BCP Investment Corp $BCIC

What the company doesAI summary of filing

BCP Investment Corporation is an externally managed, closed-end business development company that originates, structures, and invests in secured term loans, bonds, notes, and mezzanine debt primarily in privately-held middle-market companies with earnings between $10 million and $50 million. The company generates investment income from its debt securities portfolio, which totaled $411.6 million at fair value as of December 31, 2025, spread across 34 industries and 108 entities with a weighted average annualized yield of approximately 12.9%. The company is externally managed by Sierra Crest Investment Management LLC, an affiliate of BC Partners, and operates as a regulated investment company under the Internal Revenue Code, distributing substantially all net ordinary taxable income to stockholders. As of December 31, 2025, the company's total investment portfolio stood at $501.0 million at fair value across revenue-generating debt investments. [10-K 2026-03-05]

Segments: Debt Securities Portfolio (senior secured and subordinated loans), CLO Fund Securities, Joint Ventures (KCAP Freedom 3 LLC, Great Lakes Funding II LLC)