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W••••••••• F••••••• I•••

Business development companymanaged by W••••••••• A•••••••• L••Listed: WHF, WHFCL· Miami, FL

A business development company traded as WHF, WHFCL, managed by W••••••••• A•••••••• L••, holding $909M across 114 borrowers at Jun 30, 2026.

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

Fair value
$909M
Schedule of investments, 10-Q and 10-K
Borrowers
114
Schedule of investments, 10-Q and 10-K
Mark on cost
98.7¢
Schedule of investments, 10-Q and 10-K
First lien
83%
Schedule of investments, 10-Q and 10-K
As of · the latest schedule of investments read for this BDC

What matters now

  1. $7.56M
    on non-accrual, 1 borrower

    1 borrower on non-accrual, $7.56M principal; the largest is P••••••••• G•••• L•• ($7.56M).

    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 P••••••••• G•••• L••
  2. 7 below 80¢
    $37.3M principal

    7 positions across 4 borrowers marked below 80¢ on cost, $37.3M principal.

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

    Derivedeach position's fair value over cost, 30 Jun 2026
Every headline figure, and the identifiersCIK 1552198 · file 814-00967Show
Fair value
$909M
as of Jun 30, 2026
Principal held
$894M
debt pieces, the filer's figure
Cost
$934M
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
Positions
250
114 borrowers
First lien
83%
96% debt by fair value
Quarters on the tape
18
since Dec 31, 2020
Facilities held
226
27 sponsors financed
Portfolio through time
Fair value by quarter end$932M as of Jun 30, 2026
Dec 31, 2020$82.7M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$932M11499c22601 bp
Mar 31, 2026$891M11198c26607 bp
Dec 31, 2025$1.2B11899c30607 bp
Sep 30, 2025$931M11697c26622 bp
All 18 quarters
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2025$981M12198c28627 bp
Mar 31, 2025$983M12198c36655 bp
Dec 31, 2024$1.3B12198c45671 bp
Sep 30, 2024$994M12399c39693 bp
Jun 30, 2024$1.0B11998c37699 bp
Mar 31, 2024$1.0B11598c41707 bp
Dec 31, 2023$1.3B12196c41688 bp
Sep 30, 2023$1.1B11197c36702 bp
Jun 30, 2023$1.1B11198c34701 bp
Mar 31, 2023$1.1B11298c30684 bp
Dec 31, 2022$1.2B11198c27644 bp
Sep 30, 2022$1.1B10199c25691 bp
Dec 31, 2021$1.1B10699c26697 bp
Dec 31, 2020$82.7M4n/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, 2022
241 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
W•• S••• O•••term loan unsecured or subordinated$80.0M$80.0M
100c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+650 bp
F••••• P•••••• T••••••••• L•term loan first lien$22.9M$22.8M
100c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+825 bpDec 7, 2026
A••••••••• O•••••• G•••• L••term loan first lien$21.6M$21.0M
99c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+750 bpFeb 23, 2028
S•••• O••• L••term loan first lien$20.8M$20.2M
99c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+650 bpNov 7, 2030
W•• S••• O•••term loan unsecured or subordinatedNot disclosed$20.2M
W•• S••• O•••term loan unsecured or subordinated$20.0M$20.2M
101c
M••••• D••••• M•••• 2•term loan first lien$19.1M$19.1M
101c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+650 bpJul 1, 2025
B••• M••••• L••term loan first lien$19.2M$18.5M
97c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+750 bpJun 10, 2024
A•••••• M••••• L••term loan first lien$19.6M$17.8M
92c
SOFR+750 bp
PIK 3.75%
Mar 16, 2027
F•• A••••••••• C•••• ••••• F••••••••• G•••• S•••term loan first lien$16.4M$15.9M
100c
SOFR+700 bp
PIK 0.50%
Oct 29, 2026
T••••••••• H••••••• C•••••••••term loan first lien$15.8M$15.8M
101c
SOFR+925 bpJun 7, 2028
T••••••• B•••• L••term loan first lien$20.6M$14.9M
92c
//www.whitehorsefinance.com/20231231#Canadian Dollar Offered Rate+600 bpJul 27, 2027
S••••• C••• H•••••••• L•••term loan first lien$15.1M$14.9M
100c
SOFR+650 bpJul 30, 2027
G•• L•••• S•••••• L••term loan first lien$20.1M$14.5M
94c
//www.whitehorsefinance.com/20231231#Canadian Dollar Offered Rate+650 bpDec 21, 2026
T••• C•• C••• H•••••••term loan first lien$14.4M$14.4M
100c
//fasb.org/us-gaap/2023#Base Rate+798 bpDec 31, 2024
P•••••••• G••••• I••term loan first lien$14.2M$14.2M
101c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+825 bpJul 3, 2024
D••• F••• C•••••••• I••term loan first lien$14.3M$14.1M
100c
SOFR+675 bpNov 5, 2025
P•••• S•••••• G•••• C• A••••••••• I••delayed draw term loan first lien$14.1M$13.8M
99c
LIBOR+625 bpJun 25, 2026
P•• C• A••••••••• I••term loan first lien$14.1M$13.8M
99c
LIBOR+625 bpJun 25, 2026
P•••• S•••••• G•••• C• A••••••••• I••term loan first lien$14.1M$13.8M
99c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+625 bpJun 25, 2026
A••• I••term loan first lien$13.8M$13.5M
99c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+650 bpNov 12, 2026
M••••• M••••• L••term loan first lien$13.4M$13.4M
101c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+600 bpDec 31, 2026
A•• M••••• L••term loan first lien$13.4M$13.3M
100c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+650 bpNov 25, 2024
L•• H•••••••• I•••term loan first lien$13.5M$13.2M
99c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+650 bpApr 30, 2026
L•• H•••••••• I••term loan first lien$13.5M$13.2M
99c
//www.whitehorsefinance.com/20230930#London Interbank Offered Rate+650 bpApr 30, 2026
M••• B•••• L•••term loan first lien$12.3M$12.9M
94c
//www.whitehorsefinance.com/20231231#Euro Interbank Offered Rate+600 bpNov 1, 2027
M••• B•••• L•••term loan first lien$12.3M$12.9M
94c
//www.whitehorsefinance.com/20230630#Euro Interbank Offered Rate+600 bpNov 1, 2027
E••••••••• L••term loan first lien$13.1M$12.7M
98c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+700 bp
PIK 0.50%
Sep 15, 2027
B•• B••••• L••term loan first lien$12.7M$12.5M
99c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+900 bp
PIK 1.00%
Aug 28, 2025
P• D••••• N•• J••••• P•••••• L••term loan first lien$13.5M$12.4M
93c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+900 bp
PIK 0.75%
Nov 25, 2025
P•••••••• H••• c• L••term loan first lien$14.6M$12.1M
100c
SOFR+575 bpAug 1, 2029
A•••• P••••••••• I••term loan second lien$15.0M$12.0M
82c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+900 bpMay 7, 2029
J••• H••••••• C•••term loan first lien$11.9M$11.9M
100c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+650 bpJan 31, 2030
E••••• O•••••• I••term loan first lien$11.8M$11.7M
100c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+675 bpApr 12, 2024
I••••••••• S•••••••• S••••••• U•• L••term loan first lien$11.9M$11.6M
99c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+625 bpDec 31, 2026
H• S•••• H•••••••• I••term loan first lien$11.5M$11.5M
102c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+650 bpSep 30, 2026
C••• F••••••• S••••••• H•••••••• L••term loan first lien$11.8M$11.3M
98c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+650 bpNov 16, 2027
Q•••• E•••••• L••term loan first lien$11.8M$11.3M
96c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+600 bpSep 30, 2027
I••••••• B••••• B•••••• I••term loan first lien$11.5M$11.2M
98c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+700 bpDec 30, 2025
J•••••• L••••••••• H••••••• L••term loan first lien$11.3M$11.1M
99c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+600 bpDec 29, 2026
L•••• • L••••••• L••term loan first lien$11.2M$10.9M
98c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+833 bp
PIK 1.71%
May 15, 2023
R••• A••••••••• L•••term loan first lien$11.2M$10.9M
99c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+625 bpDec 31, 2026
N•• S•••••••• L••term loan first lien$11.3M$10.8M
97c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+675 bpAug 28, 2028
M••••••••• M••••••••• L••term loan first lien$11.1M$10.7M
98c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+625 bpJul 12, 2028
T•• K•••• C••••••• L••term loan first lien$11.3M$10.4M
93c
SOFR+700 bp
PIK 0.50%
Oct 6, 2026
C••••••••• E•••••• I••term loan first lien$10.5M$10.4M
101c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+725 bpOct 12, 2026
B••••••••• H••••••••• L••term loan first lien$10.4M$10.2M
99c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+775 bpOct 5, 2026
L•••••••• I••••••••• H•••••• L••term loan first lien$10.5M$10.1M
100c
SOFR+750 bpDec 27, 2027
J• C•••••• P••••••• L••term loan first lien$10.3M$10.1M
100c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+700 bpJan 26, 2027
T••• B••• C•• W•••• L••term loan first lien$9.9M$9.9M
101c
SOFR+688 bpOct 17, 2024
C••••• H••••••• L•••••••term loan first lien$9.5M$9.9M
101c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+625 bpMay 4, 2026
L••• S••••••• L•••term loan first lien$10.0M$9.9M
100c
//www.whitehorsefinance.com/20230630#London Interbank Offered Rate+625 bpFeb 24, 2026
L••• S••••••• L•••term loan first lien$10.0M$9.9M
100c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+625 bpFeb 24, 2026
H•• M••••••••• L•••term loan first lien$9.7M$9.4M
99c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+625 bpOct 19, 2026
H••••• H•••••••• L••term loan first lien$9.4M$9.3M
99c
SOFR+712 bpSep 6, 2024
M•• H••••••• L••term loan first lien$9.5M$9.3M
100c
SOFR+750 bpOct 13, 2027
I•• S•••• G••••• L••term loan first lien$9.2M$9.0M
100c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+575 bpDec 15, 2026
E•••••••• A••••••••• C•• I•••term loan first lien$8.9M$8.7M
99c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+550 bpJun 23, 2027
A•••• L••term loan first lien$8.9M$8.6M
99c
SOFR+888 bpFeb 10, 2027
R••• S••••• S•••••••• I•••term loan first lien$8.6M$8.4M
99c
SOFR+650 bpMar 18, 2025
N••• L••••• C••••term loan first lien$8.9M$8.3M
95c
SOFR+650 bpJan 21, 2027
A••••••• C•••••• L•term loan first lien$9.6M$8.2M
87c
//www.whitehorsefinance.com/20230930#London Interbank Offered Rate+850 bpMay 28, 2026
A••••••• C•••••• L• P•••••••term loan first lien$9.6M$8.2M
87c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+850 bpMay 28, 2026
M•• S••••••••• I••••term loan first lien$8.2M$8.1M
100c
SOFR+650 bpSep 29, 2028
B•• B•••••term loan first lien$8.2M$7.9M
99c
SOFR+625 bpFeb 1, 2027
C•••••• T••••••••• B••••••••• G•••• L••term loan first lien$8.0M$7.8M
98c
SOFR+650 bpDec 30, 2026
M•• I••••••••• S•••••••• I••term loan first lien$7.8M$7.6M
99c
SOFR+775 bpApr 24, 2026
W• L••••• C••••term loan first lien$7.5M$7.5M
101c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+559 bpDec 26, 2024
P•••••• C•••••• I••term loan first lien$8.4M$7.3M
96c
SOFR+550 bpJun 1, 2029
P•••••• H••••••• L•••term loan first lien$7.2M$7.0M
99c
SOFR+725 bp
PIK 1.50%
Jun 28, 2025
S••••• I•••term loan first lien$6.6M$6.9M
100c
//www.whitehorsefinance.com/20231231#Euro Interbank Offered Rate+625 bpApr 28, 2028
P••••••••• M•••••• W•••••term loan first lien$6.9M$6.8M
100c
SOFR+625 bpMar 8, 2027
M••••••••• A••••••••• S•• L••term loan first lien$7.9M$6.7M
89c
SOFR+575 bpDec 1, 2026
C••••••• P••••••• a•• E••••••••• L••term loan first lien$7.1M$6.7M
96c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+650 bpMar 31, 2027
T•••• B••••• I••term loan first lien$7.2M$6.6M
99c
SOFR+600 bpMay 31, 2029
S•••• H•••••••• I••term loan first lien$7.4M$6.5M
90c
Prime+875 bp
PIK 2.00%
May 13, 2023
P•• H•••••• I••term loan first lien$8.9M$6.5M
95c
//www.whitehorsefinance.com/20231231#Canadian Dollar Offered Rate+600 bpDec 17, 2026
P•• H•••••• I••term loan first lien$8.9M$6.5M
95c
//www.whitehorsefinance.com/20230930#Canadian Dollar Offered Rate+600 bpDec 17, 2026
A••••• H•••••• C••••••••• S•••••unstated lien unstatedNot disclosed$6.4M
92c
A••••• H•••••• C•••••••••equity equityNot disclosed$6.4M
T•••••••• S•••••••••term loan first lien$6.1M$6.0M
99c
SOFR+600 bpSep 2, 2026
L••••• B•••• H•••••••• I••term loan first lien$5.9M$5.9M
101c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+650 bpJun 4, 2026
L••• B•••••• I••term loan first lien$5.6M$5.5M
100c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+750 bpSep 30, 2026
L•• L••••••••• L••term loan first lien$5.5M$5.5M
101c
SOFR+725 bpDec 31, 2025
L•• L••••••••• L••delayed draw term loan first lien$5.1M$5.1M
100c
SOFR+725 bpDec 31, 2025
S•••• R••••••• H•••••••• L••term loan first lien$5.2M$5.0M
100c
SOFR+750 bpDec 2, 2027
L••• H•••••••• I••term loan second lien$5.0M$4.8M
98c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+800 bpDec 16, 2029
E••••• O•••••• I••delayed draw term loan first lien$4.8M$4.8M
100c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+675 bpApr 12, 2024
G••• W•••• I••••••••• A••••••••• L•• ••••• G••• W•••• I••••••••• I••••term loan first lien$4.9M$4.7M
100c
SOFR+700 bpDec 18, 2028
H•••••••• I••••••••• L••term loan first lien$4.9M$4.6M
96c
SOFR+875 bpSep 21, 2026
H••••• H•••••••• L••delayed draw term loan first lien$4.6M$4.6M
99c
SOFR+700 bpSep 6, 2024
U• M••••••• M•••• L•• ••••• U• M••••••• L•••term loan first lien$4.7M$4.6M
100c
SOFR+775 bp
PIK 12.17%
Dec 20, 2027
S•••••••• M••••• L••term loan first lien$4.7M$4.5M
100c
SOFR+750 bpNov 4, 2027
T••• B••• C•• W•••• L••delayed draw term loan first lien$4.2M$4.2M
102c
SOFR+650 bpOct 17, 2024
F••••••••• B•••• G••••• L••term loan second lien$5.2M$3.8M
75c
SOFR+650 bpJan 8, 2026
S•••• C•••••••••warrants equity$22,000$3.8M
131c
Dec 28, 2025
S••••• • C•••••• L•••term loan first lien$3.9M$3.7M
97c
SOFR+875 bp
PIK 2.00%
Dec 16, 2025
S••••••• I••••term loan first lien$3.7M$3.7M
101c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+650 bpAug 13, 2025
S•••••••• M••••• L••delayed draw term loan first lien$3.6M$3.6M
100c
SOFR+750 bpNov 4, 2027
I•• B•••• I•••term loan first lien$3.6M$3.5M
101c
//www.whitehorsefinance.com/20231231#London Interbank Offered Rate+600 bpJun 14, 2027
Page 1 of 3Next
Registration
Fiscal year end
1231reported
Incorporated
DEreported
On the SEC BDC report
2013 to 2026reported
Filings listed
19reported10-Q and 10-K since 2022
Former names
W••••••••• F••••••, LLCreported
Latest schedule
0001104659-26-093465reported