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G•••• E•• C•••••• C••••
A business development company traded as GECC, GECCG, GECCH, GECCI, managed by G•••• E•• C•••••• M••••••••• L••, holding $272M across 65 borrowers at Jun 30, 2026.
Composed from this BDC's filings and its latest schedule of investments.
- Fair value
- $272M
- Borrowers
- 65
- Mark on cost
- 86.7¢
- First lien
- 51%
What matters now
- 83.8¢ → 86.7¢book mark on cost
Marked its book up from 83.8¢ to 86.7¢ on the dollar in the quarter to Jun 30, 2026.
Q2 2026 · The whole portfolio was marked up.
- 8 below 80¢$29.8M principal
8 positions across 7 borrowers marked below 80¢ on cost, $29.8M principal.
Q2 2026 · Marks this low usually come before non-accrual or a restructuring.
Derivedeach position's fair value over cost, 30 Jun 2026 - $403M → $272Mfair value, 4 quarters
Its portfolio shrank 32% at fair value over the last four quarters.
Q2 2026 · The book is shrinking.
Every headline figure, and the identifiersCIK 1675033 · file 814-01211ShowHide
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $272M | 65 | 87c | 11 | 622 bp |
| Mar 31, 2026 | $277M | 61 | 84c | 10 | 648 bp |
| Dec 31, 2025 | $387M | 68 | 89c | 10 | 687 bp |
| Sep 30, 2025 | $474M | 61 | 94c | 12 | 723 bp |
All 15 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2025 | $403M | 55 | 101c | 12 | 742 bp |
| Mar 31, 2025 | $684M | 58 | 99c | 9 | 610 bp |
| Dec 31, 2024 | $1.3B | 56 | 101c | 12 | 670 bp |
| Sep 30, 2024 | $963M | 62 | 101c | 8 | 707 bp |
| Jun 30, 2024 | $762M | 52 | 97c | 7 | 725 bp |
| Mar 31, 2024 | $814M | 53 | 98c | 5 | 754 bp |
| Dec 31, 2023 | $767M | 47 | 100c | 5 | 795 bp |
| Sep 30, 2023 | $709M | 91 | 100c | 5 | 702 bp |
| Jun 30, 2023 | $944M | 101 | 99c | 6 | 791 bp |
| Mar 31, 2023 | $923M | 113 | 99c | 5 | 721 bp |
| Dec 31, 2022 | $908M | 126 | 98c | 5 | 682 bp |
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
Full timeline · 20 eventsShow fewer
- Marked down (one lender)Jun 30, 2026
- PIK interest appearsJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New lender joined a facilityMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- G•••• E•• S•••••••• F••••••• L•• unsecured or subordinated notes1 BDC hold it · matures Jun 30, 2029$28.9M 100c
- F•••• B••••• G••••• L•• second lien term loan3 BDCs hold it · matures Mar 30, 2028$16.2M 0c
- C•••••••• C•••••• A••••••••• C•• I•• L•• first lien term loan4 BDCs hold it · matures May 16, 2030$12.0M 104c
- V•••• H•••••••• L•• second lien term loan1 BDC hold it · matures Feb 13, 2031$10.7M 102c
- M••••••• G••••• L•• first lien term loan1 BDC hold it · matures Jun 3, 2028$8.0M 16c
- T•• S•• D•••• U••••••••• L•• first lien term loan1 BDC hold it · matures Apr 22, 2029$8.0M 100c
- N• D•••• N••• E••••••••• L•• first lien term loan1 BDC hold it · matures Feb 4, 2029$7.0M 100c
- D•••• I••••••••• I•• first lien term loan1 BDC hold it · matures Sep 30, 2030$6.9M 98c
- A••••••• C•••••• I•••••••• C••• unsecured or subordinated notes1 BDC hold it · matures Dec 15, 2027$6.0M 127c
- F•••••• C••••• H•••••••• L• first lien term loan2 BDCs hold it · matures Aug 1, 2029$6.0M 11c
- I•••• U• H•••••••• I•• first lien term loan1 BDC hold it · matures Jul 31, 2029$5.8M 99c
- F•••••••• first lien term loan1 BDC hold it · matures Jun 30, 2027$5.8M 95c
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| P•• H••••••• C•••• F••• & S•••••• S••••••• C••••• Equity I•••••• | equity equity | $5,238 | $0 0c | ||
| A•••••• C•••••• S• A••••••• 2nd L•••,S•••••• B••• | term loan second lien | Not disclosed | Not disclosed | 8.25% | Oct 31, 2026 |
| R••••• B•••• I••• R••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+561 bp | |
| F••• T••••••••• L•• I••••••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+485 bp | |
| I••••••• r••• f•••• o• 0•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| T•• G•••• I••• C•••••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+575 bp | Nov 22, 2031 |
| L••••••••• i• E••••• o• N•• A••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| T••••••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| C•••••••• C•••••• A••••••••• C• I• L•• T••••••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+962 bp | |
| S•••••• S••••• I• L••• R••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+550 bp | |
| N•• W••••• E••••• | warrants equity | $1.1M | Not disclosed | ||
| D•••••• L•• ••• I•••••• H•••••••• I•••• I••••••• M•••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+576 bp | |
| V••••• •••• A••••••• H••••••• L••• R••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+525 bp | |
| H••••• G••• H••••••• L••• S••••••• S••••••• S•••••• L••• B | term loan lien unstated | Not disclosed | Not disclosed | S+703 bp | |
| B••• R••••• L•• F••• & S•••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+626 bp | |
| T••••••• L• C••••••• Services S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+410 bp | |
| O•••••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| S•••••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| F•••••••• E••••• | term loan first lien | Not disclosed | Not disclosed | S+810 bp | |
| M••••••• G••••• L•• C•••••• & G••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+750 bp | |
| P•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| P•••••• H••••••• I•• L•• E••••• Services S••••••• 1st L•••, S•••••• B••• | term loan first lien | Not disclosed | Not disclosed | S+751 bp | |
| P•••••••• L•• T••••••••• E•••••••• M••••••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+475 bp | |
| I••••••• r••• f•••• o• 8•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| I••••••• r••• f•••• o• 2•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| D•••••• L•• ••• I•••••• H•••••••• I•••• I••••••• M•••• S•••••• W••••••• I•••••• | warrants equity | $45,714 | Not disclosed | ||
| I••••••••• •••••• C•• S••••••••• C••••••• Services S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+426 bp | |
| M••••••••• A••••••••• S••• L•• C•••••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+590 bp | |
| I••••••• r••• f•••• o• 1•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| F•••••••• M•••• D•••••• ••••••• F• H•••••••• L••• D•••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+450 bp | |
| A••••••••• Financial Services S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+600 bp | |
| S••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| I•••• I••• C••••••• Services S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+500 bp | |
| E•••••••• T••••••••• C••• T••••••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+376 bp | |
| F•••• B•••••• I••• T••••••••• E•••••••• M••••••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+526 bp | |
| C•••••••• C•••••• A••••••••• C•• I•• L•• T••••••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+600 bp | |
| D•••••• L•• ••• I•••••• H•••••••• I•••• I••••••• M•••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+526 bp | |
| T••••• I••• M•••••••• Services S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+675 bp | |
| I••••••• r••• f•••• o• 2•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| T••••••• L• C••••••• Services S••••••• 2nd L•••, S•••••• L••• | term loan second lien | Not disclosed | Not disclosed | S+876 bp | |
| I••••••• r••• f•••• o• 0•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| I••••••• r••• f•••• o• 0•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| I••••••• r••• f•••• o• 1•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| T•• G•••• I•• C•••••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+575 bp | |
| F•••• B•••••• I••• T••••••••• E•••••••• M••••••••• S••••••• 2nd L•••, S•••••• L••• | term loan second lien | Not disclosed | Not disclosed | S+876 bp | |
| I••••••• r••• f•••• o• 1•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| F••• T••••••••• L•• I••••••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+575 bp | |
| F•••••• H••••••• C•••••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+551 bp | |
| F•• F••• L•• F••• & S•••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+325 bp | |
| M•• E••••• G•••••• L•• A•••••• S••••••• 1st L•••, S•••••• L••• | term loan first lien | Not disclosed | Not disclosed | S+700 bp | |
| A•••••••• C•••••••• S••••••• 2nd L•••, S•••••• L••• | term loan second lien | Not disclosed | Not disclosed | S+785 bp |
- Fiscal year end
- 1231reported
- Incorporated
- MDreported
- On the SEC BDC report
- 2018 to 2025reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Latest schedule
- 0001193125-26-335023reported