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

M••••• C•••••• I••••• P••• C•••

BDCnon-tradedCIK 1742313file 814-01301CHICAGO, ILmanaged by M• A•••••••
Fair value
$6.0B
as of Jun 30, 2026
Principal held
$6.6B
debt pieces, the filer's figure
Cost
$6.0B
98c on cost
Unfunded
$925M
commitments not yet drawn
Positions
1,343
291 borrowers
First lien
86%
92% debt by fair value
Quarters on the tape
19
since Dec 31, 2021
Facilities held
714
50 sponsors financed
Portfolio through time
Fair value by quarter end$6.0B as of Jun 30, 2026
Dec 31, 2021$21.6M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$6.0B29198c131584 bp
Mar 31, 2026$5.7B28698c113574 bp
Dec 31, 2025$6.2B29398c113582 bp
Sep 30, 2025$5.4B28199c101588 bp
Jun 30, 2025$5.1B265100c97596 bp
Mar 31, 2025$4.5B250100c98608 bp
Dec 31, 2024$8.2B246100c214621 bp
Sep 30, 2024$3.7B222100c85639 bp
Jun 30, 2024$3.4B218100c75651 bp
Mar 31, 2024$2.8B214101c65651 bp
Dec 31, 2023$6.7B212100c155660 bp
Sep 30, 2023$2.0B180100c58662 bp
Jun 30, 2023$1.8B174100c49656 bp
Mar 31, 2023$1.6B157101c51666 bp
Dec 31, 2022$3.0B158101c92655 bp
Sep 30, 2022$23.0M6n/a0n/a
Jun 30, 2022$10.5M5n/a0n/a
Mar 31, 2022$9.9M2n/a0n/a
Dec 31, 2021$21.6M4n/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
1,343 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
S••••• P••••••••• E••••••••• L••revolver first lien$1.5M$638,000
100c
S+636 bpApr 25, 2029
F• P•••••• I••••••••• L••delayed draw term loan first lien$3.3M$624,000
100c
S+475 bpJan 23, 2032
A••••••• N••••••• O••• I• L••term loan first lien$732,000$620,000
91c
S+600 bp
PIK 5.00%
Mar 3, 2030
C••••••• D••• H•••••••• I••.term loan first lien$625,000$616,000
99c
S+500 bpDec 20, 2030
D•••••• H•••••••• I••.equity equity$0$606,000
97c
S•••• H•••••••• I••.term loan first lien$680,000$606,000
92c
S+625 bp
PIK 4.25%
Jun 15, 2029
O•• A••••••••• L••revolver first lien$3.4M$602,000
92c
S+475 bpApr 17, 2032
S•••• H•••••••• I••.term loan first lien$665,000$593,000
92c
S+625 bp
PIK 4.25%
Jun 25, 2029
S••••• P••••••••• E••••••••• L••delayed draw term loan first lien$7.4M$592,000
101c
S+625 bpApr 25, 2029
P•••••• B••••• L••equity equity$0$587,000
101c
I• • P• H••••••• C••••••• L••preferred equity equity$0$575,000
37c
B••••••••• I••.preferred equity equity$0$563,000
100c
PIK 9.00%
K• M••• A••••••••• L•• (Equity)equity equity$0$551,000
46c
K•• C•••••••• B•••••••• L•• (Units)equity equity$0$543,000
98c
L••••• T••••• H•••••••• L••equity equity$0$541,000
148c
e••••••• I••. and Conexiom US Inc.delayed draw term loan first lien$1.6M$541,000
99c
S+685 bpDec 29, 2028
A••••• I••.revolver first lien$588,000$540,000
92c
S+615 bpNov 1, 2026
R•••••• E••••••• S••••••• B••••• I••.revolver first lien$2.7M$536,000
100c
S+525 bpAug 6, 2030
P••••••• I••.term loan first lien$530,000$530,000
99c
S+626 bpJun 28, 2028
F••••• B••••• L••equity equity$0$527,000
269c
F••••• B••••• L••equity equity$0$525,000
105c
PIK 8.00%
L•••• W••• D••••• M••••••••• L••term loan first lien$524,000$525,000
102c
S+550 bpJun 29, 2029
S•••• C••• W•••• L••revolver first lien$1.6M$523,000
99c
S+550 bpFeb 5, 2030
S••••••••• L••equity equity$0$522,000
I•••••••• L••revolver first lien$965,000$514,000
100c
S+450 bpDec 22, 2027
A••••••• C•••••••• H••••• I••.term loan first lien$875,000$511,000
98c
S+11 bp
PIK 3.76%
Dec 31, 2026
S•••• B••••••••• L••term loan first lien$511,000$507,000
99c
S+550 bpJul 8, 2027
A•••• A• H•••••••• L••delayed draw term loan first lien$975,000$500,000
103c
S+610 bpAug 20, 2026
N••• A••••••••• L••revolver first lien$2.4M$468,000
99c
S+500 bpMar 1, 2030
I•••••••• L••delayed draw term loan first lien$764,000$468,000
100c
S+565 bpDec 22, 2027
S•••• B••••••••• L••equity equity$0$466,000
119c
F••••• D•••••• M••••• L••term loan first lien$498,000$460,000
92c
S+761 bp
PIK 1.00%
Nov 1, 2027
N•••• P•••••••• L••revolver first lien$4.6M$458,000
100c
S+500 bpDec 4, 2031
S••••••• I••.term loan first lien$457,000$452,000
100c
S+710 bpOct 22, 2028
B••••••••• I••.equity equity$0$436,000
2565c
A•••• I••.delayed draw term loan first lien$4.4M$430,000
100c
S+525 bpDec 19, 2030
C•••••••• H•••••••, L.L.C.equity equity$0$420,000
74c
N•• E••••• I••.preferred equity equity$0$401,000
96c
PIK 8.00%
H••••• A••••••••• L••delayed draw term loan first lien$6.1M$400,000
101c
S+475 bpNov 7, 2030
V•••••• P••••••• L••term loan first lien$401,000$388,000
101c
S+750 bp
PIK 11.26%
Dec 31, 2026
V•••••• P••••••• L••revolver first lien$821,000$381,000
102c
S+961 bpDec 31, 2026
R••••••• I••••••••• L••revolver first lien$3.0M$380,000
100c
S+350 bpMay 16, 2031
S••••••••• M•••• M•••• L••equity equity$0$379,000
147c
S•• E•• C••• H•••••• L••revolver first lien$1.4M$361,000
100c
S+585 bpOct 5, 2029
S••••••••• M•••• M•••• L••term loan unsecured or subordinated$881,000$345,000
40c
S+676 bpMar 30, 2029
K•• W••• H•••••••• L••equity equity$0$333,000
100c
A•••• I••••••••• H•••••• L••equity equity$0$325,000
98c
Aras Corporation (Revolver) | Senior Secured Loansrevolver first lien$1.1M$318,000
100c
S+500 bpApr 13, 2029
V••• B••••• I••.equity equity$0$314,000
35c
C•••••• M••••••• L••equity equity$0$309,000
S•••• H•••••••• I••.revolver first lien$614,000$307,000
91c
S+575 bpJun 15, 2029
L••••••••• S•• I•• L••term loan first lien$377,000$300,000
91c
S+1086 bp
PIK 14.51%
Dec 31, 2026
I••• P•••••• L••equity equity$0$298,000
77c
C••••••••• C••••••• L••delayed draw term loan first lien$1.1M$287,000
100c
S+650 bpApr 21, 2030
B•• O••• L••term loan unsecured or subordinated$2.5M$280,000
16c
PIK 7.50%
Dec 31, 2027
I•••••••• L••equity equity$0$268,000
64c
O•• A••••••••• L••delayed draw term loan first lien$1.6M$263,000
92c
S+475 bpApr 17, 2032
R••••• H•••••••• I••.revolver first lien$2.3M$256,000
100c
S+500 bpNov 1, 2029
F•••• R•••••••• L••revolver first lien$1.9M$253,000
100c
S+515 bp
PIK 8.87%
Mar 25, 2029
G•• M•••• H•••••••• L••revolver first lienn/a$250,000
94c
S+500 bpApr 17, 2031
N• P• P•••••• C•••••••• M•••• I••.equity equity$0$249,000
17c
S•••• W•••••••• I••.preferred equity equity$0$242,000
98c
IMMEC B•••• (Revolver) | Senior Secured Loansrevolver first lien$2.1M$212,000
100c
S+500 bpAug 13, 2031
R•••• S•••••••• L••revolver first lien$1.2M$204,000
100c
S+500 bpAug 15, 2031
P•••••• R•••••• L••••.preferred equity equity$0$198,000
100c
D••••• A••••••••• I••.equity equity$0$195,000
527c
A•••• I••••••••• H•••••• L••delayed draw term loan first lienn/a$181,000
99c
S+636 bpDec 4, 2027
R••••••• H••••• G••••• L••equity equity$0$179,000
559c
X••••• P••••••••• I••.equity equity$0$172,000
112c
PIK 8.00%
S••••••••• M•••• M•••• L••delayed draw term loan first lien$194,000$170,000
99c
S+576 bpMar 30, 2029
P••• H•••••• C•••term loan first lien$1.0M$169,000
19c
S+940 bp
PIK 2.75%
Feb 17, 2027
N•• E••••• I••.equity equity$0$167,000
3340c
T•••• E••••• I••.equity equity$0$157,000
119c
C••• P••••••••• L••delayed draw term loan first lien$709,000$154,000
99c
S+550 bpFeb 28, 2030
S•• C••• S•••••••• L••term loan first lien$148,000$141,000
95c
S+585 bpDec 30, 2027
A••••• Y•••• (USA) Inc.term loan unsecured or subordinated$642,000$140,000
27c
S+776 bpMar 12, 2029
A••••••• B•••••••• a•• T••••••••• C•••••• L••revolver first lien$1.5M$138,000
44c
S+1200 bp
PIK 2.00%
R••••••• H••••• G••••• L••preferred equity equity$0$136,000
100c
PIK 12.00%
T•••••• M••••••• S••••••• I••.revolver first lien$167,000$134,000
99c
S+760 bp
PIK 2.00%
Feb 26, 2027
e••••••• I••. and Conexiom US Inc.preferred equity equity$0$130,000
18c
S••••••••• M•••• M•••• L••revolver unsecured or subordinated$132,000$129,000
98c
S+576 bpMar 30, 2029
P••••••• G•••• H••••••• P•• L••delayed draw term loan first lien$704,000$127,000
100c
S+675 bpDec 29, 2031
TJ Management H••••• LLCrevolver first lien$636,000$127,000
100c
S+561 bpDec 31, 2026
P••••••• L••revolver first lien$1.2M$117,000
75c
S+610 bpDec 8, 2027
V••• B•••••• I••.warrants equity$0$116,000
1289c
Dec 29, 2033
G•• C••• B•••• L••revolver first lien$444,000$111,000
100c
S+610 bpNov 18, 2030
V•• E••••••••• I••.equity equity$0$109,000
110c
N••••• N••••••• I••. (Class AAA units)equity equity$0$109,000
99c
T•••••• B•••• C•••.revolver first lien$1.3M$107,000
100c
S+500 bpJan 22, 2031
O••••• I••.warrants equity$0$103,000Jan 21, 2036
Q•••• R••••••• M••••••••• G••••• L••warrants equity$0$102,000
86c
Mar 17, 2028
A••••••• N••••••• O••• I• L••equity equity$0$97,000
11c
I••• P•••••• L••equity equity$0$85,000
123c
S•••••• G••••• I••.equity equity$0$84,000
122c
A••••••• C•••••••• H••••• I••.term loan first lien$137,000$80,000
99c
S+11 bp
PIK 3.76%
Dec 31, 2026
P•••••• C••••••• H•••••• C•••••• L••term loan first lien$568,000$80,000
119c
S+711 bpOct 2, 2026
M•••••• H•••••••• L••revolver first lienn/a$80,000
98c
S+600 bpNov 15, 2029
E•••• T•••••• a•• E••••••••• H••••••• L••revolver first lien$1.0M$75,000
100c
S+450 bpDec 22, 2031
V•• E••••••••• I••.revolver first lien$458,000$73,000
100c
S+710 bpJan 12, 2028
Q•••• R••••••• M••••••••• G••••• L••warrants equity$0$72,000
200c
Mar 17, 2028
Page 7 of 14PreviousNext
Registration
Fiscal year end
1231reported
Incorporated
MDreported
On the SEC BDC report
2019 to 2026reported
Filings listed
19reported10-Q and 10-K since 2022
Latest schedule
0001742313-26-000046reported