Capital Southwest Reports Record New Commitments and Increased Net Asset Value in Q2 2027
Capital Southwest (CSWC) reported strong second-quarter 2027 results, highlighted by a record $391 million in new commitments. The company's total investment income rose to $67.2 million, up from $61 million in the previous quarter, driven by increased cash interest and fee income. Net Asset Value (NAV) per share grew slightly to $16.64, supported by accretive common stock issuances. The credit portfolio's fair value reached $2.2 billion, marking a 28% year-over-year increase. While non-accruals saw a slight uptick to 1.4%, the company demonstrated improved interest coverage at 3.5-fold and maintained high portfolio quality with 99% of debt held in first-lien senior secured positions. Management also announced a new $25 million joint venture with Trinity Capital focused on technology lending.
Topics: credit portfolio net asset value net investment income new commitments
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