Investor Presentaiton
Investment Activity
■New investment commitments for the quarter were $184 million, of which $165 million were funded and $19 million were unfunded.
■ New investment commitments were made across 10 new portfolio companies and 9 existing portfolio companies.
■ Fundings of previously unfunded commitments for the quarter were $8 million.
■ Sales and repayments totaled $110 million for the quarter primarily driven by the full sale or repayment of investments in 4 portfolio companies.
($ in millions)
Q2 2022
Q1 2022
Q4 2021
Q3 2021
Q2 2021
New investment commitments
$184
$155
$353
$179
$231
Funded
$165
$123
$339
$157
$220
Unfunded
$19
$32
$14
$22
$11
Fundings of previously unfunded commitments
$8
$15
$10
$8
$2
Repayments
($103)
($59)
($107)
($197)
($92)
Sales
($7)
($2)
($212)
($27)
($5)
Net funded investment activity
$63
$77
$30
($58)
$125
The discussion of the investment portfolio excludes short term investments. Unfunded commitments are generally subject to borrowers meeting certain criteria such as compliance with covenants and certain
operational metrics. These amounts may remain outstanding until the commitment period of an applicable loan expires, which may be shorter than the loan's maturity date.
CION
INVESTMENTS
18View entire presentation