Here are 1-2 brief analogies to describe BCP Investment (BCIC):

• Like a Brazilian Brookfield Asset Management, but focused solely on hydroelectric power plants.
• An investment holding company, similar to a mini-Berkshire Hathaway, but specialized in owning stakes in Brazilian hydroelectric power generation assets.

• Portfolio Investment: The strategic deployment of its capital into a diversified portfolio of marketable securities, including equities and fixed-income instruments.
• Securities Trading: Active engagement in the buying and selling of financial instruments to capitalize on market opportunities and generate short-term gains.

The company symbol BCIC refers to Barita Investments Limited, a financial services company listed on the Jamaica Stock Exchange. While the prompt mentioned "BCP Investment," the provided symbol BCIC is consistently associated with Barita Investments Limited. We will proceed with information regarding Barita Investments Limited.

Barita Investments Limited primarily serves a diverse range of customers rather than a few major named customers. Its customer base can be broadly categorized as:

1. Retail Investors (Individuals): These customers include individuals seeking personal financial advice, wealth management services, brokerage accounts for trading securities (stocks, bonds), and access to various investment products such as unit trusts and mutual funds to grow and manage their personal wealth.
2. Corporate Clients: This category encompasses businesses (small, medium, and large enterprises) that utilize Barita's investment banking services. This includes corporate finance advisory (e.g., mergers & acquisitions), raising capital through equity or debt offerings, and treasury management solutions.
3. Institutional Investors: These are large organizations such as pension funds, insurance companies, endowments, and other investment funds that require specialized asset management, portfolio advisory, and brokerage services for their substantial investment portfolios.

Ted Goldthorpe, Chief Executive Officer, President and Director

Mr. Goldthorpe is a Managing Partner of BCP Credit and serves as Chairman of the board of directors and Chief Executive Officer of BCP Investment Corporation. He also holds similar positions for BC Partners Lending Corporation, a BDC affiliated with BC Partners. He launched BC Partners' credit business in 2017 after joining BC Partners LLP. Prior to that, he served as President of Apollo Investment Corporation and Chief Investment Officer of Apollo Investment Management, where he led its U.S. Opportunistic Platform and oversaw the Private Origination business. He was also a member of Apollo's firm-wide Senior Management Committee. Before his time at Apollo, Mr. Goldthorpe spent 13 years at Goldman Sachs, where he most recently managed the bank loan distressed investing desk and previously headed Principal Capital Investing for the Special Situations Group. His extensive career at BC Partners and Apollo Global Management demonstrates a pattern of managing companies backed by private equity firms.

Brandon Satoren, Chief Financial Officer, Secretary, and Treasurer

Mr. Satoren serves as Chief Financial Officer, Secretary, and Treasurer of BCP Investment Corporation and holds similar roles for BC Partners' public interval funds. He joined BCP Credit in May 2021, having previously spent two years at PennantPark as a Vice President and Controller on their Finance & Operations team. Before PennantPark, Mr. Satoren worked at AQR Capital Management, LLC, and spent nearly nine years at PricewaterhouseCoopers LLP in their Asset Management Assurance practice, including two tours in their National Office. His roles with BC Partners and PennantPark indicate a pattern of working with firms involved with private equity-backed companies.

Patrick Schafer, Chief Investment Officer and Director

Mr. Schafer is a Partner at BCP Credit and serves as Chief Investment Officer and Director of BCP Investment Corporation. He joined BCP Credit in May 2018. Prior to this, he spent seven years at Apollo Global Management in the Opportunistic Credit group, where he was most recently a Managing Director in Direct Originations. Before his tenure at Apollo, he worked for three years at Deutsche Bank Securities in the Investment Banking Division. His experience at Apollo Global Management and BC Partners reflects a strong pattern of managing investments within firms associated with private equity.

David Held, Chief Compliance Officer

Mr. Held serves as the Chief Compliance Officer for BCP Investment Corporation.

The clear emerging threat for BCP Investment (BCIC) is the **increasing adoption and development of the tokenization of real-world assets (RWA) and its potential to disrupt traditional alternative asset management structures.**

There is growing evidence of this trend as major financial institutions (e.g., BlackRock with its BUIDL fund, J.P. Morgan's Onyx, and Franklin Templeton's tokenized money market fund) are actively launching and exploring tokenized investment products across various asset classes, including credit, private equity, and real estate. This movement aims to leverage blockchain technology to offer fractional ownership, enhanced liquidity, and potentially lower transaction costs for previously illiquid alternative assets. If successful on a larger scale, this could challenge the traditional fund structures and fee models employed by asset managers like Brookfield, by enabling direct and more efficient access to underlying assets for a broader range of investors and potentially disintermediating conventional intermediaries.

BCP Investment (symbol: BCIC) is a business development company (BDC) that specializes in providing investments primarily through various debt instruments, such as unitranche loans, first lien loans, second lien loans, and subordinated debt, as well as equity co-investments in middle-market companies. These activities fall under the broader categories of private credit and private equity within the alternative investment funds market.

The addressable markets for BCP Investment's main products and services can be sized as follows:

• Global Alternative Investment Funds Market: This market was valued at approximately $12.8 trillion in 2023 and is projected to reach $25.8 trillion by 2032. Another forecast estimates the global alternatives industry to reach $29.2 trillion in assets under management (AUM) by 2029, from $16.8 trillion at the end of 2023. The market is anticipated to exceed $30 trillion in AUM by 2030.
• Global Private Equity Market: The global private equity market reached approximately $5.3 trillion in 2023 and is expected to reach $6 trillion by the end of 2024. Forecasts suggest this market will grow from $540.72 billion in 2024 to about $1,349.95 billion by 2034. Another projection indicates growth from $480.8 billion in 2024 to $778.15 billion in 2029. Preqin forecasts private equity AUM to exceed $12.0 trillion by 2029, doubling from $5.8 trillion at the end of 2023.
• North American Private Equity Market: This region represents the largest private equity market globally, with total assets under management of $3.4 trillion in 2023. North America is estimated to contribute 40% to the global private equity market's growth between 2024 and 2029.
• Global Private Debt Market (a component of Alternative Investments): Overall, private debt AUM is forecast to rise from US$1.5 trillion at the end of 2023 to US$2.6 trillion by 2029.

Here are 3-5 expected drivers of future revenue growth for BCP Investment (BCIC) over the next 2-3 years:

1. Expanded Scale and Diversified Investment Platform through Merger Synergies: The recently completed merger with Logan Ridge Finance Corporation in July 2025 significantly increased BCP Investment's scale and diversified its investment portfolio to 116 companies. The company expects to realize further benefits from this expanded scale and broader investment platform, which is anticipated to drive continued earnings growth and long-term value creation.
2. High Weighted Average Annualized Yield on Debt Investments: As of September 30, 2025, BCP Investment's debt securities portfolio had a weighted average annualized yield of approximately 13.8%. Maintaining a strong yield on its diversified debt investments will be a consistent driver of revenue.
3. Strategic Management of Debt Profile and Enhanced Financial Flexibility: BCP Investment has proactively managed its debt by issuing new notes with longer maturities and redeeming existing ones, aiming to extend its debt ladder and improve financial flexibility. This strategic capital management is expected to positively impact net investment income.
4. Focus on Maximizing Risk-Adjusted Returns: The company continues to be selective from a credit quality perspective and is focused on maximizing risk-adjusted returns for its shareholders. This disciplined approach to investment selection and portfolio management is crucial for sustainable revenue growth.

Share Repurchases

• BCP Investment Corporation repurchased 103,690 shares of its common stock for approximately $1.2 million between October 1, 2025, and November 4, 2025.
• The company announced a modified "Dutch Auction" tender offer to purchase up to $9.0 million of its common stock, expected to commence on or after November 10, 2025.
• As Portman Ridge Finance Corporation (PTMN), the company and its affiliates intended to acquire up to 20% of outstanding common shares over 24 months, particularly when the stock traded below 80% of net asset value (NAV).

Share Issuance

• In October 2025, BCP Investment Corporation issued $35.0 million of 7.50% notes due 2028 and $75.0 million of 7.75% notes due 2030 to extend and ladder its unsecured debt maturities.
• As part of the merger with Logan Ridge Finance Corporation (LRFC) completed on July 15, 2025, approximately 4.0 million shares of Portman Ridge Finance Corporation (now BCIC) common stock were issued to LRFC shareholders.

Inbound Investments

• BCP Investment Corporation's current form resulted from the merger of Portman Ridge Finance Corporation and Logan Ridge Finance Corporation, completed on July 15, 2025, creating a combined entity with total assets exceeding $600 million.

Outbound Investments

• As a business development company, BCP Investment Corporation primarily invests in performing, well-established middle-market businesses across various industries.
• During the three months ended September 30, 2025, the company invested approximately $63.1 million, with 97.9% in senior secured loans and 2.1% in equity investments.
• The fund typically invests between $1 million and $20 million in its portfolio companies, including senior secured term loans, second lien term loans, senior unsecured loans, mezzanine loans, and equity investments.