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.

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BDC portfolio

B•••••• P•••••• C••••• C•••

BDCnon-tradedCIK 1859919file 814-01397CHARLOTTE, NCmanaged by B•••••• L••
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
76 sponsors financed
Portfolio through time
Fair value by quarter end$5.4B as of Jun 30, 2026
Jul 8, 2021$76.2M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$5.4B53099c67481 bp
May 27, 2026$20.0M1n/a0n/a
Mar 31, 2026$5.3B49498c67493 bp
Dec 31, 2025$4.9B517100c69502 bp
Nov 25, 2025$35.0M1n/a0n/a
Sep 30, 2025$4.6B398100c70527 bp
Jun 30, 2025$4.1B355100c66545 bp
Mar 31, 2025$3.5B32499c63558 bp
Dec 31, 2024$6.5B39399c117567 bp
Sep 30, 2024$3.0B32299c58577 bp
Jun 30, 2024$2.8B30699c56582 bp
Mar 31, 2024$2.7B31299c57586 bp
Dec 31, 2023$3.3B341100c59586 bp
Sep 30, 2023$2.3B30698c39586 bp
Jun 30, 2023$2.2B29698c30583 bp
Mar 31, 2023$2.2B29598c29585 bp
Feb 1, 2023$12.0M1n/a0n/a
Dec 31, 2022$2.6B31598c32581 bp
Aug 12, 2022$16.0M1n/a0n/a
Dec 31, 2021$117M3n/a0n/a
Sep 1, 2021n/a2n/a0n/a
Jul 8, 2021$76.2M1n/a0n/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
Every position change, including routine ones
Largest facilities held, with co-lenders
Schedule of investments at Jun 30, 2026
1,061 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
R••••• H••••••• L••preferred equity equityn/a$141M
100c
S+600 bp
R••••• H••••••• L••unstated lien unstatedn/a$115M
P•••••• C•••••••••term loan first lien$79.8M$78.7M
99c
S+450 bp
B••••• I••.term loan first lien$77.3M$76.7M
100c
S+450 bp
A•• P••••••••• L••term loan first lien$72.8M$72.4M
100c
S+450 bp
S••••••••• L••term loan first lien$71.4M$70.3M
100c
S+500 bp
C•• P•••••• L••term loan first lien$70.2M$69.9M
100c
S+450 bp
R•• C•••••••••term loan first lien$69.4M$68.7M
100c
S+550 bp
V• S•••• I••••••••• I• L••term loan first lien$70.2M$68.1M
100c
S+500 bp
PIK 4.40%
A•• I• M•• H••••••• I••.term loan first lien$61.6M$61.0M
100c
S+475 bp
V•••• B••••• L••term loan first lien$61.2M$60.8M
100c
S+450 bp
P•••••• F•••••••• B•••••• L••term loan first lien$59.8M$59.4M
100c
S+575 bp
F••••• B••••• L••term loan first lien$57.3M$53.5M
94c
S+500 bp
P•• C•••••• H••••• L••term loan second lien$54.3M$53.3M
100c
S+550 bp
P••••• S••••••• C••••••• L••term loan first lien$58.3M$52.5M
91c
S+600 bp
PIK 4.00%
W•••••••• H•••••••• I••.term loan first lien$52.1M$51.8M
100c
S+500 bp
A•• C••••••••• L••term loan first lien$50.4M$50.1M
100c
S+450 bp
O••••• P•••••••• Inc.term loan first lien$50.3M$50.1M
100c
S+435 bp
S••• P••••••••• I••.term loan first lien$50.2M$49.6M
100c
S+450 bp
R••••• H••••••• L•• {term loan second lienn/a$49.6M
J&J Ventures G•••••, LLCterm loan first lien$49.8M$49.6M
100c
S+500 bp
L•• B•••••••• L••term loan first lien$50.4M$49.0M
99c
S+525 bp
D••••• B••••• L••term loan first lien$49.5M$48.9M
100c
S+475 bp
R••••• H••••••• L••term loan second lien$49.6M$48.5M
100c
S+800 bp
S•••• I••••••••• I••• I••.term loan first lien$48.1M$48.1M
100c
S+450 bp
F• H••• I••••••••• H•••••••• I••. (f/k/a Fineline Technologies, Inc.)term loan first lien$44.4M$44.4M
100c
S+450 bp
C••••••• • G•••••• L••term loan first lien$44.0M$44.0M
101c
S+475 bp
S•••• B•••• L••term loan lien unstated$43.9M$43.7M
100c
S+475 bp
G•• C•••••••• P••••••••• L••term loan first lien$44.1M$43.3M
100c
S+575 bp
N••• H•••••• L••term loan first lien$43.1M$43.0M
101c
S+525 bp
O•• H••••••• P••••••••• L••term loan first lien$42.8M$42.4M
100c
S+425 bp
W••••••• F••••• L••term loan first lien$41.9M$41.6M
100c
S+525 bp
F•• B•••• L••term loan first lien$40.2M$40.2M
100c
S+450 bp
R••• C•••••••• I••••••••• I••• I••.term loan first lien$38.9M$38.5M
99c
S+450 bp
T••• C•••••••• B••••• I••.term loan first lien$37.8M$37.7M
101c
S+450 bp
T•••• B•••• L••term loan first lien$37.1M$36.5M
100c
S+500 bp
R•• G••••• L••term loan first lien$36.6M$36.3M
100c
S+525 bp
B•• G•••••• L••term loan first lien$35.9M$35.9M
106c
S+550 bp
C••••••• D•••••• C•••.term loan first lien$34.3M$34.0M
100c
S+475 bp
C•• E••••••••• L••term loan first lien$34.3M$33.9M
100c
S+600 bp
A•• G•••• H•••••••• I••.term loan first lien$34.1M$33.9M
100c
S+525 bp
PIK 3.30%
H•••• S••••••• G•••• L••term loan first lien$34.3M$32.7M
97c
S+450 bp
W•••• 5•• I••.term loan first lien$32.4M$32.4M
101c
S+450 bp
T••••••• M•••••••• C••••••• L••term loan first lien$31.3M$31.0M
100c
S+475 bp
L••••••••• L••term loan first lien$30.9M$30.7M
100c
S+450 bp
S••••••• B••••• L••term loan first lien$31.2M$30.7M
99c
S+505 bp
W•••••• A••••••••• L••term loan first lien$30.2M$30.2M
101c
S+500 bp
K•• D••••• H•••••••• L••term loan first lien$29.5M$29.5M
100c
S+425 bp
L••• P••••••••• I••.term loan first lien$28.4M$28.2M
100c
S+475 bp
E•••••• M•••• L••••••term loan first lien$26.9M$26.6M
100c
S+475 bp
T• K•• A••••••••• L••.term loan unsecured or subordinated$26.7M$26.5M
100c
PIK 12.30%
S••••• E••••• S••••••••• L••term loan first lien$26.8M$26.0M
98c
S+500 bp
H• A••••••• B•••• L••term loan first lien$26.2M$25.9M
100c
S+475 bp
S••••••• H••••••• L••term loan first lien$25.8M$25.8M
100c
S+1200 bp
PIK 12.00%
R••••• H•••••••• I••.term loan first lien$25.5M$25.0M
100c
S+500 bp
T•• C•••••• G••••• I••. (aka TA/TCG Holdings, LLC)term loan first lien$25.0M$24.8M
100c
S+450 bp
U•• A•••••••• I••.term loan first lien$24.8M$24.8M
101c
S+475 bp
X••••••• B•••• L••••••term loan first lien$24.6M$24.6M
106c
S+625 bp
Prime Power S••••••••, LLC | Second Lien Senior Secured Termterm loan second lien$25.0M$24.5M
100c
S+550 bp
N••• B•••• P•• L••term loan first lien$24.0M$24.0M
100c
S+500 bp
O•• L••••••• I••••••••• H••••••• 2• L••term loan first lien$25.5M$23.9M
95c
S+550 bp
C••••••••• L••term loan first lien$23.8M$23.7M
101c
S+525 bp
N•••••••• R••••••••• L••term loan first lien$23.6M$23.6M
101c
S+440 bp
S•• C•• B••••• I••.term loan first lien$23.0M$22.8M
100c
S+450 bp
H•••• C••••••••• S•••••• S••••••••• L••term loan first lien$22.0M$22.0M
101c
S+675 bp
A••• S•••••• P•••••••• L••term loan first lien$21.9M$21.8M
101c
S+475 bp
D•••••••• B••••, L.P.term loan first lien$21.7M$21.5M
100c
S+500 bp
S••••• M•••• 2• I••.term loan first lien$21.8M$21.5M
100c
S+450 bp
T• K•• A••••••••• L••.term loan first lien$21.6M$21.3M
100c
S+425 bp
K••• H•••••••• L••term loan first lien$21.3M$20.6M
97c
S+500 bp
B•••••• A•••••••• G•••• H•••••••• L••preferred equity equityn/a$20.6M
91c
PIK 7.00%
S•• M•••••• P•••••••• L••.term loan first lien$20.1M$20.0M
100c
S+475 bp
C•••••• R••••••••• S••••••• L••term loan first lien$21.3M$19.6M
93c
S+600 bp
S•• H••••••• L•term loan first lien$19.5M$19.5M
102c
S+500 bp
S••••••• S••••••.term loan first lien$19.7M$19.5M
106c
S+475 bp
P•••••• L•••• I••.term loan first lien$19.6M$19.4M
100c
S+450 bp
B•• H••••••• I• C•••term loan first lien$24.7M$19.3M
81c
S+785 bp
PIK 11.60%
S••••••••• G••••• I••.term loan first lien$19.2M$19.2M
102c
S+500 bp
L••• S•••••••• P•••••• C••• L••term loan first lien$18.8M$18.6M
100c
S+450 bp
B•••• I••••••••• G••••• L••term loan first lien$18.2M$18.0M
100c
S+475 bp
A••• C•••••• S••••••••• I••.term loan first lien$18.0M$17.8M
100c
S+500 bp
H• H•••••• L•• (Hanley Wood LLC)term loan first lien$17.8M$17.8M
100c
S+575 bp
A•••••• A•••••••• C•••••••••term loan first lien$17.8M$17.8M
100c
S+475 bp
B••••••••• I••.term loan first lien$17.8M$17.8M
100c
S+475 bp
G••• L••term loan first lien$17.9M$17.7M
100c
S+525 bp
C•• F•••• H••••••• C••• L••term loan first lien$17.5M$17.5M
101c
S+786 bp
A••••••••• H•••••• G•••term loan first lien$17.3M$17.1M
104c
S+558 bp
P••••••• B••••• I••.term loan first lien$17.1M$16.7M
99c
S+475 bp
H••••••• H••••••• L••term loan first lien$16.7M$16.6M
100c
S+475 bp
N•• B•••• L••term loan first lien$16.4M$16.3M
102c
S+475 bp
R•• S•••••••• L••term loan first lien$17.8M$16.0M
91c
S+525 bp
EMI P•••• H•••••, LLCterm loan first lien$15.7M$15.7M
100c
S+550 bp
PIK 9.10%
S••• B••••• L••.term loan first lien$16.1M$15.5M
98c
S+625 bp
O• I•• B••.term loan first lien$16.0M$15.3M
94c
S+565 bp
L••••• B••••• L••term loan first lien$15.3M$15.1M
100c
S+500 bp
T•• O••••• M•••• G••••• I••.term loan first lien$16.8M$15.1M
91c
S+475 bp
I•• S••••••• E••••••••• L••term loan first lien$15.2M$15.0M
100c
S+475 bp
F••••• H••••••term loan first lien$15.0M$14.9M
104c
S+450 bp
M••••••• T•••••••• L••term loan first lien$14.9M$14.8M
100c
S+550 bp
H••••••••• I••.term loan first lien$14.8M$14.8M
101c
S+450 bp
Page 1 of 11Next
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•••••• Credit LLCreported
Latest schedule
0001859919-26-000068reported