Solar Capital reported net investment income of $16.0 million for the quarter ended June 30, 2015. Earnings were $17.3 million for the second fiscal quarter. As of June 30, 2015, as a result of strong net originations, the fair value of the company’s investment portfolio was $1.172 billion, a 12% increase from the prior quarter.

As of June 30, 2015, Solar said its portfolio consisted of 50 portfolio companies, with senior secured assets representing 90.2% of the total fair value, consisting of 64.2% in senior secured loans and 26.0% in Crystal Financial, whose portfolio is 100% senior secured loans. The remaining 9.8% of the portfolio’s fair value was comprised of 6.3% in subordinated debt, 1.6% in preferred equity, and 1.9% in common equity and warrants excluding Crystal Financial.

Solar noted that Crystal Financial’s $455.3 million funded portfolio consists of senior secured loans from 24 issuers with an average exposure of $19.0 million. All of the commitments from Crystal Financial are floating-rate, senior-secured loans. During the quarter ended June 30, 2015, Crystal Financial funded new loans totaling $67.6 million and had $103.9 million of funded loans repaid.

“During the second quarter of 2015, we originated over $200 million in senior secured floating rate loans, resulting in net portfolio growth of 12%,” said Michael Gross, chairman and CEO of Solar Capital. “Over the past three years, we’ve enhanced our origination platform to expand our access to proprietary investment opportunities. We are now seeing the benefits of our patient approach. Between our core middle market lending business, life science senior secured lending platform, and asset-based lender, Crystal Financial, we are well-positioned to deploy our available capital.”

Access the full Solar Capital news release here.