Hancock Park Corporate Income, Inc.
Hancock Park Corporate Income, Inc. filed its Q3 FY2026 10-Q. The company reported a net decrease in net assets from operations of $1.47M for the quarter and $4.64M for the nine months ended September 30, 2026. NAV per share declined to $4.41 from $7.65 at December 31, 2025, with total net assets of $6.50M versus $11.52M. The company is winding down pursuant to a Plan of Sale and Dissolution, with its offering terminated July 23, 2026.
- Net decrease in net assets from operations was $1.47M for Q3 and $4.64M for nine months ended September 30, 2026.
- NAV per share fell to $4.41 from $7.65 at December 31, 2025.
- Net realized loss on investments was $3.70M for Q3 and $4.23M for the nine-month period.
- Total investment income fell to $562,391 in Q3 from $1.11M in the prior-year quarter.
- The company is winding down under a Plan of Sale and Dissolution; offering terminated July 23, 2026.
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A BDC in liquidation saw its NAV nearly halve year-to-date, signaling meaningful value erosion for remaining shareholders during the wind-down.
This non-traded BDC is in wind-down mode, unlike actively deploying peers such as OFS Capital and OFS Credit, which continue to originate middle-market loans.
The company faces execution risk in completing its Plan of Sale and Dissolution, including realizing value from Level 3 assets with $3.86M in net unrealized depreciation on investments still held.