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 Jun 30, 2026
789 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
P••••••••• S•••••••• H•••••••• L••equity equityNot disclosed$328,000
140c
C••••• B•••••• A••••••• L••revolver lien unstated$327,000$322,000
100c
S+500 bp
R•••• B•••• L••equity equityNot disclosed$316,000
99c
W••••••• F••••• L••preferred equity equityNot disclosed$310,000
116c
PIK 20.00%
G••• L••equity equityNot disclosed$306,000
126c
C••• U••••••• G•••equity equityNot disclosed$292,000
118c
P••••• H••••••• L••••••preferred equity equityNot disclosed$289,000
100c
PIK 10.00%
A••••• H••••• 2• L••equity equityNot disclosed$282,000
4700c
E• S••• B••••term loan first lien$282,000$278,000
97c
S+500 bp
X••••••• B•••• L••••••term loan first lien$244,000$244,000
105c
S+625 bp
D••••••• I••••••••• L••preferred equity equityNot disclosed$237,000
123c
F•••••••• S••••••• I••••••••• H••••••• I•••preferred equity equityNot disclosed$235,000
4c
P•••••• I••••••• A••••••••• I•••revolver lien unstated$341,000$234,000
70c
S+125 bp
PIK 4.60%
F••••• 4• L••••••term loan first lien$241,000$232,000
104c
S+600 bp
L••••••••• F•••• S•••term loan first lien$231,000$229,000
97c
S+475 bp
C••••••• O••••••••• P••••••• C••••term loan first lien$79,000$229,000
290c
S+700 bp
A••••• B••••• I•••equity equityNot disclosed$227,000
177c
M• G•••• V••••••• C•••••••••equity equityNot disclosed$217,000
58c
O•• H••••••• P••••••••• L••revolver lien unstated$218,000$212,000
99c
S+425 bp
M•••••••• B•••• L••••••equity equityNot disclosed$204,000
148c
B•••••• P•••• P•••••••• C•••••••••equity equityNot disclosed$204,000
90c
S•••• B•••• B•••revolver lien unstated$221,000$201,000
91c
S+550 bp
A••••••••• B••• C••• L••equity equityNot disclosed$200,000
127c
P••••••••• S•••••••• H•••••••• L••revolver lien unstated$206,000$198,000
106c
S+425 bp
E••••••• D•••••• T•••••• I••••••••• L•• H•••••• S•••term loan first lien$237,000$196,000
130c
S+600 bp
PIK 1.00%
A••••• M••••term loan second lien$192,000$192,000
102c
15.50%
E•• I•••••••••equity equityNot disclosed$188,000
92c
I•• H•••• A••••••• L•••••revolver lien unstated$189,000$182,000
98c
S+600 bp
I••••••••• P•••••••• S••••••• L••revolver lien unstated$185,000$179,000
100c
S+475 bp
A•••••••• T•••••••• G••••• L••revolver lien unstated$188,000$179,000
100c
S+475 bp
P••••••••• L••equity equityNot disclosed$179,000
275c
E• S••• B••••term loan first lien$176,000$173,000
104c
S+800 bp
M••••••••• H•••••• B•••term loan first lien$251,000$170,000
67c
S+675 bp
C••••• K•• F•••••• I• L••revolver lien unstated$169,000$166,000
100c
S+750 bp
T••••••••• I•••term loan unsecured or subordinated$300,000$166,000
56c
PIK 14.00%
A•••• I••••••••• L••revolver lien unstated$164,000$164,000
102c
S+475 bp
P••••••• D••••• H••••••• L••equity equityNot disclosed$164,000
69c
C••• B••••• L••equity equityNot disclosed$155,000
115c
S••••• A••••• I•••revolver lien unstated$349,000$152,000
44c
S+550 bp
A•••••• A•••••••• C•••••••••equity equityNot disclosed$152,000
87c
S••• B••••• L•••equity equityNot disclosed$149,000
48c
O•• H••••••• P••••••••• L••equity equityNot disclosed$147,000
107c
C••••••••• L••revolver lien unstated$148,000$146,000
101c
S+525 bp
R••••• H•••••••• I•••revolver lien unstated$157,000$146,000
101c
S+500 bp
S••••• P••••••• H•••••••• L••preferred equity equityNot disclosed$137,000
157c
P•••••••• M•••••notes lien unstated$137,000$136,000
99c
8.50%
P•••••••• M•••••notes lien unstated$137,000$136,000
99c
4.70%
P•••••••• M•••••notes lien unstated$137,000$136,000
99c
5.90%
P•••••••• M•••••notes lien unstated$137,000$136,000
99c
5.40%
L••••••••• L••equity equityNot disclosed$133,000
211c
N•• B•••• L••equity equityNot disclosed$133,000
140c
B••••• S••••• U••••••••• L••equity equityNot disclosed$133,000
94c
S••••• E••••• S••••••••• L••revolver lien unstated$149,000$131,000
94c
S+500 bp
T•• A••••••••• L••revolver lien unstated$132,000$129,000
101c
S+475 bp
D•••• I••••••••• H••••••• C••equity equityNot disclosed$125,000
133c
S••••• E••••• S••••••••• L••equity equityNot disclosed$124,000
87c
F••••• B••••• L••equity equityNot disclosed$124,000
102c
I•• I••••••••• I•••revolver lien unstated$116,000$116,000
105c
S+650 bp
C••••••• O••••••••• P••••••• C••••term loan first lien$2.0M$116,000
7c
S+700 bp
PIK 9.30%
F•• B•••• L••equity equityNot disclosed$107,000
123c
A•••••• C••••••• P•••••••• L••equity equityNot disclosed$103,000
117c
K••• H••••••• I•••revolver lien unstated$119,000$102,000
90c
S+525 bp
M••••••• A••••••••• I•••preferred equity equityNot disclosed$101,000
110c
I•• H•••• A••••••• L•••••equity equityNot disclosed$97,000
67c
A•• G•••• H•••••••• I•••revolver lien unstated$99,000$96,000
100c
S+525 bp
PIK 3.30%
H• A••••••• B•••• L••revolver lien unstated$93,000$91,000
100c
S+475 bp
T•••• B•••• L••equity equityNot disclosed$87,000
121c
B•• B••••• I•••revolver lien unstated$90,000$87,000
101c
S+500 bp
C•••••• R••••••••• S••••••• L••revolver lien unstated$99,000$86,000
89c
S+600 bp
M••••••••• H•••••• B•••term loan first lien$209,000$85,000
46c
S+600 bp
S•• M•••••• P•••••••• L•••revolver lien unstated$85,000$83,000
100c
S+475 bp
P•••••• C•••••••••equity equityNot disclosed$83,000
198c
B••• P•••••• L••revolver lien unstated$84,000$82,000
99c
S+475 bp
A•••••••• S••••••• C•••••• ••••• L••equity equityNot disclosed$82,000
85c
T•••• B•••• L••revolver lien unstated$87,000$81,000
98c
S+500 bp
M••••••••• H•••••• B•••revolver lien unstated$197,000$80,000
46c
S+550 bp
E•••••• M•••• L••••••term loan first lien$78,000$78,000
99c
S+500 bp
H••••••••• I•••equity equityNot disclosed$78,000
153c
B••••••• B••••• L••equity equityNot disclosed$77,000
124c
N• H•••••• L••equity equityNot disclosed$77,000
18c
D•••• I••••••••• H••••••• C••revolver lien unstated$77,000$75,000
104c
S+425 bp
H•••• S••••••• G•••• L••revolver lien unstated$85,000$75,000
91c
S+450 bp
M••••••• A••••••••• I•••revolver lien unstated$75,000$75,000
106c
S+525 bp
W••••••• R•••• L••unstated lien unstatedNot disclosed$75,000
1c
S••••• M•••• 2• I•••revolver lien unstated$77,000$73,000
100c
S+450 bp
C• B••••• L••equity equityNot disclosed$72,000
104c
G•• P•••••• I•••equity equityNot disclosed$70,000
81c
H••••••••• I•••revolver lien unstated$68,000$68,000
121c
S+450 bp
I•• S••••••• E••••••••• L••equity equityNot disclosed$66,000
100c
W••••••• F••••• L••preferred equity equityNot disclosed$66,000
100c
PIK 20.00%
A•• I•••••• P••••••••• L••equity equityNot disclosed$65,000
102c
A•••• B•••• L••••••term loan first lien$69,000$63,000
93c
S+670 bp
A••••••••• B••• C••• L••term loan unsecured or subordinated$55,000$55,000
100c
14.00%
F••••• B••••• L••equity equityNot disclosed$54,000
Q••• F•••••• L••term loan first lien$53,000$52,000
96c
S+525 bp
M•• B••••• L••equity equityNot disclosed$49,000
96c
G••• L••revolver lien unstated$51,000$49,000
102c
S+525 bp
R••••••• P•••• S••••••• I•••equity equityNot disclosed$49,000
60c
L•• B•••••••• L••revolver lien unstated$54,000$48,000
94c
S+525 bp
T••• A•• D••••••••• L••preferred equity equityNot disclosed$48,000
100c
Page 5 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