begin everyone. I'll environment. hike with Thanks, has the prices tapering day rate Reserve's Federal tamp good Matt, down have The to our market XX year inflation to campaign with view highs. reached of consumer and its effect begun intended that interest
downward scale in this businesses on to demand, economy pressure start elevated the causing lead on recession to that inflation slow a higher putting are to expansion back However, loan to could and enough remains year. plans ways rates
the all hikes. recent Bank seizes further the along financial interest Republic Europe Silicon sale On in with Fed the of First that, emergency tighten failures top Credit could of and of Signature rate conditions, even Valley Suisse Bank, if
community to standards banks activity. economic regionally Fed which capital, important fact, already the monitor In weigh U.S. major are This data, to is tightened since on have providers lending and banks could because their of meaningfully failures. according
thus investors we well positioned. or are of system, past prudent volatility events failure a market material we banking severe available predicting a the quarter credit be continue suggest with will that While of the think capital the recession will and
types long from due to aren't problems those this credit benefit fallout potential to resulting and OCSL, catalyst (ph) such the gaps private of for private opportunities that can to transactions from of sufficient the Oaktree facing scale may fill inability result financing the for provide we lending as demand. lenders have scale diligence. possibly have funds lasting we will the all creates believe likely significant from bank's that growth Ultimately, and debt large believe that [lax] This meet
capital cycles. the have At a we shareholders. for continue across invest returns term our conviction and OCSL, term and long strong strong short needed experience all perspective, withstand with generate volatility to and to And market
greater consistently focus gives today, From structure terms favorable negotiate deploy we and provide shareholders. the successful with to scale our Our abilities merger our potentially economic impact customized and capital deals ability completion in relative to us we our returns confident issuers, on markets value environment. and to protection that the for advantage. a the invest withstand further sit on deteriorating multiple created where And coupled our allows us of timely downside of a with to it across the LSIX strong and generate are ability
of the quarter, well the turning $X.X was at Now our portfolio XXX XXX the At a overall to billion year diversified from March up close value fair earlier. with portfolio. companies, across
are prior to X.X was interest rates. due portfolio's XX leverage below performance middle March up larger slightly diversified businesses that XX downturns the in trailing the positioned times $XXX market market million as was relatively portfolio and to X.X from emphasize based approximately average portfolio our to coverage weather rising continue slightly Leverage in prior more from or $XXX million, overall We X.X Median in better turbulence. steady companies base quarter month times times, EBITDA on weighted levels. to of declined company quarter. The well at
Turning of and investment over the companies six were now three our portfolio $XXX to new quarter. million existing our commitments in activity, spread origination new
of Let's look a couple at representative examples.
fabricated sponsors. others. points to Rolls First, industry to companies extensive to and us SOFR strong flexible basis sponsors deal leading Two those XXX as a two was components components aerospace our allocated among sought companies a finance Whitcraft Royce, protections. a based suppliers solution Precision, aviation to assemblies the of top and such merge This to provide manufacturer, machined investment aerospace situation Oaktree $XXX Paradigm approach a together GE complex in million downside Connecticut. equity million create $XX to leading was serve this knowledge originated would OCSL price with of commitment to of the favorably low at plus merger and engine and which allowed the and private where
Oaktree million. of company market eye company Second, a $XX The million. million stage $XXX within current plus care commercial $XXX XXX SOFR its allocated by and capital its a energy cap to originated fund was Harrow seeking a Health, OCSL space. is approximately at commitment leveraging protection points covenants. call growth compounding ophthalmology This priced positioning with the unique to basis deal was lien first with
We provide warrants, received future gains. and could generate also capital upside which
robust we award. of remains range opportunities evaluating that as are Looking attractive our risk present believe a an pipeline we interesting ahead, investment
Turning to credit quality.
we to mentioned, during Matt non-accrual investments moved quarter. As the two
of of to for peak as has technology biological material invested capacity company strong, we for seen made into SiOX for made glut levels. and the back build an production pivot off packaging facilities the Science, non-COVID receded, and and the significant containment in COVID supply COVID company vaccines from investment that has global but is diagnostics. first, sciences molecular and an up new a in that The business The demand, the investment still needed that drugs advanced its to company reconfigure pandemic which the Materials
an tranches was its best loan operations end, normal of U.S. which approximately are collateral while approximately well the term its course the The We included facility given business. or $XX Oaktree expedited and [indiscernible] at that loan financing to our $XXX long state capital unique has first covered its SiOX right to of initial the we million and structure, total that believe on restructuring, packaging well junior size reorganization. the debt wide the par. investment million loan of quarter company provide success. term art their of the marked at $XX several million customers. lien addition believe based to OCSL's IP in the XX%% of debt for for is stability way continues a proprietary positioned which committed through variety to We company to in manufacturing term of technology, of appeal
investment developer an residential early in the included San event made in that a non-accrual market. Oaktree's condominium second to real The with group luxury in conjunction XXXX Francisco estate we
not initial last the we extend the rates Francisco for in units were on of and at has course was par. did building the modification technology XX% $XX years, two over the we material have significantly sold that February, loan sentiment loans we While the repayments the sales. as million our the or and by to is end We sponsor working it been the extension covered the on approximately sponsor. quarter OCSL's well terms at believe total investment a are property. on on the has San marked in industry of we about facilitate weighed put sell discussions to borrower and condo market status have and the of mortgage to the in recent non-accrual our pressured at sale received environment the as In we rise investment challenging
expect in well as within position broader OCSL coupled the Matt portfolio these we platform that and in not believe breadth specific credit half the resolve near situation issues strong experience fiscal of liquidity company summary, position term. noted, our In the again, and issues of we with Once to both instances, challenges indicate involve each across the XXXX. various Oaktree cycles the of our very for second do
call to turn more our Now, financial to the over detail. I results in discuss Chris will
