Thanks, Michael.
pleased am an as I XXXX, rotating on back we we the take with FSK positive portfolio. results to and ROE steps investment continue for of Looking XX%, our produced
management as platform Credit of the the Looking establishment of accomplishments continued the growth in back take last annualized which than have on pride $XX amounts rate, KKR the of and of FS/KKR XX points. current which basis includes assets years Within have over the the team's an depreciation since new we billion. X Advisor, realized well under great both as FSK, we investments, less of has $XXX originated I unrealized billion and
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an mentioned, credit issuer negotiated significant directly to attractive be returns attractive total private and asset its exceptionally transactions, continues Michael class diversification. to As due
desire lenders. active they for increasing XXXX, an will, one As know markets the many credit a of for as there primary continue to debt will we sponsors result, structures their to expect syndicated if even the become more believe we which sponsors avenues is private during be
upper With XXXX end that in January with spreads said, spread the market middle to compression back we of are levels. the seeing
In to inputs economic lead a destocking elevated disruptions coming crisis due will the These quarters. to require lenders in addition, market Middle interest and East to and borrowers supply could slowdown still potentially during rates, chain the cautious remain inventory growth.
of a challenges portfolio our few of results, most terms fourth created In backdrop during for our macro recent the companies this quarter.
do these were Specifically, reimbursement reimbursement Medical meaningful affected Medicare on nonaccrual placed names quarter. pressures Miami have Beach Group additional And and to Rehab, higher continue during a exposure while on Reliant we discussed to be have wage issuers dependent both of fourth any two and calls, challenging prior the companies, we Medicare not environment. by
from projections. loss name we fourth the wage certain inflation, Services, business we prior customers maintenance showed another is discussed and labor-intensive facilities earnings the of on discussions. restructuring has resulted impact deterioration rates, higher an which in update Kellermeyer Additionally, material Bergensons company's received and quarter, the a earning KBS a in forward the interest in have late calls, of
The first resulted restructuring the on of which in being nonaccrual. the portion investment of step KBS was in placed fourth a completed our during quarter,
We the term. to near expect restructuring full occur the in
Our including restructurings. Brian achieved par towards discuss, these meaningful workout at will active principal for results, significant debt as time. some And names progress and team paydowns positive we have on has been
to activity. Turning investment
long-term new Approximately During the on to of KKR investments. new financings our fourth of $XXX companies quarter, were relationships. XX% existing add-on investments focused originated and million we portfolio
and equated sales our million new $XXX combined $XXX of repayments, venture, sales of joint investments, increase net a when factoring in to million. net Our to with portfolio
We our quality originations. are of the pleased with new
SOFR a fourth and X.Xx quarter, weighted equity XX% During leverage security with weighted XXX. average plus had all investments the $XXX approximately our through lending average a our of million, direct approximately a EBITDA coupon of contribution,
We we finance is with Montreal. a average which Secured portfolio investment this attractive worth noting XX%. to very Vehicle an $X our from purchased Funding also projected Bank opportunities Trust loans asset-based in asset-based of weighted see the of IRR approximately super-prime is approximately One continue RV billion quarter finance secured of that investments having
scale of the team, our attractive finance loan of portfolio the business Given we on to this terms. and the able experience high-quality acquire were asset-based
in macro portfolio was growth. The focused We with high-quality economic $XXX see and margins December suggests a large, remain as of million continued our portfolio the average on revenue XX, earnings strong uncertain of we cushions. equity continue significant backdrop While EBITDA company to and XXXX. companies environment weighted operating XXXX, borrowers
Additionally, of XXXX. April average X% year-over-year approximately weighted companies of growth in a invested reported across portfolio rate since EBITDA have companies in our which we
And I'll over to turn Brian with that, detail. call discuss the to our more in portfolio
