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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

BDC portfolio

M•• I••••••••• C••••

BDCnon-tradedCIK 1849894file 814-01481NEW YORK, NYadviser not yet read from the 10-K
Fair value
$6.9B
as of Jun 30, 2026
Principal held
$6.9B
debt pieces, the filer's figure
Cost
$6.9B
100c on cost
Unfunded
$326,000
commitments not yet drawn
Positions
349
127 borrowers
First lien
1%
100% debt by fair value
Quarters on the tape
15
since Dec 31, 2022
Facilities held
188
11 sponsors financed
Portfolio through time
Fair value by quarter end$6.9B as of Jun 30, 2026
Dec 31, 2022$4.9B then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$6.9B127100c21564 bp
Mar 31, 2026$6.8B11499c28555 bp
Dec 31, 2025$6.4B111100c24557 bp
Sep 30, 2025$5.6B102100c25564 bp
Jun 30, 2025$5.1B98100c22569 bp
Mar 31, 2025$25B95100c22570 bp
Dec 31, 2024$23B104100c22573 bp
Sep 30, 2024$21B95100c13576 bp
Jun 30, 2024$17B84100c13577 bp
Mar 31, 2024$13B68100c10597 bp
Dec 31, 2023$11B63100c8613 bp
Sep 30, 2023$8.8B5799c8630 bp
Jun 30, 2023$7.9B5699c8633 bp
Mar 31, 2023$6.0B4797c6642 bp
Dec 31, 2022$4.9B4196c6648 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

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
349 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
S•••••• P••••••• and Analysis, Inc.revolver second lienn/an/a
A••• H•••••• C•••orationrevolver lien unstatedn/an/a
S•••••• A•revolver lien unstatedn/an/a
S••••••• M•••••••••revolver lien unstatedn/an/a
L••••• N••••••• L••delayed draw term loan lien unstatedn/an/a
G•••• D•• I••••••••• L••revolver lien unstatedn/an/a
T•••••••revolver lien unstatedn/an/a
E••••••• C•••• T••••••••• I••.revolver first lienn/an/a
K••• U• B•••• L••delayed draw term loan lien unstatedn/an/a
P•••••• Holdings Co Increvolver lien unstatedn/an/a
R•• F•• C• A••••••••• C•••.delayed draw term loan lien unstatedn/an/a
S•• C••••revolver lien unstatedn/an/a
B••••• G•••••revolver second lienn/an/a
P•••••• Holding Co Increvolver lien unstatedn/an/a
S•••••• P••••••• and Analysis, Inc.delayed draw term loan second lienn/an/a
T••• T••••• Advisory B•••••••, LLCdelayed draw term loan lien unstatedn/an/a
D••• H••••••• C•••.delayed draw term loan lien unstatedn/an/a
B••• T•••• L••delayed draw term loan lien unstatedn/an/a
C•••••• T•••revolver lien unstatedn/an/a
F••• I••.revolver lien unstatedn/an/a
H••••••• H•••••, L.P.delayed draw term loan lien unstatedn/an/a
S•• H••••••• C•••delayed draw term loan lien unstatedn/an/a
T••• T••••• Advisory B•••••••, LLCrevolver lien unstatedn/an/a
Foundation R••• Partnersdelayed draw term loan lien unstatedn/an/a
H••••• U• B•••• L••••••revolver lien unstatedn/an/a
Agrofreshrevolver lien unstatedn/an/a
T••• T••••• Advisory B•••••••, LLCrevolver lien unstatedn/an/a
T••••••• P••••••revolver lien unstatedn/an/a
S•••••• P••••••• and Analysis, Inc.revolver second lienn/an/a
S•• M••••• S••• L••delayed draw term loan lien unstatedn/an/a
N•••••• Partners, Inc.revolver second lienn/an/a
S•••••• B••••••• B••••••• C•.revolver lien unstatedn/an/a
S•••••• B••••••• B••••••• C•.delayed draw term loan lien unstatedn/an/a
H••••••• I••••••••• L••delayed draw term loan first lienn/an/a
H•••• E••••••• G••••• L••revolver lien unstatedn/an/a
F••••••••delayed draw term loan first lienn/an/a
P••••• C••• C••••••revolver lien unstatedn/an/a
D••• H••••••• C•••.revolver lien unstatedn/an/a
I••••••• P•• N••••••••delayed draw term loan first lienn/an/a
H•••• E••••••• G••••• L••revolver lien unstatedn/an/a
Foundation R••• Partnersrevolver lien unstatedn/an/a
B••• T•••• L••delayed draw term loan lien unstatedn/an/a
P••••••••• H••••••• C•••delayed draw term loan lien unstatedn/an/a
A••• H•••••• C•••orationrevolver lien unstatedn/an/a
L•••••• H•••••••••revolver lien unstatedn/an/a
Agrofreshrevolver lien unstatedn/an/a
L•••••• H•••••••••revolver lien unstatedn/an/a
K• S•••• I••.delayed draw term loan lien unstatedn/an/a
S•••••• C•••••• L••delayed draw term loan lien unstatedn/an/a
Page 4 of 4Previous
Registration
Fiscal year end
1231reported
Incorporated
MDreported
On the SEC BDC report
2022 to 2026reported
Filings listed
18reported10-Q and 10-K since 2022
Former names
MSD Investment, LLC; MSD Investment Corp., LLCreported
Latest schedule
0001193125-26-352436reported