particular, for market has observations theme over private a credit persistent I’d our believe the on that opportunity Josh. broader backdrop, by quarters. the towards We last few sharing Thanks, set the been is like crisis. in market and to shift greatest seen heightened light direct have the increased some in the The secular at unreliable remain business since we financial start economic sector as tightening uncertainty. development for least in in are and further credit the of public markets financial banks recent global share has lenders the history
business are financing private shift every certainty and nearly to coming flexibility build the positive provide. This result, of pipeline activity refinancing for capital with as M&A direct continue able to the and to quality the a robust but Broadly selective. market scale speaking, a and private is opportunity been to meaningfully credit LBL lenders generally improved due have and credit. the our while has we companies towards remaining As slowed, a that shift has given execution
$XXX active and during million X and with companies. fundings This We $XXX existing X to remain distributed and new quarter across portfolio totaling was respectively. million the commitments upside
realizations and activity, $XX portfolio resulting more in quarters. QX. have three had the We turnover a last refinancing in repayment of to totaling couple rates slowdown one the side, financing over traditional alternatives in less partial interest higher the lack On and million capital led of full investment market
Consequently, muted. remained fee activity-based income
Our management full and during software. TV of radio this payoff was a is our quarter traffic provider in investment WideOrbit, which
initial investment reminder, a our in COVID-driven made we XXXX July in the dislocation. As market of
Our this potential warrants. but ability allowed the of transaction for company structure also us time, upside refinancing, benefited in for the to play offense not during through with to need this including shareholders, ownership terms only favorable
million from the to received proceeds share company balance the our on and a Lumin the outstanding approximately X.Xx and of a outstanding In total credit MOM proceeds $X.XX in acquired included $X.X of and February, its facility in and our Group, blended generated the warrants, which holders. respectively. XX% was by warrant repayment on resulting of a gain investment of realized $X.X sale IRR per million or TSLX
across Street’s that deals transactions. investment scarcity private we substantial capital the But capital themes at in broadly, opportunity slower business More touch for uptick to middle-market, are levels sponsor of the to in a the our on getting the quarter, created remained QX. platform. active To an first in during size were activity for public given the activity done, upper due generally pool middle-market across Sixth
of With addition structure the theme One to transaction financing us investment in example of knowledge important $X base to software of our total the [indiscernible]. an in providing support relationship allowed and played space. the that billion, sponsor, Both role these lead our highlights the with Street capital underwriting in our process. this differentiators, a size and to given Sixth value was
In portfolio monitoring our management, addition to investments, portfolio new of including active health existing remain making very on focused companies. we the
EBITDA savings X% broader companies economic quarter-over-quarter variable implement immediate sustained remains more in high in revenue slowdown. fixed the environment, fair environment and portfolio an the obligations. flexibility our the services growth business of for cost XX% portfolio as with solid, favor by our more flows of Today, end. in of these operating respectively. line or rates companies cost challenging in those the Elevated by particular and and XX%, event and bookings quarter especially growth we performance top of of a of by provides interest created structure cost demonstrated see We has software durability value given inflation was characterized the sectors us to
withstand and of types As Josh portfolio. mentioned, operating of about good we have constructed portfolio to all we current environments overall our the health feel our
like a moment our I’d Bath update one on investments, Beyond. an provide to & existing take of Bed, to
of in X also possession period through Bath TSLX to losses, a TSLX, believe solicit Bath debtor is company funded voluntary voluntarily development related commitments of assets. we million positive by announced company But an million disclosed The limited continued of from to with rest for existing recoveries on provide optimizes to its million since contributing to-date the filing Beyond was lenders conducting dip, fundings, in some process that comprised $XXX interest previously financing $XX is to our time the general. for a XXXX. be new Bed, of of has April and implement aging of its lender the investment for on Chapter $XX our rollover be funded operations of sales in for liquidity filing XX nature a position a As this & all our to marketing while would XX, our process. creditors of that publicly it $X.X Instead of of announced Bed amongst would more the the and attempting one Beyond group. collateral shorter Sixth This investment. initial potentially fund & or September being Street funded which business in in bankruptcy orderly Including the million in it has down or wind
that sales there about impact was amount includes X value we we positively range to previously At above potential we initial in fair strategy make-whole incentive current was this right iconic for investment the moment, place. as during fees. $X.XXX is net rebound form. in happened. made the provide total upside which last the support felt and also in significant that share if overcome operating had When real the fair at QX our would the business seasons claim of same-store note It’s holiday investment, it put amounts, were to drop to earnings liquidity hasn’t losses our recovery an to and year’s per too brand turnaround value. continue to capitalized its a feel We could of of potential XX% in of in to confident our which Unfortunately, much
was in underwrite underwriting team. investing scenario we through TSLX desired each with case have the And these situations. not demonstrated our XX we retail Since in as competency over was And from liquidation in outcome, core XXXX, While liquidation ABL executed we approach. it the have a began in have we our case, transactions in mind. base before, we
work different taken and investments investors. no processes These one process. are to through we fluid with this X for to always have those of the XX maximize value continue our being bankruptcy diligently We
the Our over to XX take be time. We weeks. which more liquidation to the value underlying based have process on recoveries anticipate approximately view business, refined of the of will the XX will on assets ultimately we liquidation
we and Heading funding our the strong XXXX, about provides perspective, with a of as the position a Ian pipeline. a in in pickup are meaningful optimistic we beginning originations fact capital saw that The us discuss, environment. current advantage liquidity we March from competitive are will into rest in activity and in
portfolio generally activity, expect year. our of in repayment churn through course the we for the less As
idiosyncratic However, anticipate and drive opportunistic we will events payoffs. do
macroeconomic activity to selective. spots are pick but factors to repayment byproduct and largely our we continue a Deal flow at of play, remain
investments. excess We and activity compared quarter-over-quarter average quarter yield returns platform’s and this securities ability will in XXX a were funding XX.X% positive debt producing where weighted and on amortized a our our and exited opportunistically impact including to stock. on at are navigate yield deploy to XX.X% complexity ago. income a from upsizes portfolio. perspective, underwrite Yields repayment capital From was The average on up XX.X% to to allows amortized had to year weighted from yield basis about up at create new quarter XX.X% this points areas across investments, stock portfolio our us
Moving are credit average and across relevant, these on their and have detach respectively our X.Xx. coverage X.Xx the to we stats, on loans borrowers, points portfolio core attach X.Xx continue at interest of remained weighted and and to average composition conservative metrics stable our weighted
XXXX, QX was weighted our of core the of average and As respectively. revenue and $XX $XXX portfolio EBITDA million million, companies
Finally, be to a X.XX average X on strong continues being the to of performance rating of portfolio a of X rating our with the strongest. weighted scale one with
We continue have after of was seasons from the The recovering missing minimal relatively of notional portfolio quoted their weakening being industry. This value investment business at portfolio new companies to of quarter. to quarter than no placed added less their has our the competitive from prior be non-accruals reflects American difficulty value the in X.X% a at tranche and American continues with and on another increase only achievement COVID-impacted the on our prior during quarter. portfolio fair had position non-accrual company selling in achievement X status. that X.X non-accrual the in
With our performance detail. cover like financial more to that, to to Ian it over I’d turn in