Oaktree BDC Declares Monthly Net Asset Value Per Share
Oaktree Strategic Credit Fund, a newly launched non-traded business development company sponsored by an affiliate of Oaktree Capital Management, has declared its monthly net asset value per share for July 31, 2022.
Oaktree Strategic Credit Fund, a newly launched non-traded business development company sponsored by an affiliate of Oaktree Capital Management, has declared its monthly net asset value per share for July 31, 2022.
Class I and Class S shares were valued at $23.98 as of July 31, 2022, compared to $23.71 the previous month. Shares were initially priced at $25.00 each.
The BDC noted that the increase in NAV was due to unrealized appreciation, primarily as a result of price increases on liquid debt investments.
As of July 31, 2022, the fund’s aggregate NAV was $313.5 million, the fair value of its investment portfolio was $353.7 million, and it had $60 million of principal debt outstanding. Its debt-to-equity leverage ratio was approximately 0.19 times.
The compares to June 2022 when the fund’s aggregate NAV was $268 million, the fair value of its investment portfolio was $316.7 million, and it had $90 million of principal debt outstanding. As of June 30, 2022, its debt-to-equity leverage ratio was approximately 0.34 times.
Oaktree Strategic Credit Fund, which invests primarily in privately negotiated loans to U.S. companies, launched its $5 billion public offering in February 2022 and has raised approximately $320 million in its public and private offerings, as of July 2022. An affiliate of the BDC’s adviser purchased $100 million in Class I shares, according to SEC filings.
