BCP Investment

Q2 FY2026 EarningsQ2 FY2026 results were mixed relative to consensus: Total Investment Income of $15.2M was in-line with the $15.2M expectation, while GAAP EPS of $0.45 beat the $0.41 consensus. However, Net Asset Value (NAV) per share declined significantly to $14.49 from $15.60 in the prior quarter, primarily due to unrealized markdowns in software-exposed investments. The company successfully optimized its capital structure by doubling its KeyBank credit facility to $150M and reducing borrowing spreads by 30 bps post-quarter end.