# BDC Borrowers Dataset

DFX currently tracks 23,909 borrowers and 365 business development companies in the BDC Borrowers Dataset, as of 11 October 2026.

Canonical page: https://dfxintel.com/datasets/bdc-borrowers

Companies that borrow from business development companies, with each BDC position behind them, their facilities and the lender groups that hold them.

## Figures

- Borrowers: 23,909 (as of 11 October 2026)
- Business development companies: 365 (as of 11 October 2026)

## Summary: the largest stated industries by borrowers

| Industry, as the BDCs write it | Borrowers | Facilities | Lenders |
| - | - | - | - |
| Software | 345 | 856 | 125 |
| Structured finance (CLO) | 313 | 325 | 27 |
| Health Care Providers & Services | 176 | 427 | 105 |
| Financial Services | 150 | 338 | 103 |
| Professional Services | 143 | 377 | 103 |
| Commercial Services & Supplies | 136 | 346 | 103 |
| Diversified Consumer Services | 121 | 328 | 98 |
| Services: Business | 98 | 206 | 56 |

From the sector exposure view. Borrowers with no industry on any schedule are left out, so the rows do not add up to the headline.

## Limitations

- A position is a piece of a loan, and a sum of pieces is a lower bound: banks, insurers, private funds and CLOs hold pieces no BDC schedule shows.
- The industry is the one each BDC printed beside the position, taken as written, so one sector can appear under two names.
- Non-accrual status comes only from a BDC's own schedule footnote.

## Method

Private credit sources and method: https://dfxintel.com/private-credit/methodology

## Cite this dataset

DFX Intelligence. (2026). BDC Borrowers Dataset [Data set]. Retrieved 11 October 2026, from https://dfxintel.com/datasets/bdc-borrowers