Carlyle Secured Lending: Strong Quarter With Stronger Future
Summary
- Carlyle Secured Lending has outperformed the BDC market by 12% on a YTD basis.
- The Q2 earnings report shows solid performance, high dividend coverage, and potential for portfolio growth despite a slight uptick in non-accruals and currently negative net investment volumes.
- The announced merger with Carlyle Secured Lending III is set to inject multiple synergic benefits, strengthening the financial prospects of CGBD even further.
- In this article, I dissect CGBD's Q2 2024 earnings report and provide more details on why I remain bullish on this BDC.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.