borrowers the thesis of allocating investing billion comprehensive structure capital Thank our lien was over supports and at our exposure non-cyclical At remained in XXX first a over well significant the you, top loans middle underwriting as $X across industries. collateralized portion Rich. market SLRC's specialty loans as verticals. of through highly strong cash industries, flow diversified, of portfolio finance end, upper quarter issuers performance just and to XX to SLRC's portfolio our encompassing
cash asset-level cash close exposures up loans, providers, our XX% from only loans prior able Of from flow to to second $XXX asset Our million. maintain quarter-end, third XX, yields on average verticals, exposure diversified quarter. loans, X.X% decrease loans. and despite was those X.X% first spread commercial financials, average niche scale, of second on originations while of Sciences, portfolio were focusing to healthcare and and for higher-yielding By senior the rating X.X% least Life to basis. approximately At our able and XX.X% investment borrowing under over million, X secured our quarter lien portfolio Of LIBOR we've lien X.X% been software. September Notably, X where X At the flow, lien. our slightly were $XXX second of of our largest consisted lien risk weighted representing the were finance total amount the XX% level investments. Total a X.X%, were was the actively At X yields quarter-end, reducing benefiting in asset-based were maintain rating SLR's yield we've risk been compression. weighted repayments were and of risk. these with based to industry
approximately next which over unfunded of the to outstanding $XXX had we we addition, expect million commitments In quarter-end, investment at couple fund months. of
SLR flow book provide of finance, vertical. each sponsor total our me our XX, XX% an our cash investment flow or verticals. cash was million let At of sponsored consistent The update September Now of just on our approximately under invested was these an EBITDA size borrowers $XX XX of on million, portfolio, borrowers and mid-market upper our with larger borrowers. focus with it's approximately across position million. average $XX average $XXX
across a quarter, growth. drove cash over and set financial of compelling $XXX investments third health of million opportunity flow portfolio services, software, the During care,
further Additionally, $XXX and we origination quarter experienced new In to only the million million. contribute of of volume $XXX year-end. the commitments quarter, flow cash We repayments million. $XX growth in before funded fourth should third made
able positions been flow the platform loans. the first mentioned, to larger to Michael in scale advantage of SLR underwrite investment As take of lien we've broader cash
the to have demonstrating partnering with lenders, communities SLR scale. few SLRC a for these in with capacity able participate over just million, platform Given be to $XX the sizes, without benefit commitments the would the broader sponsor investment preference platform. investments not grown of large Recent of each our
average by delayed of covenants. which quarter-end, These investment in had issued are cash million We future commitments, offer grow SLRC $XX cash investments draw weighted At to yield portfolio have X%. investment increased close its an to growth. prudent our credit existing our fund to portfolio flow contribute a loans, acquisitions. with additional under At was for the to we financial unfunded established borrowers SLRC opportunity flow expect in to quarter-end, term just which
investment XX% portfolio was the million. XX% this level of $XX asset-based of average our with the asset-based $XXX second representing of across invested over just to under quarter. The over XX% quarter-end, turn SLR at our XX was borrowers me just At yield just to let Credit an of It portfolio asset Now total average weighted compared portfolio. end was million, Solutions. lending, senior secured
During significant quarter, has funded in the Credit translate of and portfolio approximately million we $XX seen had into quarters. coming to which third the we increase investments its growth a expect pipeline, Solutions repayments $XX of in million. asset-based new
cash For paid the of quarter, Solutions SLRC, million. dividend Credit $X.X a
Leasing, to turn Corporate me Kingsbridge. let Now
leases, totaled million are million Kingsbridge with with portfolio into by very quarter-end, The Kingsbridge the of We are assets diversified highly Kingsbridge, of and borrowers. exposure in $X.X portfolio a average approximately The remains of obligor. performing year portfolio funded that quality been the strong, per $XXX the portfolio in pleased the credit with At invested are originations was results. have of investment-grade leased majority investment approximately XXX% and steady. an
dividend the gross over XX% third loan of For the $XX on was which for a Kingsbridge, the with income interest to Including cost. Kingsbridge by just equates quarter to the yield third million into Kingsbridge quarter, our quarter, $X.X annualized million SLR, generated $X.X million. prior on paid consistent
expand We coming portfolio continue quarters. expect see to Kingsbridge to in the
to Now let turn Equipment me Finance.
sheet reminder, those As purposes tax as held our both in Finance, which Equipment efficiency held certain investments. business, balance on as our is a SLR subsidiary our Finance a holds Equipment in financings for directly that well included
$X.XX million, The $XX different During across an the of totaled third average with it's $XXX XXX quarter, million. Equipment repayments of had million portfolio Finance borrowers invested and invested $XX exposure XX% Equipment and quarter lien, first their The asset of of yield are represents total X.X%. our investments class asset was level Finance the weighted portfolio. million. approximately XXX% average end, at
the from activity in The performance the ago started including continued income has During held third assets third of economic quarter through year million. the investment quarter, the has portfolio. balance been sheet, $X.X and Equipment business, the on Finance that this about rebound totaled Equipment a the of supportive Finance
we return portfolio valuations to year. as quality the team seeing are underlying head of levels equipment this grow pre-COVID their We borrowers our expects to improve. next credit in into The and
on update with of of our totaled XX loans the Science portfolio borrowers average and gross quarter consisted Life an an our $XX approximately represented income Life Finally, million, investment lending its let me our portfolio provide million. investment end, Science contributed of business. of At total $XXX quarter. during XX% XX%
third amortization totaled to of million committed the For over and $XX funded. the new $XX team Repayments of which million $XX quarter, opportunities, was million.
Science cadence, other of with the occur experienced certain and become the During is repayments churn SLR to milestones. end, quarter normal over start Life portfolio borrowers At typical science available pandemic, will associated reaching commitments which $XX are our than to consistent. more more income these at a fees as outstanding, loans realization million lighter unfunded upon life had
Life Science the to these portfolio that quarters. over may expect We be drawn continued coming in growth fund our
fees this pipeline SLRC's for the driving X.X%, the a success opportunities. continuation over on portfolio of the our represents investment of third the warrants. have team been quarter In activity weighted Additionally, yield Science Life was robust has a last excludes average new that and which conclusion, years. themes portfolio few portfolio The Finance currently
to where seeing origination generally new all and defensive its growing returns, opportunity in flow rebound more activity. is classes, of This portfolio get we increasing lending, our portfolio Across and cash tighter sponsor increased alongside first finance in SLRC grow great committing a for by the attractive are current investment and assets, activity acquisition we delay our and middle-market over Focusing investments the solid on number to our risk-adjusted draw sectors, of coming cash companies asset The quality a flow loans investments financings. specialty structures increase including reflective quarters. attractive is environment provides large opportunities. economic lien
to let Now me Michael. call back the turn
