Hancock Park Corporate Income Reports Further NAV Decline To $6.63 Per Share
The latest valuation extends a downward trajectory for the middle-market business development company that began in 2024.
April 22, 2026
Hancock Park Corporate Income, Inc. disclosed that its board of directors determined the company’s net asset value per share stood at $6.63 as of April 21, 2026. The Maryland-incorporated business development company, headquartered in Chicago, made the disclosure through a current report submitted to the Securities and Exchange Commission.
The newly reported figure represents a continued decline from the company’s most recent year-end valuation. As of December 31, 2025, Hancock Park had reported a net asset value per share of $7.65, meaning the latest valuation reflects a decrease of roughly 13% in less than four months. The decline extends a longer-term downward trend, as the company’s NAV per share stood at $10.21 at the close of 2024.
About the Company
Hancock Park operates as an externally managed, non-diversified, closed-end investment company that has elected to be regulated as a business development company. Its investment activities are managed by OFS Capital Management, an affiliate that also serves as investment adviser to several other funds. The company focuses primarily on debt investments in middle-market companies based in the United States, supplemented by equity investments and positions in collateralized loan obligation securities.
The company qualifies as an emerging growth company under federal securities regulations and has elected not to use the extended transition period for complying with new or revised financial accounting standards.
Leadership and Structure
The report was signed by Bilal Rashid, the company’s chief executive officer, who also serves as chairman of the board and president. Rashid has led Hancock Park since 2014 and holds senior roles across the broader OFS organization.
Hancock Park’s shares are not listed on any national securities exchange, and the company has historically relied on a continuous private placement offering to raise capital. The company conducts quarterly tender offers allowing stockholders limited opportunities to sell shares back at prices tied to the most recently determined net asset value per share, which means the latest NAV figure will directly affect pricing for any near-term repurchase transactions.
Context of Decline
The continued decline in net asset value reflects ongoing challenges previously disclosed by the company, including portfolio losses, non-accrual loans, and reduced distributions. Hancock Park had cut its monthly distribution rate in late 2025 and further reduced it to $0.0167 per share for early 2026 payments.
