DFX Intelligence
Private Credit Intelligence
The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.
BDC portfolio
Carlyle Secured Lending, Inc.
BDCCGBDCIK 1544206file 814-00995NEW YORK, NYmanaged by CARLYLE GLOBAL CREDIT INVESTMENT MANAGEMENT L.L.C.
Fair value
$3.5B
as of Jun 30, 2026
Principal held
$3.6B
debt pieces, the filer's figure
Cost
$3.6B
98c on cost
Unfunded
$495M
commitments not yet drawn
Positions
559
207 borrowers
First lien
88%
96% debt by fair value
Quarters on the tape
18
since Dec 31, 2020
Facilities held
414
27 sponsors financed
Portfolio through time
Fair value by quarter end$3.5B as of Jun 30, 2026
Dec 31, 2020$316M then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $3.5B | 207 | 98c | 57 | 519 bp |
| Mar 31, 2026 | $3.3B | 196 | 98c | 53 | 513 bp |
| Dec 31, 2025 | $3.8B | 191 | 104c | 48 | 532 bp |
| Sep 30, 2025 | $3.2B | 184 | 98c | 48 | 539 bp |
| Jun 30, 2025 | $3.0B | 175 | 98c | 40 | 544 bp |
| Mar 31, 2025 | $2.9B | 166 | 98c | 35 | 558 bp |
| Dec 31, 2024 | $8.2B | 170 | 103c | 129 | 569 bp |
| Sep 30, 2024 | $2.4B | 159 | 97c | 31 | 576 bp |
| Jun 30, 2024 | $2.5B | 160 | 96c | 27 | 592 bp |
| Mar 31, 2024 | $2.7B | 164 | 97c | 26 | 601 bp |
| Dec 31, 2023 | $5.6B | 170 | 103c | 62 | 605 bp |
| Sep 30, 2023 | $2.8B | 166 | 95c | 27 | 628 bp |
| Jun 30, 2023 | $2.9B | 170 | 95c | 25 | 610 bp |
| Mar 31, 2023 | $3.0B | 171 | 96c | 21 | 615 bp |
| Dec 31, 2022 | $6.3B | 175 | 99c | 40 | 605 bp |
| Sep 30, 2022 | $3.1B | 173 | 96c | 20 | 602 bp |
| Dec 31, 2021 | $4.8B | 155 | 107c | 22 | 586 bp |
| Dec 31, 2020 | $316M | 5 | n/a | 0 | n/a |
Each quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
Counted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.
What changed
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- PIK interest appearsJun 30, 2026
Largest facilities held, with co-lenders
- Middle Market Credit Fund, LLC unsecured or subordinated term loan1 BDC hold it · matures Dec 31, 2030$131M 95c
- Thor Bidco AB first lien term loan2 BDCs hold it · matures Jun 1, 2033$74.2M 96c
- Structured Credit Partners JV, LLC other3 BDCs hold it$69.4M 100c
- Spotless Brands, LLC first lien term loan16 BDCs hold it · matures Jul 25, 2028 · Access Holdings Management Company LLC$66.1M 100c
- Eltera Bidco AS first lien term loan2 BDCs hold it · matures May 12, 2033$61.4M 93c
- North Haven Fairway Buyer, LLC first lien term loan5 BDCs hold it · matures May 17, 2028$56.0M 100c
- Heartland Home Services, Inc first lien term loan8 BDCs hold it · matures Dec 15, 2026 · TJC LP$48.7M 98c
- Deerfield Dakota Holding, LLC first lien term loan25 BDCs hold it · matures Sep 13, 2032$47.9M 99c
- SPF Borrower, LLC first lien term loan3 BDCs hold it · matures Feb 1, 2028$47.7M 100c
- NMI Acquisitionco, Inc first lien term loan9 BDCs hold it · matures Sep 6, 2028$47.7M 100c
- Tank Holding Corp first lien term loan15 BDCs hold it · matures Mar 31, 2028$47.6M 92c
- Dwyer first lien term loan21 BDCs hold it · matures Jul 21, 2029$44.6M 100c
Schedule of investments at Jun 30, 2026
559 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| Middle Market Credit Fund, LLC | term loan unsecured or subordinated | $131M | $124M 95c | S+1760 bp | Dec 31, 2030 |
| Structured Credit Partners JV, LLC, Class B | unstated lien unstated | $69.4M | $69.4M 100c | S+1870 bp | |
| NMI AcquisitionCo, Inc. High Tech Industries | term loan first lien | $47.7M | $47.5M 100c | S+450 bp | Sep 6, 2028 |
| Spotless Brands, LLC | term loan first lien | $46.4M | $46.4M 101c | S+575 bp | Jul 25, 2028 |
| Merative L.P. Healthcare & Pharmaceuticals | term loan first lien | $41.0M | $41.0M 101c | S+450 bp | Sep 30, 2032 |
| Tufin Software North America, Inc. Software | term loan first lien | $38.4M | $38.4M 101c | S+493 bp | Aug 17, 2028 |
| Yellowstone Buyer Acquisition, LLC Consumer Goods: Durable | term loan first lien | $38.1M | $35.5M 94c | S+575 bp | Sep 13, 2027 |
| KBP Investments, LLC | term loan first lien | $35.9M | $35.3M 98c | S+525 bp | May 25, 2027 |
| Cority Software Inc. (Canada) Software | term loan first lien | $34.6M | $34.4M 101c | S+450 bp | Oct 31, 2032 |
| Ellkay, LLC Healthcare & Pharmaceuticals | term loan first lien | $35.7M | $34.2M 97c | S+300 bp PIK 3.50% | Sep 14, 2030 |
| Greenhouse Software, Inc. Software | term loan first lien | $32.8M | $32.4M 100c | S+575 bp | Sep 1, 2028 |
| AQA Acquisition Holdings, Inc. High Tech Industries | term loan second lien | $40.0M | $32.0M 81c | S+625 bp | Mar 3, 2029 |
| SPF Borrower, LLC | term loan first lien | $31.5M | $31.5M 100c | S+625 bp | Feb 1, 2028 |
| North Haven Fairway Buyer, LLC Consumer Services | term loan first lien | $31.2M | $31.0M 100c | S+500 bp | May 17, 2028 |
| Einstein Parent, Inc. Software | term loan first lien | $30.4M | $29.0M 98c | S+525 bp | Jan 22, 2031 |
| Ascend Buyer, LLC Containers, Packaging & Glass | term loan first lien | $28.7M | $28.6M 100c | S+525 bp | Sep 30, 2028 |
| Bamboo Health Holdings, LLC Healthcare & Pharmaceuticals | term loan first lien | $28.4M | $28.3M 100c | S+475 bp | May 6, 2028 |
| Dwyer Capital Equipment | term loan first lien | $28.3M | $28.3M 100c | S+475 bp | Jul 21, 2029 |
| Divisions Holding Corporation Business Services | term loan first lien | $27.4M | $27.4M 101c | S+450 bp | Apr 17, 2032 |
| SitusAMC Holdings Corporation Diversified Financial Services | term loan first lien | $27.5M | $27.3M 100c | S+550 bp | May 14, 2031 |
| Espresso Bidco Inc. Software | term loan first lien | $27.6M | $27.2M 100c | S+263 bp PIK 3.13% | Mar 25, 2032 |
| iCIMS, Inc. Software | term loan first lien | $28.2M | $26.9M 96c | S+575 bp | Aug 18, 2028 |
| QBS Parent, Inc. Energy: Oil & Gas | term loan first lien | $26.6M | $26.3M 99c | S+450 bp | Jun 3, 2032 |
| Deerfield Dakota Holding, LLC | term loan first lien | $26.0M | $25.5M 99c | S+300 bp PIK 2.75% | Sep 12, 2032 |
| LDS Intermediate Holdings, L.L.C. Transportation: Cargo | term loan first lien | $25.4M | $25.0M 99c | S+500 bp | Feb 7, 2032 |
| Cliffwater LLC Diversified Financial Services | term loan first lien | $24.8M | $24.7M 100c | S+450 bp | Apr 22, 2032 |
| North Haven Fairway Buyer, LLC Consumer Services | term loan first lien | $24.8M | $24.7M 100c | S+500 bp | May 17, 2028 |
| McQueen Bidco PTY LTD. (Australia) | term loan first lien | $24.5M | $24.7M 101c | S+450 bp | Nov 28, 2032 |
| Auctane, Inc. Transportation: Cargo | term loan first lien | $25.0M | $24.6M 100c | S+575 bp | Jun 1, 2033 |
| Integrity Marketing Group, LLC Diversified Financial Services | equity equity | n/a | $23.7M 99c | S+1050 bp | |
| Whitney Merger Sub, Inc. Leisure Products & Services | term loan first lien | $24.1M | $23.6M 99c | S+475 bp | Jul 3, 2032 |
| Pushpay USA Inc. Diversified Financial Services | term loan first lien | $23.4M | $23.3M 100c | S+375 bp | Aug 18, 2031 |
| Heartland Home Services, Inc. | term loan first lien | $23.4M | $23.0M 98c | S+600 bp | Dec 15, 2026 |
| Finastra USA, Inc. High Tech Industries | term loan first lien | $24.9M | $22.9M 93c | S+400 bp | Sep 17, 2032 |
| U.S. Legal Support, Inc. Business Services | term loan first lien | $23.1M | $22.9M 99c | S+525 bp | May 31, 2027 |
| VRC Companies, LLC Business Services | term loan first lien | $22.9M | $22.8M 100c | S+550 bp | Jun 29, 2027 |
| PXO Holdings I Corp. Chemicals, Plastics & Rubber | term loan first lien | $23.1M | $22.7M 99c | S+550 bp | Mar 8, 2028 |
| Apex Companies Holdings, LLC Environmental Industries | term loan first lien | $22.7M | $22.6M 100c | S+500 bp | Jan 31, 2030 |
| Tank Holding Corp. | term loan first lien | $24.8M | $22.6M 91c | S+575 bp | Mar 31, 2028 |
| PROS Parent, Inc. Transportation: Consumer | term loan first lien | $22.5M | $22.4M 100c | S+475 bp | Dec 9, 2032 |
| Hadrian Acquisition Limited (United Kingdom) | term loan first lien | $16.8M | $22.3M 101c | S+519 bp PIK 3.29% | Feb 28, 2029 |
| Celerion Buyer, Inc Healthcare & Pharmaceuticals | term loan first lien | $22.6M | $22.3M 100c | S+500 bp | May 8, 2033 |
| Allied Benefit Systems Intermediate LLC Healthcare & Pharmaceuticals | term loan first lien | $22.4M | $22.3M 100c | S+500 bp | Oct 31, 2030 |
| Accelya Lux FinCo S.Á.R.L. (Luxembourg) Transportation: Consumer | term loan first lien | $24.9M | $22.1M 90c | S+525 bp | Oct 3, 2032 |
| Horizon Avionics Buyer, LLC Aerospace & Defense | term loan first lien | $22.1M | $22.0M 100c | S+475 bp | Mar 28, 2032 |
| 1251 Insurance Distribution Platform Payco, LP Diversified Financial Services | term loan first lien | $21.6M | $21.5M 100c | S+450 bp | Mar 31, 2031 |
| Align Precision Group, LLC | term loan first lien | $21.4M | $21.4M 100c | S+675 bp PIK 100.00% | Jul 3, 2030 |
| Atlas US Finco, Inc. (1) High Tech Industries | term loan first lien | $21.3M | $21.4M 100c | S+450 bp | Dec 9, 2029 |
| OEI, Inc. Construction & Building | term loan first lien | $21.1M | $21.3M 102c | S+450 bp | Dec 29, 2032 |
| More Cowbell II, LLC Diversified Financial Services | term loan first lien | $21.3M | $21.3M 100c | S+450 bp | Sep 1, 2030 |
| Mindbody, Inc. Leisure Products & Services | term loan first lien | $21.5M | $21.1M 100c | S+600 bp | Mar 30, 2033 |
| Radwell Parent, LLC Wholesale | term loan first lien | $20.7M | $20.7M 101c | S+475 bp | Apr 1, 2030 |
| Apex Companies Holdings, LLC Environmental Industries | term loan first lien | $20.4M | $20.3M 100c | S+500 bp | Jan 31, 2030 |
| Associations, Inc. Construction & Building | term loan first lien | $20.1M | $20.1M 100c | S+650 bp | Jul 2, 2028 |
| SPF HoldCo LLC Healthcare & Pharmaceuticals | equity equity | n/a | $19.9M 96c | ||
| Deerfield Dakota Holding, LLC Diversified Financial Services | term loan first lien | $20.3M | $19.9M 99c | S+300 bp PIK 2.75% | Sep 12, 2032 |
| Iron Infinity Buyer Sub, Inc. Utilities: Oil & Gas | term loan first lien | $19.9M | $19.7M 99c | S+450 bp | Oct 16, 2032 |
| Bianalisi S.p.A. (Italy) Healthcare & Pharmaceuticals | term loan first lien | $17.4M | $19.7M 105c | S+600 bp | Feb 26, 2032 |
| IEM New Sub 2, LLC Energy: Electricity | term loan first lien | $19.7M | $19.6M 100c | S+475 bp | Dec 3, 2031 |
| Monarch Buyer, Inc. Business Services | term loan first lien | $19.9M | $19.6M 100c | S+475 bp | Jun 2, 2032 |
| AP Plastics Acquisition Holdings, LLC Chemicals, Plastics & Rubber | term loan first lien | $19.8M | $19.4M 99c | S+475 bp | Aug 10, 2030 |
| API Holdings III LLC Aerospace & Defense | term loan first lien | $19.6M | $19.3M 100c | S+550 bp | Jun 5, 2033 |
| BlueCat Networks, Inc. (Canada) High Tech Industries | term loan first lien | $19.2M | $18.9M 99c | S+550 bp | Aug 8, 2028 |
| ADPD Holdings, LLC Consumer Services | term loan first lien | $22.3M | $18.7M 87c | S+100 bp PIK 5.00% | Aug 16, 2028 |
| Businessolver.com, Inc. Business Services | term loan first lien | $18.9M | $18.6M 99c | S+450 bp | Dec 3, 2032 |
| World 50, Inc. Business Services | term loan first lien | $18.6M | $18.6M 101c | S+450 bp | Mar 22, 2030 |
| Onward Acquierco, Inc Software | term loan first lien | $18.7M | $18.5M 100c | S+238 bp PIK 2.68% | Apr 1, 2033 |
| SCHP Purchaser, INC Healthcare & Pharmaceuticals | term loan first lien | $18.6M | $18.5M 100c | S+450 bp | Oct 24, 2032 |
| Vensure Employer Services, Inc. Business Services | term loan first lien | $18.8M | $18.4M 100c | S+500 bp | Sep 27, 2031 |
| Pound Bidco Inc. (Canada) | term loan first lien | $18.1M | $18.0M 100c | S+525 bp | May 1, 2029 |
| Eliassen Group, LLC Business Services | term loan first lien | $18.7M | $17.9M 96c | S+575 bp | Apr 14, 2028 |
| Orbcomm Inc. Telecommunications | term loan first lien | $18.1M | $17.8M 100c | S+525 bp | Apr 27, 2032 |
| Tank Holding Corp. Capital Equipment | term loan first lien | $19.2M | $17.6M 92c | S+575 bp | Mar 31, 2028 |
| Hercules Borrower LLC Environmental Industries | term loan first lien | $17.7M | $17.5M 100c | S+475 bp | Dec 14, 2028 |
| Secretariat Advisors LLC Construction & Building | term loan first lien | $17.6M | $17.2M 98c | S+400 bp | Mar 1, 2032 |
| Blackbird Holdco, Inc. Capital Equipment | equity equity | n/a | $17.0M 100c | S+1250 bp PIK 100.00% | |
| Victors Purchaser, LLC High Tech Industries | term loan first lien | $17.0M | $16.9M 100c | S+450 bp | Dec 23, 2032 |
| Enverus, Inc. Energy: Oil & Gas | term loan first lien | $17.0M | $16.8M 100c | S+450 bp | Dec 18, 2032 |
| Denali Midco 2, LLC Consumer Services | term loan first lien | $16.9M | $16.8M 100c | S+550 bp | Dec 22, 2028 |
| CoreWeave Compute Acquisition Co. IV, LLC High Tech Industries | term loan first lien | $16.7M | $16.6M 100c | S+600 bp | May 22, 2029 |
| Trintech, Inc. Software | term loan first lien | $16.7M | $16.3M 100c | S+475 bp | Jan 29, 2033 |
| Dwyer Capital Equipment | term loan first lien | $16.3M | $16.3M 101c | S+475 bp | Jul 21, 2029 |
| SPF Borrower, LLC | term loan first lien | $16.2M | $16.2M 100c | S+950 bp PIK 100.00% | Feb 1, 2028 |
| GGG Midco, LLC Consumer Services | term loan first lien | $16.4M | $16.2M 100c | S+475 bp | Apr 1, 2033 |
| Diligent Corporation Telecommunications | equity equity | n/a | $15.9M 95c | S+1050 bp PIK 100.00% | |
| PDI TA Holdings, Inc Software | term loan first lien | $17.1M | $15.9M 93c | S+350 bp PIK 2.50% | Feb 1, 2031 |
| Hoosier Intermediate, LLC Healthcare & Pharmaceuticals | term loan first lien | $15.8M | $15.8M 101c | S+500 bp | Nov 15, 2028 |
| Specialty Pharma III, Inc. Healthcare & Pharmaceuticals | term loan first lien | $15.8M | $15.7M 100c | S+475 bp | Dec 23, 2032 |
| Advanced Web Technologies Holding Company Containers, Packaging & Glass | term loan first lien | $15.8M | $15.6M 99c | S+425 bp PIK 2.25% | Dec 17, 2027 |
| Excel Fitness Holdings, Inc. | term loan first lien | $15.9M | $15.6M 98c | S+475 bp | Apr 29, 2030 |
| Goose Borrower, L.P. Software | term loan first lien | $15.7M | $15.6M 100c | S+475 bp | Mar 2, 2033 |
| PPV Intermediate Holdings, LLC | term loan first lien | $15.8M | $15.5M 98c | S+575 bp | Aug 31, 2029 |
| Barnes & Noble, Inc. Retail | term loan first lien | $15.8M | $15.4M 99c | S+716 bp | May 7, 2030 |
| The Chartis Group, LLC Healthcare & Pharmaceuticals | term loan first lien | $15.4M | $15.4M 101c | S+425 bp | Sep 17, 2031 |
| Rialto Management Group, LLC Diversified Financial Services | term loan first lien | $15.3M | $15.1M 99c | S+500 bp | Dec 5, 2030 |
| Azurite Intermediate Holdings, Inc. Software | term loan first lien | $15.4M | $15.1M 99c | S+600 bp | Mar 19, 2031 |
| NFO Orange Buyer, LLC Construction & Building | term loan first lien | $15.0M | $14.9M 100c | S+450 bp | Jan 13, 2033 |
| Advanced Infusion Solutions Acquisition, LLC Healthcare & Pharmaceuticals | term loan first lien | $15.3M | $14.9M 100c | S+500 bp | Jun 4, 2032 |
| Rialto Management Group, LLC Diversified Financial Services | term loan first lien | $15.0M | $14.8M 100c | S+500 bp | Dec 5, 2030 |
| Holding Argon (France) | term loan first lien | $13.1M | $14.6M 100c | S+600 bp | Apr 16, 2032 |
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Registration
- Fiscal year end
- 1231reported
- Incorporated
- MDreported
- On the SEC BDC report
- 2013 to 2026reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Former names
- TCG BDC, INC.; Carlyle GMS Finance, Inc.reported
- Latest schedule
- 0001544206-26-000055reported