BDC Quick Recap: Oaktree Strategic Credit Fund
BDC Quick Recap: Oaktree Strategic Credit Fund as of December 31st, 2022
Oaktree Strategic Credit Fund filed its earnings Thursday and data was available in SOLVE’s BDC workstation within minutes. Here is a quick recap of the credit stats for Oaktree Strategic Credit Fund for the three-month period ended Dec. 31st, 2022.
Portfolio Stats
| FMV | $698.5M |
| # of Investments | 152 |
| Total unused commitments to extend financing | $76.5M |
| Portfolio Companies | 96 |
| Portfolio Composition | |
|---|---|
| First Lien | 80.10% |
| Second Lien | 6.20% |
| Equity and Other | 13.70% |
Source: SOLVE Fixed Income, Oaktree Strategic Credit Fund
New Investments Stats
| New Volume | $273.5M |
| Exits and Sales | $39.5M |
| Net New Volume | $234.0M |
Source: SOLVE Fixed Income, Oaktree Strategic Credit Fund
Portfolio Credit Quality
| Non-Accruals Cost | 0 |
| # of Non-Accruals | 0 |
| # of Portfolio at Cost | 0.00% |
| New Non-Accruals | N/A |
Source: SOLVE Fixed Income, Oaktree Strategic Credit Fund
Select New Originations
| Company | Investment Type | Industry | Cost | Maturity | Coupon |
|---|---|---|---|---|---|
| Superior Industries International Inc | First Lien Term Loan | Auto Parts & Equipment | $32.6M | 12/16/2028 | S+800 |
| Avalara Inc | First Lien Term Loan | Application Software | $18.6M | 10/19/2028 | S+725 |
| Salus Workers’ Compensation LLC | First Lien Term Loan | Other Diversified Financial Services | $16.4M | 10/7/2026 | S+1000 |
| Latam Airlines Group SA | First Lien Term Loan | Airlines | $12.1M | 11/3/2027 | S+950 |
Source: SOLVE Fixed Income, Oaktree Strategic Credit Fund
Exits & Sales
| Company | Investment Type | Industry | Net Proceeds | Maturity | Coupon |
|---|---|---|---|---|---|
| Peloton Interactive Inc | First Lien Term Loan | Leisure Products | $7.7M | 5/25/2027 | S+650 |
| Apex Group Treasury LLC | First Lien Term Loan | Other Diversified Financial Services | $5.6M | 7/27/2028 | S+500 |
| Delivery Hero FinCo LLC | First Lien Term Loan | Internet & Direct Marketing Retail | $4.9M | 8/12/2027 | S+575 |
Source: SOLVE Fixed Income, Oaktree Strategic Credit Fund
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About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
