165	174	178
Total Liabilities and Net Assets	524	—	—	—	454
Net Asset Value Per Common Share	16.68	17.55	17.89	18.85	19.41

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net increase (decrease) in net assets resulting from operations	11	−6	11	−21	26
Net realized (gains) losses on investment transactions	21	31	27	31	4
Net change in unrealized (appreciation) depreciation from investments	−7	−1	−3	18	8
Tax provision (benefit) on realized and unrealized gains (losses) on investments	−2	−853,000	0	—	—
Purchases of investments	−52	−78	−48	−222	−297
Proceeds from sales and redemptions of investments	117	126	147	161	329
Net accretion of investments	−10	−5	−7	−11	−32
Amortization of debt issuance costs	2	1	1	1	1
Payment-in-kind interest income	−11	−8	−7	—	—
(Increase) decrease in receivable for unsettled trades	0	573,000	822,000	19	5
(Increase) decrease in interest receivable	2	−926,000	−1,000	686,000	—
(Increase) decrease in dividend receivable	631,000	167,000	−604,000	—	—
(Increase) decrease in other assets	−2	−678,000	183,000	528,000	−227,000
Increase (decrease) in payable for unsettled trades	−2	−520,000	−756,000	−4	5
Increase (decrease) in accrued interest payable	−766,000	−282,000	206,000	2	931,000
Increase (decrease) in management and incentive fees payable	−2	−1	610,000	−998,000	−703,000
Increase (decrease) in due to affiliates	−635,000	177,000	−442,000	−899,000	424,000
Increase (decrease) in accounts payable, accrued expenses and other liabilities	−6	−182,000	−362,000	−205,000	1
Net cash (used in) provided by operating activities	67	57	121	−33	61
Debt issuance costs	−1	−951,000	0	−836,000	−1
Offering costs	−318,000	0	0	—	−547,000
Repurchases of common stock	−9	−4	−4	−4	−2
Distributions to stockholders	−22	−25	−26	−24	−20
Repayment of 2018-2 Secured Notes	0	−126	−52	—	−88
Borrowings from Credit Facility	—	0	0	17	31
Net cash (used in) provided by financing activities	−94	−88	−82	−2	−76
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	−27	−32	38	−35	−15
Cash paid for interest during the period	20	20	24	15	12
Reinvestment of distributions	254,000	324,000	516,000	1	927,000
Issuance of common stock on our convertible debt	474,000	0	0	—	—

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