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

K•• F• I••••• T••••

BDCnon-tradedCIK 1930679file 814-01620PHILADELPHIA, PAmanaged by F••••• A••••••• L••
Fair value
$3.2B
as of Jun 30, 2026
Principal held
$3.1B
debt pieces, the filer's figure
Cost
$3.2B
100c on cost
Unfunded
$511M
commitments not yet drawn
Positions
673
167 borrowers
First lien
n/a
93% debt by fair value
Quarters on the tape
14
since Dec 31, 2022
Facilities held
176
29 sponsors financed
Portfolio through time
Fair value by quarter end$3.2B as of Jun 30, 2026
Dec 31, 2022$8.3M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$3.2B16799c7488 bp
Mar 31, 2026$3.2B168100c3487 bp
Dec 31, 2025$3.2B168101c3491 bp
Sep 30, 2025$2.5B153101c7504 bp
Jun 30, 2025$1.9B138101c6509 bp
Mar 31, 2025$1.6B118101c17521 bp
Dec 31, 2024$2.7B103101c14528 bp
Sep 30, 2024$1.1B88101c9577 bp
Jun 30, 2024$768M65101c11584 bp
Mar 31, 2024$540M50101c7591 bp
Dec 31, 2023$356M34101c2667 bp
Sep 30, 2023$213M23101c0675 bp
Jun 30, 2023$144M18101c0669 bp
Dec 31, 2022$8.3M14100c0637 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
673 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
I••••••••• P•••• S••••••s LLCunstated lien unstatedn/an/a
J• S• H••• L••unstated lien unstatedn/an/a
L•••• L•••••••• I••unstated lien unstatedn/an/a
D••••••• F•••••••• S•••••••, ABF Equityunstated lien unstatedn/an/a
L••••• F•••• L••unstated lien unstatedn/an/a
MB2 D••••• S•••••••• LLCunstated lien unstatedn/an/a
M•••• L•••• S••••••• L••unstated lien unstatedn/an/a
A••••• A•••••••• L••unstated lien unstatedn/an/a
NAVEX Global Incunstated lien unstatedn/an/a
N••••••• T••••••••• I••unstated lien unstatedn/an/a
W••• S••• A••••••• Incunstated lien unstatedn/an/a
Wealth E••••••••• Group LLCunstated lien unstatedn/an/a
S••••••••revolver lien unstatedn/an/a
V•••••••• L••unstated lien unstatedn/an/a
S••••• S•••••••• I••unstated lien unstatedn/an/a
MAI Capital Management LLCunstated lien unstatedn/an/a
I•••••••• M•••••••• Group LLCunstated lien unstatedn/an/a
I••••••••• I••unstated lien unstatedn/an/a
V•• T•••• R••••••••• D•• (FKA Vibrantz T••••••••• Inc)unstated lien unstatedn/an/a
S••••• M•• L••••••notes lien unstatedn/an/a
V•••••• I••••••••• P••••••••• I••unstated lien unstatedn/an/a
S••••• M•• L••••••notes lien unstatedn/an/a
R•••••• International LLCunstated lien unstatedn/an/a
S••••••••• L••unstated lien unstatedn/an/a
S••••• S•••••••• I••unstated lien unstatedn/an/a
S••••• M•• L••••••notes lien unstatedn/an/a
A••••••• A••••••••• C•••unstated lien unstatedn/an/a
B•• G•••• L••unstated lien unstatedn/an/a
L••••••• C•••unstated lien unstatedn/an/a
D••• I•••••••• H••••••• L••unstated lien unstatedn/an/a
H••••••• H••••• I••unstated lien unstatedn/an/a
H••••••• H••••• I••unstated lien unstatedn/an/a
MAI Capital Management LLCunstated lien unstatedn/an/a
M•••• L•••• S••••••• L••unstated lien unstatedn/an/a
Affiliated Issuer | Galaxy Container, Bond 2notes lien unstatedn/an/a
S••••••• B••••• LLCunstated lien unstatedn/an/a
P•• G••••unstated lien unstatedn/an/a
N••••••••• R••••••••• L•••••• (FKA TalkTalk Telecom Group Ltd)revolver lien unstatedn/an/a
G••••••• Incunstated lien unstatedn/an/a
S•••••• L•••• L••unstated lien unstatedn/an/a
C•••••• F••• P•••••••••unstated lien unstatedn/an/a
I•••••• IQunstated lien unstatedn/an/a
P••••••••• A••••••• 7••term loan lien unstatedn/an/a
W••• S••• A••••••• Incunstated lien unstatedn/an/a
V•••••• I••••••••• P••••••••• I••unstated lien unstatedn/an/a
S•••••• E•••••• I••unstated lien unstatedn/an/a
P••• C•••unstated lien unstatedn/an/a
C•••••••• B••••• I••unstated lien unstatedn/an/a
C••••••••• LLCunstated lien unstatedn/an/a
S•••• L••unstated lien unstatedn/an/a
T•••••••• A••unstated lien unstatedn/an/a
O••••••••• L••unstated lien unstatedn/an/a
K••••••• A••••• P••••••• L••unstated lien unstatedn/an/a
C••••••• C••• O••••••••• I••unstated lien unstatedn/an/a
C••••••• C••• O••••••••• I••unstated lien unstatedn/an/a
C••• • C••• L••revolver lien unstatedn/an/a
N••••••• T••••••••• I••unstated lien unstatedn/an/a
B••••••• L••unstated lien unstatedn/an/a
R••• P•••• L••unstated lien unstatedn/an/a
S•••••••• I••unstated lien unstatedn/an/a
S••••• M•• L••••••notes lien unstatedn/an/a
G••••••• H••••••• L••, ABF Equityunstated lien unstatedn/an/a
A•• H••••• LLCunstated lien unstatedn/an/a
A••••• L••unstated lien unstatedn/an/a
H•••••• C•• B•••• L••unstated lien unstatedn/an/a
V•••unstated lien unstatedn/an/a
Asset Based Financeunstated lien unstatedn/an/a
Affiliated Issuer | Bond A••••••• Holdings LLC, Term L••• 1term loan lien unstatedn/an/a
Affiliated Issuer | TDC LLP, ABF Equityequity equityn/an/a
Affiliated Issuer | Galaxy Container, Bond 1notes lien unstatedn/an/a
Allspring Government Money Market Fund Institutional Classunstated lien unstatedn/an/aS+350 bp
N••••• N••• H••••• I••unstated lien unstatedn/an/a
Affiliated Issuer | Altitude III, ABF Equityequity equityn/an/a
Page 7 of 7Previous
Registration
Fiscal year end
1231reported
Incorporated
DEreported
On the SEC BDC report
2024 to 2024reported
Filings listed
13reported10-Q and 10-K since 2022
Latest schedule
0001628280-26-056131reported