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Golub Capital BDC, Inc. principally invests in senior secured, unitranche, mezzanine and second lien loans of middle-market companies that are, in most cases, sponsored by private equity investors.
We made good progress this last quarter toward our goal of shifting the asset mix with the portfolio, more toward unitranche second lien subdebt and equity investments, expect - look for me to talk more about that in future quarters.
I'm looking at the chart at the left, at the end of period assets, as David mentioned, the end of period investments at the end of December, unitranche second lien subordinated debt and equity investment product categories increased to 41% up from 34% for the prior quarter.
For the three months ended December 31, 2010, the Company originated $113.7 million in new investment commitments of which 40% were senior secured loans, 30% were unitranche loans, 17% were second lien loans, 10% were subordinated loans and 3% were equity securities.
The portfolio consisted of $226.8 million of senior secured loans, $98.1 million of unitranche loans, $26.3 million of second lien loans, $24.8 million of subordinated debt and $6.4 million of common equity investments.
"We also made progress toward our goal of shifting the asset mix of the portfolio to more unitranche, second lien and mezzanine investments."
a business development company, principally invests in senior secured, unitranche, mezzanine and second lien loans of middle-market companies that are, in most cases, sponsored by private equity investors.
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