DFX Intelligence
Private Credit Intelligence
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.
BDC portfolio
Blackstone Private Credit Fund
BDCnon-tradedCIK 1803498file 814-01358NEW YORK, NYmanaged by BLACKSTONE PRIVATE CREDIT STRATEGIES LLC
Fair value
$87B
as of Jun 30, 2026
Principal held
$85B
debt pieces, the filer's figure
Cost
$90B
97c on cost
Unfunded
$20B
commitments not yet drawn
Positions
2,411
964 borrowers
First lien
n/a
92% debt by fair value
Quarters on the tape
17
since Dec 31, 2021
Facilities held
1,247
90 sponsors financed
Portfolio through time
Fair value by quarter end$87B as of Jun 30, 2026
Dec 31, 2021$36B then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $87B | 964 | 97c | 140 | 426 bp |
| Mar 31, 2026 | $91B | 1,034 | 98c | 124 | 426 bp |
| Dec 31, 2025 | $94B | 1,061 | 99c | 137 | 431 bp |
| Sep 30, 2025 | $86B | 1,014 | 99c | 113 | 436 bp |
| Jun 30, 2025 | $82B | 984 | 99c | 108 | 446 bp |
| Mar 31, 2025 | $80B | 949 | 99c | 100 | 455 bp |
| Dec 31, 2024 | $152B | 921 | 99c | 193 | 468 bp |
| Sep 30, 2024 | $68B | 832 | 99c | 69 | 480 bp |
| Jun 30, 2024 | $63B | 786 | 99c | 50 | 480 bp |
| Mar 31, 2024 | $61B | 715 | 99c | 43 | 488 bp |
| Dec 31, 2023 | $65B | 786 | 99c | 41 | 478 bp |
| Sep 30, 2023 | $56B | 642 | 99c | 35 | 494 bp |
| Jun 30, 2023 | $55B | 627 | 98c | 19 | 490 bp |
| Mar 31, 2023 | $56B | 571 | 98c | 23 | 490 bp |
| Dec 31, 2022 | $70B | 944 | 98c | 21 | 463 bp |
| Sep 30, 2022 | $50B | 606 | 98c | 4 | 509 bp |
| Dec 31, 2021 | $36B | 470 | 100c | 0 | 502 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
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
Largest facilities held, with co-lenders
- Dropbox, Inc delayed draw term loan2 BDCs hold it · matures Sep 9, 2030$1.6B 100c
- IRI Group Holdings, Inc revolver2 BDCs hold it · matures Dec 3, 2029$1.6B 101c
- Inovalon Holdings, Inc delayed draw term loan2 BDCs hold it · matures Nov 24, 2033$1.3B 94c
- Guidehouse Inc other3 BDCs hold it · matures Dec 16, 2030$1.2B 97c
- Medallia, Inc other4 BDCs hold it · matures Oct 29, 2028$1.2B 51c
- Magnesium BorrowerCo, Inc delayed draw term loan2 BDCs hold it · matures May 18, 2029$1.2B 102c
- Zendesk, Inc revolver3 BDCs hold it · matures Nov 22, 2028$1.1B 99c
- Monterey Financing delayed draw term loan2 BDCs hold it · matures Sep 28, 2029$1.1B 114c
- Loar Group, Inc delayed draw term loan1 BDC hold it · matures May 10, 2030$963M 101c
- Cambium Learning Group, Inc revolver2 BDCs hold it · matures Jul 20, 2028 · Veritas Capital Fund Management, L.L.C.$958M 93c
- Tennessee Bidco Limited delayed draw term loan2 BDCs hold it · matures Jul 1, 2031$948M 99c
- Shelf Bidco Ltd other5 BDCs hold it · matures Oct 17, 2031$929M 100c
Schedule of investments at Jun 30, 2026
2,411 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| Other Cash and Cash Equivalents | unstated lien unstated | n/a | $2.0B 100c | ||
| IRI Group Holdings, Inc. | revolver lien unstated | $1.6B | $1.6B 101c | S+425 bp | Dec 3, 2029 |
| BCRED Emerald JV LP | equity equity | n/a | $1.6B 85c | ||
| Guidehouse, Inc. | unstated lien unstated | $1.2B | $1.2B 97c | S+475 bp | Dec 16, 2030 |
| Dropbox, Inc. | delayed draw term loan lien unstated | $1.2B | $1.1B 100c | S+492 bp | Dec 11, 2029 |
| Port Arthur LNG Phase II Intermediate Company, LLC | equity equity | n/a | $1.1B 101c | PIK 7.60% | |
| Inovalon Holdings, Inc. | delayed draw term loan lien unstated | $1.1B | $1.1B 95c | S+550 bp PIK 2.75% | Nov 24, 2028 |
| Zendesk, Inc. | revolver lien unstated | $1.1B | $1.0B 99c | S+500 bp | Nov 22, 2028 |
| Magnesium BorrowerCo, Inc. | delayed draw term loan lien unstated | $1.0B | $1.0B 101c | S+450 bp | May 18, 2029 |
| Shelf Bidco, Ltd. | unstated lien unstated | $929M | $929M 100c | S+518 bp | Oct 17, 2031 |
| Mantech International, CP | revolver lien unstated | $882M | $867M 99c | S+450 bp | Sep 14, 2029 |
| Unified Women's Healthcare, LP | unstated lien unstated | $865M | $865M 100c | S+500 bp | Jun 18, 2029 |
| Cambium Learning Group, Inc. | revolver lien unstated | $924M | $860M 93c | S+550 bp | Jul 20, 2028 |
| Auctane, Inc. | unstated lien unstated | $845M | $832M 101c | S+575 bp | Jun 1, 2033 |
| Snoopy Bidco, Inc. | delayed draw term loan lien unstated | $748M | $703M 94c | S+650 bp PIK 5.50% | Jun 1, 2028 |
| West Monroe Partners, LLC | revolver lien unstated | $704M | $701M 100c | S+475 bp | Nov 8, 2028 |
| Amerilife Holdings, LLC | unstated lien unstated | $684M | $682M 100c | S+500 bp | Aug 31, 2029 |
| IEM New Sub 2, LLC | delayed draw term loan lien unstated | $643M | $636M 100c | S+475 bp | Dec 3, 2031 |
| Teneo Holdings, LLC | unstated lien unstated | $636M | $636M 101c | S+475 bp | Jul 29, 2032 |
| Armstrong Bidco, Limited | delayed draw term loan lien unstated | $479M | $616M 107c | S+525 bp | Jun 28, 2029 |
| Spaceship Purchaser, Inc. | unstated lien unstated | $621M | $614M 99c | S+467 bp | Oct 17, 2031 |
| Anaplan, Inc. | revolver lien unstated | $624M | $614M 99c | S+450 bp | Jun 21, 2029 |
| JSS Holdings, Inc. | delayed draw term loan lien unstated | $588M | $588M 101c | S+500 bp | Nov 8, 2031 |
| PPT Purchaser, LLC | unstated lien unstated | $577M | $576M 100c | S+450 bp | Dec 23, 2032 |
| IG Investments Holdings, LLC | revolver lien unstated | $574M | $574M 101c | S+500 bp | Sep 22, 2028 |
| Tennessee Bidco, Limited | delayed draw term loan lien unstated | $562M | $555M 101c | S+550 bp PIK 2.00% | Jul 1, 2031 |
| Nintex Topco, Limited | unstated lien unstated | $678M | $532M 79c | S+600 bp | Nov 13, 2028 |
| CCBlue Bidco, Inc. | delayed draw term loan lien unstated | $608M | $507M 84c | S+650 bp PIK 4.00% | Dec 21, 2028 |
| Saber Parent Holdings Corp. | unstated lien unstated | $507M | $505M 100c | S+475 bp PIK 2.25% | Dec 16, 2032 |
| Smile Doctors, LLC | revolver lien unstated | $510M | $495M 98c | S+590 bp | Dec 23, 2028 |
| Blackstone Private Real Estate Credit and Income Fund | equity equity | n/a | $487M 102c | ||
| Brave Parent Holdings, Inc. | revolver lien unstated | $493M | $482M 98c | S+450 bp | Nov 28, 2030 |
| Discovery Education, Inc. | revolver lien unstated | $631M | $475M 76c | S+675 bp PIK 5.74% | Apr 9, 2029 |
| Speedster Bidco, GmbH | revolver lien unstated | $675M | $469M 99c | S+550 bp | Nov 13, 2032 |
| Databricks, Inc. | delayed draw term loan lien unstated | $460M | $460M 100c | S+450 bp | Jan 3, 2031 |
| Enstructure, LLC | delayed draw term loan lien unstated | $452M | $451M 101c | S+450 bp | Aug 15, 2032 |
| Dropbox, Inc. | delayed draw term loan lien unstated | $453M | $448M 100c | S+492 bp | Sep 9, 2030 |
| Medallia, Inc. | unstated lien unstated | $897M | $444M 51c | S+600 bp | Oct 29, 2028 |
| Loar Group, Inc. | delayed draw term loan lien unstated | $443M | $443M 102c | S+425 bp | May 10, 2030 |
| Artisan Acquisitionco, Ltd. | delayed draw term loan lien unstated | $447M | $442M 100c | S+450 bp | Sep 30, 2031 |
| Caerus US 1, Inc. | revolver lien unstated | $436M | $422M 98c | S+500 bp | May 25, 2029 |
| Navigator Acquiror, Inc. | delayed draw term loan lien unstated | $548M | $416M 76c | S+550 bp PIK 4.00% | Jul 16, 2030 |
| Signant Finance One, Ltd. | unstated lien unstated | $413M | $410M 100c | S+500 bp | Oct 16, 2031 |
| Gigamon, Inc. | revolver lien unstated | $416M | $406M 98c | S+575 bp | Mar 9, 2029 |
| Trinity Partners Holdings, LLC | delayed draw term loan lien unstated | $415M | $404M 98c | S+524 bp | Dec 31, 2030 |
| Bazaarvoice, Inc. | revolver lien unstated | $403M | $400M 99c | S+450 bp | May 7, 2029 |
| GFT Infrastructure, Inc. | revolver lien unstated | $372M | $370M 101c | S+450 bp | Aug 5, 2030 |
| Color Intermediate, LLC | unstated lien unstated | $360M | $356M 100c | S+475 bp | Oct 4, 2029 |
| Chartwell Cumming Holding Corp. | unstated lien unstated | $354M | $353M 100c | S+475 bp | Jun 16, 2033 |
| JSG II, Inc. | unstated lien unstated | $352M | $351M 100c | S+450 bp | Sep 30, 2032 |
| Severin Acquisition, LLC | unstated lien unstated | $354M | $342M 97c | S+500 bp PIK 2.25% | Oct 1, 2031 |
| Maverick Bidco, Inc. | unstated lien unstated | $339M | $337M 100c | S+475 bp | Dec 2, 2031 |
| Specialty Lending Company, LLC - LLC Interest | unstated lien unstated | n/a | $332M 99c | ||
| Java Buyer, Inc. | unstated lien unstated | $328M | $328M 101c | S+450 bp | Dec 15, 2030 |
| Jeppesen Holdings, LLC | revolver lien unstated | $328M | $324M 100c | S+475 bp | Nov 1, 2032 |
| Bayshore Intermediate #2, LP | revolver lien unstated | $332M | $323M 98c | S+550 bp PIK 3.00% | Oct 2, 2028 |
| Baker Tilly Advisory Group, LP | unstated lien unstated | $318M | $318M 101c | S+425 bp | Jun 3, 2031 |
| Veonet Lense, GmbH | unstated lien unstated | $253M | $313M 97c | S+475 bp | Mar 14, 2029 |
| Spectrum Safety Solutions Purchaser, LLC | unstated lien unstated | $303M | $303M 101c | S+450 bp | Jul 1, 2031 |
| Seahawk Bidco, LLC | unstated lien unstated | $302M | $300M 100c | S+500 bp | Dec 19, 2031 |
| Saber Power Services, LLC | revolver lien unstated | $289M | $289M 100c | S+500 bp | Oct 21, 2031 |
| Smartronix, LLC | revolver lien unstated | $298M | $288M 99c | S+450 bp | Feb 6, 2032 |
| Caribou Bidco, Ltd. | delayed draw term loan lien unstated | $221M | $286M 102c | S+500 bp | Feb 2, 2029 |
| Loar Group, Inc. | delayed draw term loan lien unstated | $281M | $281M 101c | S+425 bp | May 10, 2030 |
| Inception Fertility Ventures, LLC | delayed draw term loan lien unstated | $284M | $281M 99c | S+550 bp | Apr 29, 2030 |
| Onex Baltimore Buyer, Inc. | delayed draw term loan lien unstated | $279M | $279M 101c | S+475 bp | Apr 29, 2033 |
| Arnhem BidCo, GmbH | delayed draw term loan lien unstated | $243M | $278M 104c | S+450 bp | Sep 30, 2031 |
| Bimini Group Purchaser, Inc. | revolver lien unstated | $280M | $277M 100c | S+475 bp | Apr 25, 2031 |
| Pike Electric Corp. | unstated lien unstated | $276M | $274M 100c | S+425 bp | Dec 19, 2032 |
| Integrity Marketing Acquisition, LLC | unstated lien unstated | $265M | $264M 100c | S+500 bp | Aug 25, 2028 |
| RWL Holdings, LLC | delayed draw term loan lien unstated | $266M | $258M 98c | S+575 bp | Dec 31, 2028 |
| Rhea Parent, Inc. | revolver lien unstated | $264M | $258M 99c | S+500 bp | Dec 20, 2030 |
| Brave Parent Holdings, Inc. | revolver lien unstated | $262M | $256M 98c | S+450 bp | Nov 28, 2030 |
| Emergency Power Holdings, LLC | delayed draw term loan lien unstated | $252M | $252M 100c | S+475 bp | Aug 17, 2031 |
| JSS Holdings, Inc. | delayed draw term loan lien unstated | $248M | $248M 101c | S+500 bp | Nov 8, 2031 |
| CB Nike Holdco, LLC | unstated lien unstated | $243M | $243M 101c | S+735 bp PIK 10.99% | Nov 26, 2029 |
| Loar Group, Inc. | delayed draw term loan lien unstated | $239M | $239M 102c | S+425 bp | May 10, 2030 |
| Seven Bidco, SASU | delayed draw term loan lien unstated | $210M | $238M 97c | S+440 bp | Aug 27, 2032 |
| Galway Borrower, LLC | unstated lien unstated | $238M | $237M 100c | S+450 bp | Sep 29, 2028 |
| Gatekeeper Systems, Inc. | unstated lien unstated | $248M | $236M 96c | S+500 bp | Aug 28, 2030 |
| Caerus US 1, Inc. | revolver lien unstated | $243M | $236M 97c | S+500 bp | May 25, 2029 |
| Sedgwick Claims Management Services, Inc. | term loan lien unstated | $230M | $230M 101c | S+500 bp | Jul 30, 2032 |
| DCG Acquisition Corp. | unstated lien unstated | $237M | $230M 98c | S+500 bp | Jun 13, 2031 |
| Armada Parent, Inc. | revolver lien unstated | $226M | $226M 101c | S+475 bp | Oct 29, 2030 |
| Pibb Member Holdings, LLC | equity equity | n/a | $225M 105c | ||
| NAVEX TopCo, Inc. | unstated lien unstated | $222M | $219M 100c | S+500 bp | Oct 14, 2032 |
| Confine Visual Bidco | delayed draw term loan lien unstated | $258M | $219M 86c | S+575 bp | Feb 23, 2029 |
| Jayhawk Buyer, LLC | delayed draw term loan lien unstated | $224M | $218M 98c | S+525 bp | Apr 15, 2028 |
| CFS Brands, LLC | revolver lien unstated | $217M | $217M 101c | S+525 bp | Oct 2, 2030 |
| Material Holdings, LLC | unstated lien unstated | $235M | $214M 91c | S+600 bp PIK 4.72% | Aug 19, 2027 |
| Kona Buyer, LLC | unstated lien unstated | $212M | $211M 100c | S+450 bp | Jul 23, 2031 |
| Blue Sky Buyer, LLC | revolver lien unstated | $208M | $207M 100c | S+450 bp | Feb 28, 2033 |
| Crimson FLS Acquisition, Inc. | unstated lien unstated | $204M | $204M 100c | S+450 bp | Feb 18, 2033 |
| Stepping Stones Healthcare Services, LLC | unstated lien unstated | $205M | $203M 100c | S+475 bp | Jan 5, 2033 |
| Prodege International Holdings, LLC | unstated lien unstated | $203M | $203M 100c | S+525 bp PIK 3.25% | Dec 31, 2030 |
| Tennessee Bidco, Limited | delayed draw term loan lien unstated | $154M | $201M 97c | S+550 bp PIK 2.00% | Jul 1, 2031 |
| Baker Tilly Advisory Group, LP | unstated lien unstated | $200M | $200M 101c | S+475 bp | Jun 3, 2031 |
| MRI Software, LLC | unstated lien unstated | $204M | $200M 98c | S+475 bp | Feb 10, 2028 |
| SG Acquisition, Inc. | revolver lien unstated | $199M | $199M 101c | S+475 bp | Apr 3, 2030 |
| Sunshine Cadence Holdco, LLC | revolver lien unstated | $197M | $195M 100c | S+500 bp | May 1, 2031 |
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Registration
- Fiscal year end
- 1231reported
- Incorporated
- unknownreported
- On the SEC BDC report
- 2021 to 2026reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Latest schedule
- 0001803498-26-000048reported