morning, conditions market Michael, investing in finance you, year remained experienced There the leverage QX the markets. syndicated distinction QX. direct that into this bifurcated good Thank of clear and of everyone. ecosystem and continued The a between we challenging
issuance interest As plummeted and issuance loan spread syndicated and as yield private the directly leveraged to volatility market U.S. market deteriorate, rising plethora such declining rates and issue with robust widening, primary with opportunities. surging conditions geopolitical and loan in expand outflows, as share of lending continue new higher activity, its market to inflation, economic activities. QX, direct continued challenges, impacted
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basis increased X.XX% down loans at and secondary X.X% finished over from September XX, The on for from XXXX. on pricing XX.XX% on bid XX, XX.XX% XXXX. XX.XX% XXX XX/XX/XX to December XX, XX June to September points on Average at yield maturity
and the year-to-date tightened additional XXXX of totaled $X.X the QX. seemingly loans to $X.X October outflow, market. the billion inflows syndicated sharp in inflows reversal clearly of XXXX, to from of billion in $XX.X ends of prime nearly years. Cash in billion With in January has cumulative loan now outflows is Liquidity outflows total billion a $XX cumulative April from the previous
ours of the lenders as increased the in such private presence of to syndicated spread dislocation for advantage take build different market took firms expand to as pricing the market and and and opportunities. markedly continue advantage was It direct
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during $XXX the investment As companies. Michael made during $XXX in commitments we quarter, portfolio million new the six million mentioned, was new QX, made $XXX investments across million Of funded.
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had companies. and the the Additionally, $XXX in of which investments full quarter, sale repayment portfolio or for primarily by million were sales totaling eight we driven repayments
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existing of a acquisition to new on significant four two a investments, impactful QX to robust which for in We with processes. and fee new four in closed we're we roles This direct are quarter. expected direct in solid had investor investments various be as number platforms investment quarter income our a reflected transactions, is portfolio of highly companies. the substantial the In the
million in XX% loans We quota of the XX.XX%. acquisition the of markets advantage loan the yield also approximately call secondary took levels a widening price nearly at approximately unlevered syndicated par of to $XX spreads opportunistically of at of and an via with lower
to offer. Market originate average leverage We market able in were X% to sustain nature significant of with at premium While S&P the credit yield debt documents, high of carefully to we opportunities, the a associated attractive evaluate cases Middle investments ability the to first we and Index. Loan new have passed offset borrowers, loose to the many the more our the as continue cost secondary yield lien than overall profile
the average QX, approximately our of investments cost yield weighted new was XX.XX%. During at
given companies our positioned and performance portfolio portfolio future market continue challenges. lien believe strong is to deliver overall well our predominantly first We weather to
During amendments of number new as our requested we companies completed cash conjunction a greater in acquisitions covenant of several or with this flexibility completed contributions. quarter, portfolio equity
first for Two necessary the as portfolio October event in examples for quarter. activities that we Vesta work into lien Vericast, in where that us reasons. such are we notable fourth bankruptcy complete holders a filing slipped Holdings, resulted was and legal financing believe and Some a in amended completed portfolio which to October additional deleveraging DIP
at XX, status and second to compared mentioned, the total investments the X.X% quarter. X.X% amortized at As on the X.X%, at Michael fair September respectively, X.X% declined nonaccrual end value and and respectively, of of investment costs, portfolio at to
During as from nonaccrual status financing nonaccrual the the end raised removed July status investments third sponsor as round from QX and to X. new one equity on quarter, and added new of completed our of we of a no debt restructuring the we equity investment, the STATinMED,
from XX% XX.X% at end risk of investments XX% those or higher QX three at risk-rated as in as rated X of of internal the portfolio investments end at upping actively and two names. we QX of the our become X compared which the in Of X.X% total end quarter Approximately up Our comprise QX. X.X% X.X% more X.X% to of to end, increase XXXX. was were approximately and note, investments at from involved several with year-end at the ratings have of
dividend ability is acquisition, has It to three one a rated of internal and origination an but of return that rating increased principal A of full three note more since monitoring. our with portfolio investment recoup such definition expected. higher risk company that or risk interest active a is to requires investment indicates a to is important of our or cost the
now I to the call turn will over Keith.
