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    Justin Marks • Lucid Capital Markets

    Justin Marks is an analyst at Lucid Capital Markets, specializing in equity research and financial analysis within the technology and consumer sectors. He covers a range of public companies tied to digital entertainment, fintech, and emerging consumer brands, consistently providing actionable insights to institutional clients. Marks began his career in investment research in the mid-2010s and joined Lucid Capital Markets in 2022 after prior analyst roles at boutique investment firms, where he developed expertise in both private and public market valuations. He holds FINRA Series 7 and Series 63 securities licenses and is recognized for his strong performance track record and client-focused approach.

    Justin Marks's questions to Portman Ridge Finance Corp (PTMN) leadership

    Justin Marks's questions to Portman Ridge Finance Corp (PTMN) leadership • Q4 2024

    Question

    Speaking for Eric Zwick, Justin Marks asked for details on the deal pipeline's mix of new versus add-on investments, inquired about how recent non-accrual resolutions were achieved, and asked about the outlook for resolving remaining non-accruals.

    Answer

    Executive Edward Goldthorpe described the deal pipeline as having slowed due to market volatility but noted the company's portfolio is insulated from many direct risks. Chief Investment Officer Patrick Schafer added a preference for add-on investments with existing portfolio companies due to better diligence and pricing. Schafer also detailed that non-accrual resolutions are complex, citing the year-long process for the Getronics Pomeroy transaction, and confirmed that similar work is ongoing for the remaining non-accrual assets.

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