Q1 net asset value decreased 3c per share to $6.47, compared to $6.50 as of June 30. Michael C. Mauer, the Company’s CEO, said "Inflation, global market volatility, and recessionary forces continue to focus our team on the existing portfolio performance and the selection of new investments in this environment. It also continues to emphasize the strengths of direct lending; structural seniority, significant junior capital, security, and covenant protection. We continue to believe our portfolio is well positioned."
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Published first on TheFly