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

S•••••• P•••••• C••••• B••

BDCnon-tradedCIK 1901037file 814-01475HOUSTON, TXmanaged by S•••••• P•••••• B•• A••••••• L••
Fair value
$421M
as of Jun 30, 2026
Principal held
$384M
debt pieces, the filer's figure
Cost
$410M
103c on cost
Unfunded
n/a
commitments not yet drawn
Positions
337
89 borrowers
First lien
2%
93% debt by fair value
Quarters on the tape
16
since Sep 30, 2022
Facilities held
196
18 sponsors financed
Portfolio through time
Fair value by quarter end$421M as of Jun 30, 2026
Sep 30, 2022$127M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$421M89100c15560 bp
Mar 31, 2026$405M8499c7570 bp
Dec 31, 2025$540M88100c6573 bp
Sep 30, 2025$376M83100c10585 bp
Jun 30, 2025$340M78100c12593 bp
Mar 31, 2025$335M76100c10616 bp
Dec 31, 2024$574M7499c15604 bp
Sep 30, 2024$257M65100c13619 bp
Jun 30, 2024$254M63100c8657 bp
Mar 31, 2024$216M53100c8668 bp
Dec 31, 2023$410M52100c12656 bp
Sep 30, 2023$212M47101c3634 bp
Jun 30, 2023$188M44100c0628 bp
Mar 31, 2023$165M39100c0614 bp
Dec 31, 2022$188M35100c0613 bp
Sep 30, 2022$127M3199c0606 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 Jun 30, 2026
337 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
E••••••••• R•••••••• L•• ERI Parent Holdings, LLCequity equityn/a$82,487
74c
F••••••••• B••••• L••, FCP-Connect Holdings LLCpreferred equity equityn/a$81,165
105c
S•••••• C••••••••• L••••••, SK S•••••• Holdings LPequity equityn/a$80,599
68c
C•••••• P••••••• I••••••••• L••revolver lien unstated$79,860$79,860
100c
SOFR+675 bpFeb 7, 2027
F••••••• H•••••••• L••delayed draw term loan lien unstated$79,553$79,553
101c
SOFR+675 bpApr 1, 2029
M•••••• L•••• H•••••••• I••unstated lien unstatedn/a$77,495
16c
C•••••• 3•• A••••••••• L••, C•••••• 360 Investmentsequity equityn/a$54,540
22c
F••••••• H•••••••• L••term loan lien unstated$49,458$49,458
102c
SOFR+675 bpApr 1, 2029
I••••••••• C••••••••• A••••••••• L•• International C••••••••• Holdings, LPequity equityn/a$45,028
52c
W•• H•••••••• L••revolver lien unstated$131,820$44,238
99c
SOFR+550 bpApr 11, 2030
U•••• A••••••••• I••. U•••• Holdings, LLCpreferred equity equityn/a$42,108
46c
B••• a••; Associates, LLC, Bamp;A Partners Holdingpreferred equity equityn/a$38,006
117c
C•••••• 3•• A••••••••• L••, C•••••• 360 Investmentspreferred equity equityn/a$36,811
160c
C•••••• B••••• L••, C•••••• Holdings Partnershipequity equityn/a$32,742
127c
R•• A••••••• B•••••••• L•• RIA Products Aggregator, LLCequity equityn/a$31,210
57c
E••••• L••, E••••• Holdings, LLCequity equity$569$27,507
48c
M•••••• B••••••••• T••••••• L••, Convertible Promissorynotes lien unstated$23,201$23,201
100c
15.00%
PIK 15.00%
Jun 6, 2031
I••••• H••• S••••••• L•• I••••• H••••••• G•••••• L••equity equityn/a$22,120
103c
O• R•• L••revolver lien unstated$10,000$9,830
98c
SOFR+550 bpApr 27, 2031
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$9,446
29c
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$9,446
29c
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$9,446
29c
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$9,446
29c
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$9,446
29c
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$9,446
29c
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$9,446
29c
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$9,446
29c
M•••••••• H••••••• L••, Sapphire Aggregator S.a r.l.equity equityn/a$9,446
29c
E••••• L••, E••••• Holdings, LLCequity equity$176$5,876
1c
E••••• L••, E••••• Holdings, LLCequity equity$16$537
2c
I••••• H••• S••••••• L•• I••••• H••••••• G•••••• L••equity equityn/an/a
n/a
W•••••••• R•••••••• H•••••••• L••equity equityn/an/a
W•••••••• R•••••••• H•••••••• L••equity equityn/an/a
R•••••••• O•••• L••, R•••••••• Holdingsequity equityn/an/a
S••• I••••••••• L••, FCP-S••• Holdingsequity equityn/an/a
F••••••••• B••••• L••, FCP-Connect Holdings LLCequity equity$115n/a
E•••• L•• G•••• E•••• C•••••••••equity equity$168,003n/a
n/a
Page 4 of 4Previous
Registration
Fiscal year end
1231reported
Incorporated
DEreported
On the SEC BDC report
2026 to 2026reported
Filings listed
18reported10-Q and 10-K since 2022
Latest schedule
0001104659-26-094771reported