The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.

S•• P•••••• C••••• I••••• B•• L••

Business development companymanaged by S•• C•••••• P•••••••• L••Non-traded· NEW YORK, NY

A non-traded business development company, managed by S•• C•••••• P•••••••• L••, holding $131M across 17 borrowers at Jun 30, 2026.

Composed from this BDC's filings and its latest schedule of investments.

Fair value
$131M
Schedule of investments, 10-Q and 10-K
Borrowers
17
Schedule of investments, 10-Q and 10-K
Mark on cost
93.9¢
Schedule of investments, 10-Q and 10-K
First lien
55%
Schedule of investments, 10-Q and 10-K
Schedule of investments (19)Quarter by quarterSponsors
As of · the latest schedule of investments read for this BDC

What matters now

  1. 97.2¢ → 93.9¢
    book mark on cost

    Marked its book down from 97.2¢ to 93.9¢ on the dollar in the quarter to Jun 30, 2026.

    Q2 2026 · The whole portfolio was marked down; net asset value follows.

    Derivedthe schedule's fair value over cost, quarter on quarterQuarter by quarter →
  2. 1 below 80¢
    $17.6M principal

    1 position across 1 borrower marked below 80¢ on cost, $17.6M principal.

    Q2 2026 · Marks this low usually come before non-accrual or a restructuring.

    Derivedeach position's fair value over cost, 30 Jun 2026
  3. $267M → $131M
    fair value, 4 quarters

    Its portfolio shrank 51% at fair value over the last four quarters.

    Q2 2026 · The book is shrinking.

    Factthe schedule's fair value, a year apartQuarter by quarter →
  4. 22 → 17
    borrowers

    Lost a net 5 borrowers in the quarter to Jun 30, 2026, to 17.

    Q2 2026 · The book is turning over faster than usual.

    Factthe schedule's borrowers, quarter on quarterSchedule of investments →
Every headline figure, and the identifiersCIK 1743415 · file 814-01294Show
Fair value
$131M
as of Jun 30, 2026
Principal held
$113M
debt pieces, the filer's figure
Cost
$152M
94c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
Positions
19
17 borrowers
First lien
55%
81% debt by fair value
Quarters on the tape
13
since Dec 31, 2022
Facilities held
19
1 sponsors financed
Portfolio through time
Fair value by quarter end$131M as of Jun 30, 2026
Dec 31, 2022$2.5B then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$131M1794c1588 bp
Mar 31, 2026$179M2297c2613 bp
Dec 31, 2025$189M2298c0607 bp
Sep 30, 2025$235M2799c0598 bp
All 14 quarters
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2025$267M2899c0595 bp
Mar 31, 2025$1.2B31100c0594 bp
Dec 31, 2024$1.7B36100c1588 bp
Sep 30, 2024$1.1B38101c1592 bp
Jun 30, 2024$1.4B43101c0600 bp
Mar 31, 2024$1.4B44101c0595 bp
Dec 31, 2023$1.8B49101c0602 bp
Sep 30, 2023$1.0B53100c0600 bp
Jun 16, 2023$14.4M2n/a0n/a
Dec 31, 2022$2.5B59101c0601 bp
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
Full timeline · 20 events
Every position change, including routine ones
Largest facilities held, with co-lenders
Schedule of investments at Jun 16, 2023
3 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
O•••• A•• L•• ••••• A•••••••••term loan first lienNot disclosed$8.2M
S•••••• T•••• B••••••• L••unstated lien unstatedNot disclosed$6.2M
O•••• A•• L•• ••••• A•••••••••term loan first lienNot disclosed$0
Page 1 of 1
Registration
Fiscal year end
1231reported
Incorporated
DEreported
On the SEC BDC report
2019 to 2026reported
Filings listed
19reported10-Q and 10-K since 2022
Latest schedule
0001193125-26-332724reported