Oaktree Specialty Lending: Credit Issues Continue To Hold Back Performance
Oaktree Specialty Lending (OCSL) Seeking Alpha·2024-05-10 22:49
Adam Gault In this article, we catch up on the latest quarterly results of Oaktree Specialty Lending Corporation (NASDAQ: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. OCSL is primarily focused on secured loans, with a low allocation to equity securities. Its sector overweights are software and healthcare - a fairly ...