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.

H•• C•••••••• C•••••• S•••••••• F•••

Business development companymanaged by H•• A•••••••• L••Non-traded· NEW YORK, NY

A non-traded business development company, managed by H•• A•••••••• L••, holding $2.3B across 196 borrowers at Jun 30, 2026.

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

Fair value
$2.3B
Schedule of investments, 10-Q and 10-K
Borrowers
196
Schedule of investments, 10-Q and 10-K
Mark on cost
99.1¢
Schedule of investments, 10-Q and 10-K
First lien
34%
Schedule of investments, 10-Q and 10-K
Schedule of investments (387)Quarter by quarterSponsors
As of · the latest schedule of investments read for this BDC

What matters now

  1. $7.69M
    on non-accrual, 1 borrower

    1 borrower on non-accrual, $7.69M principal; the largest is M•• S••••••• H•••••••• L•• ($7.69M).

    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 M•• S••••••• H•••••••• L•• →
  2. 11 below 80¢
    $28.9M principal

    11 positions across 5 borrowers marked below 80¢ on cost, $28.9M principal.

    Q2 2026 · Marks this low usually come before non-accrual or a restructuring.

    Derivedeach position's fair value over cost, 30 Jun 2026
  3. 40 → 54
    loans paying in kind

    Loans paying in kind rose from 40 to 54 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 →
  4. $1.7B → $2.3B
    fair value, 4 quarters

    Its portfolio grew 38% at fair value over the last four quarters.

    Q2 2026 · A fast-growing book is deploying new capital.

    Factthe schedule's fair value, a year apartQuarter by quarter →
Every headline figure, and the identifiersCIK 1989817 · file 814-01715Show
Fair value
$2.3B
as of Jun 30, 2026
Principal held
$2.1B
debt pieces, the filer's figure
Cost
$2.2B
99c on cost, debt pieces
Unfunded
$166M
commitments not yet drawn
Positions
387
196 borrowers
First lien
34%
86% debt by fair value
Quarters on the tape
9
since Jun 30, 2024
Facilities held
219
30 sponsors financed
Portfolio through time
Fair value by quarter end$2.3B as of Jun 30, 2026
Jun 30, 2024$503M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$2.3B19699c54560 bp
Mar 31, 2026$2.2B196100c40551 bp
Dec 31, 2025$2.2B203101c49541 bp
Sep 30, 2025$2.0B195101c44531 bp
All 9 quarters
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2025$1.7B176101c36521 bp
Mar 31, 2025$1.3B136100c30578 bp
Dec 31, 2024$2.0B101100c59600 bp
Sep 30, 2024$708M81101c16606 bp
Jun 30, 2024$503M61100c12626 bp
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 Jun 30, 2025
310 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
M•••••• I•• L••unstated lien unstated$4.2M$4.2M
101c
S+325 bpMay 6, 2032
T• E••••••• U• N•••• I••unstated lien unstated$4.2M$4.2M
101c
S+300 bpApr 30, 2030
O•••• H••••••• I••unstated lien unstated$4.2M$4.2M
101c
S+350 bpAug 17, 2028
T•• L•••• I••••••••• L••unstated lien unstated$4.0M$4.0M
101c
S+375 bpJul 18, 2031
A•••• G•••• I••••••••• H•••••••• I•••unstated lien unstated$4.0M$4.0M
101c
S+325 bpMay 30, 2032
N••• M•••• U• D••• M•••••••• I••unstated lien unstated$4.0M$4.0M
101c
S+300 bpNov 17, 2031
O•••••• L••••••delayed draw term loan first lien$3.5M$4.0M
111c
S+625 bp
PIK 2.75%
Dec 5, 2031
V•••••• P••••• L••unstated lien unstated$4.0M$3.9M
102c
S+475 bpJul 1, 2032
M•• S••••••• H•••••••• L••revolver first lien$3.8M$3.7M
98c
S+750 bp
PIK 1.50%
Feb 26, 2026
E••••••• R•• L••unstated lien unstated$3.7M$3.7M
101c
S+300 bpAug 1, 2029
T••••• L•••••• G••••• L••unstated lien unstated$3.7M$3.7M
98c
S+750 bp
PIK 3.50%
Mar 27, 2028
F•••• F•••••••• P•••••••• L••unstated lien unstated$3.5M$3.5M
101c
S+275 bpSep 15, 2031
T••••••••• G••••• C•••••• P•• L••unstated lien unstated$3.5M$3.5M
101c
S+650 bpJul 2, 2030
P•• I•••••••• S••••••• o• t•• W••• L••unstated lien unstated$3.5M$3.5M
101c
S+325 bpJun 17, 2032
L••••••• T•••• L••revolver first lien$3.6M$3.5M
99c
S+775 bpMar 31, 2028
A•••••• U• H••••• 1• L••delayed draw term loan first lien$3.0M$3.4M
109c
S+650 bpJul 31, 2029
G••• H••••• L••unstated lien unstated$3.4M$3.4M
102c
S+300 bpJan 27, 2032
S•••••••• H•• B••••••• L••delayed draw term loan first lien$6.3M$3.3M
100c
12.80%
PIK 8.50%
Oct 28, 2029
I•• 8• B•••••••• L••delayed draw term loan first lien$4.3M$3.3M
101c
S+600 bpDec 31, 2028
C• W•• B•••••••• I•••delayed draw term loan first lien$3.2M$3.1M
106c
S+675 bpJan 27, 2028
R•••• A••••••••• H••••••• L••delayed draw term loan first lien$3.1M$3.1M
101c
S+325 bpNov 19, 2031
W•• I••••••••• C•••unstated lien unstated$3.1M$3.0M
100c
S+300 bpFeb 25, 2032
N•• E•• T••••••••• I••unstated lien unstated$4.3M$3.0M
72c
S+625 bpOct 31, 2026
T•••••••• L••unstated lien unstated$3.3M$3.0M
91c
S+775 bpAug 16, 2028
N•• E•• T••••••••• I••unstated lien unstated$4.2M$3.0M
72c
S+625 bpOct 30, 2026
I••••••••• C••••••••• P•••••••• L••unstated lien unstated$2.9M$2.9M
100c
15.25%
PIK 15.25%
Sep 5, 2034
E•• M••••••• T••••••••• I••unstated lien unstated$2.8M$2.8M
101c
S+325 bpFeb 12, 2032
L• A••• U• B•••• L••unstated lien unstated$2.8M$2.8M
102c
S+300 bpMay 1, 2031
C•• I•••••••• G•••• L••unstated lien unstated$2.8M$2.8M
101c
S+275 bpMay 6, 2031
C••••• C•••••••• A••••••• L••unstated lien unstated$2.8M$2.8M
101c
S+300 bpApr 1, 2032
L••••••• T•••• L••revolver first lien$2.8M$2.7M
99c
S+775 bpMar 31, 2028
R•••• I••••••••• P••••••• I••••••••• C•unstated lien unstated$2.6M$2.6M
100c
S+275 bpNov 22, 2029
S••••• B•••• I• I•••revolver first lienNot disclosed$2.6M
107c
S+525 bpJan 31, 2032
S••••• B•••• I• I•••revolver first lien$3.5M$2.5M
106c
S+500 bpJan 31, 2032
K••••••• L••unstated lien unstated$2.8M$2.5M
91c
S+725 bpMay 31, 2028
H•••• • A••••••••• L••unstated lien unstated$2.5M$2.5M
101c
S+275 bpJul 23, 2031
D•• H••••••• L••unstated lien unstated$2.4M$2.4M
100c
S+350 bpJun 26, 2031
H• A••••••••• P•• L••delayed draw term loan first lien$3.8M$2.4M
97c
S+650 bpAug 7, 2029
C••••••••• A••••••••• H••••••• I••unstated lien unstated$2.4M$2.4M
100c
S+318 bpApr 13, 2029
T••••••• I••••••• 2• P••unstated lien unstated$1.7M$2.4M
118c
S+800 bpSep 22, 2028
A••••• T••••• I•••unstated lien unstated$2.3M$2.3M
101c
S+325 bpApr 30, 2031
F••••••• E••••• H••••• L••delayed draw term loan first lien$3.8M$2.3M
100c
11.80%
PIK 7.50%
Oct 1, 2029
A••• G•••• T••••••• L••unstated lien unstated$2.3M$2.3M
100c
S+350 bpFeb 27, 2032
P•• H•••••• C••••unstated lien unstated$2.2M$2.2M
101c
S+625 bpApr 22, 2027
T••• M••••••••• H•••••••• L••unstated lien unstated$2.6M$2.2M
85c
S+650 bp
PIK 2.00%
Dec 1, 2027
W•••••••• M•••• G••••• L••unstated lien unstated$2.1M$2.1M
101c
S+300 bpJun 23, 2032
N••••••••• I•••••••••unstated lien unstatedNot disclosed$2.1M
L•••• O•••••••• H•••••••• L••unstated lien unstatedNot disclosed$2.1M
R••••• S••••••• I••unstated lien unstated$2.0M$2.0M
103c
S+425 bpNov 28, 2028
G•••• O••••••• G••••• L••unstated lien unstated$2.0M$2.0M
100c
S+325 bpJan 23, 2032
K••••••• B••••••• L••unstated lien unstated$2.1M$2.0M
100c
S+775 bpJul 28, 2027
F•••• R••••••••• G•••• L•unstated lien unstated$2.0M$2.0M
100c
S+375 bpJan 28, 2032
V• T•••• I••unstated lien unstated$2.0M$2.0M
101c
S+300 bpAug 9, 2030
P••••••••• I•••unstated lien unstated$2.0M$2.0M
101c
S+300 bpAug 31, 2028
W•••• C•• B••••• L••unstated lien unstated$2.0M$2.0M
100c
S+325 bpOct 19, 2029
G••••••• U• H••••• L••unstated lien unstated$2.0M$2.0M
100c
S+350 bpJan 31, 2030
P••••••••• I••••••••• L••revolver first lien$2.0M$1.9M
99c
S+625 bpJan 12, 2027
C•••••••• F•••••• H••••• I• L••unstated lien unstated$1.9M$1.9M
101c
S+275 bpFeb 26, 2032
S••••••• I••unstated lien unstated$1.9M$1.9M
100c
S+325 bpApr 16, 2031
C•• B••••• I•••revolver first lien$1.9M$1.9M
100c
S+500 bpMay 13, 2032
I•• 9• F••••••••• L••unstated lien unstated$2.5M$1.8M
99c
S+850 bpMar 28, 2031
N•• E•• T••••••••• I••unstated lien unstated$2.5M$1.8M
72c
S+625 bpOct 31, 2026
L••• A••••••••• O••••••••• Z••• R•••• L••delayed draw term loan first lien$1.8M$1.8M
100c
S+750 bpDec 27, 2029
L•••• O•••••••• H•••••••• L••unstated lien unstated$1.8M$1.8M
100c
S+650 bpJun 4, 2030
E••••• A••••••• G•••• L••unstated lien unstated$1.8M$1.8M
101c
S+400 bpFeb 28, 2031
S•••••••• N••• P••••• L••unstated lien unstated$1.8M$1.8M
101c
S+275 bpApr 9, 2032
I•• 8• B•••••••• L••delayed draw term loan first lien$2.9M$1.8M
81c
S+850 bpDec 31, 2028
D••••••••• S••••••• H•••••••• I•••revolver first lien$1.7M$1.7M
100c
S+550 bpMar 15, 2027
C• N••••• I•••revolver first lien$2.5M$1.7M
100c
S+625 bpDec 10, 2029
F• C•••••••• L••unstated lien unstated$1.7M$1.6M
100c
S+550 bp
PIK 1.25%
Nov 26, 2030
L•• C••••••••• L••unstated lien unstated$1,620$1.6M
100c
11.30%
PIK 7.00%
Feb 8, 2029
A•••••• P••••••••• I••revolver first lien$4.0M$1.6M
99c
S+700 bpMar 14, 2030
I••••••••• H•••••••• L••unstated lien unstated$1.6M$1.6M
100c
S+325 bpMar 12, 2032
M••••••••• L••unstated lien unstated$1.5M$1.5M
100c
S+350 bpDec 15, 2028
E•••••• H•••••••• I•••unstated lien unstated$1.5M$1.5M
100c
16.00%
PIK 16.00%
Jun 30, 2027
M•• S••••••• H•••••••• L••revolver first lien$1.5M$1.5M
98c
S+750 bp
PIK 1.50%
Feb 26, 2026
T•••• B•••• S••delayed draw term loan first lien$1.8M$1.5M
114c
S+500 bpOct 17, 2031
R• B••••• I•••revolver first lien$3.8M$1.5M
100c
S+650 bpJan 17, 2031
S••••••• V••••••••• P••••••• L••unstated lien unstated$1.4M$1.4M
101c
S+325 bpDec 4, 2031
L•• I•••••unstated lien unstated$1.4M$1.4M
100c
S+375 bpOct 2, 2028
A•••••• H•••••• I•••unstated lien unstated$1.4M$1.4M
103c
S+300 bpMay 1, 2030
C•••••• P••••• L••unstated lien unstated$1.6M$1.4M
84c
S+325 bpJul 6, 2029
E•••••••• A•••• 1• L•unstated lien unstated$1.2M$1.2M
100c
S+375 bpApr 26, 2028
P•• H•••••• C••••unstated lien unstated$1.2M$1.2M
101c
S+625 bpApr 22, 2027
P•• H•••••• C••••unstated lien unstated$1.1M$1.1M
101c
S+625 bpApr 22, 2027
L••••••• T•••• L••revolver first lien$1.1M$1.1M
99c
S+775 bpApr 1, 2027
T•• O•• G•••• H••••••••• I••unstated lien unstated$1,000$1.1M
122c
C•••••• G••••• L•unstated lien unstated$1.1M$1.1M
100c
S+275 bpJan 28, 2032
Q•• I••unstated lien unstated$994,000$1.0M
102c
S+300 bpApr 30, 2032
S• I••••••••• H•••••••• L••unstated lien unstated$3.4M$999,000
100c
S+500 bpMay 2, 2030
M•• S••••••• H•••••••• L••revolver first lien$1.0M$982,000
98c
S+750 bp
PIK 1.50%
Feb 26, 2026
F••••• 3•• I••unstated lien unstated$980,000$981,000
100c
S+350 bpMar 27, 2032
P•••••••• M••••••• G••••• L••unstated lien unstated$942,000$943,000
101c
S+300 bpNov 18, 2027
E••••••• O•••••••• C• L••unstated lien unstated$913,000$916,000
101c
S+300 bpMar 24, 2032
J••• F•••••••• L••unstated lien unstated$903,000$908,000
101c
S+425 bpFeb 26, 2032
A•••• B••••• L••unstated lien unstated$2.1M$874,000
100c
S+650 bpJan 14, 2030
P••••••••• I••••••••• L••revolver first lien$819,000$809,000
99c
S+625 bpJan 12, 2027
I•• 9• F••••••••• L••unstated lien unstated$1.1M$800,000
103c
A••••• P••••••••• L••unstated lien unstated$671,000$684,000
101c
S+550 bpMay 4, 2028
S••• H•••••• L••unstated lien unstated$711,000$679,000
96c
S+450 bpJul 31, 2031
Page 2 of 4PreviousNext
Registration
Fiscal year end
1231reported
Incorporated
DEreported
On the SEC BDC report
2025 to 2026reported
Filings listed
10reported10-Q and 10-K since 2022
Latest schedule
0001628280-26-056793reported