Thu, May 15, 7:52 PM (32 days ago)
### CCS IX Portfolio Holdings, LLC (Ticker: N/A) Q1 2025 Financial Summary **Financial Health and Performance:** - **Revenue:** $2.6 million in investment income, primarily from interest and paid-in-kind (PIK) interest. - **Profit Margins:** Net investment income of $2.0 million after $0.6 million in expenses. - **Cash Flow:** Positive cash flow from operations, with $248.7 million in cash and cash equivalents. - **Earnings Changes:** Net increase in net assets resulting from operations was $1.9 million. **Quarterly Performance Discussion:** - **Investment Activity:** Significant investment in unitranche first lien debt ($207.7 million) and equity ($7.6 million). - **Portfolio Performance:** Portfolio valued at $215.1 million, with a slight unrealized depreciation of $0.1 million. - **Expenses:** Management fees, professional fees, and other administrative expenses totaled $0.6 million. **Trends and Uncertainties:** - **Market Risks:** Exposure to valuation and interest rate risks due to investments in illiquid debt and equity securities. - **Economic Factors:** Potential impacts from economic downturns, tariffs, and geopolitical tensions. - **Future Operations:** Plans to continue investing in middle-market companies, leveraging Crescent Capital Group's expertise. **Impact on Future Operations:** - **Leverage:** Asset coverage ratio of 196%, indicating strong financial health. - **Capital Contributions:** $225 million in capital contributions from CCS IX Holdings, L.P. - **Debt Management:** $236.8 million in secured borrowings, with a weighted average interest rate of 4.48%. **Conclusion:** CCS IX Portfolio Holdings, LLC demonstrated strong financial performance in Q1 2025, with significant investment activity and positive cash flow. The company faces market and economic uncertainties but maintains a robust financial position with a high asset coverage ratio and strategic investments. Future operations will focus on leveraging Crescent Capital Group's expertise to continue investing in middle-market companies.