MidCap Financial Investment (US:MFIC)2025-05-12 21:03Financial Performance - Net investment income for the quarter ended March 31, 2025, was $343 million, or $037 per share[9] - Net realized and change in unrealized gains (losses) on investments for the quarter ended March 31, 2025, were $(40) million, or $(005) per share[9] - Net asset value per share as of the end of the quarter was $1493, a decrease of 03% compared to December 31, 2024[9] Investment Activity - New investment commitments made during the quarter totaled $376 million across 36 companies for an average new commitment of $104 million[9] - Gross fundings for the quarter, excluding revolver fundings, totaled $357 million[9] - Net fundings, including revolvers, totaled $170 million for the quarter[9] - Repurchased 476,656 shares of common stock at a weighted average price per share of $1275, inclusive of commissions, for an aggregate cost of $61 million during the quarter[9] - Completed a $5296 million CLO transaction, MFIC Bethesda CLO 2 LLC, in February 2025[9] Portfolio Composition - The total investment portfolio was $319 billion, spread across 240 portfolio companies and 49 industries[10] - Direct Origination and Other investments represent 92% of the total portfolio[10] - Non-Accrual investments account for 09% of the total portfolio[10] - The direct origination portfolio has a weighted average yield of 107%[10]