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G•••• C•••••• B••• I•••

Business development companymanaged by G• A••••••• L••Listed: GBDC· NEW YORK, NY

A business development company traded as GBDC, managed by G• A••••••• L••, holding $8.1B across 421 borrowers at Jun 30, 2026.

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

Fair value
$8.1B
Borrowers
421
Mark on cost
98.2¢
First lien
93%
As of · the latest schedule of investments read for this BDC

What matters now

  1. $221M
    on non-accrual, 13 borrowers

    13 borrowers on non-accrual, $221M principal; the largest is M••• H•••••••• I•• ($57.4M).

    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 M••• H•••••••• I•• →
  2. $12.9M
    newly on non-accrual

    2 borrowers newly placed on non-accrual in Q2 2026, $12.9M principal: W••••••••• L•• ($12M), W••••• I•• ($949K).

    Q2 2026 · The newest credit problems in the book.

    FactBDC schedules of investments, 30 Jun 2026Open W••••••••• L•• →
  3. 34 below 80¢
    $159M principal

    34 positions across 23 borrowers marked below 80¢ on cost, $159M 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. 247 → 281
    loans paying in kind

    Loans paying in kind rose from 247 to 281 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 →
Every headline figure, and the identifiersCIK 1476765 · file 814-00794Show
Fair value
$8.1B
as of Jun 30, 2026
Principal held
$7.8B
debt pieces, the filer's figure
Cost
$8.3B
98c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
Positions
1,812
421 borrowers
First lien
93%
94% debt by fair value
Quarters on the tape
18
since Sep 30, 2020
Facilities held
606
65 sponsors financed
Portfolio through time
Fair value by quarter end$8.1B as of Jun 30, 2026
Sep 30, 2020$60.7M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$8.1B42198c281531 bp
Mar 31, 2026$8.2B41798c247530 bp
Dec 31, 2025$8.5B418100c237534 bp
Sep 30, 2025$18B414100c482542 bp
All 18 quarters
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2025$9.0B402100c209548 bp
Mar 31, 2025$8.6B39499c196559 bp
Dec 31, 2024$8.7B38699c201567 bp
Sep 30, 2024$8.3B38499c210577 bp
Jun 30, 2024$7.9B38198c173585 bp
Mar 31, 2024$5.4B36798c172603 bp
Dec 31, 2023$5.5B35898c180613 bp
Sep 30, 2023$5.6B34498c165612 bp
Jun 30, 2023$5.6B33498c152610 bp
Mar 31, 2023$5.5B33497c166611 bp
Dec 31, 2022$5.5B33597c143611 bp
Sep 30, 2022$6.1B33596c119593 bp
Sep 30, 2021$5.0B29899c98578 bp
Sep 30, 2020$60.7M10n/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 Jun 30, 2025
1,723 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
M•••••••• I•••term loan first lien$2.1M$2.1M
100c
S+600 bpSep 1, 2027
P••••••••• I•••equity equityNot disclosed$2.1M
153c
M•• G• H••••••• L••term loan first lien$2.1M$2.1M
99c
S+575 bpNov 1, 2026
B•••••••• I•••unstated lien unstatedNot disclosed$2.1M
E•••••••• G•••• L••term loan first lien$2.1M$2.1M
101c
S+675 bpFeb 1, 2027
C••• R•• H••••••• I•••term loan first lien$2.1M$2.1M
99c
S+575 bpSep 1, 2028
C••••••••• I•••preferred equity equityNot disclosed$2.1M
105c
D•••••• M••• C••••••• I•••term loan first lien$2.3M$2.1M
91c
S+600 bpMar 1, 2028
B••• R•••• P•• C•••• L••term loan first lien$2.1M$2.1M
99c
S+575 bpAug 1, 2029
R•••••••• I•••term loan first lien$2.4M$2.1M
89c
S+575 bpApr 1, 2027
R••••••••• P•••••• L••term loan first lien$2.1M$2.1M
98c
S+500 bpDec 1, 2028
E••••••• G••••• L••term loan first lien$2.1M$2.1M
99c
S+575 bpApr 1, 2028
V•• A••••••••• C•••• a•• S•••••••• I•••term loan first lien$2.1M$2.1M
101c
S+550 bpApr 1, 2028
R•••••••• I•••term loan first lien$2.4M$2.1M
91c
S+575 bpApr 1, 2027
L••••• B••••• L••term loan first lien$2.1M$2.1M
100c
S+500 bpMay 1, 2028
E•••• S••••••••• L•••term loan first lien$2.1M$2.1M
100c
S+750 bp
PIK 1.25%
Sep 1, 2025
A••••• D••• I•••unstated lien unstatedNot disclosed$2.0M
186c
K••••••• A••••• P••••••• L••term loan first lien$2.0M$2.0M
100c
S+475 bpMay 1, 2027
B•••••••• I•••term loan first lien$4.9M$2.0M
56c
S+100 bp
PIK 5.30%
Aug 1, 2027
E•••••••• T••••••••• C••••term loan first lien$2.0M$2.0M
113c
S+525 bpAug 1, 2029
S••••••••• I•••preferred equity equityNot disclosed$2.0M
195c
D••••• B•••• L••••••term loan first lien$2.0M$2.0M
109c
S+500 bpAug 1, 2030
R•••• B•••• C•••••• • A••••• S••••••• I•••term loan first lien$2.0M$2.0M
101c
S+625 bpMay 1, 2027
A••• C•••••••••term loan first lien$2.0M$2.0M
101c
S+550 bpApr 1, 2029
L••••••• S••••••• L••term loan first lien$2.0M$2.0M
100c
S+550 bp
PIK 0.75%
Sep 1, 2026
P•• I••••••••• H•••••••• L••term loan first lien$2.0M$2.0M
101c
PIK 13.75%
Aug 1, 2030
B••••• U• B•••• L••term loan first lien$2.0M$2.0M
114c
S+525 bpSep 1, 2030
A••••• E•••••• H•••••••• L••term loan first lien$2.0M$2.0M
100c
S+600 bpMar 1, 2027
P••••••••• L••term loan first lien$2.0M$2.0M
99c
S+450 bp
PIK 1.50%
Aug 1, 2029
M••• H•••••••• I•••term loan first lien$2.2M$2.0M
93c
S+650 bp
PIK 19.00%
Dec 1, 2026
M••• A••••••••• C••term loan first lienNot disclosed$2.0M
94c
PIK 8.00%
Mar 1, 2026
A•••• N••••••• I•••term loan first lien$2.0M$2.0M
100c
S+625 bp
PIK 3.25%
Jul 1, 2027
M•• G• H••••••• L••term loan first lien$2.0M$2.0M
100c
S+575 bpNov 1, 2026
K•••••• H•••••••• I•••term loan first lien$2.0M$2.0M
103c
S+475 bpMar 1, 2029
M•••••• E•••• L••unstated lien unstatedNot disclosed$1.9M
927c
E•••• D••••• P••••••• L••term loan first lien$1.9M$1.9M
100c
S+525 bp
PIK 9.70%
Sep 1, 2026
B•••••••• B•••• L••••••term loan first lien$1.9M$1.9M
100c
S+645 bp
T•••• T••••••••• I•••term loan first lien$1.9M$1.9M
101c
S+800 bp
PIK 3.50%
Aug 1, 2025
A•••• B•••••• C••• L•••••term loan first lien$2.3M$1.9M
83c
S+100 bp
PIK 5.31%
Jun 1, 2027
S•••••• A••••••••• L••term loan first lien$1.9M$1.9M
100c
S+475 bpOct 1, 2031
P•• P••••• I•••equity equityNot disclosed$1.9M
114c
E•••••••• G•••• L••term loan first lien$1.9M$1.9M
100c
S+675 bpFeb 1, 2027
P• I••••••••• H••••••• I••• L••equity equityNot disclosed$1.8M
103c
V••••••• I•••term loan first lien$2.1M$1.8M
90c
S+575 bpSep 1, 2027
A••••• E•••••• H•••••••• L••term loan first lien$1.8M$1.8M
100c
S+625 bpMar 1, 2027
K••••• C••••• L••equity equityNot disclosed$1.8M
324c
P•••••• P••••••• L•••term loan first lien$1.8M$1.8M
100c
S+550 bpNov 1, 2027
W•• H•••••• C••••term loan first lien$1.8M$1.8M
100c
S+500 bpJul 1, 2031
S•••• L•••• G••••• L••term loan second lien$1.8M$1.8M
102c
S+900 bp
PIK 13.30%
E•••••• B••••• I•••preferred equity equityNot disclosed$1.8M
102c
PIK 12.50%
L•••••••• F•••• L••••••term loan first lien$1.8M$1.8M
102c
S+550 bpSep 1, 2028
E•• F•••••• O••• H•••••••• L••term loan first lien$1.8M$1.8M
101c
S+525 bpJan 1, 2028
O••••••••• L••term loan first lien$1.8M$1.8M
101c
S+525 bpApr 1, 2031
H••••• B••••• L••term loan first lien$1.8M$1.8M
101c
S+550 bpApr 1, 2029
S••••• F••••••• L••term loan first lien$1.8M$1.8M
99c
S+525 bpJun 1, 2031
D••••••• C•••••••••preferred equity equityNot disclosed$1.8M
193c
E•• F•••••• O••• H•••••••• L••term loan first lien$1.8M$1.8M
101c
S+525 bpJan 1, 2028
C••••• H•••••••• L••term loan first lien$1.8M$1.8M
100c
S+475 bpSep 1, 2031
R••••••••• L••term loan first lien$1.8M$1.8M
99c
S+525 bpDec 1, 2027
C••••• P•••• I•••term loan first lien$1.7M$1.7M
101c
S+500 bpAug 1, 2027
B••••• B••••• I•••term loan first lien$1.7M$1.7M
101c
S+525 bp
B••••• B••••• I•••term loan first lien$1.7M$1.7M
100c
S+500 bp
O•• H••••••• P••••••••• L•••term loan first lien$1.7M$1.7M
98c
S+475 bpDec 1, 2029
D••• I•••••••• H••••••• L••term loan first lien$1.7M$1.7M
98c
S+525 bpDec 1, 2030
W•• I••••••••• L••term loan first lien$1.7M$1.7M
100c
S+675 bpMar 1, 2027
F••••• S•••••••• G••••• L••term loan first lien$1.7M$1.7M
101c
S+550 bpOct 1, 2028
E•• F•••••• O••• H•••••••• L••term loan first lien$1.7M$1.7M
102c
S+525 bpJan 1, 2028
T•••• T••••••••• I•••term loan first lien$1.7M$1.7M
101c
S+800 bp
PIK 3.50%
Aug 1, 2025
C••••••• M•••• L••••••subordinated debt unsecured or subordinated$1.7M$1.7M
100c
S+750 bp
O••••••••• N•••• A••••••• I•••equity equityNot disclosed$1.7M
164c
C••••• P•••• I•••term loan first lien$1.7M$1.7M
101c
S+500 bpAug 1, 2027
C•••• S••••••• I••••••••• L••term loan first lien$1.7M$1.7M
101c
S+450 bpMay 1, 2030
J••• H••••••• L••term loan first lien$1.6M$1.6M
100c
S+525 bpSep 1, 2027
A•••• B••••• I•••term loan first lien$1.6M$1.6M
100c
S+500 bpJul 1, 2030
B•••••••• I•••term loan first lien$1.6M$1.6M
98c
S+500 bpOct 1, 2029
S••••••• B•••• O•term loan first lien$1.6M$1.6M
109c
S+550 bpJul 1, 2029
M••••••• H•••••• G•••term loan first lien$1.6M$1.6M
109c
S+625 bpDec 1, 2029
D••• I•••••••• H••••••• L••term loan first lien$1.6M$1.6M
100c
S+525 bpDec 1, 2030
D••••• M•••• 2• L••term loan first lien$1.6M$1.6M
99c
S+525 bpDec 1, 2028
N•• L••• C••••••••• a•• N•• L••• V••••• G•••• I•••term loan first lien$1.6M$1.6M
96c
S+550 bpMay 1, 2028
V•• A••••••••• C•••• a•• S•••••••• I•••term loan first lien$1.6M$1.6M
103c
S+550 bpApr 1, 2028
M••• H•••••••• I•••term loan first lien$1.7M$1.6M
98c
S+650 bpDec 1, 2026
E•• V•••••• H•••••••• L••term loan first lien$1.6M$1.6M
101c
S+575 bpOct 1, 2028
R••••••••• B•••• L••••••term loan first lien$1.6M$1.6M
112c
S+605 bp
PIK 2.55%
Jul 1, 2029
S••••• S•••••••• I•••preferred equity equityNot disclosed$1.6M
101c
PIK 11.00%
A•••• B••••• I•••term loan first lien$1.6M$1.6M
100c
S+500 bpJul 1, 2030
B••••••• R••• H•••••••• L••term loan first lien$1.6M$1.6M
101c
S+600 bpJun 1, 2027
N•••• H•••• S•••• B••••• L••term loan first lien$1.6M$1.5M
101c
S+475 bpJul 1, 2027
D••••••• C•••••••••term loan first lien$1.5M$1.5M
101c
S+500 bpAug 1, 2030
D••••• M•••• 2• L••term loan first lien$1.5M$1.5M
99c
S+525 bpDec 1, 2028
I••••• F•••••••• L••term loan first lien$1.7M$1.5M
92c
S+600 bp
PIK 4.00%
Aug 1, 2025
N•• C••••••• L••term loan first lien$1.5M$1.5M
100c
S+475 bpJul 1, 2027
N•••• H•••• S•••• B••••• L••term loan second lien$1.5M$1.5M
101c
10.00%
PIK 2.50%
Jan 1, 2028
H••••••• G•••• A••••••••• L••term loan first lien$1.5M$1.5M
102c
S+550 bpJun 1, 2031
Q•• A••••••••• C••term loan first lien$1.5M$1.5M
100c
S+425 bpJun 1, 2032
C• B••••• I•••term loan first lien$1.5M$1.5M
105c
S+525 bpJul 1, 2031
C•• H••••••• A••••••••• I•••term loan first lien$1.5M$1.5M
100c
S+525 bpJul 1, 2027
J•• I••••••••• I••••••••• H•••••••• L••equity equityNot disclosed$1.5M
K••••••••• H••••• P••••••• L••term loan first lien$1.5M$1.5M
100c
S+525 bpNov 1, 2026
S•••• L•••• G••••• L••term loan second lien$1.5M$1.5M
102c
S+900 bp
PIK 13.30%
Page 7 of 18PreviousNext
Registration
Fiscal year end
0930reported
Incorporated
DEreported
On the SEC BDC report
2012 to 2026reported
Filings listed
19reported10-Q and 10-K since 2022
Former names
G•••• CAPITAL INVESTMENT Corp; G•••• C•••••• B•• LLCreported
Latest schedule
0001476765-26-000048reported
Capital chain

G•••• C•••••• B••• I••• sits on 202 traced paths of capital across the graphs.

PE sponsor to borrower to facility to lenderSponsor to borrower to facility to lender

Every record on each path, what it committed or lent, and as of when. The capital chain is a join across the graphs and opens with the Data Factory.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Position history

4,597 field-level changes across filed schedules, latest first

Each line is one position compared between two consecutive BDC schedules of investments: principal, fair value mark, spread, PIK and maturity, as filed with the SEC.

›Connections

every published relationship on the graph
Show 1 connection across 1 kind
Manages (1)