Comprehensive Investment Portfolio Composition as of September 30, 2020
(at fair value)
Cash Flow Senior Secured Loans
Asset-Based Senior Secured Loans / Crystal Financial(1)
Equipment Senior Secured Financings / NEF(2)
Life Science Senior Secured Loans
Total Senior Secured Loans
Equity and Equity-like Securities(3)
Total Comprehensive Investment Portfolio
Floating Rate Investments(4)
First Lien Senior Secured Loans
Second Lien Senior Secured Loans
(1) Includes Crystal’s full portfolio, including the Company’s pro rata ownership of Crystal’s SBIC, and asset-based loans and lender finance loans on the Company’s balance sheet and excludes the Company's equity investment in Crystal.
(2) Includes NEF’s full portfolio and NEF equipment financings on the Company’s balance sheet and excludes the Company's equity investment in NEF.
(3) Excludes Crystal and NEF, which distribute quarterly dividends to the Company.
(4) Floating rate investments calculated as a percent of the Company’s income-producing Comprehensive Investment Portfolio. The majority of fixed rate loans are associated with NEF and are short in duration with average hold periods of 2.5 years. Additionally, NEF seeks to match-fund its fixed rate assets with fixed rate liabilities.
(5) Represents the weighted average of each individual loan's yield to maturity based on fair market value at 9/30/2020.
(6) Represents the weighted average of each individual loan's current internal rate of return. asset yield for cash flow, asset-based and life science loans on balance sheet is based on a yield to maturity calculation based on fair value at September 30, 2020.
(7) Represents the weighted average of each individual loan's yield to maturity (excluding residual upside on tax leases). Loans held on the Company's balance sheet based on fair value and loans owned within NEF Holdings based on par
(8) Represents the weighted average of each individual loan's yield to maturity based on fair value at September 30, 2020 (excluding exit fees and warrants).