Capital Southwest reported total investment income of $67.2 million for the second quarter 2027, exceeding expectations, while net investment income of $0.56 per share met analyst estimates. The company achieved its largest origination quarter to date, significantly expanding its portfolio while maintaining steady yields.
Key Highlights
- Record quarterly originations totaled $391.0 million, comprised of $327.1 million in 14 new portfolio companies and $63.9 million in add-on commitments.
- Net Asset Value (NAV) per share rose to $16.64 from $16.61 in the prior quarter, primarily driven by the issuance of common stock at a premium to NAV through the ATM program.
- Credit quality remained stable with non-accruals at 1.4% of the total portfolio fair value, though the company recorded $14.6 million in net depreciation within the credit portfolio.