Consensus lender mark moved from 84 to 56 cents on cost at 2026-03-31, the 2th consecutive quarter the screen fired

Why now: State INTENSIFIED at the 2026-03-31 quarter end, readable when the filing landed on 2026-05-14.

Buyer classes for this family: Private credit lenders, PE sponsors, Special situations funds, Restructuring advisers, LPs and allocators.

funded debt at cost held by BDC lenders

$115M known

basis KNOWN

State

Intensified

Historical signal

2.53x subsequent non accrual rate vs population

median 138 days of warning

Lenders

14

Confidence

0.90

14 BDC lender(s) hold $115M of funded debt at cost; no sponsor bridged. Borrowers this screen flags reached non-accrual at 2.53x the population rate within a year, median warning 138 days (stage-6 harness, non-accrual outcome). Non-accrual is the lender's own determination, not a court's: this is a mark signal, not a default prediction.

DFX product: Credit Attention / portfolio monitor

• Bruce Allen Karsh · Co-Chairman, Chief Investment Officer · OAKTREE FUND ADVISORS, LLC
• Sheldon Michael Stone · Principal · OAKTREE FUND ADVISORS, LLC
• Craig William Packer · Co-President · BLUE OWL CREDIT ADVISORS LLC
• Douglas Irving Ostrover · Co-Chief Executive Officer · BLUE OWL CREDIT ADVISORS LLC
• Marc Steven Lipschultz · Co-Chief Executive Officer · BLUE OWL CREDIT ADVISORS LLC
• Craig William Packer · Co-President · BLUE OWL TECHNOLOGY CREDIT ADVISORS LLC