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••••• P•••• S•••••••• L•••••• F•••

BDCnon-tradedCIK 1646614file 814-01169GREENWICH, CTmanaged by S••••• P•••• S•••••••• C••••• F••• M••••••••• L••
Fair value
$1.1B
as of Jun 30, 2026
Principal held
$1.2B
debt pieces, the filer's figure
Cost
$1.2B
95c on cost
Unfunded
n/a
commitments not yet drawn
Positions
214
110 borrowers
First lien
94%
98% debt by fair value
Quarters on the tape
15
since Dec 31, 2021
Facilities held
181
21 sponsors financed
Portfolio through time
Fair value by quarter end$1.1B as of Jun 30, 2026
Dec 31, 2021$100M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$1.1B11097c22603 bp
Mar 31, 2026$1.2B10998c22605 bp
Dec 31, 2025$1.8B14698c0600 bp
Sep 30, 2025$1.1B11699c0609 bp
Jun 30, 2025$928M10999c0606 bp
Mar 31, 2025$4.6B10398c0657 bp
Dec 31, 2024$5.1B10599c0660 bp
Sep 30, 2024$4.6B10599c12667 bp
Jun 30, 2024$4.7B10799c12689 bp
Mar 31, 2024$4.7B9899c11697 bp
Dec 31, 2023$4.9B102101c12720 bp
Sep 30, 2023$6.2B1399c8741 bp
Jun 30, 2023$6.1B1098c7730 bp
Dec 31, 2022$7.3B7399c6698 bp
Dec 31, 2021$100M4n/a0n/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
Every position change, including routine ones
Largest facilities held, with co-lenders
Schedule of investments at Jun 30, 2026
214 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
W•••• A••••••• H••••••• I••unstated lien unstatedn/an/a
T• L••••••••• T••••unstated lien unstatedn/an/a
S•••••• 1• H••••••• L••unstated lien unstatedn/an/a
W•••• A••••••• H••••••• I••term loan first lienn/an/a
N••••••• D••••• C•••
H•••••care Providers & Services Rate S+12.10%, 1.00% Floor (S+12.10% PIK)
delayed draw term loan first lienn/an/aJul 31, 2026
T••••••••• 2 LLC
Software & Services Rate S+6.25%, 1.00% Floor (2.00% on unfunded)
revolver first lien$425,843n/a
n/a
SOFR+625 bpJun 7, 2028
T•••• F•••••• Sarlsubordinated debt unsecured or subordinatedn/an/a
S•••••• 1• H••••••• L••term loan first lienn/an/a
T• L••••••••• T••••unstated lien unstatedn/an/a
S•••••• 1• H••••••• L••term loan first lienn/an/a
P•••••• P•••• B••••••• L••unstated lien unstatedn/an/a
W•••• A••••••• H••••••• I••subordinated debt unsecured or subordinatedn/an/a
T•••• F•••••• G•••term loan first lienn/an/a
1••• M••••••••• H••••••, Mooresville, North Carolinaunstated lien unstatedn/an/a
Page 3 of 3Previous
Registration
Fiscal year end
1231reported
Incorporated
MDreported
On the SEC BDC report
2018 to 2022reported
Filings listed
13reported10-Q and 10-K since 2022
Former names
S••••• P•••• S•••••••• Credit Fund, L.P.reported
Latest schedule
0001193125-26-337440reported