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

BlackRock Direct Lending Corp.

BDCnon-tradedCIK 1834543file 814-01378SANTA MONICA, CAmanaged by BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC
Fair value
$191M
as of Jun 30, 2026
Principal held
$207M
debt pieces, the filer's figure
Cost
$207M
92c on cost
Unfunded
n/a
commitments not yet drawn
Positions
263
102 borrowers
First lien
96%
99% debt by fair value
Quarters on the tape
15
since Dec 31, 2022
Facilities held
200
18 sponsors financed
Portfolio through time
Fair value by quarter end$191M as of Jun 30, 2026
Dec 31, 2022$1.5B then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$191M10293c40564 bp
Mar 31, 2026$202M10494c40576 bp
Dec 31, 2025$210M10795c0543 bp
Sep 30, 2025$231M11696c45574 bp
Jun 30, 2025$243M12094c48598 bp
Mar 31, 2025$1.2B13192c63605 bp
Dec 31, 2024$2.3B13294c123614 bp
Sep 30, 2024$1.3B13295c43625 bp
Jun 30, 2024$1.3B12096c37650 bp
Mar 31, 2024$1.3B13097c30657 bp
Dec 31, 2023$2.2B13597c64659 bp
Sep 30, 2023$1.3B12798c32667 bp
Jun 30, 2023$1.2B111n/a28671 bp
Mar 31, 2023$894M112n/a26659 bp
Dec 31, 2022$1.5B107102c23656 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
Every position change, including routine ones
Largest facilities held, with co-lenders
Schedule of investments at Jun 30, 2026
263 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
OpenMarket, Inc. (Infobip) (United Kingdom)
Wireless Telecommunication Services
term loan first lien$4.5M$4.5M
99c
SOFR+525 bpJun 11, 2029
ICIMS, Inc.
Professional Services
term loan first lien$4.7M$4.3M
92c
SOFR+575 bpAug 18, 2028
SitusAMC Holdings Corporation
Diversified Financial Services
term loan first lien$4.1M$4.1M
100c
SOFR+550 bpMay 14, 2031
Honey Intermediate, Inc. (iLobby) (Canada)
Software
term loan first lien$4.2M$4.1M
99c
9.89%
PIK 3.38%
Sep 30, 2030
Bluefin Holding, LLC (Allvue)
Software
term loan first lien$4.1M$4.1M
102c
SOFR+425 bpSep 12, 2029
Chronicle Parent LLC (Lexitas)
Professional Services
term loan first lien$4.1M$4.0M
100c
SOFR+500 bpApr 15, 2031
PMA Parent Holdings, LLC
Capital Markets
term loan first lien$3.9M$3.9M
100c
SOFR+475 bpJan 31, 2031
Debt Inv. Internet Software & Services e-Discovery Acquireco, LLC (Reveal)term loan first lien$4.1M$3.8M
94c
SOFR+625 bpAug 23, 2029
Fusion Risk Management, Inc.
Software
term loan first lien$3.7M$3.7M
101c
SOFR+600 bpMay 22, 2029
Fusion Holding Corp. (Finalsite)
Diversified Consumer Services
term loan first lien$4.1M$3.6M
89c
10.16%
PIK 2.00%
Sep 15, 2029
Serrano Parent, LLC (Sumo Logic)
IT Services
term loan first lien$3.9M$3.5M
91c
SOFR+650 bpMay 12, 2030
JF Acquisition, LLC (JF Petroleum)
Construction & Engineering
term loan first lien$3.4M$3.4M
101c
SOFR+575 bpJun 18, 2030
Thunder Purchaser, Inc. (Vector Solutions)
Software
term loan first lien$3.4M$3.3M
99c
SOFR+540 bpJun 30, 2028
Crewline Buyer, Inc. (New Relic)
IT Services
term loan first lien$3.5M$3.3M
95c
SOFR+675 bpNov 8, 2030
ESO Solutions, Inc.
Health Care Technology
term loan first lien$3.3M$3.3M
99c
SOFR+550 bpMay 3, 2027
Civicplus LLC
Internet Software & Services
term loan first lien$3.2M$3.2M
100c
9.67%
PIK 2.75%
Aug 24, 2030
Motive Technologies, Inc. (Keep Truckin)
Road & Rail
term loan first lien$3.0M$3.0M
100c
SOFR+736 bpApr 8, 2027
Zendesk Inc.
Software
term loan first lien$3.0M$2.9M
99c
SOFR+500 bpNov 22, 2028
Integrate.com, Inc.
Software
term loan first lien$3.1M$2.8M
90c
10.63%
PIK 2.25%
Dec 17, 2027
Greystone Affordable Housing Initiatives, LLC
Real Estate Management & Development
delayed draw term loan first lien$2.8M$2.8M
99c
SOFR+643 bpMar 2, 2027
GC Champion Acquisition LLC (Numerix)
Diversified Financial Services
term loan first lien$2.8M$2.7M
100c
SOFR+500 bpAug 21, 2028
AlphaSense, Inc.
Software
term loan first lien$2.7M$2.7M
101c
SOFR+625 bpJun 27, 2029
IQN Holding Corporation (Beeline)
Software
delayed draw term loan first lien$2.7M$2.6M
99c
SOFR+525 bpMay 2, 2029
Express Wash Acquisition Company, LLC (Whistle)
Diversified Consumer Services
term loan first lien$2.8M$2.6M
94c
SOFR+625 bpApr 10, 2031
AmeriLife Holdings, LLC
Insurance
term loan first lien$2.6M$2.6M
101c
SOFR+500 bpAug 31, 2029
Brown & Settle, Inc.
Construction & Engineering
term loan first lien$2.6M$2.5M
102c
SOFR+650 bpMay 16, 2030
MRO Parent Corporation
Health Care Technology
term loan first lien$2.5M$2.5M
101c
SOFR+450 bpJun 9, 2032
Internet and Catalog Retail Syndigo, LLCterm loan first lien$2.6M$2.5M
96c
SOFR+500 bpSep 2, 2032
Lightspeed Solutions, LLC
Software
term loan first lien$2.5M$2.5M
100c
SOFR+600 bpOct 2, 2028
Gympass US, LLC
Internet Software & Services
delayed draw term loan first lien$2.4M$2.4M
101c
10.26%
PIK 3.25%
Aug 29, 2029
Flexport Capital, LLC
Software
term loan first lien$2.4M$2.4M
100c
SOFR+550 bpJun 30, 2029
Dragos, Inc.
Software
term loan first lien$2.3M$2.3M
101c
SOFR+525 bpJun 30, 2030
JOBVITE, Inc. (Employ, Inc.)
Software
term loan first lien$2.8M$2.2M
80c
SOFR+750 bpAug 5, 2028
Griffon Bidco Inc. (Layerzero)
Electrical Equipment
term loan first lien$2.2M$2.2M
101c
SOFR+500 bpJul 31, 2031
JobandTalent USA, Inc. (United Kingdom)
Professional Services
term loan first lien$2.3M$2.1M
89c
10.39%
PIK 3.25%
Oct 13, 2028
Smarsh, Inc.
Software
term loan first lien$2.2M$2.1M
94c
SOFR+475 bpFeb 16, 2029
GTY Technology Holdings Inc.
Software
term loan first lien$2.1M$2.0M
98c
10.36%
PIK 4.13%
Jul 9, 2029
G-3 Apollo Acquisition Corp (Appriss
Software
term loan first lien$2.0M$2.0M
102c
SOFR+500 bpMar 10, 2031
FirstUp, Inc
Software
term loan first lien$2.1M$2.0M
92c
SOFR+675 bpJul 13, 2027
SRS Acquiom Holdings LLC
Capital Markets
term loan first lien$1.9M$1.9M
100c
SOFR+475 bpJan 14, 2032
Madison Logic Holdings, Inc.
IT Services
term loan first lien$2.2M$1.9M
85c
SOFR+700 bpDec 29, 2028
Greystone Select Company II, LLC (Passco)
Real Estate Management & Development
term loan first lien$1.8M$1.8M
100c
SOFR+661 bpMar 21, 2027
Aras Corporation
Software
term loan first lien$1.8M$1.8M
100c
SOFR+500 bpApr 13, 2029
CBI-Gator Acquisition, LLC
Health Care Providers & Services
term loan first lien$1.8M$1.7M
97c
10.32%
PIK 0.75%
Oct 25, 2027
Modigent, LLC (Pueblo)
Commercial Services & Supplies
term loan first lien$1.6M$1.6M
100c
SOFR+525 bpAug 23, 2028
AHF Parent Holding, Inc.
Construction Materials
term loan first lien$1.9M$1.6M
81c
SOFR+651 bpFeb 1, 2028
Dragos, Inc.
Software
delayed draw term loan first lien$1.5M$1.5M
101c
SOFR+525 bpJun 30, 2030
PHC Buyer, LLC (Patriot Home Care)
Health Care Providers & Services
term loan first lien$1.5M$1.4M
99c
SOFR+600 bpMay 4, 2028
EBS Parent Holdings Inc. (The Difference Card)
Insurance
term loan first lien$1.4M$1.4M
101c
SOFR+500 bpJul 1, 2032
JobandTalent USA, Inc. (United Kingdom)
Professional Services
term loan first lien$1.6M$1.4M
89c
10.39%
PIK 3.25%
Oct 13, 2028
GTY Technology Holdings Inc.
Software
delayed draw term loan first lien$1.4M$1.3M
97c
10.36%
PIK 4.13%
Jul 9, 2029
Stonebridge Companies, LLC
Hotels, Restaurants & Leisure
term loan first lien$1.3M$1.3M
102c
SOFR+500 bpMay 16, 2031
Streamland Media Midco LLC
Media
term loan first lien$1.5M$1.2M
85c
9.49%
PIK 5.76%
Mar 31, 2029
FSK Pallet Holding Corp. (Kamps)
Paper & Forest Products
term loan first lien$1.2M$1.2M
98c
SOFR+690 bpDec 23, 2026
Terraboost Media Operating Company, LLC
Media
term loan first lien$1.3M$1.2M
89c
SOFR+665 bpAug 23, 2026
Beekeeper Buyer Inc. (Archway)
Diversified Financial Services
term loan first lien$1.2M$1.2M
99c
SOFR+525 bpJun 30, 2031
Security Services Acquisition Sub Corp. (Protos)
Professional Services
term loan first lien$1.2M$1.2M
100c
SOFR+585 bpSep 30, 2027
Integrity Marketing Acquisition, LLC
Insurance
term loan first lien$1.1M$1.1M
100c
SOFR+500 bpAug 25, 2028
JobandTalent USA, Inc. (United Kingdom)
Professional Services
delayed draw term loan first lien$498,132$1.1M
227c
13.64%
PIK 9.00%
Oct 15, 2028
Modigent, LLC (Pueblo)
Commercial Services & Supplies
delayed draw term loan first lien$1.1M$1.1M
100c
SOFR+525 bpAug 23, 2028
Thermostat Purchaser III, Inc. (Reedy Industries)
Commercial Services & Supplies
term loan second lien$1.1M$1.1M
101c
SOFR+740 bpAug 31, 2029
Motive Technologies, Inc. (Keep Truckin)
Road & Rail
term loan first lien$1.0M$995,000
100c
SOFR+736 bpApr 8, 2027
SellerX Germany GMBH & Co. KG (Germany)
Diversified Consumer Services
revolver lien unstated$987,486$987,486
98c
SOFR+500 bpJun 18, 2029
FSK Pallet Holding Corp. (Kamps)
Paper & Forest Products
term loan first lien$990,688$969,836
98c
SOFR+640 bpDec 23, 2026
GTY Technology Holdings Inc.
Software
delayed draw term loan first lien$977,841$948,849
99c
10.28%
PIK 4.13%
Jul 7, 2029
Debt Inv. Life Sciences Tools & Services Alcami Corporationterm loan first lien$928,732$920,373
101c
SOFR+565 bpDec 21, 2029
Gympass US, LLC
Internet Software & Services
term loan first lien$872,171$872,171
100c
10.26%
PIK 3.25%
Aug 29, 2029
GC Champion Acquisition LLC (Numerix)
Diversified Financial Services
term loan first lien$865,587$855,931
100c
SOFR+500 bpAug 21, 2028
48forty Intermediate Holdings, Inc.
Paper and Forest Products
preferred equity equityn/a$850,706
87c
Vortex Companies, LLC
Commercial Services & Supplies
term loan first lien$799,720$797,321
101c
SOFR+500 bpSep 4, 2029
Kid Distro Holdings, LLC
Media
term loan first lien$795,780$786,535
99c
SOFR+425 bpOct 1, 2029
Logicmonitor, Inc
Software
term loan first lien$811,966$782,735
97c
SOFR+550 bpNov 19, 2031
TL Voltron Purchaser, LLC (GES)
Media
term loan first lien$797,381$779,839
99c
SOFR+525 bpDec 31, 2030
Community Merger Sub Debt LLC (CINC Systems)
Real Estate Management & Development
term loan first lien$785,714$779,767
101c
SOFR+525 bpJan 18, 2030
Gainwell Acquisition Corp.
Health Care Technology
term loan second lien$800,332$778,723
97c
SOFR+810 bpOct 2, 2028
AHF Parent Holding, Inc.
Construction Materials
term loan first lien$951,864$761,492
81c
SOFR+651 bpFeb 1, 2028
Vortex Companies, LLC
Construction & Engineering
term loan first lien$761,976$759,690
101c
SOFR+500 bpSep 4, 2029
GC Champion Acquisition LLC (Numerix)
Diversified Financial Services
delayed draw term loan first lien$766,708$758,155
100c
SOFR+500 bpAug 21, 2028
Applause App Quality, Inc.
Professional Services
term loan first lien$808,081$754,747
95c
SOFR+600 bpOct 24, 2029
Money Transfer Acquisition Inc.
Consumer Finance
term loan first lien$827,744$750,764
91c
SOFR+835 bpDec 14, 2027
Howlco, LLC, (Lone Wolf)
Software
term loan first lien$803,163$735,002
92c
10.33%
PIK 3.50%
Oct 23, 2027
LJ Avalon Holdings, LLC (Ardurra)
Construction & Engineering
term loan first lien$736,967$734,019
101c
SOFR+475 bpFeb 1, 2030
Titan Home Improvement, LLC (Renuity)
Construction & Engineering
term loan first lien$731,163$731,163
102c
SOFR+475 bpMay 31, 2030
Huckabee Acquisition, LLC (MOREgroup)
Professional Services
term loan first lien$725,242$721,616
102c
SOFR+525 bpJan 16, 2030
Intercept Bidco, Inc.
IT Services
term loan first lien$718,611$705,676
100c
SOFR+575 bpJun 3, 2030
JobandTalent USA, Inc. (United Kingdom)
Professional Services
delayed draw term loan first lien$778,586$693,235
89c
10.39%
PIK 3.25%
Oct 13, 2028
Clever Devices Ltd.
Software
term loan first lien$691,765$691,765
103c
SOFR+600 bpJun 12, 2030
SellerX Germany GMBH & Co. KG (Germany)
Diversified Consumer Services
term loan first lien$968,104$661,215
68c
12.73%
PIK 8.47%
Dec 31, 2028
Civicplus LLC
Internet Software & Services
delayed draw term loan first lien$669,468$659,359
100c
9.67%
PIK 2.75%
Aug 24, 2030
Kid Distro Holdings, LLC
Media
term loan first lien$662,920$655,218
100c
SOFR+425 bpOct 1, 2029
Oak Purchaser, Inc. (DaySmart)
Software
term loan first lien$650,015$640,915
100c
SOFR+550 bpMay 31, 2028
JobandTalent USA, Inc. (United Kingdom)
Professional Services
delayed draw term loan first lien$692,076$616,209
89c
10.39%
PIK 3.25%
Oct 13, 2028
Nvest, Inc. (SigFig)
Software
term loan first lien$684,685$609,915
89c
SOFR+750 bpSep 15, 2026
Appriss Health, LLC (PatientPing)
Health Care Technology
term loan first lien$556,230$556,223
100c
SOFR+485 bpMay 6, 2027
Suited Connector, LLC
Internet Software & Services
term loan first lien$552,902$552,902
100c
SOFR+600 bpMar 31, 2030
Lightspeed Solutions, LLC
Software
term loan first lien$553,102$547,556
100c
SOFR+600 bpMar 1, 2028
Vortex Companies, LLC
Construction & Engineering
delayed draw term loan first lien$518,318$516,763
101c
SOFR+500 bpSep 4, 2029
Integrate.com, Inc.
Software
term loan first lien$573,717$516,058
91c
10.57%
PIK 2.25%
Dec 17, 2027
Motive Technologies, Inc. (Keep Truckin)
Road & Rail
term loan first lien$516,650$514,067
100c
SOFR+736 bpApr 8, 2027
Alpine Acquisition Corp II (48Forty)
Paper & Forest Products
term loan first lien$510,612$510,612
100c
SOFR+525 bpJan 14, 2031
Page 1 of 3Next
Registration
Fiscal year end
1231reported
Incorporated
DEreported
On the SEC BDC report
2024 to 2026reported
Filings listed
19reported10-Q and 10-K since 2022
Latest schedule
0001193125-26-337958reported