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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

BDC portfolio

S•••••• C•••••• I••••••••• C•••

BDCSCMCIK 1551901file 814-00971HOUSTON, TXmanaged by S•••••• C•••••• M••••••••• L••
Fair value
$973M
as of Jun 30, 2026
Principal held
$872M
debt pieces, the filer's figure
Cost
$978M
100c on cost
Unfunded
n/a
commitments not yet drawn
Positions
403
130 borrowers
First lien
0%
90% debt by fair value
Quarters on the tape
17
since Dec 31, 2021
Facilities held
292
22 sponsors financed
Portfolio through time
Fair value by quarter end$973M as of Jun 30, 2026
Dec 31, 2021$772M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$973M13096c33598 bp
Mar 31, 2026$998M12896c28602 bp
Dec 31, 2025$1.4B13797c39602 bp
Sep 30, 2025$1.0B13097c34605 bp
Jun 30, 2025$991M12697c32615 bp
Mar 31, 2025$991M12397c27615 bp
Dec 31, 2024$1.4B12899c33622 bp
Sep 30, 2024$909M11897c24708 bp
Jun 30, 2024$900M11197c22701 bp
Mar 31, 2024$876M10798c21693 bp
Dec 31, 2023$923M10697c20682 bp
Sep 30, 2023$708M9293c6659 bp
Jun 30, 2023$867M10494c15669 bp
Mar 31, 2023$877M9695c14665 bp
Dec 31, 2022$850M9395c11667 bp
Sep 30, 2022n/a97n/a5667 bp
Dec 31, 2021$772M8096c5677 bp

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
Every position change, including routine ones
Largest facilities held, with co-lenders
Schedule of investments at Jun 30, 2026
403 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
U••••• C••••••• H•••••••• L••, U••••• C••••••• LLCequity equityn/a$62,497
107c
R•••••••• O•••• L••, Priorityrevolver lien unstated$31,000$62,000
200c
12.50%Feb 7, 2028
C•••••• B••••• L•• C•••••• Holdings Partnershipequity equityn/a$60,392
127c
R•• A••••••• B•••••••• L••revolver lien unstated$58,596$58,596
100c
//stelluscapital.com/20260630#One Month Term Secured Overnight Financing Rate+550 bpAug 2, 2027
M••••••• A••••••••• L••revolver lien unstated$57,925$57,635
99c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+500 bpJun 7, 2031
R•••••••• O•••• L••delayed draw term loan lien unstated$98,473$57,607
59c
12.50%Feb 7, 2028
I••••••••• C••••••••• A••••••••• L••, International C••••••••• Holdings, LPequity equityn/a$54,797
52c
C•••••• P••••••• I••••••••• L••revolver lien unstated$54,070$54,070
100c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+675 bpFeb 7, 2027
E•••••• A•••••••• L••term loan lien unstatedn/a$52,887
87c
4.31%
PIK 4.31%
Jul 15, 2026
B••• a•• A•• A••••••••• L•• Bamp;A Partners Holding, LLCpreferred equity equity$35,585$50,621
117c
U•••• A••••••••• I••. U•••• Holdings, LLCpreferred equity equityn/a$50,112
46c
E••••• L••, E••••• Holdings LLCequity equity$1,014$49,075
48c
R•••••••• O•••• L••revolver lien unstated$83,115$48,622
58c
12.50%Feb 7, 2028
C•••••• 3•• A••••••••• L•• C•••••• 360 Investments, LLCpreferred equity equityn/a$44,317
160c
M•••••••• H••••••• L••equity equityn/a$42,363
87c
C••••• H•••••••• L••revolver lien unstated$40,570$40,570
100c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+550 bpDec 31, 2028
R•••••••• O•••• L••, Priorityrevolver lien unstated$20,223$40,446
200c
12.50%Feb 7, 2028
I•••••• B••••• L••revolver lien unstated$40,000$40,000
100c
//stelluscapital.com/20260630#One Month Term Secured Overnight Financing Rate+575 bpAug 15, 2028
R•••••••• O•••• L••, Priorityrevolver lien unstated$20,000$40,000
200c
12.50%Feb 7, 2028
R•• A••••••• B•••••••• L••, RIA Products Aggregatorequity equityn/a$39,195
57c
I••••• H••• S••••••• L••, I••••• Holdings Georgia LLCequity equityn/a$39,094
103c
U•••• A••••••••• I••.revolver lien unstated$40,000$39,000
98c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+525 bpDec 9, 2030
S•••••• H••••• P••••••• M••• L••delayed draw term loan lien unstated$37,406$37,032
100c
5.00%Mar 6, 2031
C•••••• P••••••• S•••••• S•••••••• L••revolver lien unstatedn/a$33,333
100c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+625 bpNov 22, 2027
A•• G•••• O•••, LLC, Priorityrevolver lien unstated$16,097$32,194
200c
5.00%
PIK 5.00%
Dec 31, 2027
A••• P••••••• Air L L Crevolver lien unstated$30,000$29,850
100c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+475 bpDec 31, 2030
M•••••• B••••••••• T••••••• L••, Convertible Promissorynotes lien unstated$29,835$29,835
100c
15.00%
PIK 15.00%
Jun 6, 2031
S••••• C•••••••• H••••••• L••revolver lien unstated$25,000$24,375
98c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+550 bpJan 9, 2031
C•••••• 3•• A••••••••• L••revolver lien unstated$24,804$23,688
96c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+850 bpAug 2, 2028
C•••••• P••••••• I••••••••• L••revolver lien unstated$23,656$23,656
100c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+675 bpFeb 7, 2027
N•••••• L•• Gauge N••••• Blocker LLCpreferred equity equityn/a$21,705
150c
N•••••• L••revolver lien unstated$20,000$20,000
100c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+600 bpOct 12, 2027
R•••••••• O•••• L••, Priorityrevolver lien unstated$10,000$20,000
200c
12.50%Feb 7, 2028
M••••••••-C••••• A•••••••••, Inc.revolver lien unstated$20,000$20,000
100c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+550 bpSep 2, 2027
A••• P••••••• Air L L Crevolver lien unstatedn/a$19,900
100c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+475 bpDec 31, 2030
V••••••••• P••••••••• L••, Interlock VS Investco, LPequity equity$18,605$18,605
100c
C•••••• P••••••• I••••••••• L••revolver lien unstated$18,587$18,587
100c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+675 bpFeb 7, 2027
S•••• S•••••• H•••••• L••revolver lien unstated$16,560$16,560
100c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+525 bpJun 6, 2030
C•••••• P••••••• I••••••••• L••revolver lien unstated$13,518$13,518
100c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+675 bpFeb 7, 2027
A•••• O••• L••revolver lien unstated$11,500$11,500
100c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+525 bpJul 1, 2028
E••••• L••, E••••• Holdings, LLCequity equity$314$10,482
1c
C•••••• P••••••• I••••••••• L••revolver lien unstated$10,138$10,138
100c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+675 bpFeb 7, 2027
S••••••••• L••revolver lien unstated$10,000$9,850
99c
5.00%Jan 27, 2031
O• R•• L••revolver lien unstated$10,000$9,830
98c
//stelluscapital.com/20260630#One Month Term Secured Overnight Financing Rate+550 bpApr 27, 2031
C••••• I••.revolver lien unstated$9,000$8,955
100c
//stelluscapital.com/20260630#One Month Term Secured Overnight Financing Rate+600 bpSep 1, 2026
P•• S•••••••• I••.revolver lien unstated$6,071$6,010
99c
//stelluscapital.com/20260630#Three Month Term Secured Overnight Financing Rate+600 bp
PIK 0.50%
Jun 30, 2027
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$3,220
29c
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$3,220
29c
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$3,220
29c
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$3,220
29c
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$3,220
29c
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$3,220
29c
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$3,220
29c
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$3,220
29c
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$3,220
29c
E••••• L••, E••••• Holdings LLCequity equity$28$940
2c
E•••••• A•••••••• L•• SP EA Holdings LLCterm loan lien unstated$82,021n/a
n/a
15.00%
PIK 15.00%
Dec 31, 2026
W••••• H••••••• L•equity equityn/an/a
n/a
V••••••• B••••• L•• V••••••• Holdings, LLCequity equityn/an/a
n/a
Dec 20, 2028
S•••••• T••••••• L••revolver lien unstatedn/an/a
N••••••/Hobbs Material Handling Corporation II, Inc. N•••••• Hobbs Holdings, L.P.equity equityn/an/a
N••••••/Hobbs Material Handling Corporation II, Inc. N•••••• Hobbs Holdings, L.P.equity equityn/an/a
n/a
J••• W••••••• L••preferred equity equityn/an/a
E• R••• E••••• S•••••••• L••term loan lien unstated$4.8Mn/a
n/a
15.00%Sep 3, 2026
E••••, LLC Gauge E•••• Coinvest, LLCequity equity$377,535n/a
n/a
Apr 29, 2028
DTE Holding Companyequity equityn/an/a
n/a
A••••••••• L••, A••••••••• I••••••••• H•••••preferred equity equityn/an/a
E• R••• E••••• S•••••••• L••, EH H•••••equity equityn/an/a
n/a
E• R••• E••••• S•••••••• L••term loan lien unstatedn/an/aSep 3, 2026
W••••• H••••••• L•equity equityn/an/a
n/a
D•• H•••••• C••••••• L••equity equityn/an/a
n/a
E•••••• A•••••••• L•• SP EA Holdings LLCequity equityn/an/a
n/a
A•• G•••• O•••, LLC ADS Group Topco, LLCequity equityn/an/a
n/a
L•••• L••••••• I••. SP L2 Holdings LLCequity equityn/an/a
L•••• L••••••• I••. SP L2 Holdings LLCequity equityn/an/a
n/a
A•• G•••• O•••, LLC ADS Group Topco, LLCequity equityn/an/a
S•••••• T••••••• L••, Trade Education Holdingsequity equityn/an/a
V••••••• B••••• L•• V••••••• Holdings, LLC Convertibleterm loan lien unstated$234,966n/a
n/a
10.00%Dec 20, 2028
C•••••••••, LLC C••••••••• Holdings, Inc.equity equityn/an/a
n/a
J••• W••••••• L••, J.R. W•••••• Ultimate Holdingsequity equityn/an/a
A••••••• B•••••• E•••••••••, LLC GP ABX Holdings Partnership, L.P.preferred equity equityn/an/a
n/a
W•••••••• R•••••••• H•••••••• L••, Priorityrevolver lien unstatedn/an/a
S•••••• T••••••• L••, S•••••• Ultiimate Holdingsequity equityn/an/a
n/a
I••••••••• B••• C•••••• L•• W•••••• P••••• H•••••• L••equity equityn/an/a
n/a
C••••••• C••• L•• C••••••• C••• H••••••• I••.equity equityn/an/a
n/a
A••••••• B•••••• E•••••••••, LLC GP ABX Holdings Partnershipunstated lien unstatedn/an/a
n/a
A•• G•••• O•••, LLC ADS Group Topco, LLCequity equityn/an/a
n/a
L•••• L••••••• I••. SP L2 Holdings LLCequity equityn/an/a
n/a
A•• G•••• O•••, LLC ADS Group Topco, LLCequity equityn/an/a
n/a
S••• I••••••••• L••, FCP-S••• Holdingsequity equityn/an/a
R•••••••• O•••• L••, R•••••••• Holdingsequity equityn/an/a
A••••• A••••••••• L•• Ad.Net Holdings, Inc. Series Aequity equityn/an/a
n/a
N••••••/Hobbs Material Handling Corporation II, Inc. N•••••• Hobbs Holdings, L.P.equity equityn/an/a
n/a
E• R••• E••••• S•••••••• L•• EH H•••••, LLCpreferred equity equityn/an/a
n/a
E• R••• E••••• S•••••••• L••term loan lien unstatedn/an/aSep 3, 2026
E• R••• E••••• S•••••••• L••term loan lien unstatedn/an/aSep 3, 2026
E• R••• E••••• S•••••••• L••term loan lien unstatedn/an/aSep 3, 2026
E• R••• E••••• S•••••••• L••revolver lien unstated$63,597n/a
n/a
15.00%Sep 3, 2026
W•••••••• R•••••••• H•••••••• L••equity equityn/an/a
F••••••••• B••••• L••, FCP-Connect Holdings LLCequity equityn/an/a
Page 4 of 5PreviousNext
Registration
Fiscal year end
1231reported
Incorporated
MDreported
On the SEC BDC report
2013 to 2026reported
Filings listed
19reported10-Q and 10-K since 2022
Latest schedule
0001104659-26-093435reported