SLR Investment Corp. Q4 2025 Earnings Call Summary

Management is deliberately reducing exposure to the 'overcrowded' sponsor finance market, citing an oversupply of capital and deteriorating underwriting standards among peers. The portfolio has reached a record 83% allocation to senior secured specialty finance, prioritizing asset-based lending (ABL) with liquid collateral and active borrowing base monitoring. The company maintains an intentional underweighting in the software sector (approximately 2% exposure) to avoid risks associated with technolog ...