Golub Capital BDC originated $247.0 million in new middle-market investment commitments during the three months ended December 31, 2022. Approximately 93% of the new middle-market investment commitments were one stop loans, 3% were senior secured loans and 4% were equity and other securities. Of the new middle-market investment commitments, $216.5 million funded at close.
Total investments at fair value are estimated to have increased by approximately 0.1%, or $5.6 million, during the three months ended December 31, 2022 after factoring in debt repayments, sales of securities, net fundings on revolvers and net change in unrealized gains (losses).
Golub Capital BDC ("GBDC") is an externally-managed, non-diversified closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. GBDC invests primarily in one stop and other senior secured loans to middle market companies that are often sponsored by private equity investors. GBDC's investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of the Golub Capital LLC group of companies ("Golub Capital").