Question · Q4 2025
Hailey Shah inquired if the elevated originations and repayments environment was leading to any shifts in the pipeline's deal mix, such as changes in sponsor versus non-sponsor deals, incumbent versus new borrowers, or loan-to-value ratios.
Answer
President and COO Tucker Greene stated that the composition of deal flow was not changing, although M&A activity was showing signs of picking up in industries outside of software.
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