DFX Intelligence
Private Credit Intelligence
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
Barings Private Credit Corp
Fair value
$5.4B
as of Jun 30, 2026
Principal held
$5.1B
debt pieces, the filer's figure
Cost
$5.3B
101c on cost
Unfunded
$987M
commitments not yet drawn
Positions
1,061
530 borrowers
First lien
84%
93% debt by fair value
Quarters on the tape
16
since Dec 31, 2021
Facilities held
964
67 sponsors financed
Portfolio through time
Fair value by quarter end$5.4B as of Jun 30, 2026
Jul 8, 2021$76.2M then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $5.4B | 530 | 99c | 67 | 481 bp |
| May 27, 2026 | $20.0M | 1 | n/a | 0 | n/a |
| Mar 31, 2026 | $5.3B | 494 | 98c | 67 | 493 bp |
| Dec 31, 2025 | $4.9B | 517 | 100c | 69 | 502 bp |
| Nov 25, 2025 | $35.0M | 1 | n/a | 0 | n/a |
| Sep 30, 2025 | $4.6B | 398 | 100c | 70 | 527 bp |
| Jun 30, 2025 | $4.1B | 355 | 100c | 66 | 545 bp |
| Mar 31, 2025 | $3.5B | 324 | 99c | 63 | 558 bp |
| Dec 31, 2024 | $6.6B | 393 | 99c | 117 | 567 bp |
| Sep 30, 2024 | $3.0B | 322 | 99c | 58 | 577 bp |
| Jun 30, 2024 | $2.8B | 306 | 99c | 56 | 582 bp |
| Mar 31, 2024 | $2.7B | 311 | 99c | 57 | 586 bp |
| Dec 31, 2023 | $3.3B | 340 | 100c | 59 | 586 bp |
| Sep 30, 2023 | $2.3B | 305 | 97c | 39 | 586 bp |
| Jun 30, 2023 | $2.2B | 295 | 98c | 30 | 583 bp |
| Mar 31, 2023 | $2.3B | 294 | 98c | 29 | 585 bp |
| Feb 1, 2023 | $12.0M | 1 | n/a | 0 | n/a |
| Dec 31, 2022 | $2.6B | 314 | 98c | 32 | 581 bp |
| Aug 12, 2022 | $16.0M | 1 | n/a | 0 | n/a |
| Dec 31, 2021 | $117M | 3 | n/a | 0 | n/a |
| Sep 1, 2021 | n/a | 2 | n/a | 0 | n/a |
| Jul 8, 2021 | $76.2M | 1 | n/a | 0 | n/a |
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
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
Largest facilities held, with co-lenders
- PDQ.com Corporation first lien term loan13 BDCs hold it · matures Oct 1, 2032$79.8M 99c
- Bitly, Inc first lien term loan3 BDCs hold it$77.3M 100c
- AMP Purchaser, LLC first lien term loan6 BDCs hold it · matures Apr 1, 2033$72.8M 100c
- Screenvision, LLC first lien term loan3 BDCs hold it$71.4M 100c
- CGI Parent, LLC first lien term loan3 BDCs hold it$70.2M 100c
- VB Spine Intermediary II LLC first lien term loan3 BDCs hold it$70.2M 100c
- RPX Corporation first lien term loan3 BDCs hold it$69.4M 100c
- ATL II MRO Holdings Inc first lien term loan3 BDCs hold it$61.6M 100c
- Vital Buyer, LLC first lien term loan5 BDCs hold it · matures Aug 7, 2030$61.2M 100c
- Premium Franchise Brands, LLC first lien term loan3 BDCs hold it$59.8M 100c
- Policy Services Company, LLC first lien term loan3 BDCs hold it$58.3M 91c
- Forest Buyer, LLC first lien term loan5 BDCs hold it$57.3M 94c
Schedule of investments at Jun 30, 2026
1,061 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| Rocade Holdings LLC | preferred equity equity | n/a | $141M 100c | S+600 bp | |
| Rocade Holdings LLC | unstated lien unstated | n/a | $115M | ||
| PDQ.Com Corporation | term loan first lien | $79.8M | $78.7M 99c | S+450 bp | |
| Bitly, Inc. | term loan first lien | $77.3M | $76.7M 100c | S+450 bp | |
| AMP Purchaser, LLC | term loan first lien | $72.8M | $72.4M 100c | S+450 bp | |
| Screenvision, LLC | term loan first lien | $71.4M | $70.3M 100c | S+500 bp | |
| CGI Parent, LLC | term loan first lien | $70.2M | $69.9M 100c | S+450 bp | |
| RPX Corporation | term loan first lien | $69.4M | $68.7M 100c | S+550 bp | |
| VB Spine Intermediary II LLC | term loan first lien | $70.2M | $68.1M 100c | S+500 bp PIK 4.40% | |
| ATL II MRO Holdings Inc. | term loan first lien | $61.6M | $61.0M 100c | S+475 bp | |
| Vital Buyer, LLC | term loan first lien | $61.2M | $60.8M 100c | S+450 bp | |
| Premium Franchise Brands, LLC | term loan first lien | $59.8M | $59.4M 100c | S+575 bp | |
| Forest Buyer, LLC | term loan first lien | $57.3M | $53.5M 94c | S+500 bp | |
| PAS Chassis Holdco LLC | term loan second lien | $54.3M | $53.3M 100c | S+550 bp | |
| Policy Services Company, LLC | term loan first lien | $58.3M | $52.5M 91c | S+600 bp PIK 4.00% | |
| Whitcraft Holdings, Inc. | term loan first lien | $52.1M | $51.8M 100c | S+500 bp | |
| ASC Communications, LLC | term loan first lien | $50.4M | $50.1M 100c | S+450 bp | |
| Octane Purchaser Inc. | term loan first lien | $50.3M | $50.1M 100c | S+435 bp | |
| Saab Purchaser, Inc. | term loan first lien | $50.2M | $49.6M 100c | S+450 bp | |
| Rocade Holdings LLC { | term loan second lien | n/a | $49.6M | ||
| J&J Ventures Gaming, LLC | term loan first lien | $49.8M | $49.6M 100c | S+500 bp | |
| LHS Borrower, LLC | term loan first lien | $50.4M | $49.0M 99c | S+525 bp | |
| Durare Bidco, LLC | term loan first lien | $49.5M | $48.9M 100c | S+475 bp | |
| Rocade Holdings LLC | term loan second lien | $49.6M | $48.5M 100c | S+800 bp | |
| Swoop Intermediate III, Inc. | term loan first lien | $48.1M | $48.1M 100c | S+450 bp | |
| FL Hawk Intermediate Holdings, Inc. (f/k/a Fineline Technologies, Inc.) | term loan first lien | $44.4M | $44.4M 100c | S+450 bp | |
| Caldwell & Gregory LLC | term loan first lien | $44.0M | $44.0M 101c | S+475 bp | |
| Shelf Bidco Ltd | term loan lien unstated | $43.9M | $43.7M 100c | S+475 bp | |
| G-3 Chickadee Purchaser, LLC | term loan first lien | $44.1M | $43.3M 100c | S+575 bp | |
| Next Holdco, LLC | term loan first lien | $43.1M | $43.0M 101c | S+525 bp | |
| OSP Hamilton Purchaser, LLC | term loan first lien | $42.8M | $42.4M 100c | S+425 bp | |
| Woodland Foods, LLC | term loan first lien | $41.9M | $41.6M 100c | S+525 bp | |
| FSS Buyer LLC | term loan first lien | $40.2M | $40.2M 100c | S+450 bp | |
| Real Chemistry Intermediate III, Inc. | term loan first lien | $38.9M | $38.5M 99c | S+450 bp | |
| TSYL Corporate Buyer, Inc. | term loan first lien | $37.8M | $37.7M 101c | S+450 bp | |
| TAPCO Buyer LLC | term loan first lien | $37.1M | $36.5M 100c | S+500 bp | |
| RKD Group, LLC | term loan first lien | $36.6M | $36.3M 100c | S+525 bp | |
| BNI Global, LLC | term loan first lien | $35.9M | $35.9M 106c | S+550 bp | |
| CloudOne Digital Corp. | term loan first lien | $34.3M | $34.0M 100c | S+475 bp | |
| CEC Entertainment, LLC | term loan first lien | $34.3M | $33.9M 100c | S+600 bp | |
| AWP Group Holdings, Inc. | term loan first lien | $34.1M | $33.9M 100c | S+525 bp PIK 3.30% | |
| HomeX Services Group LLC | term loan first lien | $34.3M | $32.7M 97c | S+450 bp | |
| World 50, Inc. | term loan first lien | $32.4M | $32.4M 101c | S+450 bp | |
| Tencarva Machinery Company, LLC | term loan first lien | $31.3M | $31.0M 100c | S+475 bp | |
| LeadsOnline, LLC | term loan first lien | $30.9M | $30.7M 100c | S+450 bp | |
| Superjet Buyer, LLC | term loan first lien | $31.2M | $30.7M 99c | S+505 bp | |
| WEST-NR ACQUISITIONCO, LLC | term loan first lien | $30.2M | $30.2M 101c | S+500 bp | |
| Kid Distro Holdings, LLC | term loan first lien | $29.5M | $29.5M 100c | S+425 bp | |
| Lido Purchaser, Inc. | term loan first lien | $28.4M | $28.2M 100c | S+475 bp | |
| Everest Midco Limited | term loan first lien | $26.9M | $26.6M 100c | S+475 bp | |
| TA KHP Aggregator, L.P. | term loan unsecured or subordinated | $26.7M | $26.5M 100c | PIK 12.30% | |
| SPATCO Energy Solutions, LLC | term loan first lien | $26.8M | $26.0M 98c | S+500 bp | |
| HS Advisory Buyer LLC | term loan first lien | $26.2M | $25.9M 100c | S+475 bp | |
| Skyvault Holdings LLC | term loan first lien | $25.8M | $25.8M 100c | S+1200 bp PIK 12.00% | |
| Randys Holdings, Inc. | term loan first lien | $25.5M | $25.0M 100c | S+500 bp | |
| The Caprock Group, Inc. (aka TA/TCG Holdings, LLC) | term loan first lien | $25.0M | $24.8M 100c | S+450 bp | |
| UHY Advisors, Inc. | term loan first lien | $24.8M | $24.8M 101c | S+475 bp | |
| Xeinadin Bidco Limited | term loan first lien | $24.6M | $24.6M 106c | S+625 bp | |
| Prime Power Solutions, LLC | Second Lien Senior Secured Term | term loan second lien | $25.0M | $24.5M 100c | S+550 bp | |
| Napa Bidco Pty Ltd | term loan first lien | $24.0M | $24.0M 100c | S+500 bp | |
| OSP Lakeside Intermediate Holdings 2, LLC | term loan first lien | $25.5M | $23.9M 95c | S+550 bp | |
| Comply365, LLC | term loan first lien | $23.8M | $23.7M 101c | S+525 bp | |
| Northstar Recycling, LLC | term loan first lien | $23.6M | $23.6M 101c | S+440 bp | |
| SCP CDH Buyer, Inc. | term loan first lien | $23.0M | $22.8M 100c | S+450 bp | |
| Heavy Construction Systems Specialists, LLC | term loan first lien | $22.0M | $22.0M 101c | S+675 bp | |
| Apex Service Partners, LLC | term loan first lien | $21.9M | $21.8M 101c | S+475 bp | |
| Discovery Buyer, L.P. | term loan first lien | $21.7M | $21.5M 100c | S+500 bp | |
| Syntax Midco 2 Inc. | term loan first lien | $21.8M | $21.5M 100c | S+450 bp | |
| TA KHP Aggregator, L.P. | term loan first lien | $21.6M | $21.3M 100c | S+425 bp | |
| Bridger Aerospace Group Holdings, LLC | preferred equity equity | n/a | $20.6M 91c | PIK 7.00% | |
| KSLB Holdings, LLC | term loan first lien | $21.3M | $20.6M 97c | S+500 bp | |
| SCP Medical Products, LLC. | term loan first lien | $20.1M | $20.0M 100c | S+475 bp | |
| Cascade Residential Services LLC | term loan first lien | $21.3M | $19.6M 93c | S+600 bp | |
| SBP Holdings LP | term loan first lien | $19.5M | $19.5M 102c | S+500 bp | |
| Sanoptis S.A.R.L. | term loan first lien | $19.7M | $19.5M 106c | S+475 bp | |
| Proceed Legal Inc. | term loan first lien | $19.6M | $19.4M 100c | S+450 bp | |
| BPG Holdings IV Corp | term loan first lien | $24.7M | $19.3M 81c | S+785 bp PIK 11.60% | |
| SmartShift Group, Inc. | term loan first lien | $19.2M | $19.2M 102c | S+500 bp | |
| L.A. Specialty Produce Co., LLC | term loan first lien | $18.8M | $18.6M 100c | S+450 bp | |
| Basin Innovation Group, LLC | term loan first lien | $18.2M | $18.0M 100c | S+475 bp | |
| AirX Climate Solutions, Inc. | term loan first lien | $18.0M | $17.8M 100c | S+500 bp | |
| HW Holdco, LLC (Hanley Wood LLC) | term loan first lien | $17.8M | $17.8M 100c | S+575 bp | |
| Accurus Aerospace Corporation | term loan first lien | $17.8M | $17.8M 100c | S+475 bp | |
| Bounteous, Inc. | term loan first lien | $17.8M | $17.8M 100c | S+475 bp | |
| GMES LLC | term loan first lien | $17.9M | $17.7M 100c | S+525 bp | |
| CTI Foods Holdings Co., LLC | term loan first lien | $17.5M | $17.5M 101c | S+786 bp | |
| AnalytiChem Holding GmbH | term loan first lien | $17.3M | $17.1M 104c | S+558 bp | |
| PowerGEM Buyer, Inc. | term loan first lien | $17.1M | $16.7M 99c | S+475 bp | |
| Haystack Holdings LLC | term loan first lien | $16.7M | $16.6M 100c | S+475 bp | |
| NAW Buyer LLC | term loan first lien | $16.4M | $16.3M 102c | S+475 bp | |
| ROI Solutions LLC | term loan first lien | $17.8M | $16.0M 91c | S+525 bp | |
| EMI Porta Holdco, LLC | term loan first lien | $15.7M | $15.7M 100c | S+550 bp PIK 9.10% | |
| Solo Buyer, L.P. | term loan first lien | $16.1M | $15.5M 98c | S+625 bp | |
| OG III B.V. | term loan first lien | $16.0M | $15.3M 94c | S+565 bp | |
| London Buyer, LLC | term loan first lien | $15.3M | $15.1M 100c | S+500 bp | |
| The Octave Music Group, Inc. | term loan first lien | $16.8M | $15.1M 91c | S+475 bp | |
| IMS Services Enterprises, LLC | term loan first lien | $15.2M | $15.0M 100c | S+475 bp | |
| Finaxy Holding | term loan first lien | $15.0M | $14.9M 104c | S+450 bp | |
| Momentum Textiles, LLC | term loan first lien | $14.9M | $14.8M 100c | S+550 bp | |
| HemaSource, Inc. | term loan first lien | $14.8M | $14.8M 101c | S+450 bp |
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Registration
- Fiscal year end
- 1231reported
- Incorporated
- MDreported
- On the SEC BDC report
- 2021 to 2025reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Former names
- Barings Private Credit LLCreported
- Latest schedule
- 0001859919-26-000068reported