Carlyle Secured Lending, Inc.CGBD
What Carlyle Secured Lending, Inc. does.
Carlyle Secured Lending, Inc., a Maryland corporation, is a specialty finance company that is a closed-end, externally managed, non-diversified management investment company. We have elected to be regulated as a BDC under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “Investment Company Act” or the “1940 Act”). For U.S. federal income tax purposes, we have elected to be treated as a RIC under Subchapter M of the Code. We were formed in February 2012, commenced investment operations in May 2013 and began trading on the Nasdaq Global Select Market, under the symbol “CGBD,” upon completion of our initial public offering in June 2017. Our principal executive offices are located at One Vanderbilt Avenue, Suite 3400, New York, New York 10017.
Our investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through assembling a portfolio of secured debt investments in U.S. middle market companies. Our core investment strategy focuses on lending to U.S. middle market companies, which we define as companies with approximately $25.0 million or greater of earnings before interest, taxes, depreciation and amortization (“EBITDA”), supported by financial sponsors. This core strategy is opportunistically supplemented with differentiated and complementary lending and investing strategies, which take advantage of the broad capabilities of Carlyle's Global Credit platform while offering risk-diversifying portfolio benefits. We seek to achieve our investment objective primarily through direct origination of secured debt instruments, including first lien senior secured loans (which may include stand-alone first lien loans, first lien/last out loans and “unitranche” loans) and second lien senior secured loans (collectively, “Middle Market Senior Loans”), with a minority of our assets invested in higher yielding investments (which may include unsecured debt, subordinated debt and investments in equities and structured products). The Middle Market Senior Loans are generally made to private U.S. middle market companies that are, in many cases, controlled by private equity firms.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net income | $6.8M | $160.4M | $85.6M | $92.3M | $89.0M | $70.0M |
More on CGBD.
- Carlyle Secured Lending, Inc. summary
- Carlyle Secured Lending, Inc. financial statements
- Carlyle Secured Lending, Inc. key metrics
- Carlyle Secured Lending, Inc. health scores and style box
- Carlyle Secured Lending, Inc. earnings
- Carlyle Secured Lending, Inc. dividends
- Carlyle Secured Lending, Inc. valuation
- Carlyle Secured Lending, Inc. ownership and insiders
- Carlyle Secured Lending, Inc. peers
Figures from Carlyle Secured Lending, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.