Financial Highlights (Tables)

9 Months Ended

Sep. 30, 2025

The following are the financial highlights for the nine months ended September 30, 2025 and 2024 (in thousands, except share and per share data):


	Nine months ended September 30,
Class I:	2025			2024
Per Share Data:
Net asset value at beginning of period	$	14.60		$	14.75
Net investment income (1)		1.17			1.39
Net realized gains (losses) and unrealized appreciation (depreciation) (2)		(0.17	)		(0.29	)
Net increase (decrease) in net assets resulting from operations		15.60			15.85
Distributions declared (3)		(1.15	)		(0.85	)
Net asset value at end of period	$	14.45		$	15.00

Total return based on net asset value (4)		7.1	%		7.5	%
Shares outstanding, end of period		42,412,878			17,803,369
Weighted average shares outstanding		30,507,527			13,300,235

Ratio/Supplemental Data:
Net assets at end of period	$	612,688		$	267,118
Annualized ratio of net expenses to average net assets (5)		11.9	%		9.8	%
Annualized ratio of net expenses before voluntary waivers to average net assets (5)(6)		13.0	%		14.7	%
Annualized ratio of net investment income to average net assets (5)		10.4	%		12.1	%
Portfolio turnover rate (7)		3.3	%		0.0	%
Asset coverage ratio, end of period		183.5	%		171.8	%

Capital Commitments Data:
Capital commitments, end of period	$	944,260		$	768,488
Funded capital commitments, end of period	$	612,054		$	259,128
% of capital commitments funded		64.8	%		33.7	%

(1)

The per share data was derived by using the weighted average shares outstanding during the period.

(2)

The amount shown may not correspond with the aggregate amount for the period as it includes the effect of the timing of capital transactions.

(3)

The per share data for distributions was derived using the actual shares outstanding at the date of the relevant transaction (refer to Note 7).

(4)

Total return is calculated as the change in NAV per share during the period, plus distributions per share (assuming distributions are reinvested in accordance with the Company’s distribution reinvestment plan) divided by the beginning NAV per share.

(5)

Net expenses include interest expense and all other company operating expenses. Amounts are annualized with the exception of certain non-recurring income and expenses. Operating expenses may vary in the future based on the amount of capital raised and other unpredictable variables.

(6)

Voluntary waivers include expense support, management fees and incentive fees.

(7)

The turnover rate is derived by using the total sales of investments fully repaid divided by the average fair value of investments during the period. For the three and nine months ended September 30, 2025, three portfolio companies repaid their loans in full. For the three and nine months ended September 30, 2024, there were no portfolio companies that repaid loans in full.

There were no Class S or Class D shares outstanding for each of the periods presented.

Jefferies Credit Partners BDC Inc. 10-Q