00:00We're not halting redemptions, we're just changing the form, and if anything, we're accelerating redemptions.
00:05But to your question, we sold $1.4 billion across 128 names in the portfolio.
00:12It represented a cross-section of about half the book, generally consistent with all of our industry sectors,
00:19all the types of loans that we make, and we sold them at par, fair value, 99.7.
00:25I think most in the industry that follow this say the ability for us to sell that size at these
00:30prices is actually a validation of value.
00:34And people have been asking questions about marks, and here we are with significant third-party sales at par.
00:41Are you still making loans to software companies?
00:44We are being super selective.
00:46Obviously, we take into account things are shifting.
00:49We've always been selective.
00:50You really have to be sure a company has a moat, has a reason to exist.
00:55Yeah, you think they're going to have a hard time getting sort of, you know, challenge getting new capital,
00:59some of these companies, given the environment right now and some of the things that Jim just described?
01:03I think if it's a business that doesn't have a defensible case in the world of AI, they may struggle
01:08to get capital.
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