Carlyle Secured Lending Reports Q3 2026 Results with Stable NAV and Increased Joint Venture Income
Carlyle Secured Lending (CGBD) reported third-quarter results for 2026, highlighted by a stable Net Asset Value (NAV) of $15.65 per share, a slight increase from the previous quarter. The company's GAAP and Adjusted Net Investment Income (NII) reached $0.36 per share, bolstered significantly by increased dividend income from its MMCF and SCP joint ventures. Despite facing lower market-wide direct lending volumes due to macroeconomic and geopolitical uncertainty, CGBD maintained active originations totaling $81 million. The company's portfolio remains defensively positioned with 96% senior secured concentration and nearly 100% floating rate exposure. While two new nonaccrual positions were added during the quarter, management emphasized a focus on established middle-market borrowers with a median EBITDA of $97 million.
Topics: asset management dividend announcement earnings report net investment income
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