few market on call: and joining. of Good thank positioning. topics Dan. and my on environment; conclude quarter results; you investment thoughts three first a I’ll our on our today’s remarks current all finally, will touch Thanks, for start the everyone, with focus activity overview for and morning, I an I’ll with current next, I’ll
with earnings. off Starting
new prior $X.XX of represented in generated net earnings increase as XXX%. dividend which XX% The pricing base coverage continued resulted in and to core We first portfolio of an versus benefit total the on higher quarter of rates QX, per and our strong income another from period attractive investment share quarter was investments.
is supplemental. total line base, $X.XX, a dividends our our $X.XX plus dividend consisting of first with of $X.XX, We which base in declared QX quarter of
prior from outpacing per primarily value detail net share, QX will our later, quarter As driven to by asset increased Tom earnings dividend. our $XX.XX our
and today lender environment. transactions. potential investment for sponsors continued activity markets, private credit Turning source now in us indicates terms to the those to shoots current be The with syndicated broadly sprouting even green available the yield pricing have to high recovery as to though, preferred LBO friendly. the turn Recent a majority of to deal continue financing
From increased volatility with a in but stress macro Federal Despite vents those limited. increases price continuing best persistent, the pass-through inflation Reserve’s perspective, initially effects consumer. knock-on to the were QX, remains to efforts, bank of the companies
last of As our note any seen to companies over for a in we book. to capital may able the have environment, weighed on XXXX portfolio, passing the is time attention we appropriately for inflationary QX inflation slower traditionally customers current formation. credit adapt pay to the our volatility on close a at been and general through The that market think our of long majority an a stability XX the and while have companies quarter deal months quality slow even beginning to to activity. difficult Broader cost run, activity led in of seasonally M&A quarter further the we’ve
highly In but despite on we as down, first-lien we were selective. the focused at backdrop, With originations disciplined line new deploying attractive highly and market, primarily the capital this broader yields. this, remain remained with
was the in new of than higher The fourth fundings yield the at these weighted quarter. transactions average cost
billion QX value. investments first attractive at newly had approximately We repayments. fair $X investments than in with more quarter Additionally, funded economics ended
I’d spend Lastly, minutes our on few to current a like positioning. portfolio
strategy our was leading While of quarter remained first this my business, the consistent.
backed sponsors primarily to U.S. making in by the investments companies on market. high We middle quality are focused
the million. firm our on to across first Supplementing that and capabilities us sourcing the the complementary $XX global of of network to at significant help broader within Carlyle we was capitalize quarter leveraged the our end EBITDA the risk. has strategies resources offer lending portfolio, core portfolio median our The core manage
Our portfolio and management. risk to prudent disciplined construction allows focused underwriting, on conservative us approach remain
remains XXX senior investments over diversified of highly investments single in over companies any and and exposure portfolio X%; is The XXX is loans. are comprised average more industries. portfolio than company Our less to of across than our XX in XX% secured
positioned very we environment. well So the current feel in
I’ll over CFO, Tom Hennigan. to now our call the hand
