Added to YB: 2026-02-23
Pitch date: 2025-12-08
BCIC [bullish]
BCP Investment Corp.
-13.65%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$156.2M
Pitch Price
$13.26
Price Target
17.55 (+49%)
Dividend
15.91%
EV/EBITDA
N/A
P/E
7.28
EV/Sales
8.18
Sector
Capital Markets
Category
value
BCP Investment Corp. - $BCIC
BCIC: BDC at 25%+ discount to NAV ($17.55 vs $13.10), 14%+ yield + variable distributions. $9M Dutch auction w/ mgmt participation shows alignment. 80% senior secured, cash-flow lending limits fraud risk vs sector. Debt maturities extended to 2028/2030. Even w/ 6.5% portfolio writedown, NAV cushion intact. 30%+ IRR if rerates to NAV in 12mo. Risk: limited loan transparency.
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