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B•••••• B••• I•••

Business development companymanaged by B•••••• L••Listed: BBDC· CHARLOTTE, NC

A business development company traded as BBDC, managed by B•••••• L••, holding $2.5B across 347 borrowers at Jun 30, 2026.

Composed from this BDC's filings and its latest schedule of investments.

Fair value
$2.5B
Schedule of investments, 10-Q and 10-K
Borrowers
347
Schedule of investments, 10-Q and 10-K
Mark on cost
97.1¢
Schedule of investments, 10-Q and 10-K
First lien
68%
Schedule of investments, 10-Q and 10-K
Schedule of investments (855)Quarter by quarterSponsors
As of · the latest schedule of investments read for this BDC

What matters now

  1. $46.1M
    on non-accrual, 11 borrowers

    11 borrowers on non-accrual, $46.1M principal; the largest is R• O••••••• L•• ($17.3M).

    Q2 2026 · Loans that have stopped paying interest; they set the book's credit losses.

    FactBDC schedules of investments, 30 Jun 2026For LPs and shareholders in these BDCs, co-lenders on the same namesOpen R• O••••••• L•• →
  2. $3M
    newly on non-accrual

    2 borrowers newly placed on non-accrual in Q2 2026, $3M principal: S••••• A••••• I•• ($2.18M), T••• A•• D••••••••• L•• ($812K).

    Q2 2026 · The newest credit problems in the book.

    FactBDC schedules of investments, 30 Jun 2026Open S••••• A••••• I•• →
  3. 25 below 80¢
    $77.3M principal

    25 positions across 20 borrowers marked below 80¢ on cost, $77.3M principal.

    Q2 2026 · Marks this low usually come before non-accrual or a restructuring.

    Derivedeach position's fair value over cost, 30 Jun 2026
  4. 0 → 70
    loans paying in kind

    Loans paying in kind rose from 0 to 70 positions in the quarter to Jun 30, 2026.

    Q2 2026 · Borrowers paying interest in more debt rather than cash is an early sign of strain.

    Factthe schedule's PIK rates, quarter on quarterQuarter by quarter →
  5. 1 → 347
    borrowers

    Added a net 346 borrowers in the quarter to Jun 30, 2026, to 347.

    Q2 2026 · The book is turning over faster than usual.

    Factthe schedule's borrowers, quarter on quarterSchedule of investments →
Every headline figure, and the identifiersCIK 1379785 · file 814-00733Show
Fair value
$2.5B
as of Jun 30, 2026
Principal held
$2.1B
debt pieces, the filer's figure
Cost
$2.5B
97c on cost, debt pieces
Unfunded
$485M
commitments not yet drawn
Positions
855
347 borrowers
First lien
68%
81% debt by fair value
Quarters on the tape
19
since Dec 31, 2020
Facilities held
759
46 sponsors financed
Portfolio through time
Fair value by quarter end$2.5B as of Jun 30, 2026
Dec 31, 2020$104M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$2.5B34797c70535 bp
May 27, 2026$5.0M1n/a0n/a
Mar 31, 2026$2.5B33597c78538 bp
Dec 31, 2025$2.7B38097c80543 bp
All 24 quarters
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Nov 25, 2025$10.0M1n/a0n/a
Sep 30, 2025$2.8B34597c87543 bp
Jun 30, 2025$2.9B33998c81548 bp
Mar 31, 2025$2.8B33296c80556 bp
Dec 31, 2024$5.7B39795c155567 bp
Sep 30, 2024$2.9B33897c81577 bp
Jun 30, 2024$2.9B33796c84582 bp
Mar 31, 2024$3.0B34097c78588 bp
Dec 31, 2023$3.7B37696c67592 bp
Sep 30, 2023$3.0B34096c65591 bp
Jun 30, 2023$3.0B33396c49588 bp
Mar 31, 2023$3.0B33494c51591 bp
Dec 31, 2022$2.9B36593c44586 bp
Sep 30, 2022$2.7B31693c47590 bp
Aug 12, 2022$45.4M1n/a0n/a
Dec 31, 2021$2.3B28799c28576 bp
Jul 8, 2021$306M1n/a0n/a
Feb 8, 2021Not disclosed3n/a0n/a
Dec 31, 2020$104M10n/a0725 bp
May 13, 2020Not disclosed1n/a0n/a
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
Full timeline · 20 events
Every position change, including routine ones
Largest facilities held, with co-lenders
Schedule of investments at Dec 31, 2024
1,766 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
M• G•••• V••••••• C•••••••••equity equityNot disclosed$681,000
91c
M• G•••• V••••••• C•••••••••equity equityNot disclosed$681,000
91c
K••••••• B•••• B•••term loan first lien$695,000$677,000
93c
S+525 bp
K••••••• B•••• B•••term loan first lien$695,000$677,000
93c
S+525 bp
T••••••••• S•••••• S••••• B•••• P•• L••term loan first lien$698,000$677,000
93c
S+550 bp
T••••••••• S•••••• S••••• B•••• P•• L••term loan first lien$698,000$677,000
93c
S+550 bp
M•• B••••• I•••term loan first lien$662,000$662,000
101c
S+500 bp
M•• B••••• I•••term loan first lien$662,000$662,000
101c
S+500 bp
S•••• S•••••• B•••••• L••equity equityNot disclosed$655,000
40c
S•••• S•••••• B•••••• L••equity equityNot disclosed$655,000
40c
C•••••• P••••••••• L••term loan unsecured or subordinated$648,000$640,000
100c
11.00%
PIK 1.00%
C•••••• P••••••••• L••term loan unsecured or subordinated$648,000$640,000
100c
11.00%
PIK 1.00%
T••• A•• D••••••••• L••equity equityNot disclosed$625,000
120c
T••• A•• D••••••••• L••equity equityNot disclosed$625,000
120c
R••••• H•••••••• I•••equity equityNot disclosed$622,000
117c
R••••• H•••••••• I•••equity equityNot disclosed$622,000
117c
R••••• H•••••••• I•••revolver lien unstated$633,000$613,000
103c
S+625 bp
R••••• H•••••••• I•••revolver lien unstated$633,000$613,000
103c
S+625 bp
P••••••• D••••• H••••••• L••term loan first lien$624,000$609,000
100c
S+830 bp
P••••••• D••••• H••••••• L••term loan first lien$624,000$609,000
100c
S+830 bp
H••••••••• B•••• P•• L••term loan first lien$694,000$602,000
86c
S+525 bp
H••••••••• B•••• P•• L••term loan first lien$694,000$602,000
86c
S+525 bp
C•• F•••• H••••••• C••• L••• S••••• O••term loan lien unstated$597,000$597,000
100c
S+1200 bp
PIK 16.70%
C•• F•••• H••••••• C••• L••term loan lien unstated$597,000$597,000
100c
S+1200 bp
PIK 16.70%
A•••••••• S••••••• C•••••• ••••• L••equity equityNot disclosed$593,000
212c
A•••••••• S••••••• C•••••• ••••• L••equity equityNot disclosed$593,000
212c
S•• I••••••••• L••term loan first lien$589,000$583,000
101c
S+675 bp
S•• I••••••••• L••term loan first lien$589,000$583,000
101c
S+675 bp
N•••• A••••••••• I•••preferred equity equityNot disclosed$578,000
126c
N•••• A••••••••• I•••preferred equity equityNot disclosed$578,000
126c
X••••••• B•••• L••••••equity equityNot disclosed$572,000
101c
X••••••• B•••• L••••••equity equityNot disclosed$572,000
101c
F••• S••• H•••••• L••equity equityNot disclosed$564,000
58c
F••• S••• H•••••• L••equity equityNot disclosed$564,000
58c
N• H•••••• L••equity equityNot disclosed$563,000
85c
N• H•••••• L••equity equityNot disclosed$563,000
85c
P•••••• S•••••••• G•••• H•••••••• L••term loan first lien$993,000$554,000
56c
S+700 bp
P•••••• S•••••••• G•••• H•••••••• L••term loan first lien$993,000$554,000
56c
S+700 bp
A•• W•••••••• L•••••••• H•••••••• I•••equity equityNot disclosed$550,000
158c
A•• W•••••••• L•••••••• H•••••••• I•••equity equityNot disclosed$550,000
158c
O••••• H••••• L••term loan lien unstated$549,000$549,000
100c
10.00%
O••••• H••••• L••term loan lien unstated$549,000$549,000
100c
10.00%
E•• P•••• H••••• L••revolver lien unstated$712,000$543,000
80c
S+575 bp
E•• P•••• H••••• L••revolver lien unstated$712,000$543,000
80c
S+575 bp
S••••• P••••••• H•••••••• L••preferred equity equityNot disclosed$537,000
141c
S••••• P••••••• H•••••••• L••preferred equity equityNot disclosed$537,000
141c
U•• L•••••• H•••••• A•term loan first lien$536,000$536,000
96c
S+525 bp
U•• L•••••• H•••••• A•term loan first lien$536,000$536,000
96c
S+525 bp
S••••••• B•term loan first lien$554,000$534,000
93c
S+525 bp
S••••••• B•term loan first lien$554,000$534,000
93c
S+525 bp
R•••• B•••• L••equity equityNot disclosed$533,000
100c
R•••• B•••• L••equity equityNot disclosed$533,000
100c
G••• L••term loan first lien$539,000$529,000
100c
S+600 bp
G••• L••term loan first lien$539,000$529,000
100c
S+600 bp
N•• B•••• L••equity equityNot disclosed$524,000
111c
N•• B•••• L••equity equityNot disclosed$524,000
111c
O••••• B•••• L••••••term loan first lien$533,000$522,000
99c
S+525 bp
O••••• B•••• L••••••term loan first lien$533,000$522,000
99c
S+525 bp
A•••••• A•••••••• C•••••••••
A•••••••• & D••••••
equity equityNot disclosed$512,000
117c
R•••••• I••••••••• U• I••••••••• H•••••• I•••term loan first lien$523,000$508,000
103c
S+500 bp
PIK 1.50%
R•••••• I••••••••• U• I••••••••• H•••••• I•••term loan first lien$523,000$508,000
103c
S+500 bp
PIK 1.50%
B•••••• A•••••• 2••••• C•••• B• P••• T•••••• T••••term loan first lien$489,000$507,000
104c
8.40%
B•••••• A•••••• 2••••• C•••• B• P••• T•••••• T••••term loan first lien$489,000$507,000
104c
8.40%
Z• H••••• L••revolver lien unstated$507,000$495,000
99c
S+550 bp
V•••• G••••• H•••••• L••notes lien unstated$500,000$495,000
99c
9.50%
Z• H••••• L••revolver lien unstated$507,000$495,000
99c
S+550 bp
V•••• G••••• H•••••• L••• S•••••••••equity equity$500,000$495,000
99c
9.50%
S••••••••• G••••• I•••equity equityNot disclosed$483,000
176c
S••••••••• G••••• I•••equity equityNot disclosed$483,000
176c
R• H•••••••• L••revolver lien unstated$472,000$472,000
111c
S+625 bp
R• H•••••••• L••revolver lien unstated$472,000$472,000
111c
S+625 bp
S••• B••••• L•••revolver lien unstated$532,000$466,000
93c
S+625 bp
S••• B••••• L•••revolver lien unstated$532,000$466,000
93c
S+625 bp
E••••••• D•••••• T•••••• I••••••••• L•• H•••••• S•••term loan first lien$913,000$453,000
58c
S+700 bp
PIK 11.30%
E••••••• D•••••• T•••••• I••••••••• L•• H•••••• S•••term loan first lien$913,000$453,000
58c
S+700 bp
PIK 11.30%
B•••••• P•••• P•••••••• C•••••••••equity equityNot disclosed$450,000
99c
B•••••• P•••• P•••••••• C•••••••••equity equityNot disclosed$450,000
99c
S•••• B•••• B•••term loan first lien$443,000$442,000
100c
S+557 bp
S•••• B•••• B•••term loan first lien$443,000$442,000
100c
S+557 bp
D••••• 4•term loan unsecured or subordinated$17.2M$437,000
16c
D••••• 4•term loan unsecured or subordinated$17.2M$437,000
16c
O•• H••••••• P••••••••• L••revolver lien unstated$444,000$430,000
101c
S+525 bp
O•• H••••••• P••••••••• L••revolver lien unstated$444,000$430,000
101c
S+525 bp
W••••••• F••••• L••preferred equity equityNot disclosed$427,000
100c
PIK 20.00%
W••••••• F••••• L••preferred equity equityNot disclosed$427,000
100c
PIK 20.00%
P••••• S••••••• C••••••• L••warrants equityNot disclosed$426,000
P••••• S••••••• C••••••• L••warrants equityNot disclosed$426,000
E••• G••••• L••••••••• I•••equity equityNot disclosed$417,000
79c
E••• G••••• L••••••••• I•••equity equityNot disclosed$417,000
79c
S••••••• H••••••• B••equity equityNot disclosed$399,000
S••••••• H••••••• B••equity equityNot disclosed$399,000
S••••••• H••••••• B•••equity equityNot disclosed$399,000
71c
S••••••• H••••••• B•••equity equityNot disclosed$399,000
71c
A•••• B•••• L••••••term loan first lien$396,000$396,000
97c
S+550 bp
A•••• B•••• L••••••term loan first lien$396,000$396,000
97c
S+550 bp
V•••• B••••• L••equity equityNot disclosed$388,000
237c
V•••• B••••• L••equity equityNot disclosed$388,000
237c
B•••••••• L••••••term loan first lien$396,000$386,000
99c
S+500 bp
B•••••••• L••••••term loan first lien$396,000$386,000
99c
S+500 bp
C••• U••••••• G•••equity equityNot disclosed$381,000
85c
Page 9 of 18PreviousNext
Registration
Fiscal year end
1231reported
Incorporated
NCreported
On the SEC BDC report
2012 to 2026reported
Filings listed
19reported10-Q and 10-K since 2022
Former names
Triangle Capital CORPreported
Latest schedule
0001379785-26-000030reported