The following is a summary of the SLR Investment Corp. (SLRC) Q2 2024 Earnings Call Transcript:

Financial Performance:

• SLR Investment Corp reported net investment income of $0.45 per share for Q2 2024, reflecting a 1% increase over the previous quarter.

• Net asset value (NAV) per share slightly rose to $18.20 from $18.19 in the previous quarter.

• Gross investment income was reported at $59 million, up from $58.1 million in the prior quarter.

Business Progress:

• SLRC achieved a net portfolio growth of $62 million through origins worth $356 million and repayments of $292 million.

• Significant portion of the portfolio, 87% of origins, was concentrated in asset-based, life sciences, and equipment finance verticals.

• The portfolio primarily consists of first lien senior secured loans, aiming to mitigate risk amid economic fluctuations.

Opportunities:

• The company anticipates benefiting from its asset-based lending in an economic downturn.

• Investments in non-cyclical industries within the sponsor finance vertical potentially offer stability and attractive risk-adjusted returns.

Risks:

• Current economic conditions, including higher interest rates and potential economic softening, could impact the portfolio's performance.

• Changes in private credit and sponsor finance markets could affect terms and pricing, presenting a challenge for traditional strategies.

More details: SLR Investment Corp IR

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