Raleigh investment firm Triangle Capital reported a 25 percent gain in net investment income in the first quarter.
Net investment income totaled $15.2 million, or 56 cents per share.
Triangle Capital, which has an investment portfolio valued at $715.5 million, makes loans to midsize, privately owned businesses. It also takes a minority ownership stake in its portfolio companies.
In the first quarter it made six debt investments totaling $8.5 million and equity investments totaling $1.8 million. All those investments were to companies already in its portfolio.
Earlier this month Triangle Capital invested $7.6 million in a company that produces sewing products and seasonal decorations.
As of March 31, Triangle had $37 million in cash and a $165 million credit facility that it can tap into.
Triangle announced its first-quarter earnings earlier this week. On Friday its shares closed at $28.48, up 27 cents. Its shares have risen 12 percent this year.