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I••••••••• C••••• M••••••••• B••• I•••
A business development company traded as ICMB, managed by C• I••••••••• P•••••••• L••, holding $136M across 13 borrowers at Jun 30, 2026.
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
- $136M
- Borrowers
- 13
- Mark on cost
- 97.7¢
- First lien
- 82%
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
What matters now
- 3 below 80¢$9.95M principal
3 positions across 1 borrower marked below 80¢ on cost, $9.95M principal.
Q2 2026 · Marks this low usually come before non-accrual or a restructuring.
Derivedeach position's fair value over cost, 30 Jun 2026 - 96.4¢ → 97.7¢book mark on cost
Marked its book up from 96.4¢ to 97.7¢ on the dollar in the quarter to Jun 30, 2026.
Q2 2026 · The whole portfolio was marked up.
- $207M → $155Mfair value, 4 quarters
Its portfolio shrank 25% at fair value over the last four quarters.
Q2 2026 · The book is shrinking.
Every headline figure, and the identifiersCIK 1578348 · file 814-01054ShowHide
Fair value
$136M
as of Jun 30, 2026
Principal held
$121M
debt pieces, the filer's figure
Cost
$161M
98c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
Positions
56
13 borrowers
First lien
82%
82% debt by fair value
Quarters on the tape
16
since Jun 30, 2021
Facilities held
22
4 sponsors financed
Portfolio through time
Fair value by quarter end$155M as of Jun 30, 2026
Jun 30, 2021$22.6M then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $155M | 13 | 98c | 10 | 568 bp |
| Mar 31, 2026 | $174M | 15 | 96c | 11 | 576 bp |
| Dec 31, 2025 | $205M | 15 | 98c | 9 | 569 bp |
| Sep 30, 2025 | $200M | 20 | 98c | 4 | 552 bp |
All 16 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2025 | $207M | 17 | 99c | 7 | 553 bp |
| Mar 31, 2025 | $968M | 18 | 100c | 11 | 583 bp |
| Dec 31, 2024 | $1.1B | 18 | 99c | 17 | 595 bp |
| Sep 30, 2024 | $737M | 15 | 96c | 13 | 600 bp |
| Jun 30, 2024 | $1.3B | 19 | 95c | 35 | 622 bp |
| Mar 31, 2024 | $745M | 15 | 93c | 11 | 648 bp |
| Dec 31, 2023 | $797M | 15 | 91c | 12 | 635 bp |
| Sep 30, 2023 | $855M | 15 | 91c | 9 | 612 bp |
| Jun 30, 2023 | $1.9B | 20 | 91c | 28 | 633 bp |
| Mar 31, 2023 | $840M | 16 | 93c | 7 | 640 bp |
| Jun 30, 2022 | $915M | 15 | 85c | 3 | 652 bp |
| Jun 30, 2021 | $22.6M | 2 | n/a | 0 | 560 bp |
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
- Maturity shortened (observed)Jun 30, 2026
- PIK interest increasedDec 31, 2025
- Maturity extended (observed)Jun 30, 2025
- PIK interest increasedMar 31, 2025
- Maturity extended (observed)Mar 31, 2025
Full timeline · 20 eventsShow fewer
- PIK interest increasedDec 31, 2024
- New borrower on a BDC scheduleDec 31, 2024
- Maturity shortened (observed)Dec 31, 2024
- New lender joined a facilityDec 31, 2024
- Marked down (one lender)Sep 30, 2024
- Maturity extended (observed)Sep 30, 2024
- PIK interest increasedJun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- New borrower on a BDC scheduleJun 30, 2024
- New borrower on a BDC scheduleJun 30, 2024
- PIK interest appearsDec 31, 2023
- Spread increasedDec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- Maturity extended (observed)Dec 31, 2023
- Maturity extended (observed)Sep 30, 2023
Largest facilities held, with co-lenders
- s• first lien term loan1 BDC hold it · matures May 28, 2032$117M 98c
- s• first lien revolver1 BDC hold it · matures Nov 6, 2028$1.2M 100c
- 4• T••••••••• I•• preferred equity1 BDC hold itNot disclosed 142c
- P•••••• warrants1 BDC hold itNot disclosed 140c
- F••••• C••••••• I•• warrants2 BDCs hold it · possible sponsor B••••••• P••••••• M••••••••• L••Not disclosed n/a
- V•••••• C•• B••••• L•• warrants1 BDC hold itNot disclosed 176c
- A••••••• N••••••• O••• I• L•• warrants1 BDC hold it · possible sponsor S••••• L••• T••••••••• M••••••••• L••Not disclosed 87c
- A••••••• N•••• L•• equity1 BDC hold it · possible sponsor G•••• C••••••Not disclosed n/a
- C••••• A•••• L•• equity2 BDCs hold it · possible sponsor B••••••• P••••••• M••••••••• L••Not disclosed n/a
- T••••••••• F•••••• H••••• L• preferred equity1 BDC hold itNot disclosed 4c
- 4• T••••••••• I•• warrants1 BDC hold itNot disclosed 0c
- D•••••••• B••••••••• H•••••• L•• preferred equity1 BDC hold it · possible sponsor G•••••• A••••••• I• L•••••Not disclosed n/a
Schedule of investments at Jun 30, 2023
220 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| F••••• C•••••• I••• • B••••••• | warrants equity | $89,046 | $133,720 | ||
| F••••• C•••••• I••• • I••••••• | warrants equity | $89,046 | $133,720 | ||
| F••••• C••••••• I••• • B••••••• | warrants equity | $89,046 | $133,720 | ||
| F••••• C••••••• I••• • I••••••• | warrants equity | $89,046 | $133,720 | ||
| F••••• C••••••• I••• • I••••••• IT Services | warrants equity | $89,046 | $133,720 | ||
| 4• T••••••••• I•• | warrants equity | $149,918 | $95,947 4c | ||
| 4• T••••••••• I••• | warrants equity | $149,918 | $95,947 4c | ||
| 4• T••••••••• I••• E••••••••• E••••••••, I••••••••• & C••••••••• | warrants equity | $149,918 | $95,947 4c | ||
| F•••••••• I••••••••• C••••••••• IT Services | warrants equity | $4,405 | $38,722 39c | ||
| F•••••••• I••••••••• C••••••••• | warrants equity | $4,405 | $38,722 39c | ||
| s• E•••••••• N•••• A•••••• A••••••••• L•• | revolver first lien | $211,107 | $20,794 10c | S+675 bp | Aug 13, 2026 |
| 1••• I••••••••• S•••••••• L•• | warrants equity | $11,881 | $0 | ||
| F••••• C•••••• I••• • E••••• I••••••• | warrants equity | $13,457 | $0 | ||
| F••••• C••••••• I•• • E••••• I••••••• | warrants equity | $13,457 | $0 | ||
| 1••• I••••••••• S•••••••• L•• | equity equity | Not disclosed | $0 | ||
| A••••••••• A••••••••• L•• | warrants equity | $62 | $0 0c | ||
| L••••••••• i• e••••• o• o•••• a••••• | unstated lien unstated | Not disclosed | -$132M | ||
| 1••• I••••••••• S•••••••• L•• E••••• E•••••••• & Services | warrants equity | $11,881 | Not disclosed | ||
| F••••• C••••••• I•• • E••••• I••••••• IT Services | warrants equity | $13,457 | Not disclosed | ||
| A••••••••• A••••••••• L•• C••••••••• Services & S••••••• | warrants equity | $62 | Not disclosed n/a |
Page 3 of 3Previous
Registration
- Fiscal year end
- 1231reported
- Incorporated
- MDreported
- On the SEC BDC report
- 2015 to 2026reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Former names
- CM Finance Increported
- Latest schedule
- 0001193125-26-352658reported