The fund originated £422.1m of new loans in the year at a weighted average yield‑to‑maturity of 9.6%, while the share of senior secured loans rose to 63.5% (FY2025: 59.9%) and non‑performing loans fell to 0.3% of NAV (FY2025: 1.0%).
"The portfolio delivered another year of strong income generation and resilient credit performance," said Randall Sandstrom, Director and CEO/CIO, SIMCo.
SEQI said the new originations were funded by recycled proceeds from maturing and early‑repaid loans and that its £300m revolving credit facility was undrawn at the year end, consistent with a strategy of low structural leverage.
The company reported it maintained full dividend cover while targeting a portfolio yield of 9-10% and exceeding its target annual gross return of 7-8% for the period.
The portfolio ESG score improved to 66.12 (FY2025: 64.70) and SEQI plans to roll out a new sustainability scoring framework and a programme to market the company to a wider investor audience, with the Annual Report and Accounts to be published on its website shortly.
