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•••••• P•••••• C••••• C•••

Business development companymanaged by B•••••• L••Non-traded· CHARLOTTE, NC

A non-traded business development company, managed by B•••••• L••, holding $5.4B across 530 borrowers at Jun 30, 2026.

Composed from this BDC's filings and its latest schedule of investments.

Fair value
$5.4B
Schedule of investments, 10-Q and 10-K
Borrowers
530
Schedule of investments, 10-Q and 10-K
Mark on cost
97.8¢
Schedule of investments, 10-Q and 10-K
First lien
84%
Schedule of investments, 10-Q and 10-K
Schedule of investments (1,061)Quarter by quarterSponsors
As of · the latest schedule of investments read for this BDC

What matters now

  1. $76.9M
    on non-accrual, 11 borrowers

    11 borrowers on non-accrual, $76.9M principal; the largest is A••••••• ($31.6M).

    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 A••••••• →
  2. $27.1M
    newly on non-accrual

    3 borrowers newly placed on non-accrual in Q2 2026, $27.1M principal: I•••• I••••••••• I••••••••• H••••• I•• L•• ($24.1M), 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 I•••• I••••••••• I••••••••• H••••• I•• L•• →
  3. 28 below 80¢
    $173M principal

    28 positions across 23 borrowers marked below 80¢ on cost, $173M 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 → 68
    loans paying in kind

    Loans paying in kind rose from 0 to 68 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 → 530
    borrowers

    Added a net 529 borrowers in the quarter to Jun 30, 2026, to 530.

    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 1859919 · file 814-01397Show
Fair value
$5.4B
as of Jun 30, 2026
Principal held
$5.1B
debt pieces, the filer's figure
Cost
$5.5B
98c on cost, debt pieces
Unfunded
$987M
commitments not yet drawn
Positions
1,061
530 borrowers
First lien
84%
92% debt by fair value
Quarters on the tape
16
since Dec 31, 2021
Facilities held
964
73 sponsors financed
Portfolio through time
Fair value by quarter end$5.6B as of Jun 30, 2026
Jul 8, 2021$76.2M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$5.6B53098c68483 bp
May 27, 2026$20.0M1n/a0n/a
Mar 31, 2026$5.4B49498c67494 bp
Dec 31, 2025$5.2B51799c70504 bp
All 22 quarters
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Nov 25, 2025$35.0M1n/a0n/a
Sep 30, 2025$4.9B398100c70525 bp
Jun 30, 2025$4.3B355100c66542 bp
Mar 31, 2025$3.7B32499c63555 bp
Dec 31, 2024$6.7B39398c120565 bp
Sep 30, 2024$3.3B32299c60573 bp
Jun 30, 2024$3.0B30698c58580 bp
Mar 31, 2024$3.0B31298c59584 bp
Dec 31, 2023$3.3B34198c59587 bp
Sep 30, 2023$2.5B30697c41586 bp
Jun 30, 2023$2.4B29698c30581 bp
Mar 31, 2023$2.4B29598c29583 bp
Feb 1, 2023$12.0M1n/a0n/a
Dec 31, 2022$2.6B31597c32580 bp
Aug 12, 2022$16.0M1n/a0n/a
Dec 31, 2021$117M3n/a0725 bp
Sep 1, 2021Not disclosed2n/a0n/a
Jul 8, 2021$76.2M1n/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 Dec 31, 2024
1,717 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
N•••• B•••••• S••••••••• I•••term loan first lien$6.5M$6.5M
101c
S+450 bp
N•••• B•••••• S••••••••• I•••term loan first lien$6.5M$6.5M
101c
S+450 bp
F••••••• R• S••••••••• P•••••••• 2•••••preferred equity equityNot disclosed$6.5M
137c
F••••••• R• S••••••••• P•••••••• 2•••••preferred equity equityNot disclosed$6.5M
137c
A••••••••• H•••••• G•••term loan first lien$6.5M$6.4M
93c
S+620 bp
A••••••••• H•••••• G•••term loan first lien$6.5M$6.4M
93c
S+620 bp
M• G•••• V••••••• C•••••••••term loan first lien$6.5M$6.4M
99c
S+550 bp
M• G•••• V••••••• C•••••••••term loan first lien$6.5M$6.4M
99c
S+550 bp
A••••••••• H•••••••preferred equity equityNot disclosed$6.3M
127c
A••••••••• H•••••••• C•••• A• C•••••••••preferred equity equityNot disclosed$6.3M
127c
T••• H•••••• C•••term loan first lien$6.4M$6.3M
101c
S+600 bp
T••• H•••••• C•••term loan first lien$6.4M$6.3M
101c
S+600 bp
V••••••• P••• T•••••• T•••• 2••••••notes lien unstated$6.4M$6.3M
98c
6.30%
V••••••• P••• T•••••• T•••• 2••••••• S•••••••••equity equity$6.4M$6.3M
98c
6.30%
R•• S••• M••••• S•• L••term loan first lien$6.3M$6.3M
100c
S+800 bp
R•• S••• M••••• S•• L••term loan first lien$6.3M$6.3M
100c
S+800 bp
A•••••••• T•••••••• G•••• •••• B••••• L•••term loan first lien$6.5M$6.2M
95c
S+550 bp
A•••••••• T•••••••• G•••• •••• B••••• L•••term loan first lien$6.5M$6.2M
95c
S+550 bp
G••••• P•••••• L•••term loan first lien$6.3M$6.1M
97c
S+545 bp
G••••• P•••••• L•••term loan first lien$6.3M$6.1M
97c
S+545 bp
S••••••• S•••••••term loan first lien$6.1M$6.0M
102c
S+575 bp
S••••••• S•••••••term loan first lien$6.1M$6.0M
102c
S+575 bp
M••••• B•••term loan first lien$6.2M$6.0M
90c
S+593 bp
M••••• B•••term loan first lien$6.2M$6.0M
90c
S+593 bp
E•••••• W••• A••••••••• C••••••• L••term loan first lien$6.3M$5.9M
94c
S+650 bp
E•••••• W••• A••••••••• C••••••• L••term loan first lien$6.3M$5.9M
94c
S+650 bp
A••••••••• H•••••••preferred equity equityNot disclosed$5.9M
100c
A••••••••• H•••••••preferred equity equityNot disclosed$5.9M
100c
P••••• E••••••••• L•••••term loan first lien$5.8M$5.8M
101c
S+475 bp
P••••• E••••••••• L•••••term loan first lien$5.8M$5.8M
101c
S+475 bp
U••• A••••••••• I••• ••••• U• L•••• S••••••• I••••term loan first lien$5.8M$5.8M
100c
S+575 bp
U••• A••••••••• I••• ••••• U• L•••• S••••••• I••••term loan first lien$5.8M$5.8M
100c
S+575 bp
S••••••• H••••••• L••term loan first lienNot disclosed$5.7M12.00%
S••••••• H••••••• L••term loan first lien$5.7M$5.7M
100c
PIK 12.00%
S••••••• H••••••• L••term loan first lien$5.7M$5.7M
100c
12.00%
PIK 12.00%
C•• F•••• H••••••• C••• L••term loan first lien$5.7M$5.7M
102c
S+1000 bp
PIK 14.70%
C•• F•••• H••••••• C••• L••term loan lien unstated$5.7M$5.7M
102c
S+1000 bp
PIK 14.70%
K••• H•••••••• L••term loan first lien$5.8M$5.7M
99c
S+450 bp
K••• H•••••••• L••term loan first lien$5.8M$5.7M
99c
S+450 bp
S••••••••• G••••• I•••term loan first lien$5.7M$5.7M
100c
S+500 bp
S••••••••• G••••• I•••term loan first lien$5.7M$5.7M
100c
S+500 bp
T•• C•••••• G••••• I••• ••• T••••• H•••••••• L•••term loan unsecured or subordinated$5.7M$5.7M
101c
S+575 bp
T•• C•••••• G••••• I••• ••• T••••• H•••••••• L•••term loan unsecured or subordinated$5.7M$5.7M
101c
S+575 bp
B•• M••••••• I•••term loan second lien$5.7M$5.6M
99c
S+950 bp
B•• M••••••• I•••term loan second lien$5.7M$5.6M
99c
S+950 bp
T•••••• B•••term loan first lien$5.7M$5.6M
96c
S+540 bp
T•••••• B•••term loan first lien$5.7M$5.6M
96c
S+540 bp
A••••• M••••term loan unsecured or subordinated$5.9M$5.5M
101c
2.00%
PIK 9.00%
A••••• M••••term loan unsecured or subordinated$5.9M$5.5M
101c
2.00%
PIK 9.00%
R••• L•••• L••term loan first lien$5.6M$5.5M
101c
S+550 bp
R••• L•••• L••term loan first lien$5.6M$5.5M
101c
S+550 bp
N• H•••••• L••term loan first lien$5.5M$5.5M
102c
S+650 bp
N• H•••••• L••term loan first lien$5.5M$5.5M
102c
S+650 bp
A•••••• C••••••• P•••••••• L••term loan first lien$5.4M$5.4M
100c
S+500 bp
A•••••• C••••••• P•••••••• L••term loan first lien$5.4M$5.4M
100c
S+500 bp
M•••• R•••••••• I••• ••••••••term loan first lien$5.4M$5.3M
100c
S+475 bp
M•••• R•••••••• I••• ••••••••term loan first lien$5.4M$5.3M
100c
S+475 bp
X••••••• B•••• L••••••term loan unsecured or subordinated$5.3M$5.2M
100c
PIK 11.00%
X••••••• B•••• L••••••term loan unsecured or subordinated$5.3M$5.2M
100c
PIK 11.00%
V••••••• B•••• L••••••term loan first lien$5.3M$5.1M
93c
S+650 bp
V••••••• B•••• L••••••term loan first lien$5.3M$5.1M
93c
S+650 bp
W•••••• A••••••••• L••term loan first lien$5.2M$5.1M
100c
S+500 bp
W•••••• A••••••••• L••term loan first lien$5.2M$5.1M
100c
S+500 bp
R•••• B•••• L••term loan first lien$5.2M$5.1M
100c
S+475 bp
R•••• B•••• L••term loan first lien$5.2M$5.1M
100c
S+475 bp
V••• C•• 2•••••• L•••
S••••••••• finance (CLO)
notes unsecured or subordinated$5.0M$5.1M
101c
S+590 bp
V••• C•• 2•••••• L•••
S••••••••• finance (CLO)
notes unsecured or subordinated$5.0M$5.1M
101c
S+590 bp
E•••••• L••term loan first lien$5.7M$5.1M
89c
S+550 bp
PIK 2.00%
E•••••• L••term loan first lien$5.7M$5.1M
89c
S+550 bp
PIK 2.00%
A••• L••• F•••••• V••• L•••notes unsecured or subordinated$5.0M$5.0M
101c
S+625 bp
A••• L••• F•••••• V••• L•••notes unsecured or subordinated$5.0M$5.0M
101c
S+625 bp
O••••• V••••• B•••• L••••••term loan first lien$5.1M$5.0M
96c
S+525 bp
O••••• V••••• B•••• L••••••term loan first lien$5.1M$5.0M
96c
S+525 bp
I•••••• B•••• L••••••term loan first lien$5.1M$5.0M
92c
S+650 bp
I•••••• B•••• L••••••term loan first lien$5.1M$5.0M
92c
S+650 bp
P••• S•• ••• M•••••• M•••••term loan first lien$4.8M$4.8M
102c
S+525 bp
P••• S•• ••• M•••••• M•••••term loan first lien$4.8M$4.8M
102c
S+525 bp
A•••••• H••••••• H• L••••••term loan first lien$4.9M$4.8M
99c
S+625 bp
A•••••• H••••••• H• L••••••term loan first lien$4.9M$4.8M
99c
S+625 bp
A••••• B••••• I•••term loan first lien$4.8M$4.8M
101c
S+525 bp
A••••• B••••• I•••term loan first lien$4.8M$4.8M
101c
S+525 bp
W•••••• A••••••••• L••term loan first lien$5.2M$4.8M
100c
S+500 bp
W•••••• A••••••••• L••term loan first lien$5.2M$4.8M
100c
S+500 bp
V•••• B••••• L••term loan first lien$4.8M$4.7M
101c
S+550 bp
V•••• B••••• L••term loan first lien$4.8M$4.7M
101c
S+550 bp
T••• C•••••••• B••••• I•••term loan first lien$4.7M$4.7M
100c
S+450 bp
T••• C•••••••• B••••• I•••term loan first lien$4.7M$4.7M
100c
S+450 bp
S•••• B•••• L••equity equityNot disclosed$4.7M
389c
S•••• B•••• L••equity equityNot disclosed$4.7M
389c
B•••••term loan first lien$4.8M$4.7M
87c
S+640 bp
B•••••term loan first lien$4.8M$4.7M
87c
S+640 bp
O•••• I••••••••• N•••• B•••term loan first lien$4.7M$4.7M
95c
S+575 bp
O•••• I••••••••• N•••• B•••term loan first lien$4.7M$4.7M
95c
S+575 bp
A•••• I•••••••• B•••••• N•term loan first lien$4.6M$4.6M
98c
S+575 bp
A•••• I•••••••• B•••••• N•term loan first lien$4.6M$4.6M
98c
S+575 bp
D••• G••••term loan first lien$4.8M$4.6M
96c
S+400 bp
D••• G••••term loan first lien$4.8M$4.6M
96c
S+400 bp
e••••••••• L••term loan first lien$4.4M$4.4M
101c
S+500 bp
e••••••••• L••term loan first lien$4.4M$4.4M
101c
S+500 bp
B••• C•••••• C••••• C•• 2•••••
S••••••••• finance (CLO)
notes unsecured or subordinated$4.3M$4.4M
103c
S+615 bp
Page 4 of 18PreviousNext
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
B•••••• P•••••• C••••• LLCreported
Latest schedule
0001859919-26-000068reported