Private Credit Portfolio Analysis | Fidus Investment Corp Reports FY 2024 Results
- Editor
- Mar 6
- 2 min read
Whats New:
Fidus Investment Corp reported its fiscal year 2024 financial results, showing growth in total assets and investments at fair value. The fund's total assets increased to $1.16 billion as of December 31, 2024, up from $1.09 billion at the end of 2023. Net asset value per share slightly decreased to $19.33 at the end of 2024 from $19.37 at the end of 2023.
Portfolio Dynamics:
Total assets grew to $1.16 billion as of December 31, 2024, compared to $1.09 billion at the end of 2023.
Investments owned at fair value increased to $1.09 billion, up from $957.91 million at the end of 2023.
Cash and cash equivalents decreased to $57.16 million from $119.13 million at the end of 2023.
Investment Activty:
Interest receivable increased to $15.12 million from $11.97 million at the end of 2023.
Prepaid expenses and other assets decreased to $1.33 million from $1.90 million at the end of 2023.
Net realized gains on investments were $11.59 million for 2024, compared to $24.07 million in 2023.
Capital Structure:
Total liabilities increased to $508.45 million from $501.42 million at the end of 2023.
Stockholders' equity grew to $655.67 million from $589.47 million at the end of 2023.
The fund issued additional common stock, with the value increasing to $34 million from $31 million at the end of 2023.
Performance Profile:
Net asset value per share decreased slightly to $19.33 as of December 31, 2024, compared to $19.37 at the end of 2023.
Retained earnings increased to $88.47 million from $85.36 million at the end of 2023.
Additional paid-in capital grew to $567.16 million from $504.09 million at the end of 2023.
Risk & Quality:
Capital gains incentive fee payable due to affiliate decreased to $14.70 million from $17.51 million at the end of 2023.
Income incentive fees payable due to affiliate decreased slightly to $4.48 million from $4.57 million at the end of 2023.
Management fee payable increased to $4.81 million from $4.15 million at the end of 2023.
The Wrap:
Fidus Investment Corp demonstrated growth in fiscal year 2024, with increases in total assets, investments at fair value, and stockholders' equity. While the fund's net asset value per share slightly decreased, it maintained a strong capital position. The increase in interest receivable and management fees payable suggests higher investment activity, while the decrease in capital gains incentive fees may indicate a shift in investment performance or strategy.
Comments