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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 Mar 31, 2025
778 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
E•••••• B••••••• C••••••equity equityNot disclosed$137M
E•••••• B••••••• C••••••• L••equity equityNot disclosed$137M
147c
R••••• H••••••• L••preferred equity equityNot disclosed$85.1M
100c
S+600 bp
PIK 10.40%
P••••• S••••••• C••••••• L••term loan first lien$51.5M$51.0M
100c
S+600 bp
PIK 4.00%
V• S•••• I••••••••• I• L••term loan first lien$45.3M$43.5M
100c
S+850 bp
S••••••• H••••••• B•••equity equityNot disclosed$42.0M
119c
S••••••• H••••••• B••equity equityNot disclosed$42.0M
S•••••term loan lien unstatedNot disclosed$40.5M
84c
J••••••• P••••••• L••unstated lien unstatedNot disclosed$39.8M
113c
B•••••• A•••••••• G•••• H•••••••• L••• M•••••••• R••••••notes lien unstated$27.2M$28.0M
103c
11.50%
N••• H•••••• L••term loan first lien$22.3M$22.1M
100c
S+525 bp
R•• C•••••••••term loan first lien$21.9M$21.6M
100c
S+525 bp
C•••••• M••••• H•••••••• L••equity equityNot disclosed$20.0M
121c
C••••••• • G•••••• L••term loan first lien$19.3M$19.1M
100c
S+475 bp
A•• I• M•• H••••••• I•••term loan first lien$19.3M$19.0M
100c
S+550 bp
C••••••••• L••term loan first lien$18.6M$18.2M
99c
S+500 bp
R•• S•••••••• L••term loan first lien$18.3M$18.0M
100c
S+500 bp
V•••• B••••• L••term loan first lien$18.1M$17.9M
100c
S+450 bp
S••••••• B••••• L••term loan first lien$18.0M$17.7M
100c
S+550 bp
S••• P••••••••• I•••term loan first lien$17.8M$17.6M
100c
S+500 bp
N•••••••• R••••••••• L••term loan first lien$17.1M$17.1M
102c
S+465 bp
F••••••••• I•••••• L••• S•••••••••equity equity$16.0M$15.9M
107c
6.90%
C•••••• M••••• H•••••••• L••term loan unsecured or subordinated$16.6M$15.8M
101c
8.00%
W••••••• F••••• L••term loan first lien$15.8M$15.5M
100c
S+550 bp
S••• B••••• L•••term loan first lien$15.3M$15.3M
102c
S+625 bp
B•••••• E••••••••• S••••••• H••••• L••••••term loan first lien$15.4M$15.1M
96c
S+700 bp
W•• H•••••••• I•••term loan first lien$15.0M$14.9M
100c
S+475 bp
S•••••• B••••••• S•••••• L••term loan first lien$14.9M$14.9M
102c
S+500 bp
B•••••• A•••••••• G•••• H•••••••• L••preferred equity equityNot disclosed$14.9M
89c
PIK 7.00%
S••••• P••••••• H•••••••• L••term loan first lien$14.8M$14.8M
101c
S+500 bp
P•••••• C•••••••••term loan first lien$15.0M$14.8M
100c
S+450 bp
D••••term loan first lien$14.6M$14.4M
100c
S+475 bp
T•••••• M••••••• S••••••• I•••term loan first lien$15.4M$14.2M
93c
S+550 bp
PIK 2.00%
T••••••• M•••••••• C••••••• L••term loan first lien$14.4M$14.0M
100c
S+475 bp
M•• A••••••••• G•••• G•••equity equityNot disclosed$13.9M
M•• A••••••••• G•••• G•••equity equityNot disclosed$13.9M
73c
B•••• I••••••••• G••••• L••term loan first lien$14.2M$13.9M
100c
S+500 bp
O•• H••••••• P••••••••• L••term loan first lien$14.1M$13.9M
100c
S+500 bp
W•••• 5•• I•••term loan first lien$13.9M$13.9M
102c
S+575 bp
C•• P•••••• L••term loan first lien$14.0M$13.8M
101c
S+450 bp
T•••• B•••• L••term loan first lien$13.8M$13.6M
100c
S+500 bp
H•••••••• V••••••••• P•••••••• L••term loan unsecured or subordinated$14.4M$13.3M
93c
PIK 11.00%
F••• S••• H•••••• L••term loan second lien$13.7M$13.3M
98c
S+725 bp
U•• A•••••••• I•••term loan first lien$13.2M$13.2M
102c
S+475 bp
K•• D••••• H•••••••• L••term loan first lien$13.1M$13.1M
101c
S+475 bp
R• O•••••••• L••term loan first lien$14.1M$13.0M
94c
S+675 bp
S••••••••• G••••• I•••term loan first lien$12.9M$12.9M
102c
S+500 bp
G••• I••••••••• I•••term loan first lien$13.2M$12.9M
100c
S+950 bp
A••••• S•• L••term loan first lien$12.8M$12.8M
102c
S+650 bp
N••• B•••• P•• L••term loan first lien$12.5M$12.5M
88c
S+500 bp
B•• H••••••• I• C•••term loan first lien$14.1M$12.5M
93c
S+600 bp
C•• S•••••••• L••term loan first lien$12.5M$12.5M
101c
S+500 bp
U••• A••••••••• I••• ••••• U• L•••• S••••••• I••••term loan first lien$12.6M$12.4M
99c
S+575 bp
D•••••••• B••••• L•••term loan first lien$12.5M$12.3M
100c
S+500 bp
C• A••••••••• H••••••• I•••term loan first lien$12.5M$12.2M
97c
S+350 bp
PIK 2.50%
S••••••• H••••••• L••term loan first lien$12.1M$12.1M
100c
PIK 12.00%
S•••• B•••• L••• S••••• O••term loan first lien$12.2M$12.1M
100c
S+500 bp
I•• I••••••••• I•••term loan first lien$12.0M$12.0M
102c
S+625 bp
W••• H••••••• I•• C•••term loan first lien$12.2M$12.0M
100c
S+500 bp
F• H••• I••••••••• H•••••••• I••• ••••• F••••••• T••••••••• I••••term loan first lien$12.0M$12.0M
100c
S+450 bp
R••••• H•••••••• I•••term loan first lien$11.9M$11.8M
102c
S+500 bp
N•• B•••• L••term loan first lien$11.8M$11.8M
103c
S+550 bp
A•••••• A•••••••• C•••••••••term loan first lien$12.0M$11.7M
99c
S+575 bp
E•• P•••• H••••• L••term loan first lien$12.4M$11.6M
95c
S+575 bp
M••••••••• P••••••••• M••••••••• G•••term loan first lien$11.6M$11.4M
100c
S+538 bp
U••••• L•••••• L••••••term loan first lien$12.1M$11.4M
96c
S+725 bp
S••••••• H••••••• B•••term loan unsecured or subordinated$11.3M$11.3M
100c
PIK 3.10%
S••••••• H••••••• B••term loan unsecured or subordinatedNot disclosed$11.3M
PIK 3.10%
E•••••• B••••••• C•••••• H••••••• L••revolver lien unstatedNot disclosed$11.3MS+650 bp
E•••••• B••••••• C••••••• L••revolver lien unstated$11.3M$11.3M
101c
S+650 bp
R••••••• P•••• S••••••• I•••term loan first lien$11.3M$11.3M
100c
S+600 bp
H• H•••••• L•• •••••• W••• L•••term loan first lien$10.8M$10.8M
100c
S+575 bp
S••••••••• I•••term loan first lien$10.4M$10.4M
101c
S+450 bp
E••••••••• C••••••••• I••••••••• I•••term loan first lien$10.6M$10.4M
100c
S+650 bp
S•••••••• H•••••••• I•••preferred equity equityNot disclosed$10.4M
102c
PIK 12.50%
T•• A••••••••• L••term loan first lien$10.4M$10.2M
100c
S+475 bp
H•• T••••••••• • I•••••••••term loan first lien$11.1M$10.2M
92c
S+850 bp
I••••••••• L••preferred equity equityNot disclosed$10.2M
100c
10.00%
A• B••••• I•••term loan first lien$10.1M$10.1M
103c
S+525 bp
L••••••••• L••term loan first lien$10.0M$10.0M
101c
S+475 bp
H••••••• H••••••• L••term loan first lien$9.9M$9.8M
100c
S+475 bp
B•• G•••••• L••term loan first lien$9.8M$9.7M
101c
S+550 bp
G••••••• S•••••••• L••term loan first lien$9.5M$9.5M
101c
S+475 bp
E••• G••••• L••••••••• I•••term loan second lien$9.5M$9.5M
101c
S+700 bp
M••••• B•••term loan first lien$9.6M$9.3M
94c
S+593 bp
P•••••••• M•••••notes lien unstated$9.3M$9.3M
100c
11.40%
G• E•••• B••••• I•••term loan first lien$9.2M$9.1M
101c
S+475 bp
Z• H••••• L••term loan first lien$9.2M$9.1M
100c
S+550 bp
P•••••• I•••••term loan first lien$9.1M$9.0M
102c
S+575 bp
H•••••••• H•••••••• I•••term loan first lien$9.1M$9.0M
100c
S+525 bp
X••••••• B•••• L••••••term loan first lien$9.1M$9.0M
103c
S+550 bp
A••• G••••• P•••••••• L••term loan first lien$9.0M$8.8M
98c
S+475 bp
W••••••• R•••• L••unstated lien unstatedNot disclosed$8.8M
42c
T••••••••• I••••••• L••term loan first lien$11.1M$8.7M
78c
S+450 bp
PIK 1.00%
S•• H••••••• L•term loan first lien$8.7M$8.6M
102c
S+500 bp
W•••••••• H•••••••• I•••term loan first lien$8.5M$8.5M
103c
S+650 bp
W•••••• A••••••••• L••term loan first lien$8.6M$8.5M
100c
S+500 bp
C••••••••• B••••• L••equity equityNot disclosed$8.4M
69c
A••• H••••••• I• L••term loan first lien$13.2M$8.3M
70c
6.70%
PIK 7.60%
A••••••••• H•••••••preferred equity equityNot disclosed$8.3M
106c
Page 1 of 8Next
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