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.

B•••••• C•••••• I••••••••• C•••

Business development companymanaged by B•••••• L••Non-traded· CHARLOTTE, NC

A non-traded business development company, managed by B•••••• L••, holding $1.4B across 321 borrowers at Jun 30, 2026.

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

Fair value
$1.4B
Schedule of investments, 10-Q and 10-K
Borrowers
321
Schedule of investments, 10-Q and 10-K
Mark on cost
97.8¢
Schedule of investments, 10-Q and 10-K
First lien
72%
Schedule of investments, 10-Q and 10-K
Schedule of investments (789)Quarter by quarterSponsors
As of · the latest schedule of investments read for this BDC

What matters now

  1. $22.1M
    on non-accrual, 9 borrowers

    9 borrowers on non-accrual, $22.1M principal; the largest is B••••• G•••• ($5.42M).

    Q2 2026 · Loans that have stopped paying interest; they set the book's credit losses.

    FactBDC schedules of investments, 30 Jun 2026For LPs and shareholders in these BDCs, co-lenders on the same namesOpen B••••• G•••• →
  2. $3M
    newly on non-accrual

    2 borrowers newly placed on non-accrual in Q2 2026, $3M principal: S••••• A••••• I•• ($2.18M), T••• A•• D••••••••• L•• ($812K).

    Q2 2026 · The newest credit problems in the book.

    FactBDC schedules of investments, 30 Jun 2026Open S••••• A••••• I•• →
  3. 19 below 80¢
    $34.9M principal

    19 positions across 15 borrowers marked below 80¢ on cost, $34.9M principal.

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

    Derivedeach position's fair value over cost, 30 Jun 2026
  4. 0 → 56
    loans paying in kind

    Loans paying in kind rose from 0 to 56 positions in the quarter to Jun 30, 2026.

    Q2 2026 · Borrowers paying interest in more debt rather than cash is an early sign of strain.

    Factthe schedule's PIK rates, quarter on quarterQuarter by quarter →
  5. 1 → 321
    borrowers

    Added a net 320 borrowers in the quarter to Jun 30, 2026, to 321.

    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 1811972 · file 814-01348Show
Fair value
$1.4B
as of Jun 30, 2026
Principal held
$1.1B
debt pieces, the filer's figure
Cost
$1.4B
98c on cost, debt pieces
Unfunded
$140M
commitments not yet drawn
Positions
789
321 borrowers
First lien
72%
81% debt by fair value
Quarters on the tape
16
since Dec 31, 2021
Facilities held
708
43 sponsors financed
Portfolio through time
Fair value by quarter end$1.4B as of Jun 30, 2026
Jul 8, 2021$53.3M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$1.4B32198c56529 bp
May 27, 2026$5.0M1n/a0n/a
Mar 31, 2026$1.3B30798c59533 bp
Dec 31, 2025$2.7B34999c113537 bp
All 21 quarters
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Sep 30, 2025$1.4B30499c65537 bp
Jun 30, 2025$1.4B290100c62545 bp
Mar 31, 2025$1.4B27998c61554 bp
Dec 31, 2024$1.5B33997c59566 bp
Sep 30, 2024$1.6B27599c58576 bp
Jun 30, 2024$1.5B26798c58582 bp
Mar 31, 2024$1.6B26699c58586 bp
Dec 31, 2023$1.8B29499c55587 bp
Sep 30, 2023$1.5B25297c47588 bp
Jun 30, 2023$1.5B24497c36586 bp
Mar 31, 2023$1.5B24497c33587 bp
Dec 31, 2022$1.8B26497c29581 bp
Aug 12, 2022$11.2M1n/a0n/a
Dec 31, 2021$221M4n/a0725 bp
Jul 8, 2021$53.3M1n/a0n/a
May 31, 2021Not disclosed1n/a0n/a
Apr 28, 2020Not disclosed1n/a0n/a
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 Mar 31, 2026
720 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
B••••••••• L••equity equityNot disclosed$743,000
125c
R••• L•••• L••equity equityNot disclosed$736,000
104c
E•• I•••••••••term loan unsecured or subordinated$739,000$733,000
101c
11.00%
PIK 2.50%
C•••••• B••••••••• I•••unstated lien unstatedNot disclosed$733,000
116c
O•• A•• B••••• L••term loan first lien$746,000$723,000
100c
S+500 bp
E••••••• E•••••••• • E••••••••• C••term loan first lien$730,000$715,000
100c
10.50%
PIK 3.00%
C•• F•••• H••••••• C••• L••term loan first lien$707,000$707,000
100c
S+900 bp
PIK 12.90%
S•••••••• U• H••••••• I••term loan first lien$2.4M$706,000
30c
S+550 bp
W•••••••• H•••••••• I•••equity equityNot disclosed$704,000
223c
B••••••••• G•••• U• L••term loan first lien$709,000$694,000
104c
S+475 bp
G•••••••••term loan first lien$700,000$687,000
108c
S+475 bp
C•• E••••••••• L••term loan first lien$691,000$682,000
100c
S+600 bp
T• K•• A••••••••• L•••term loan first lien$685,000$674,000
100c
S+425 bp
E•••••• M•••• L••••••term loan first lien$673,000$664,000
100c
S+475 bp
P••••• B•••• P•• L••term loan first lien$686,000$660,000
96c
S+475 bp
A••• C•••••• S••••••••• I•••term loan first lien$653,000$656,000
102c
S+575 bp
C•••••• P••••••••• L••term loan unsecured or subordinated$656,000$656,000
100c
11.00%
PIK 1.00%
H•• C•••••••••term loan first lien$662,000$647,000
102c
S+525 bp
Z•••• L•••• S••••term loan first lien$652,000$639,000
99c
S+525 bp
S•• I••••••••• L••term loan first lien$639,000$639,000
101c
S+675 bp
F••••••••• L••equity equityNot disclosed$635,000
71c
R•••• B•••• L••term loan first lien$653,000$629,000
100c
S+450 bp
S••••••• B•••• S•••••••term loan first lien$634,000$622,000
100c
S+500 bp
W••••••• R•••• L••unstated lien unstatedNot disclosed$619,000
5c
A•••••• B•••• L••••••term loan first lien$630,000$619,000
107c
S+500 bp
G••• L••term loan first lien$614,000$609,000
100c
S+600 bp
A••• S•••••• P•••••••• L••term loan first lien$615,000$595,000
101c
S+475 bp
E••••••• D•••••• T•••••• I••••••••• L•• H•••••• S•••term loan first lien$719,000$591,000
136c
S+628 bp
PIK 1.00%
A••••• M••••warrants equityNot disclosed$587,000
29350c
A•• C••••••••• L••equity equityNot disclosed$581,000
178c
P•••••• I••••••• A••••••••• I•••revolver lien unstated$676,000$565,000
85c
S+165 bp
PIK 4.50%
F••••••••• B•••• L••••••term loan first lien$560,000$560,000
100c
S+600 bp
B••••••••• L••revolver lien unstated$537,000$537,000
100c
S+525 bp
D••••••••• P•••••••• H••••••• L••equity equityNot disclosed$534,000
193c
L••••••••• F•••• S•••term loan first lien$538,000$530,000
98c
S+475 bp
O••••• B•••• L••••••term loan first lien$533,000$528,000
100c
S+500 bp
P•••••• B•••• B•••term loan first lien$509,000$509,000
104c
S+600 bp
R••••• H•••••••• I•••equity equityNot disclosed$509,000
127c
V•••• B••••• L••equity equityNot disclosed$502,000
306c
A•••• B•••• L••••••term loan second lien$560,000$497,000
101c
PIK 10.50%
B•• B••••• I•••equity equityNot disclosed$497,000
117c
E••• G••••• L••••••••• I•••equity equityNot disclosed$497,000
172c
H•••••••• H•••••••• I•••revolver lien unstated$503,000$494,000
99c
S+525 bp
E• S••• B••••term loan first lien$507,000$493,000
104c
S+500 bp
I•• I••••••••• I•••equity equityNot disclosed$488,000
130c
S•••• B•••• B•••term loan first lien$508,000$477,000
94c
S+575 bp
C•• U• B••••• I•••term loan first lien$474,000$474,000
102c
S+600 bp
P••••••• D••••• H••••••• L••term loan first lien$476,000$474,000
101c
S+830 bp
V•••• G••••• H•••••• L••notes lien unstated$481,000$471,000
98c
9.50%
M•• E•••••• I•••revolver lien unstated$478,000$470,000
100c
S+375 bp
S•••• S•••••• B•••••• L••equity equityNot disclosed$459,000
51c
P•••••• B•••• B•••term loan first lien$458,000$458,000
99c
S+600 bp
B••••• A••••••• G•••• I••term loan second lien$471,000$458,000
97c
S+750 bp
B••••• A••••••• G•••• I••term loan second lien$471,000$458,000
97c
S+750 bp
B••••• A••••••• G•••• I••term loan second lien$466,000$453,000
97c
S+750 bp
O•• H••••••• I• C•••revolver lien unstated$450,000$450,000
101c
S+500 bp
S••• B••••• L•••revolver lien unstated$479,000$442,000
95c
S+625 bp
F••••••••• B•••• L••••••term loan first lien$441,000$441,000
100c
S+600 bp
A•• W•••••••• L•••••••• H•••••••• I•••equity equityNot disclosed$431,000
266c
R••••••••• P••••• H•••••••• L••equity equityNot disclosed$428,000
106c
B••••••• B••••• L••term loan first lien$434,000$427,000
100c
S+450 bp
S•••••• A••••••••• B•••• L••••••term loan first lien$440,000$424,000
101c
S+525 bp
K•••••• S••••• • S••••••• L••term loan first lien$423,000$415,000
100c
S+425 bp
M••• B•••• L••••••term loan first lien$431,000$414,000
99c
S+525 bp
F••• S••• H•••••• L••equity equityNot disclosed$409,000
81c
N• H•••••• L••revolver first lien$471,000$404,000
88c
S+650 bp
C•••••• P••••••••• L••equity equityNot disclosed$400,000
320c
E••••••• E•••••••• • E••••••••• C••equity equityNot disclosed$390,000
207c
U••• C••••term loan first lien$379,000$379,000
100c
S+575 bp
PIK 2.40%
E••••••• D•••••• T•••••• I••••••••• L•• H•••••• S•••term loan first lien$457,000$377,000
132c
S+600 bp
PIK 1.00%
X••••••• B•••• L••••••equity equityNot disclosed$371,000
164c
H••• S••••• B•••• I•••term loan first lien$376,000$361,000
100c
S+450 bp
S••••••••• G••••• I•••equity equityNot disclosed$353,000
193c
C••• U••••••• G•••equity equityNot disclosed$344,000
64c
A•••• B•••• L••••••term loan first lien$343,000$343,000
108c
S+500 bp
G••• L••equity equityNot disclosed$340,000
140c
O••••• B•••• L••••••term loan first lien$341,000$338,000
95c
S+500 bp
S•• I••••••••• L••equity equityNot disclosed$327,000
157c
P••••••••• S•••••••• H•••••••• L••equity equityNot disclosed$324,000
138c
C••• U••••••• G•••equity equityNot disclosed$291,000
117c
M• G•••• V••••••• C•••••••••equity equityNot disclosed$291,000
78c
P••••• H••••••• L••••••preferred equity equityNot disclosed$289,000
100c
PIK 10.00%
A••••• H••••• 2• L••equity equityNot disclosed$284,000
4733c
E• S••• B••••term loan first lien$287,000$282,000
99c
S+500 bp
R•• S••• M••••• S•• L••term loan first lien$278,000$278,000
100c
S+1050 bp
PIK 9.50%
C••••••• O••••••••• P••••••• C••••term loan first lien$101,000$275,000
278c
S+700 bp
PIK 17.00%
W••••••• F••••• L••preferred equity equityNot disclosed$270,000
106c
PIK 20.00%
M•• B••••• I•••term loan first lien$268,000$268,000
100c
S+500 bp
R•••• B•••• L••equity equityNot disclosed$265,000
83c
W••••••• F••••• L••revolver lien unstated$262,000$252,000
99c
S+525 bp
X••••••• B•••• L••••••term loan first lien$246,000$246,000
106c
S+575 bp
T••••••••• I•••term loan unsecured or subordinated$300,000$234,000
79c
PIK 14.00%
F••••• 4• L••••••term loan first lien$243,000$233,000
104c
S+600 bp
L••••••••• F•••• S•••term loan first lien$233,000$231,000
98c
S+475 bp
S••••• A••••• I•••revolver lien unstated$348,000$222,000
64c
S+225 bp
PIK 3.80%
O•• H••••••• P••••••••• L••revolver lien unstated$218,000$214,000
100c
S+475 bp
A••••• B••••• I•••equity equityNot disclosed$211,000
165c
B•••••• P•••• P•••••••• C•••••••••equity equityNot disclosed$206,000
91c
M•••••••• B•••• L••••••equity equityNot disclosed$203,000
147c
D••••••• I••••••••• L••preferred equity equityNot disclosed$198,000
103c
Page 4 of 8PreviousNext
Registration
Fiscal year end
1231reported
Incorporated
MDreported
On the SEC BDC report
2020 to 2026reported
Filings listed
19reported10-Q and 10-K since 2022
Latest schedule
0001811972-26-000018reported