Carlyle Secured Lending (NASDAQ:CGBD) reported lower first-quarter investment income and net asset value, while management said the business development company is seeing a more lender-friendly deal environment with wider spreads and stronger documentation in new originations.
On the company’s first-quarter 2026 earnings call, Chief Executive Officer Alex Chi said Carlyle Secured Lending funded $217 million of investments during the quarter. At the broader Carlyle direct lending platform level, the firm closed more than $1.2 billion of new and incremental commitments.
