OCSL - Oaktree Specialty Lending: Credit Issues Continue To Hold Back Performance
2024-05-10 10:49:58 ET
Summary
- Oaktree Specialty Lending Corporation had another disappointing quarter, but still managed a positive total NAV return.
- Oaktree Specialty Lending focuses on secured loans, with overweights in the software and healthcare sectors.
- The company reduced its base management fee and extended its merger-related fee waiver, potentially due to pressure from recent BDC IPOs and its own middling performance.
In this article, we catch up on the latest quarterly results of Oaktree Specialty Lending Corporation ( OCSL ). OCSL had another disappointing quarter , though it still eked out a positive total NAV return. Additional writedowns on existing non-accruals and the timing of new investments proved to be key headwinds to both NAV and net income....
Oaktree Specialty Lending: Credit Issues Continue To Hold Back Performance