BCP Investment Corp. is a business development company specializing in investments in unitranche loans (including last out), first lien loans, second lien loans, subordinated debt, equity co-investment, mezzanine, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business. The fund primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sectors. The fund typically invests $1 million to $20 million in its portfolio companies. The fund provides senior secured term loans from $2 million to $20 million maturing in five to seven years; second lien term loans from $5 million to $15 million maturing in six to eight years; senior unsecured loans $5 million to $23 million maturing in six to eight years; mezzanine loans from $5 million to $15 million maturing in seven to ten years; and equity investments from $1 to $5 million. The fund targets the companies with EBITDA between $5 million and $25 million. While investing in debt securities, it invests in those middle market firms with EBITDA between $10 million and $50 million and/or total debt between $25 million and $150 million. The fund invests in minority, and majority or control equity positions alongside its private equity sponsor partners.
BCP Investment Corporation Announces Second Quarter 2026 Financial Results
BCP Investment Corporation reported second quarter net investment income of $5.5 million, or $0.45 per share, down from $0.55 per share in the prior quarter, with net asset value decreasing to $14.49 per share driven primarily by software sector markdowns.
The company strengthened its balance sheet by amending its KeyBank Credit Facility, doubling committed capacity to $150 million, reducing the borrowing spread by 30 basis points, and extending the maturity to 2031, while fully repaying its JPMorgan facility.
The Board declared monthly base distributions of $0.09 per share for October, November, and December 2026, maintaining the payout despite the lower earnings, as non-accrual investments improved to 5.7% of the portfolio at amortized cost.