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VSS Capital Partners (VSS), a private investment firm investing in the healthcare, education, and business services industries, has made a growth capitalinvestment in Lane Four Consulting (Lane Four), a consulting partner for companies using Salesforce to scale operations.
Nearly all of PennantPark Floating Rate Capital's loans are first-lien senior secured debt, which means they're first in line to be repaid in the unlikely event of bankruptcy. Around 31% of Ares Capital'sinvestments are equity stakes or fixed-rate loans. of the portfolio at cost, were on nonaccrual status. of the portfolio.
The Business Services Fund , led by Partners Brad Morehead , Rory Kenny , Matt Sweeney , and Mickey Jiang , invests in lower middle market companies with $5 million to $50 million of revenue and $1 million to $7 million of EBITDA.
By second highest expense is the administration of my fund to various types of professionalservices. A fund that returns three dollars for every dollar of capitalinvested would be a $2.4 And, if you really want to put things in perspective, I''m pretty sure this is more than my parents ever made combined.
All over America, companies starved for capital are willing to pay higher interest rates than you might imagine. The average yield on debt securities in Ares Capital's portfolio was 12.2% The folks who run Ares Capital'sinvestment committee have 30 years of experience on average and it shows. in the second quarter.
These businesses should, ideally, be churning out lots of free cash flow (what's left of cash flow after capitalinvestments) so they don't need to rely on banks to finance growth. a year earlier, giving the professionalservices company an annualized dividend of $5.16 Revenue inched up 0.8% year over year to $48.5
What you've started to see professionalized really only in the last decade is this desire for more professionalservices like we've seen in the apartment industry over the last 30 or 40 years and so while the company has grown pretty quickly and we keep getting better as an organization in providing these services.
Second, we remain confident in the capitalinvestments we have planned for the upcoming seasons and how those capital programs fit within our capital allocation priorities. When we talk about investing in revenue centers, that's all of the things once you get inside the park. I'm extremely excited about our future.
During the first quarter, upstream capitalinvestment of $568 million was below guidance due primarily to the deferral of some planned facility leasehold and exploration spend. The vast majority of which will be in the second quarter for professionalservices, departing Callon employees, and other closing costs.
Nonoperating results for the quarter included $108 million of net investment gains, driven primarily by gains linked to a minority investment and unhedged seed capitalinvestments. G&A expense was up 8% year over year, primarily due to the timing of technology spend last year and higher professionalservices expense.
We offer solutions ranging from expense management to commercial credit and working capital to help these businesses operate with improved efficiencies and capitalization, investing more in their business and having more time to execute and innovate rather than having them manage antiquated back-office applications.
Much of our cost of doing business is comprised of three areas: investments in the tribe, investments in brand building, and freight expense to get our products to our customers. Historically, our business model has been asset-light, which has typically required low levels of capitalinvestment roughly between 1% and 2% of sales.
Venture capitalinvestment manager Deepbridge Capital has appointed Andrew Aldridge, who joined the firm in 2014 as Head of Marketing and more recently served as Chief Marketing Officer, as its new Chief Operating Officer. He is also a board member of the Enterprise Investment Scheme Association (EISA).
million in adjusted free cash flow in 2024, slightly below our guidance of approximately $110 million, primarily due to increased capitalinvestments required by 2025's anticipated revenue growth. This service line growth was primarily attributable to new client revenue, which represented approximately 87% of growth this quarter.
Nonoperating results for the quarter included 113 million of net investment gains, driven primarily by noncash mark-to-market gains on our unhedged seed capitalinvestments and minority investments. Operating income of 1.9 billion and earnings per share of $10.36 were each up 12% year over year.
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