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AI Executive Summary
AI-powered analysis of 10-Q filing content
Commonwealth Credit Partners BDC I shows declining portfolio performance in Q2 2026, with NAV per share falling from $895.75 to $877.09 and total distributable losses widening to $(59.5)M from $(47.8)M. Investment income and net investment income both declined year-over-year (~13.6% and ~9.5% respectively for the six-month period), while leverage increased via a larger credit facility draw. A steep, unexplained ~71% write-down in affiliated investments (fair value $5.9M vs. cost $20.5M) and a new $21M unsettled trade receivable are notable items requiring further scrutiny.
Red Flags Detected (9)
NAV per share declined 2.1% quarter-over-quarter ($895.75 to $877.09)
Accumulated deficit widened from $(47.8)M to $(59.5)M in six months
Affiliated investments fair value collapsed to $5.9M from $8.2M against amortized cost of $20.5M (~71% markdown), signaling severe credit deterioration in specific holdings
6 more red flags detected
Key Takeaways
NAV per share and net assets both declined during the quarter, reversing prior period gains
Affiliated investment holdings are experiencing significant fair value deterioration relative to cost
3 more takeaways
Filing Overview
What This Means
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Quarterly Report: Interim filing with unaudited financial data for the quarter.