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L•••• R•••• F•••••• C••••
Business development companymanaged by M•••• L•••• M•••••••••Non-tradedLatest schedule Mar 31, 2025· NEW YORK, NY
A non-traded business development company, managed by M•••• L•••• M•••••••••, holding $678M across 74 borrowers at Mar 31, 2025.
Composed from this BDC's filings and its latest schedule of investments.
As of · the latest schedule of investments read for this BDC
- Fair value
- $678M
- Borrowers
- 74
- Mark on cost
- 86.8¢
- First lien
- 34%
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
As of · the latest schedule of investments read for this BDC
Nothing material in the last 200 days. Last change: 31 Mar 2025, 8 positions across 7 borrowers marked below 80¢ on cost, $36.4M principal.
Every headline figure, and the identifiersCIK 1571329 · file 814-01022ShowHide
Fair value
$678M
as of Mar 31, 2025
Principal held
$190M
debt pieces, the filer's figure
Cost
$790M
87c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
Positions
134
74 borrowers
First lien
34%
44% debt by fair value
Quarters on the tape
11
since Dec 31, 2021
Facilities held
0
0 sponsors financed
Portfolio through time
Fair value by quarter end$758M as of Mar 31, 2025
Dec 31, 2021$99.3M then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Mar 31, 2025 | $758M | 74 | 87c | 5 | 652 bp |
| Dec 31, 2024 | $819M | 77 | 88c | 8 | 649 bp |
| Sep 30, 2024 | $784M | 72 | 90c | 6 | 653 bp |
| Sep 10, 2024 | Not disclosed | 1 | n/a | 0 | n/a |
All 13 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2024 | $897M | 72 | 92c | 5 | 652 bp |
| Mar 31, 2024 | $897M | 73 | 94c | 4 | 654 bp |
| Dec 31, 2023 | $924M | 72 | 94c | 2 | 654 bp |
| Sep 30, 2023 | $832M | 68 | 93c | 5 | 662 bp |
| Jun 30, 2023 | $914M | 73 | 94c | 7 | 625 bp |
| Mar 31, 2023 | $813M | 57 | 94c | 7 | 614 bp |
| Dec 31, 2022 | $1.7B | 72 | 95c | 12 | 612 bp |
| Jun 30, 2022 | Not disclosed | 1 | n/a | 0 | n/a |
| Dec 31, 2021 | $99.3M | 8 | n/a | 0 | 617 bp |
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
- New borrower on a BDC scheduleMar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down (one lender)Mar 31, 2025
- Marked down (one lender)Mar 31, 2025
Full timeline · 20 eventsShow fewer
- Marked down (one lender)Mar 31, 2025
- Spread increasedMar 31, 2025
- Spread increasedMar 31, 2025
- Marked down (one lender)Mar 31, 2025
- New borrower on a BDC scheduleMar 31, 2025
- New lender joined a facilityDec 31, 2024
- New borrower on a BDC scheduleDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Marked down (one lender)Dec 31, 2024
- Marked down (one lender)Dec 31, 2024
- Marked down (one lender)Dec 31, 2024
- Marked down (one lender)Dec 31, 2024
- PIK interest appearsDec 31, 2024
Schedule of investments at Dec 31, 2023
144 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| V•• H•••••••• I••• | term loan second lien | $509,000 | $509,000 | ||
| V•• H•••••••• I••• D••• P••••••••• • D•••••• M•••••••• | term loan second lien | $509,000 | $509,000 104c | ||
| P••••• D••••••••• L•• H••••••••• | term loan first lien | $490,000 | $483,000 101c | S+650 bp | Oct 20, 2029 |
| B••••••• I••••••••• I••• C••••••• D••••••••• | term loan first lien | $496,000 | $482,000 99c | S+575 bp | Oct 21, 2027 |
| L•••• B••••• L•• C••••••• D••••••••• | subordinated debt unsecured or subordinated | $2.6M | $473,000 21c | May 29, 2028 | |
| G•••• L•••• F•••••• I• L•• • S••••• A• F••••••••• | unstated lien unstated | Not disclosed | $450,000 102c | ||
| G•••• L•••• F•••••• I• L•• | unstated lien unstated | Not disclosed | $450,000 | ||
| I••••••••• i• A••••••••• P•••••••• C•••••••• J•••• V••••••• | unstated lien unstated | Not disclosed | $450,000 102c | ||
| G•••• L•••• F•••••• I• L•• S••••• A• | unstated lien unstated | Not disclosed | $450,000 | ||
| S•••• S••••• S••••••••• H•••••••• I••• F••••••••• | term loan first lien | $450,000 | $361,000 92c | 9.00% | Sep 20, 2027 |
| M•• H•••••••• L•• M•••••• D••••• D••••••••• | term loan second lien | $400,000 | $352,000 88c | Jun 28, 2024 | |
| M•• H•••••••• L•• | term loan second lien | Not disclosed | $352,000 | Jun 28, 2024 | |
| L•••• B••••• L•• •••••••• S••••• O••• C••••••• D••••••••• | term loan first lien | $366,000 | $350,000 96c | S+765 bp | Oct 2, 2029 |
| A••••••• A•••••• H•••••••• L•• H••••••••• | equity equity | Not disclosed | $345,000 | ||
| T•••••• G•••• H••••••• L•••••• | revolver first lien | $383,000 | $344,000 94c | S+716 bp | Feb 28, 2029 |
| C••••••••• L••• O••••••••• J•• C••••• A••••••• C•• I• L••• Structured finance (CLO) | unstated lien unstated | Not disclosed | $293,000 100c | 22.05% | Jul 17, 2029 |
| J•• C••••• A••••••• C•• I• L••• Structured finance (CLO) | term loan lien unstated | Not disclosed | $293,000 | ||
| G•••••••• I••••••••• L•• | unstated lien unstated | Not disclosed | $269,000 | ||
| F•••••• E••••••••• L•• E••••••••• M•••••• R••••• | equity equity | Not disclosed | $245,000 135c | ||
| U•••• U••• B••••• L••••••••• L•• • C•••• A• T•••••• L••••••••• | preferred equity equity | $500 | $238,000 44c | ||
| U•••• M••••••••• L•• G•••••• I••••••••• | preferred equity equity | $740,237 | $212,000 28c | ||
| G•••••••• I••••••••• L•• S••••• A• | unstated lien unstated | Not disclosed | $200,000 | ||
| U•••• G•••••••• I••••••••• L•• • S••••• A• I••••••••• | preferred equity equity | Not disclosed | $200,000 100c | ||
| L•••• B••••• L•• •••••••• F•••• O••• C••••••• D••••••••• | term loan first lien | $184,000 | $186,000 103c | S+765 bp | Oct 2, 2028 |
| M•••• G••••• C••••••••• | warrants equity | Not disclosed | $139,000 114c | ||
| U•••• A••••••• A•••••• H•••••••• L•• H••••••••• | preferred equity equity | $102,261 | $136,000 | ||
| D••• P••• a•• S•••• L•• H••••••••• | equity equity | Not disclosed | $97,000 100c | ||
| G•••••••• I••••••••• L•• • S••••• M•• I••••••••• | equity equity | Not disclosed | $69,000 100c | ||
| G•••••••• I••••••••• L•• S••••• M•• | unstated lien unstated | Not disclosed | $69,000 | ||
| S•••• S••••• S••••••••• H•••••••• I••• | warrants equity | Not disclosed | $58,000 89c | ||
| V•• S•••• O••• L•• •••• P••• a•• S•••• L••• | revolver first lien | $48,000 | $47,000 102c | S+800 bp | Jun 14, 2028 |
| D••••••• L•• | revolver first lien | $39,000 | $35,000 103c | S+700 bp | Dec 23, 2028 |
| B••••••• I••• | revolver first lien | $45,000 | $27,000 60c | S+425 bp | Jul 1, 2027 |
| A•••••••• P••••••• L•• | revolver first lien | Not disclosed | -$2,000 7c | S+625 bp | Aug 31, 2028 |
| M•••• G••••• C••••••••• | revolver first lien | Not disclosed | -$14,000 88c | S+800 bp | Oct 26, 2026 |
| C••••••• N•••• S•••••••• L•• | revolver first lien | Not disclosed | -$15,000 150c | S+650 bp | Oct 30, 2026 |
| B••••••• I••••••••• I••• | revolver first lien | Not disclosed | -$25,000 192c | S+575 bp | Oct 21, 2026 |
| M•• H•••••••• L•• M•••••• D••••• D••••••••• | equity equity | Not disclosed | Not disclosed | ||
| S••••• H••••••• H••••••• C••••••••• | term loan second lien | Not disclosed | Not disclosed | Sep 12, 2023 | |
| M•• H•••••••• L•• C••••• | equity equity | Not disclosed | Not disclosed | ||
| U••• B••••• L••••••••• L•• • C•••• C• T•••••• L••••••••• | equity equity | Not disclosed | Not disclosed n/a | ||
| R•• P••••••• L•• | term loan first lien | Not disclosed | Not disclosed | S+500 bp | Jan 4, 2024 |
| W••••• E••••••••• G••••• L•• | revolver first lien | Not disclosed | Not disclosed n/a | S+600 bp | Oct 2, 2027 |
| R•• P••••••• L•• | term loan first lien | Not disclosed | Not disclosed | S+500 bp | Jan 4, 2024 |
Page 2 of 2Previous
Registration
- Fiscal year end
- 1231reported
- Incorporated
- unknownreported
- On the SEC BDC report
- 2013 to 2025reported
- Filings listed
- 14reported10-Q and 10-K since 2022
- Former names
- Capitala Finance Corp.reported
- Latest schedule
- 0000950170-25-066912reported