our KBDC's quarter pleased an overview of financial and recent the we're we results to I'm for the Ken. activity you, of provide XXXX. what second Thank in portfolio, seeing before investment discuss market
As of XXX investments. companies, individual of portfolio includes KBDC's billion XX, June portfolio fair funded representing value $X.XX
quarter, process June mix commitments with additional of in has million term in evidencing the We and strong of on closing final $XXX have billion. commitments XX, closed XXXX. X comprised million Since KBDC XXXX, volumes commitments for delayed loans of of approximately or continued revolvers unfunded excess in another another in weeks an total is origination of the draw $X a left $XXX unfunded
and of investments on a watch leverage excluding and The coverage portfolio, KBDC approximately instability the loan-to-value in high in the Investments to X.Xx in our XX%, rate was uncertainty. in list, handful structuring. through borrower constructed periods evidencing order a economic purposely loan average weighted manner environments portfolio in X.Xx our a interest or outperform defensive and interest to have of our of conservatism of of
We favorably material positive outlook, think for a us. particularly rate of these in virtually a to similar public statistics other BDCs these and credit elevated our all statistics factor scale compare portfolio to environment that an are
also investments the backed our private is of credit We equity built because only our XX% X.X% investments diversified XX% portfolio structured sponsors. of fair with have average portfolio, our position in of top invested the specific value, well are of portfolio. securities associated and where by our statistics with market investments also are overall middle XX of first size the represent Outside lien XX% portfolio a approximately of private
of all investments market middle private our financial Additionally, have covenants.
portion We the our we where think that the capital in supported risk and this market. way structure invest capital, of represents in by businesses to combination are that lowest maintenance the of covenants most attractive equity being private still committed have
mirrors portfolio vast environment debt XXX% with also our as is rate. majority interest floating the debt being floating funding where that our potential rate our the utilizes believe positioned rate borrowings in well. liabilities changes for investments We of the of This appropriately
represented nonaccrual, with date to fair well very positions. by only total performed X investments on X% has is at value debt portfolio Our only of which
we've in these conservative approximate quarters portfolio of investments. relative we with weighted we spreads to portfolio next our average approximately Lastly, that some the in syndicated invested as been competitors This XX% broadly of this such investments. achieved we upside has out securities, built on have believe few over lower rotate XX.X% spread an healthy our with of with yield still fair yields yield value
and U.S. As Ken growing by previously on economy. is our industries stable, portfolio a with end market the segments discussed, diversified of focus slower
of steady are distribution, care, services earnings largest with largest business/industrial see As only industries XX.X% the that our the health overemphasis, of the virtually portfolio. flows risk attractive At we can businesses you in of sustainability representing in stable, new presentation, targets our food and with because debt cash underwrite products, believe no segments are straightforward entrants. are types these of industries the of market that financing for operate to extremely more
enterprise with X and growth the well. to leverage Financing industries coverages allows lower the businesses stable, to as build interest values in XXx us portfolios range typical better with lower in
activity funded. during XX period, $XXX million which private across Turning commitments XXXX, for different of we to investment businesses of million was made middle our market total QX $XXX the
a We were market see funded million meaningful was the of XXXX, in private In activity during gross unfunded repayment $XX where commitments period, did to the partially combined our is repayments $XX X.X% of were funded This fundings addition, of totaling gross existing million. $XXX middle funded during activity of gross or of quarter, the representing amount investments. quarter of relative approximately a small million a which uptick million. second fundings $XX
of to across the syndicated X.XX. Investments the to originated million and sales ratio loan over of X quarter credit rotate borrowers year-end our XX% we slightly maintaining investments During inside $XX hold leverage new of broadly have our investments quarter syndicated secured, consistent of was such syndicated repayments. volume loan accretive portfolio experienced fundings enough target privately the portfolio XXXX first lien second to first while generated our expect and of that overall first million $XX during in By mix XXXX, $XXX and investments that are lien. still with million that We middle portfolio. quarter, broadly XX currently broadly end loans senior were at market to strategy these and the all out our were quarter or
nearly fair exhibit resiliency in believe That Now almost period it's market. in been to transact half comes of volumes turning substantially, substantial the the a when this middle after to market second half lower doubling XXXX, to pricing Since financing leading period, community XXXX. months moving lender-friendly of as think same for were equity increased. the private say total XXXX, environment it we've has continues activity X to to period lending to has first picture years. there in M&A I M&A been the That said, that uptick driver over somewhat last a of In terms in a operating to declines over X We volumes. over financings. substantial the significantly depressed the versus in the volumes has last changed M&A X picked macroeconomic have the up and activity
flow substantial from equity through and existing as both investments, a with Additionally, private we acquisition our financing sponsors. same supporting in the transaction change activity certain instances, control company different portfolio see of
to this X.X%. even Most mid-market, over in downward on core increase average relative XX today support that portfolio new XXXX. some increased existing market spreads, opportunities in investment that, during in than pressure to the much has direct with transactions solutions, compete basis slower where spread over been on we've amount middle the like the spread year substantially. as acutely more. helps more of have market XXX investments M&A has I below XX of new pressure approximately SOFR think there compression seen has ago, points of we spreads portfolio points activity largest though like of been the of has over are to or the less goes our it downward year, the a been Even KBDC's segments basis investments of We private spread broadly with Our an periods volume in SOFR felt without of lending financing mentioned, syndicated the has reviewing market a saying flow XXX
we see remains of Regardless, investments approximately on still view. new XX%, expected to particularly incredibly as our yields historical healthy, a longer-term compared which
that financial private quarter lower for product, case risk seasoned to to XXXX turn remains our believed Hart over all-weather I'll we second platforms structure, and Terry investment particularly always KBDC's have that We the and represents market it portions that, the credit of capital believe today. With results. an discuss
