BlackRock. Hamilton Lane. Apollo. Ondo. Circle.The institutional-grade asset ecosystem on Sei is accelerating.Markets Move Faster on Sei. ($/acc) ...

Ecosystem Growth - Sei ecosystem is gaining significant attention due to focused execution on making markets move faster [1] - Major launches from Circle, Backpack, Etherscan, deBridge, Chainlink data feeds have made the Sei UX frictionless [1] - Stablecoins have created a foundation for this growth [1] - RWAs & institutional traction signal a maturing ecosystem [1] Network Activity & Adoption - Sei is the 1 EVM chain by MAW, surpassing Base and BNB [2] - Over 1 million DAW and achieved an all-time high in daily transactions [2] - 100 thousand+ daily gaming transactions [2] - $1.53 billion DEX volume in July (ATH) [2] - $5.5 billion in daily stablecoin transaction volume, per artemis [2] - One of the fastest native USDC adoption curves in the industry [2] - $160 million+ Native USDC minted in first 2 weeks — surpassing multiple industry leaders [2] Institutional Interest & RWA - Ondo's USDY ($685 million in TVL) is set to bring tokenized US Treasuries to Sei [2] - Native RWA exposure via fastUSD, backed by BlackRock, Hamilton Lane, Apollo [2] - Canary Capital filed for a SEI ETF in the U S [2] - CoinShares ETP live in Europe [2]

Financing Plans - Brightspeed 计划筹集 16.5 亿美元（$1.65 billion）的额外融资 [1] Company Focus - Brightspeed 是一家由 Apollo 拥有的电信公司 [1] - Brightspeed 计划升级其光纤网络 [1]

Private equity firm Apollo is in talks to revive a sale of more than $2 billion in debt tied to a buyout involving Canadian auto parts maker ABC https://t.co/zDTWRk0PTz ...

Apollo has agreed to acquire German cooling equipment maker Kelvion from buyout firm Triton https://t.co/2XxRH7HGPy ...

Financial Data and Key Metrics Changes - Net investment income (NII) per share was $0.39 for the quarter, corresponding to an annualized return on equity (ROE) of 10.5% [11] - GAAP net income per share was $0.19, corresponding to an annualized ROE of 5.2% [11] - Net asset value (NAV) per share was $14.75, down 1.2% compared to the prior quarter [11] Business Line Data and Key Metrics Changes - MFIC made $262 million of new commitments across 29 transactions during the quarter [12] - The weighted average spread on new commitments was 538 basis points, with a slight increase compared to the prior quarter [12][23] - The weighted average net leverage on new commitments was 4.0 times, down from 4.2 times in the prior quarter [23] Market Data and Key Metrics Changes - The quarter began with heightened volatility due to U.S. tariffs, but market sentiment improved as tariffs were paused and trade deals were struck [20] - The labor market showed resilience with steady unemployment, and the Federal Reserve kept its policy rate unchanged [20] - The weighted average yield at cost of the direct origination portfolio was 10.5%, down from 10.7% in the prior quarter [35] Company Strategy and Development Direction - The company is focused on lending to the core middle market on a first lien senior secured basis, which offers attractive risk-adjusted returns [22] - The reduction in exposure to Merx is expected to provide capital for deployment into first lien middle market loans, which are believed to deliver higher returns [17] - The company intends to redeploy capital repaid from Merx to enhance earnings power and strengthen dividend coverage [18] Management's Comments on Operating Environment and Future Outlook - Management noted that the M&A pipeline is building, with sponsors remaining active despite previous uncertainties [55] - The company expects a busy second half of the year with plenty of opportunities to deploy capital [55] - Management expressed confidence in covering the declared dividend of $0.38 per share through net investment income, despite potential base rate pressures [90] Other Important Information - The company reported total investment income of approximately $81.3 million, up 3.2% compared to the prior quarter [33] - Total principal debt outstanding was $2.05 billion, with total net assets standing at $1.3 billion [38] - The company received an $8.5 million pay down from Merx during the quarter [24] Q&A Session Summary Question: Can you clarify the structure of the remaining investment in Merx? - The remaining investment consists of four aircraft and a servicing platform, with 40% of the remaining exposure related to servicing contracts [43][44] Question: What are the expectations for investment activity in the second half of the year? - The company anticipates a busy second half with a growing M&A pipeline and active sponsors, which should provide ample opportunities for deployment [55] Question: How does the company view the current leverage levels? - The company is comfortable with the current leverage levels and expects them to remain within target ranges, especially with anticipated M&A activity [56][58] Question: What is the expected impact of the Merx transactions on NAV? - The Merx transactions are expected to result in a positive impact to NAV in the high single-digit per share range, specifically between $0.06 to $0.09 [94]

RT Sei (@SeiNetwork)Institutional finance is converging on Sei.• Native RWA exposure via fastUSD, backed by BlackRock, Hamilton Lane, and Apollo funds• Regulated, fully reserved stablecoins with Circle• Tokenized treasuries with Ondo (coming soon)As the institutional-grade asset ecosystem on Sei evolves, the infrastructure advantage will become obvious.RWAs Move Faster on Sei. ...

Network Activity & Growth - Sei network achieved 1 million daily active wallets [1] - Sei network reached an all-time high (ATH) in daily transactions [1] - Sei was ranked as the 1 EVM chain by weekly active wallets, surpassing Base and opBNB [1] Integrations & Partnerships - MetaMask integrated Sei as a default network [1] - Stargate Finance recorded over $500 million in transfer volume into Sei [1] DeFi & RWA Developments - Elixir launched native mints and redemptions for fastUSD, collateralized by assets from BlackRock, Hamilton Lane, and Apollo [1] - Yei Finance V2 launched with a fully updated interface [1] - Folks Finance enabled staked Sei looping [1] Tooling & Migration - SailorFi launched a one-click USDC migration tool [1] - Rath Finance released a one-click USDC migration tool [1] Trading Volume - Citrex Markets reached an all-time high of nearly $60 million in daily perpetuals volume [1]

Institutional Adoption - Aptos is experiencing increasing adoption by institutions [1] - Grayscale is considering Aptos [1] - BlackRock, Franklin Templeton, and Apollo are building on Aptos [1] Investment Products - Bitwise ETF is progressing [1] Asset Growth - Institutional AUM (Assets Under Management) is growing [1]

Overview - Sei Network is collateralized by assets from BlackRock, Hamilton Lane, and Apollo [1] - Elixir's fastUSD is a yield-bearing stablecoin [1] Real World Asset (RWA) - fastUSD brings native RWA exposure to Sei Network [1] - RWAs move faster on Sei Network [1]