market Thanks, day, with everyone. good and Matt, I'll the comments on begin environment.
market modestly Although dollar surging and conditions such the inflation, U.S. expanded to macro as both strength job slowing and economies economy quarter, Federal global Challenges of high interest consumption, heading to and the markets into third in by in late dominated weigh endures raising the and rapidly on calendar The the threats market XXXX. and lurk careful XXXX U.S. have aggressive policy, XXXX. to the warrant actions attention. continue Reserve's domestic inflation a persistently story credit the rates monetary tightening as in tame
rate leveraged by to yields, rates reset most treasury impacted generate as have and short-term higher fixed are negatively rates rise. interest rising floating While loans that continue assets more income
a tame the higher in However, hinders to interest service When sword. double-edged some intended rates expenses become to clearly inflation, Company's problem. mind borrowers. debt, investors can Rising floating a quickly floating time. that Keep the problem interest lone while process rates are takes rate are the borrower struggles
slowing. when four decades costs economy elevated prospects the level are facing the of time are companies and global such, a at is in borrowing costs input at As highest the
balance a to in capacity risk eventually next loan we sheet we remain they two that companies many accrued of widen on the in are first levels key that for withstand XXXX, maturities the capital, companies of cost of how were is able have capitalize low, we through lead rates pandemic. it these years able could environments limited and have the these cracks in on the Oaktree, short-term through At many the succeeded to long-term The in are of types to to especially longer as those to have because more now While ample interest needed customers do likely the perspective industries. been have lived instability. fairly half is savings low elevated, that increases plan in high fundamentals is relatively default so. to many or cycles Having to pass how of on cyclical and likely this have smaller greater still the conviction cash Near-term during and volatility their continuing height and rise and all the of ways them. more
identify we compelling forward, team's new caution believe navigating to we unsteady of upon draw markets, but Moving is such to deals. necessary also investing opportunistic long history when our continue
risk-adjusted returns. in are and we growing our portfolio, maintaining the both, all noted, are excellent where With quality. focused sponsor on non-sponsor-backed mind, markets the prudently relative as across can find we best are investing selectively and investing credit We while that value Matt
markets We scope group Oaktree's to across are invest with utilizing diversified the and of full issuers. scale a of resources multiple
downside Oaktree's are We and provide are ability negotiate shareholders. strong capital our further on portfolio for protection. leveraging that to terms build Altogether, deals generate favorable customized and we carefully returns to structure our deploying private
billion portfolio turning emphasis XXX end quarter, of our up XX% value portfolio in of representing the our XX%, secured fourth companies, was of was lien portfolio. senior the with year invested fair capital diversified loans a the Now with the earlier. top at to the on At structure. from well the $X.X across loans, first XXX underscoring
with to conditions. industries credit that or was more of amounts in EBITDA X across software, solid modestly XX in these company lower below X in our approach portfolio operate market million, companies portfolio and the was majority growing investments portfolio experience leverage, contributes declined to to weighted market to current we in steady at our environment amounts the as new times reduces from existing up reflecting continue defensive the new been average defensive have Median investment interest Oaktree from more such performance, September were prior companies companies businesses of We quarter Portfolio's Overall, platform overall to leveraged base prior to continued originate inflationary Leverage navigating to that believe of well times, well target the cautious mature slightly terms life risk quality. relatively million the larger, consistently September leverage quarter. times as rates. diversified our our coverage tend despite X to have approximately and the in and due The challenging We in $XXX borrowers commitments of X.X of in of levels. our million very sciences portfolio. solid rising dollar $XXX X be quarter. XX noncyclical, which growing application $XX as new middle of industries and structurally
syndications discounts to We funds in loan Oaktree at also participated purchasing par. and accounts two other alongside attractive home
In October. Importantly, our new were secured. of of originated private in over $XXX with yield total, our senior new weighted in attractively deals We origination average activity year. XX.X%, these five fiscal in a priced were commitments and is steady the deals million early of investment month XXX%
us coupled momentum, the with of positions year our Continued resources and robust well ahead. the for deep liquidity Oaktree,
turn call to results will detail. over in Now, to I the financial discuss Chris more our
