Lafayette Square USA, Inc. 10-Q: Non-qualifying assets at 0.9%
| Field | Detail |
|---|---|
| Company | Lafayette Square USA, Inc. |
| Form Type | 10-Q |
| Filed Date | May 8, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, BDC, portfolio, regulation
TL;DR
**Lafayette Square USA, Inc. 10-Q:** Non-qualifying assets are only 0.9% of the portfolio, well within BDC rules.
AI Summary
Lafayette Square USA, Inc. filed its 10-Q for the period ending March 31, 2025. The filing indicates that as of December 31, 2024, non-qualifying assets represented 0.9% of the company's portfolio, which is below the 70% threshold required for a Business Development Company (BDC) under the Investment Company Act of 1940. All investments are in U.S. dollars unless otherwise stated, and most are considered Level 3 investments due to significant unobservable inputs.
Why It Matters
This filing provides insight into Lafayette Square USA, Inc.'s investment portfolio composition, specifically highlighting its compliance with BDC regulations regarding qualifying assets.
Risk Assessment
Risk Level: low — The filing indicates the company is in compliance with regulatory requirements regarding its investment portfolio.
Key Numbers
- 0.9% — Non-qualifying Assets (As of December 31, 2024, this is well below the 70% threshold for BDCs.)
- 70% — Qualifying Asset Threshold (Minimum percentage of total assets a BDC must invest in qualifying assets.)
Key Players & Entities
- Lafayette Square USA, Inc. (company) — Filer of the 10-Q
- March 31, 2025 (date) — End of reporting period
- December 31, 2024 (date) — Date for portfolio asset percentage
- 0.9% (dollar_amount) — Percentage of non-qualifying assets
- 70% (dollar_amount) — Minimum qualifying asset requirement for BDCs
- Investment Company Act of 1940 (company) — Regulation governing BDCs
FAQ
What is the reporting period for this 10-Q filing?
The reporting period is for the quarter ended March 31, 2025.
What percentage of Lafayette Square USA, Inc.'s portfolio consisted of non-qualifying assets as of December 31, 2024?
Non-qualifying assets represented 0.9% of the Company's portfolio at fair value as of December 31, 2024.
What is the regulatory requirement for qualifying assets for a BDC?
A BDC generally must invest at least 70% of its total assets in qualifying assets.
How are most of Lafayette Square USA, Inc.'s investments classified in terms of fair value measurement?
Unless otherwise indicated, all investments are considered Level 3 investments, determined using significant unobservable inputs.
In what currency are Lafayette Square USA, Inc.'s investments denominated?
All investments are denominated in U.S. dollars unless otherwise noted.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 8, 2025 regarding Lafayette Square USA, Inc..