---
title: "Kayne Anderson BDC 10-K: $235.8M Investment Income, $1.67 NII Per Share"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277525697.md"
description: "Kayne Anderson BDC reported $235.8 million in total investment income for the year, with net investment income of $117.6 million, translating to $1.67 per share. The company experienced a net increase in net assets from operations of $93.7 million, despite a $22.2 million net unrealized loss. The portfolio expanded to 107 companies valued at $2.198 billion, focusing on first-lien loans for middle-market borrowers. The advisor utilized its private credit platform to enhance deal flow, deploying approximately $796 million into new investments during the year."
datetime: "2026-03-02T22:05:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277525697.md)
  - [en](https://longbridge.com/en/news/277525697.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277525697.md)
---

# Kayne Anderson BDC 10-K: $235.8M Investment Income, $1.67 NII Per Share

Kayne Anderson BDC reported $235.8 million of total investment income for the year, driven primarily by interest on debt investments and PIK accruals, and generated net investment income of $117.6 million (net investment income per common share of $1.67 basic and diluted). The company recorded a net increase in net assets from operations of $93.7 million, which included a $22.2 million net unrealized loss and minimal net realized losses. Portfolio growth and active deployment supported revenue momentum while the advisor leveraged its private credit platform to expand deal flow.

**Financial Highlights**

-   **Total investment income:** $235.8 million, primarily interest income on debt investments
-   **Net investment income (Operating Income):** $117.6 million
-   **Net increase in net assets resulting from operations:** $93.7 million (includes $22.2 million net unrealized loss)
-   **Net realized gains (losses) on investments:** $(0.1) million
-   **Net investment income per common share (Net Income Per Share):** $1.67 (basic and diluted)

**Business Highlights**

-   **Portfolio size and composition:** Expanded to 107 portfolio companies with $2.198 billion fair value; approximately 93% of the portfolio in first-lien loans focused on middle-market borrowers.
-   **Sourcing and platform scale:** Advisor leveraged the Kayne Anderson Private Credit platform (approximately $7.3 billion AUM) and broad origination channels to increase deal flow.
-   **Active portfolio management:** Ongoing monitoring with monthly and quarterly reviews and a watch list; five investments on non-accrual as of year-end.
-   **Capital deployment and strategy:** Deployed about $796 million during the year into new investments and rotated syndicated positions to align the portfolio with its private middle-market strategy.

Original SEC Filing: Kayne Anderson BDC, Inc. \[ KBDC \] - 10-K - Mar. 02, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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