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

Carlyle Secured Lending III

BDCnon-tradedCIK 1851277file 814-01410NEW YORK, NYmanaged by CSL III ADVISOR, LLC
Fair value
$386M
as of Sep 30, 2024
Principal held
$393M
debt pieces, the filer's figure
Cost
$382M
101c on cost
Unfunded
$77.4M
commitments not yet drawn
Positions
194
92 borrowers
First lien
99%
100% debt by fair value
Quarters on the tape
8
since Dec 31, 2022
Facilities held
0
0 sponsors financed
Portfolio through time
Fair value by quarter end$386M as of Sep 30, 2024
Dec 31, 2022$200M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Sep 30, 2024$386M92101c9591 bp
Jun 30, 2024$369M85101c8610 bp
Mar 31, 2024$347M81102c11597 bp
Dec 31, 2023$373M78102c10613 bp
Sep 30, 2023$277M73101c7620 bp
Jun 30, 2023$262M70100c4625 bp
Mar 31, 2023$237M67100c3626 bp
Dec 31, 2022$200M6499c3617 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 Sep 30, 2024
    194 positions
    BorrowerInstrumentPrincipalFair valueRateMaturity
    North Haven Fairway Buyer, LLC
    Consumer Services
    		term loan first lien$15.1M$15.1M
    101c
    		S+650 bp
    Ascend Buyer, LLC
    Containers, Packaging & Glass
    		term loan first lien$14.6M$14.6M
    102c
    		S+575 bp
    Spotless Brands, LLC
    Consumer Services
    		term loan first lien$14.1M$14.1M
    101c
    		S+575 bp
    Radwell Parent, LLC
    Wholesale
    		term loan first lien$13.9M$13.9M
    103c
    		S+550 bp
    Dwyerterm loan first lien$13.7M$13.7M
    101c
    		S+575 bp
    Avalara, Inc.
    Diversified Financial Services
    		term loan first lien$13.5M$13.6M
    103c
    		S+625 bp
    Trader Corporation (Canada), Auto Aftermarket & Servicesterm loan first lien$16.7M$12.4M
    103c
    		S+550 bp
    Apex Companies Holdings, LLC
    Environmental Industries
    		term loan first lien$12.3M$12.2M
    102c
    		S+550 bp
    Accession Risk Management Group, Inc.
    Diversified Financial Services
    		term loan first lien$12.0M$12.0M
    101c
    		S+475 bp
    Park County Holdings, LLC
    Media: Advertising, Printing & Publishing
    		term loan first lien$11.5M$11.4M
    101c
    		S+728 bp
    Denali Midco 2, LLC
    Consumer Services
    		term loan first lien$9.9M$9.9M
    102c
    		S+650 bp
    BlueCat Networks, Inc. (Canada)
    High Tech Industries
    		term loan first lien$9.8M$9.8M
    101c
    		S+575 bp
    NEFCO Holding Company LLC
    Construction & Building
    		term loan first lien$9.7M$9.6M
    102c
    		S+575 bp
    SCP Eye Care HoldCo, LLC
    Healthcare & Pharmaceuticals
    		term loan first lien$9.1M$9.0M
    103c
    		S+550 bp
    Eliassen Group, LLC
    Business Services
    		term loan first lien$8.7M$8.5M
    100c
    		S+575 bp
    Alpine Acquisition Corp II
    Transportation: Cargo
    		term loan first lien$9.8M$8.2M
    85c
    		S+600 bp
    Oranje Holdco, Inc.
    Business Services
    		term loan first lien$8.1M$8.0M
    102c
    		S+750 bp
    Vensure Employer Services, Inc.
    Business Services
    		term loan first lien$7.7M$7.6M
    99c
    		S+500 bp
    Tufin Software North America, Inc.
    Software
    		term loan first lien$7.6M$7.5M
    101c
    		S+695 bp
    Excelitas Technologies Corp.
    Capital Equipment
    		term loan first lien$7.2M$7.3M
    102c
    		S+525 bp
    Diligent Corporation
    Telecommunications
    		term loan first lien$7.2M$7.2M
    101c
    		S+500 bp
    ADPD Holdings, LLC
    Consumer Services
    		term loan first lien$8.1M$6.9M
    88c
    		S+600 bp
    Pestco Intermediate, LLC
    Environmental Industries
    		term loan first lien$6.7M$6.9M
    105c
    		S+600 bp
    Associations, Inc.
    Construction & Building
    		term loan first lien$6.6M$6.6M
    101c
    		S+650 bp
    Oak Purchaser, Inc.
    Business Services
    		term loan first lien$6.7M$6.6M
    99c
    		S+550 bp
    Allied Benefit Systems Intermediate LLC
    Healthcare & Pharmaceuticals
    		term loan first lien$6.1M$6.2M
    102c
    		S+525 bp
    Guidehouse LLP
    Sovereign & Public Finance
    		term loan first lien$6.0M$6.1M
    101c
    		S+375 bp
    PIK 2.00%
    PDI TA Holdings, Inc
    Software
    		term loan first lien$5.5M$5.4M
    100c
    		S+525 bp
    QNNECT, LLC
    Aerospace & Defense
    		term loan first lien$5.3M$5.3M
    104c
    		S+675 bp
    The Chartis Group, LLC
    Healthcare & Pharmaceuticals
    		term loan first lien$5.2M$5.1M
    100c
    		S+450 bp
    CST Holding Company, Consumer Goods: Non-Durableterm loan first lien$4.9M$4.9M
    102c
    		S+500 bp
    Bradyifs Holdings, LLC
    Wholesale
    		term loan first lien$4.8M$4.8M
    102c
    		S+600 bp
    Summit Acquisition, Inc.
    Diversified Financial Services
    		term loan first lien$4.4M$4.5M
    106c
    		S+650 bp
    Athlete Buyer, LLC
    Construction & Building
    		term loan first lien$4.6M$4.5M
    101c
    		S+650 bp
    GS AcquisitionCo, Inc.
    Software
    		term loan first lien$4.4M$4.4M
    101c
    		S+525 bp
    iRobot Corporation
    Consumer Goods: Durable
    		term loan first lien$4.4M$4.2M
    97c
    		S+650 bp
    PIK 2.50%
    North Haven Stallone Buyer, LLC
    Consumer Services
    		term loan first lien$4.1M$4.0M
    101c
    		S+600 bp
    Excel Fitness Holdings, Inc., Leisure Products & Servicesterm loan first lien$4.1M$4.0M
    100c
    		S+525 bp
    CD&R Madison Parent Ltd (United Kingdom)
    Business Services
    		term loan first lien$2.8M$3.8M
    116c
    		S+645 bp
    PIK 2.00%
    USR Parent Inc.
    Retail
    		term loan first lien$3.4M$3.4M
    100c
    		S+760 bp
    Oranje Holdco, Inc.
    Business Services
    		term loan first lien$3.4M$3.3M
    100c
    		S+725 bp
    Azurite Intermediate Holdings, Inc.
    Software
    		term loan first lien$3.2M$3.2M
    102c
    		S+650 bp
    IQN Holding Corp.
    Business Services
    		term loan first lien$3.1M$3.1M
    101c
    		S+525 bp
    Celerion Buyer, Inc.
    Healthcare & Pharmaceuticals
    		term loan first lien$3.1M$3.1M
    103c
    		S+550 bp
    United Flow Technologies Intermediate Holdco II, LLC
    Environmental Industries
    		term loan first lien$3.0M$3.0M
    101c
    		S+525 bp
    Auditboard, Inc.
    Software
    		term loan first lien$3.0M$2.9M
    100c
    		S+475 bp
    Generator Buyer, Inc. (Canada)
    Energy: Electricity
    		term loan first lien$4.0M$2.9M
    101c
    		S+525 bp
    Ardonagh Midco 3 PLC (United Kingdom)
    Diversified Financial Services
    		term loan first lien$2.8M$2.8M
    100c
    		S+475 bp
    Associations, Inc.
    Construction & Building
    		term loan second lien$2.6M$2.6M
    100c
    		S+1425 bp
    Big Bus Tours Group Limited (United Kingdom), Leisure Products & Servicesterm loan first lien$2.7M$2.6M
    100c
    		S+825 bp
    Icefall Parent, Inc.
    Software
    		term loan first lien$2.6M$2.6M
    101c
    		S+650 bp
    Excel Fitness Holdings, Inc., Leisure Products & Servicesterm loan first lien$2.4M$2.4M
    103c
    		S+550 bp
    Kaseya, Inc.
    High Tech Industries
    		term loan first lien$2.3M$2.3M
    104c
    		S+550 bp
    AI Grace AUS Bidco Pty LTD (Australia), Consumer Goods: Non-Durableterm loan first lien$2.3M$2.3M
    103c
    		S+650 bp
    Coupa Holdings, LLC
    Software
    		term loan first lien$2.2M$2.2M
    103c
    		S+550 bp
    Bingo Group Buyer, Inc.
    Business Services
    		term loan first lien$2.1M$2.1M
    101c
    		S+500 bp
    Medical Manufacturing Technologies, LLC
    Healthcare & Pharmaceuticals
    		term loan first lien$1.9M$1.9M
    100c
    		S+575 bp
    Excelitas Technologies Corp.
    Capital Equipment
    		term loan first lien$1.6M$1.8M
    107c
    		S+525 bp
    Big Bus Tours Group Limited (United Kingdom), Leisure Products & Servicesterm loan first lien$1.7M$1.8M
    102c
    		S+825 bp
    CoreWeave Compute Acquisition Co. II, LLC
    High Tech Industries
    		term loan first lien$1.7M$1.6M
    99c
    		S+600 bp
    CD&R Madison Parent Ltd (United Kingdom)
    Business Services
    		term loan first lien$1.2M$1.4M
    110c
    		S+595 bp
    PIK 2.00%
    CoreWeave Compute Acquisition Co. II, LLC
    High Tech Industries
    		term loan first lien$1.2M$1.2M
    102c
    		S+962 bp
    Project Castle, Inc.
    Capital Equipment
    		term loan first lien$980,000$892,000
    99c
    		S+550 bp
    HS Spa Holdings Inc.
    Consumer Services
    		term loan first lien$883,000$889,000
    102c
    		S+525 bp
    ACR Group Borrower, LLC
    Aerospace & Defense
    		term loan first lien$867,000$867,000
    102c
    		S+500 bp
    Birsa S.p.A. (Italy)
    Healthcare & Pharmaceuticals
    		term loan first lien$793,000$829,000
    104c
    		S+600 bp
    Essential Services Holding Corporation
    Consumer Services
    		term loan first lien$758,000$749,000
    100c
    		S+500 bp
    Atlas US Finco, Inc.
    High Tech Industries
    		term loan first lien$723,000$719,000
    102c
    		S+575 bp
    Oak Purchaser, Inc.
    Business Services
    		term loan first lien$758,000$717,000
    99c
    		S+550 bp
    Artifact Bidco, Inc.
    Software
    		term loan first lien$704,000$693,000
    100c
    		S+450 bp
    Applied Technical Services, LLC
    Business Services
    		term loan first lien$522,000$505,000
    100c
    		S+575 bp
    Applied Technical Services, LLC
    Business Services
    		term loan first lien$374,000$370,000
    100c
    		S+600 bp
    PF Atlantic Holdco 2, LLC, Leisure Products & Servicesterm loan first lien$317,000$352,000
    135c
    		S+600 bp
    Atlas US Finco, Inc.
    High Tech Industries
    		term loan first lien$335,000$333,000
    102c
    		S+575 bp
    Talon MidCo 1 Limited
    Software
    		unstated lien unstatedn/a$248,000
    128c
    QBS Parent, Inc.
    Energy: Oil & Gas
    		term loan first lien$249,000$243,000
    98c
    		S+425 bp
    North Haven Stallone Buyer, LLC
    Consumer Services
    		term loan first lien$198,000$195,000
    100c
    		S+575 bp
    NEFCO Holding Company LLC
    Construction & Building
    		unstated lien unstatedn/a$152,000
    100c
    Summit K2 Midco, Inc.
    Diversified Financial Services
    		unstated lien unstatedn/a$139,000
    153c
    NearU Holdings LLC
    Consumer Services
    		unstated lien unstatedn/a$134,000
    27c
    FS NU Investors, LP
    Consumer Services
    		unstated lien unstatedn/a$29,000
    100c
    FPG Intermediate Holdco, LLC
    Consumer Services
    		term loan first lien$37,000$28,000
    76c
    		S+275 bp
    PIK 4.00%
    LVF Holdings, Inc., Beverage & Foodterm loan first lien$20,000$20,000
    100c
    		S+575 bp
    Maverick Acquisition, Inc.
    Aerospace & Defense
    		term loan first lien$21,000$17,000
    81c
    		S+625 bp
    AP Plastics Acquisition Holdings, LLC
    Chemicals, Plastics & Rubber
    		term loan second lien$10,000$10,000
    100c
    		S+725 bp
    Quantic Electronics, LLC
    Aerospace & Defense
    		term loan first lien$7,000$7,000
    100c
    		S+625 bp
    11852604 Canada Inc. (Canada)
    Healthcare & Pharmaceuticals
    		term loan second lien$5,000$5,000
    100c
    		S+950 bp
    PIK 100.00%
    PXO Holdings I Corp.
    Chemicals, Plastics & Rubber
    		term loan first lien$5,000$5,000
    100c
    		S+550 bp
    PF Atlantic Holdco 2, LLC, Leisure Products & Servicesterm loan first lien$5,000$5,000
    125c
    		S+550 bp
    Material Holdings, LLC
    Business Services
    		term loan first lien$4,000$4,000
    100c
    		S+180 bp
    PIK 4.20%
    Hoosier Intermediate, LLC
    Healthcare & Pharmaceuticals
    		term loan first lien$4,000$4,000
    100c
    		S+500 bp
    Wineshipping.com LLC, Beverage & Foodterm loan first lien$4,000$3,000
    75c
    		S+575 bp
    Ellkay, LLC
    Healthcare & Pharmaceuticals
    		term loan first lien$3,000$3,000
    100c
    		S+550 bp
    PIK 2.00%
    Yellowstone Buyer Acquisition, LLC
    Consumer Goods: Durable
    		term loan first lien$2,000$2,000
    100c
    		S+575 bp
    Jeg's Automotive, LLC
    Automotive
    		term loan first lien$4,000$2,000
    50c
    		S+600 bp
    DCA Investment Holding LLC
    Healthcare & Pharmaceuticals
    		term loan first lien$2,000$2,000
    100c
    		S+641 bp
    Blackbird Holdco, Inc.
    Capital Equipment
    		unstated lien unstatedn/a$2,000
    100c
    Hercules Borrower LLC
    Environmental Industries
    		term loan first lien$1,000$1,000
    100c
    		S+550 bp
    Smarsh Inc.
    Software
    		term loan first lien$1,000$1,000
    100c
    		S+575 bp
    Pascal Ultimate Holdings, L.P
    Capital Equipment
    		unstated lien unstatedn/a$0
    Page 1 of 2Next
    Registration
    Fiscal year end
    1231reported
    Incorporated
    DEreported
    On the SEC BDC report
    2021 to 2024reported
    Filings listed
    12reported10-Q and 10-K since 2022
    Latest schedule
    0001851277-24-000032reported