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BDC portfolio

C•••••• C••••• S••••••••• I•••

Fair value
$2.8B
as of Jun 30, 2026
Principal held
$2.8B
debt pieces, the filer's figure
Cost
$2.8B
98c on cost
Unfunded
$474M
commitments not yet drawn
Positions
480
224 borrowers
First lien
89%
94% debt by fair value
Quarters on the tape
15
since Dec 31, 2022
Facilities held
414
30 sponsors financed
Portfolio through time
Fair value by quarter end$2.8B as of Jun 30, 2026
Dec 31, 2022$2.1B then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$2.8B22497c51524 bp
Mar 31, 2026$2.6B21698c47524 bp
Dec 31, 2025$2.8B210100c42543 bp
Sep 30, 2025$2.4B16699c41546 bp
Jun 30, 2025$2.2B15798c35550 bp
Mar 31, 2025$2.0B14697c28569 bp
Dec 31, 2024$6.0B16697c92572 bp
Sep 30, 2024$1.7B13398c18588 bp
Jun 30, 2024$1.7B12598c18610 bp
Mar 31, 2024$1.8B13398c18612 bp
Dec 31, 2023$3.5B13196c43619 bp
Sep 30, 2023$1.8B12996c16646 bp
Jun 30, 2023$1.9B13296c14646 bp
Mar 31, 2023$2.0B13197c13649 bp
Dec 31, 2022$2.1B13197c15640 bp

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
480 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
D•••••••• D••••• H••••••• L••term loan first lien$46.4M$45.4M
99c
S+300 bp
PIK 2.75%
Sep 12, 2032
C••••• S••••••• I••. (Canada)
S•••••••
term loan first lien$44.8M$44.5M
100c
S+450 bpOct 31, 2032
M••••••• L.P.
H•••••care & P•••••ceuticals
term loan first lien$41.0M$41.0M
101c
S+450 bpSep 30, 2032
I•••••• L••••••••• F•••••• S•• R••. (L•••••••••)
Leisure Products & Services
term loan first lien$35.4M$40.4M
95c
S+450 bp
PIK 5.50%
May 28, 2027
C••••••••• LLC
Diversified Financial Services
term loan first lien$36.1M$35.9M
100c
S+450 bpApr 22, 2032
N•••• H•••• F•••••• B••••• L••
Consumer Services
term loan first lien$35.2M$35.0M
100c
S+500 bpMay 17, 2028
I••• I••••••• B•••• S••• I••.
Utilities: Oil & Gas
term loan first lien$34.8M$34.2M
99c
S+450 bpOct 16, 2032
E•••••• L••
H•••••care & P•••••ceuticals
term loan first lien$35.7M$34.2M
97c
S+300 bp
PIK 3.50%
Sep 14, 2030
W•••••• M••••• S••• I••.
Leisure Products & Services
term loan first lien$34.1M$33.4M
99c
S+475 bpJul 3, 2032
S••••••• B•••••• L••term loan first lien$32.9M$32.9M
101c
S+575 bpJul 25, 2028
G••••••••• S•••••••• I••.
S•••••••
term loan first lien$32.8M$32.4M
100c
S+575 bpSep 1, 2028
S•••••• B••••• L••
Consumer Services
term loan first lien$32.7M$32.4M
100c
S+500 bpDec 19, 2031
T•••• S••••••• N•••• A••••••• I••.
S•••••••
term loan first lien$30.1M$30.1M
101c
S+493 bpAug 17, 2028
H•••••••• H••• S•••••••• I••.term loan first lien$30.5M$30.0M
99c
S+600 bpDec 15, 2026
E••••••• P•••••• I••.
S•••••••
term loan first lien$30.4M$29.0M
97c
S+525 bpJan 22, 2031
S•••••••• P••••• I••• I••.
H•••••care & P•••••ceuticals
term loan first lien$28.8M$28.7M
100c
S+475 bpDec 23, 2032
D••••
Capital Equipment
term loan first lien$28.4M$28.4M
101c
S+475 bpJul 21, 2029
B••••• H••••• H•••••••• L••
H•••••care & P•••••ceuticals
term loan first lien$28.4M$28.3M
100c
S+475 bpMay 6, 2028
S••••••• H••••••• C•••••••••
Diversified Financial Services
term loan first lien$27.5M$27.3M
100c
S+550 bpMay 14, 2031
O•••••• Inc.
Telecommunications
term loan first lien$27.4M$27.1M
100c
S+525 bpApr 27, 2032
i••••• I••.
S•••••••
term loan first lien$28.4M$27.1M
96c
S+575 bpAug 18, 2028
B•• H••••••• I•• C•••.
Construction & Building
term loan first lien$28.4M$26.0M
92c
S+275 bp
PIK 3.25%
Mar 31, 2028
B•••••• N•••••••, Inc. (Canada)
High Tech Industries
term loan first lien$26.3M$25.8M
99c
S+550 bpAug 8, 2028
M•••••• B••••• I••.
Business Services
term loan first lien$25.8M$25.3M
99c
S+475 bpJun 2, 2032
V•••••• E••••••• S•••••••• I••.
Business Services
term loan first lien$25.1M$24.7M
99c
S+500 bpSep 27, 2031
A••••••, Inc.
Transportation: Cargo
term loan first lien$25.0M$24.6M
100c
S+575 bpJun 1, 2033
J••••••••• P•••••• I••.
S•••••••
term loan first lien$24.0M$23.8M
100c
S+475 bpJan 30, 2033
O••• I••.
Construction & Building
term loan first lien$23.4M$23.7M
103c
S+450 bpDec 29, 2032
I•••••••• M•••••••• Group, LLC
Diversified Financial Services
preferred equity equityn/a$23.7M
99c
S+1050 bp
L•• I••••••••• H•••••••, L.L.C.
Transportation: Cargo
term loan first lien$23.8M$23.3M
99c
S+500 bpFeb 7, 2032
A• P••••••• A••••••••• H•••••••• L••
Chemicals, P••••••• & Rubber
term loan first lien$23.7M$23.2M
98c
S+475 bpAug 10, 2030
P••• P•••••• I••.
Transportation: Consumer
term loan first lien$23.0M$22.9M
100c
S+475 bpDec 9, 2032
B••• B•••••• P••••••••• I••.
H•••••care & P•••••ceuticals
term loan first lien$23.2M$22.9M
100c
S+475 bpJan 16, 2033
T••• H•••••• C•••.term loan first lien$24.7M$22.5M
92c
S+575 bpMar 31, 2028
Q•• P•••••• I••.
Energy: Oil & Gas
term loan first lien$22.5M$22.1M
99c
S+450 bpJun 3, 2032
T•• C•••••• G••••• L••
H•••••care & P•••••ceuticals
term loan first lien$22.1M$22.1M
101c
S+425 bpSep 17, 2031
F•••••• S••••••• L••term loan first lien$22.4M$21.8M
98c
S+450 bpAug 15, 2032
A••• H•••••••• L••
Consumer Services
term loan first lien$25.7M$21.6M
85c
S+100 bp
PIK 5.00%
Aug 16, 2028
1••• I•••••••• D••••••••• P••••••• P••••• L•
Diversified Financial Services
term loan first lien$21.6M$21.5M
100c
S+450 bpMar 31, 2031
C••••••• B••••• I••.
H•••••care & P•••••ceuticals
term loan first lien$21.6M$21.4M
100c
S+500 bpMay 8, 2033
A•••• P•••••••• G••••• L••unstated lien unstatedn/a$21.4M
A•••• P•••••••• G••••• L••term loan first lien$21.4M$21.4M
100c
S+675 bp
PIK 100.00%
Jul 3, 2030
A••• C•••••••• Holdings, LLC
Environmental Industries
term loan first lien$21.4M$21.2M
101c
S+500 bpJan 31, 2030
M•••••••• I••.
Leisure Products & Services
term loan first lien$21.5M$21.1M
100c
S+600 bpMar 30, 2033
U••• L•••• S••••••• I••.
Business Services
term loan first lien$20.8M$20.7M
99c
S+525 bpMay 31, 2027
P•••• B•••• Inc. (Canada)term loan first lien$20.0M$19.9M
100c
S+525 bpMay 1, 2029
E••••••• G••••• L••
Business Services
term loan first lien$20.8M$19.9M
96c
S+575 bpApr 14, 2028
E••••••• B•••• Inc.
S•••••••
term loan first lien$20.1M$19.8M
100c
S+263 bp
PIK 3.13%
Mar 25, 2032
B•••••••• S••••. (Italy)
H•••••care & P•••••ceuticals
term loan first lien$17.4M$19.7M
106c
S+600 bpFeb 26, 2032
I•• N•• S•• 2• L••
Energy: Electricity
term loan first lien$19.7M$19.6M
100c
S+475 bpDec 3, 2031
A••••• B•••••• S•••••• I••••••••• L••
H•••••care & P•••••ceuticals
term loan first lien$19.4M$19.3M
100c
S+500 bpOct 31, 2030
A••••••• W•• T••••••••• H•••••• C••••••
Containers, Packaging & Glass
term loan first lien$18.9M$18.7M
99c
S+425 bp
PIK 2.25%
Dec 17, 2027
D•••••••• H•••••• C•••••••••
Business Services
term loan first lien$18.6M$18.6M
101c
S+450 bpApr 17, 2032
W•••• 5•• I••.
Business Services
term loan first lien$18.6M$18.6M
102c
S+450 bpMar 22, 2030
B••••••••• I••.
Business Services
term loan first lien$18.9M$18.6M
99c
S+450 bpDec 3, 2032
S••• P••••••••• I••term loan first lien$18.6M$18.4M
100c
S+450 bpOct 24, 2032
U•• B•••• L••
Environmental Industries
term loan first lien$18.5M$18.4M
101c
S+225 bp
PIK 2.75%
Dec 4, 2032
P•• I••••••••• H•••••••• L••term loan first lien$18.6M$18.2M
98c
S+575 bpAug 31, 2029
G•• M••••• L••
Consumer Services
term loan first lien$18.4M$18.2M
100c
S+475 bpApr 1, 2033
R••••• M••••••••• G••••• L••
Diversified Financial Services
term loan first lien$18.3M$18.1M
99c
S+500 bpDec 5, 2030
M••••••••• F••••• I••.
S•••••••
term loan first lien$18.1M$17.9M
100c
S+550 bpMar 5, 2033
H••••••• B••••••• L••
Environmental Industries
term loan first lien$17.7M$17.5M
100c
S+475 bpDec 14, 2028
V•••••• P••••••••• L••
High Tech Industries
term loan first lien$17.2M$17.2M
100c
S+450 bpDec 23, 2032
T•••••••• I••.
S•••••••
term loan first lien$16.7M$16.3M
99c
S+475 bpJan 29, 2033
T• I•••••• I••••••••• Inc.
S•••••••
term loan first lien$16.4M$16.1M
100c
S+625 bpJun 12, 2031
A••••••••• I••.
Construction & Building
term loan first lien$16.0M$16.0M
100c
S+650 bpJul 2, 2028
M••• C•••••• I•• L••
Diversified Financial Services
term loan first lien$15.9M$15.9M
100c
S+450 bpSep 1, 2030
H•••••• A••••••••• L•••••• (United Kingdom)term loan first lien$12.0M$15.9M
103c
S+519 bp
PIK 3.29%
Feb 28, 2029
H•••••• I••••••••• L••
H•••••care & P•••••ceuticals
term loan first lien$15.8M$15.8M
101c
S+500 bpNov 15, 2028
U• I•••• S••• B••••• L••
Environmental Industries
term loan first lien$50.5M$15.7M
31c
S+100 bp
PIK 5.75%
Jun 13, 2028
S•••••• B••••• L••
Leisure Products & Services
term loan first lien$15.8M$15.6M
100c
S+450 bpJul 3, 2032
G•••• B•••••••, L.P.
S•••••••
term loan first lien$15.7M$15.6M
100c
S+475 bpMar 2, 2033
B••••• • N••••• I••.
Retail
term loan first lien$15.8M$15.4M
99c
S+716 bpMay 7, 2030
A••••••• I••••••• S•••••••• A••••••••• L••
H•••••care & P•••••ceuticals
term loan first lien$15.3M$14.9M
100c
S+500 bpJun 4, 2032
H•••••• A•••• (France)term loan first lien$13.1M$14.6M
100c
S+600 bpApr 16, 2032
D••••• I••••••••• Holdings, Inc.
Media: Broadcasting & Subscription
term loan first lien$14.6M$14.4M
100c
S+550 bpAug 26, 2032
S•••••••• H•••••• L••term loan first lien$17.9M$14.4M
81c
S+600 bpJul 22, 2027
P•• H•••••• I••.term loan second lien$15.1M$14.4M
96c
S+550 bp
PIK 2.00%
Oct 28, 2028
D•••• M•••• S••••••. (United Kingdom)
Media: Diversified & Production
term loan first lien$12.6M$14.3M
107c
S+500 bpOct 25, 2031
A••••• B••••• L••
Containers, Packaging & Glass
term loan first lien$13.7M$13.6M
100c
S+525 bpSep 30, 2028
A•• H••••••• I•• LLC
Aerospace & Defense
term loan first lien$13.5M$13.3M
100c
S+550 bpJun 5, 2033
H••••••••• I•••••••• A•••••• I••.
Diversified Financial Services
term loan first lien$13.4M$13.3M
100c
S+450 bpJun 11, 2031
A•••••• Lux FinCo S.Á.R.L. (L•••••••••)
Transportation: Consumer
term loan first lien$14.9M$13.2M
90c
S+525 bpOct 3, 2032
E••••••, Inc.
Energy: Oil & Gas
term loan first lien$13.1M$12.9M
99c
S+450 bpDec 18, 2032
R••••••• B••••• L••
Capital Equipment
term loan first lien$12.9M$12.6M
98c
S+475 bpDec 27, 2031
C•••• Aggregator Co, LLC
Containers, Packaging & Glass
preferred equity equityn/a$12.5M
101c
C•••••••• C•••••• A••••••••• C•• I•• L••
High Tech Industries
term loan first lien$12.6M$12.4M
100c
S+600 bpMay 22, 2029
M••••••••• M•••••••• I••.
H•••••care & P•••••ceuticals
term loan first lien$12.1M$12.1M
101c
S+250 bp
PIK 2.25%
Apr 30, 2032
R••••• C•••.
Containers, Packaging & Glass
term loan first lien$12.0M$12.0M
100c
S+450 bpDec 19, 2031
N•• O••••• B••••• L••
Construction & Building
term loan first lien$12.0M$11.9M
100c
S+450 bpJan 13, 2033
W••••••••• L••term loan first lien$18.6M$11.8M
64c
S+625 bp
PIK 100.00%
Dec 29, 2028
R•••••• P•••••• L••
Wholesale
term loan first lien$11.8M$11.8M
101c
S+475 bpApr 1, 2030
P••••• L•• L••
H•••••care & P•••••ceuticals
term loan first lien$12.0M$11.7M
98c
S+475 bpMay 12, 2030
A•••• U• F••••• I••.
High Tech Industries
term loan first lien$11.6M$11.6M
101c
S+450 bpDec 9, 2029
O••••• A••••••••• I••.
S•••••••
term loan first lien$11.7M$11.6M
100c
S+238 bp
PIK 2.68%
Apr 1, 2033
A•• A••••••••• H•••••••• I••.
High Tech Industries
term loan second lien$14.4M$11.5M
80c
S+625 bpMar 3, 2029
T••••••• L•••••• P•••••••••
Consumer Services
term loan second lien$13.0M$11.5M
89c
S+850 bpNov 2, 2028
G••••• (France)
Leisure Products & Services
term loan first lien$10.0M$11.5M
106c
S+575 bp
PIK 1.75%
May 14, 2031
K••• B••••• L••
H•••••care & P•••••ceuticals
term loan first lien$11.4M$11.4M
101c
S+450 bpJul 23, 2031
B•••••••• H•••••, Inc.
Capital Equipment
preferred equity equityn/a$11.4M
100c
S+1250 bp
PIK 100.00%
Page 1 of 5Next
Registration
Fiscal year end
1231reported
Incorporated
MDreported
On the SEC BDC report
2019 to 2026reported
Filings listed
19reported10-Q and 10-K since 2022
Former names
TCG BDC II, Inc.reported
Latest schedule
0001702510-26-000084reported