BCP Investment Corp BCIC
We are an externally managed, non-diversified closed-end investment company that has elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended (the "1940 Act"). Sierra Crest Investment Management LLC (the "Adviser") is an affiliate of BC Partners LLP ("BC Partners"). Subject to the overall supervision of the Board, the Adviser is responsible for managing our business and activities, including sourcing investment opportunities, conducting research, performing diligence on potential investments, structuring our investments, and monitoring our portfolio companies on an ongoing basis through a team of investment professionals.
We originate, structure, and invest in secured term loans, bonds or notes and mezzanine debt primarily in privately-held middle market companies but may also invest in other investments such as loans to publicly-traded companies, high-yield bonds, and distressed debt securities (collectively, the "Debt Securities Portfolio"). We also invest in debt and subordinated securities issued by collateralized loan obligation funds ("CLO Fund Securities"). In addition, from time to time we may invest in the equity securities of privately held middle market companies and may also receive warrants or options to purchase common stock in connection with our debt investments.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Net income | $11.5M | -$5.9M | $11.4M | -$21.0M | $26.0M | $31.6M | — | — |
| EPS, basic | 1.04 | -0.64 | 1.20 | -2.18 | 3.05 | 6.32 | -3.34 | -2.56 |
| EPS, diluted | 1.04 | -0.64 | 1.20 | -2.18 | 3.05 | 6.32 | — | — |
| Shares, diluted (wtd. avg.) | 11.1M | 9.3M | 9.5M | 9.6M | 8.5M | 5.0M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.7M | $17.5M | $26.9M | $33.1M | $68.3M | $82.9M | $5.1M | — |
| Total assets | $523.6M | $453.6M | $549.2M | $619.5M | $648.3M | — | — | — |
| Long-term debt | $306.9M | $265.1M | $322.4M | $373.3M | $347.2M | — | — | — |
| Total liabilities | $314.5M | $275.1M | $335.7M | $387.4M | $368.2M | — | — | — |
| Retained earnings | -$602.1M | -$535.9M | -$504.4M | -$504.8M | -$453.1M | — | — | — |
| Total equity | $164.7M | $196.4M | $213.5M | $232.1M | $280.1M | $216.3M | $152.2M | $158.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $66.7M | $56.6M | $120.9M | -$33.1M | $61.1M | $121.7M | — | — |
| Financing cash flow | -$94.1M | -$88.2M | -$82.5M | -$2.1M | -$75.7M | -$43.9M | — | — |
| Dividends paid | $21.6M | $25.3M | $25.6M | $23.6M | $19.6M | $10.5M | — | — |
| Buybacks | $9.3M | $3.8M | $4.4M | $3.8M | $1.8M | $863.0K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-093918.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Net income | — | — | $31.6M | $26.0M | -$21.0M | $11.4M | -$5.9M | $11.5M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.