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.

BDC portfolio

SL Investment Fund II LLC

BDCnon-tradedCIK 2028686file 814-01754NEW YORK, NYmanaged by MS CAPITAL PARTNERS ADVISER INC.
Fair value
$723M
as of Jun 30, 2026
Principal held
$733M
debt pieces, the filer's figure
Cost
$728M
99c on cost
Unfunded
$203M
commitments not yet drawn
Positions
372
103 borrowers
First lien
100%
100% debt by fair value
Quarters on the tape
7
since Dec 31, 2024
Facilities held
235
17 sponsors financed
Portfolio through time
Fair value by quarter end$723M as of Jun 30, 2026
Dec 31, 2024$624M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$723M10399c14484 bp
Mar 31, 2026$654M106100c13479 bp
Dec 31, 2025$583M98100c5477 bp
Sep 30, 2025$454M77100c5480 bp
Jun 30, 2025$407M60101c5488 bp
Mar 31, 2025$349M52100c5493 bp
Dec 31, 2024$624M53101c4491 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
372 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
Merative, LP
Health Care Providers & Services
term loan first lien$18.4M$18.4M
100c
SOFR+450 bpSep 30, 2032
Victors Purchaser, LLC
IT Services
term loan first lien$18.2M$18.2M
101c
SOFR+450 bpDec 23, 2032
Integrity Marketing Acquisition, LLC
Insurance Services
term loan first lien$17.5M$17.5M
100c
SOFR+500 bpAug 25, 2028
MRI Software, LLC
Real Estate Management & Development
term loan first lien$16.5M$16.4M
100c
SOFR+475 bpFeb 10, 2028
Fetch, Inc.
Insurance Services
term loan first lien$16.3M$16.2M
100c
SOFR+475 bpMar 31, 2033
Nasuni Corporation Onit, Inc.term loan first lien$14.9M$14.9M
101c
SOFR+475 bpJan 27, 2032
Diligent Corporation Emburse, Inc.term loan first lien$14.7M$14.7M
100c
SOFR+425 bpMay 28, 2032
Pareto Health Intermediate Holdings, Inc.
Health Care Providers & Services
term loan first lien$14.6M$14.5M
100c
SOFR+500 bpJun 3, 2030
Montana Buyer, Inc. Nasuni Corporationterm loan first lien$14.0M$13.8M
99c
SOFR+500 bpSep 10, 2030
Granicus, Inc. Jawbreaker Parent, Inc.term loan first lien$13.9M$13.7M
99c
SOFR+475 bpJan 31, 2033
Two Six Labs, LLC
Aerospace & Defense
term loan first lien$13.3M$13.2M
100c
SOFR+500 bpAug 20, 2030
Automobiles Drivecentric Holdings, LLCterm loan first lien$13.2M$13.2M
101c
SOFR+450 bpAug 15, 2031
TA Polaris Buyer, Inc.
Health Care Providers & Services
term loan first lien$13.0M$12.9M
100c
SOFR+425 bpDec 12, 2032
365 Retail Market, LLC
Financial Services
term loan first lien$12.5M$12.4M
100c
SOFR+475 bpMay 6, 2033
Orbcomm, Inc.
Diversified Telecommunication Services
term loan first lien$12.2M$12.1M
100c
SOFR+525 bpApr 27, 2032
Coupa Holdings, LLC Diligent Corporationterm loan first lien$12.1M$11.9M
98c
SOFR+842 bpAug 2, 2030
Apex Service Partners, LLC
Diversified Consumer Services
term loan first lien$11.9M$11.9M
101c
SOFR+500 bpOct 24, 2030
Accordion Partners, LLC
Professional Services
term loan first lien$11.8M$11.8M
100c
SOFR+500 bpNov 17, 2031
Software AuditBoard, Inc.term loan first lien$12.0M$11.6M
98c
SOFR+500 bpJul 14, 2031
CCI Buyer, Inc.
Wireless Telecommunication Services
term loan first lien$11.3M$11.2M
100c
SOFR+500 bpMay 13, 2032
CSHC Buyerco, LLC
Health Care Equipment & Supplies
term loan first lien$11.1M$11.0M
100c
SOFR+500 bpApr 29, 2033
Goose Borrower, LP
Industrial Conglomerates
term loan first lien$10.8M$10.7M
100c
SOFR+475 bpMar 2, 2033
Thrive Buyer, Inc. (Thrive Networks)
IT Services
term loan first lien$11.1M$10.5M
96c
SOFR+500 bp
PIK 2.50%
Feb 2, 2032
Ridge Trail US Bidco, Inc.
IT Services
term loan first lien$10.1M$10.1M
101c
SOFR+450 bpSep 30, 2031
Superman Holdings, LLC
Construction & Engineering
term loan first lien$9.9M$9.8M
100c
SOFR+450 bpAug 29, 2031
Transit Technologies, LLC
Commercial Services & Supplies
term loan first lien$10.0M$9.7M
98c
SOFR+500 bpAug 20, 2031
Runway Bidco, LLC Saturn Borrower, Inc.term loan first lien$9.7M$9.4M
98c
SOFR+600 bpNov 10, 2028
ComPsych Investment Corp.
Professional Services
term loan first lien$9.2M$9.1M
100c
SOFR+475 bpJul 22, 2031
Jawbreaker Parent, Inc. Montana Buyer, Inc.term loan first lien$8.8M$8.8M
100c
SOFR+475 bpJul 22, 2029
Pamlico Avant Holdings, LP
Electronic Equipment, Instruments & Components
term loan first lien$8.6M$8.4M
99c
SOFR+425 bpDec 31, 2032
Apollo Acquisition, Inc.
IT Services
term loan first lien$8.4M$8.2M
99c
SOFR+525 bpDec 30, 2031
Banyan Software Holdings, LLC Banyan Software Holdings, LLCterm loan first lien$8.4M$8.2M
99c
SOFR+550 bpJan 2, 2031
Vessco Midco Holdings, LLC
Multi-Utilities
term loan first lien$8.3M$8.2M
99c
SOFR+450 bpJul 24, 2031
Project Potter Buyer, LLC
Building Products
term loan first lien$8.1M$8.1M
100c
SOFR+525 bpApr 23, 2027
Cyber US Bidco, LLC
IT Services
term loan first lien$8.1M$7.9M
99c
SOFR+500 bpDec 30, 2032
BCTO Bluebill Midco, Inc.
Financial Services
term loan first lien$7.8M$7.7M
99c
SOFR+450 bpJul 30, 2032
AWP Group Holdings, Inc.
Commercial Services & Supplies
term loan first lien$7.6M$7.5M
100c
SOFR+591 bp
PIK 3.28%
Dec 22, 2032
Model N, Inc.
Life Sciences Tools & Services
term loan first lien$7.5M$7.4M
100c
SOFR+475 bpJun 27, 2031
Pharmaceuticals Specialty Pharma III, Inc.term loan first lien$7.4M$7.3M
99c
SOFR+475 bpDec 23, 2032
Emburse, Inc. Everbridge Holdings, LLCterm loan first lien$7.3M$7.3M
100c
SOFR+500 bpJul 2, 2031
Saturn Borrower, Inc. Vanco Payment Solutions, LLCterm loan first lien$7.4M$7.3M
99c
SOFR+475 bpDec 1, 2031
HSI Halo Acquisition, Inc.
Commercial Services & Supplies
term loan first lien$7.2M$7.2M
101c
SOFR+500 bpJun 30, 2031
Essential Services Holding Corporation
Diversified Consumer Services
term loan first lien$7.6M$7.2M
95c
SOFR+575 bp
PIK 2.88%
Jun 17, 2031
DA Blocker Corp.
Diversified Consumer Services
term loan first lien$7.1M$6.9M
99c
SOFR+475 bpFeb 10, 2032
Inhabitiq, Inc.
Real Estate Management & Development
term loan first lien$6.8M$6.8M
100c
SOFR+450 bpJan 12, 2032
Beverages Vamos Bidco, Inc.term loan first lien$6.7M$6.5M
99c
SOFR+450 bpJan 30, 2032
Trintech, Inc.
Financial Services
term loan first lien$6.6M$6.4M
99c
SOFR+475 bpJan 28, 2033
TS Imagine, Inc.
Building Products
term loan first lien$6.5M$6.4M
100c
SOFR+625 bpJun 12, 2031
WIPFLI Advisory, LLC
Professional Services
term loan first lien$6.2M$6.1M
99c
SOFR+425 bpOct 1, 2032
VRC Companies, LLC
Commercial Services & Supplies
term loan first lien$6.0M$6.0M
100c
SOFR+550 bpJun 29, 2027
AuditBoard, Inc. Banyan Software Holdings, LLCterm loan first lien$6.0M$5.9M
100c
SOFR+550 bpJan 2, 2031
Ascend Partner Services, LLC
Professional Services
term loan first lien$5.9M$5.8M
100c
SOFR+450 bpAug 11, 2031
VRC Companies, LLC
Commercial Services & Supplies
term loan first lien$5.8M$5.8M
101c
SOFR+550 bpJun 29, 2027
eShipping, LLC
Ground Transportation
term loan first lien$5.7M$5.6M
99c
SOFR+450 bpDec 23, 2032
LHS Borrower, LLC
Diversified Consumer Services
term loan first lien$5.7M$5.6M
99c
SOFR+525 bpSep 4, 2031
AuditBoard, Inc.term loan first lien$5.7M$5.5M
98c
SOFR+500 bpJul 14, 2031
SV Newco 2, Inc.
Ground Transportation
term loan first lien$5.5M$5.5M
100c
SOFR+500 bpJun 2, 2031
SV Newco 2, Inc.
Ground Transportation
term loan first lien$5.6M$5.5M
99c
SOFR+500 bpJun 2, 2031
Railpros Parent, LLC
Commercial Services & Supplies
term loan first lien$5.4M$5.4M
101c
SOFR+425 bpMay 24, 2032
Any Hour, LLC
Diversified Consumer Services
term loan first lien$5.9M$5.3M
90c
SOFR+575 bp
PIK 3.25%
May 23, 2030
Rivet Bidco Limited Runway Bidco, LLCterm loan first lien$5.4M$5.3M
98c
SOFR+450 bpDec 17, 2031
Automobiles Vehlo Purchaser, LLCterm loan first lien$5.3M$5.2M
99c
SOFR+525 bpMay 24, 2028
Accel International Holdings, Inc.
Electrical Equipment
term loan first lien$5.0M$5.0M
100c
SOFR+425 bpApr 26, 2032
UpStack, Inc.
IT Services
term loan first lien$4.9M$4.8M
99c
SOFR+500 bpAug 25, 2031
Apex Service Partners, LLC
Diversified Consumer Services
term loan first lien$4.6M$4.6M
101c
SOFR+500 bpOct 24, 2030
Automobiles Vehlo Purchaser, LLCterm loan first lien$4.5M$4.5M
99c
SOFR+525 bpMay 24, 2028
EVDR Purchaser, Inc.
Diversified Consumer Services
term loan first lien$4.5M$4.5M
100c
SOFR+450 bpFeb 14, 2031
GTCR ABC Buyer, LLC
Financial Services
term loan first lien$4.5M$4.4M
100c
SOFR+450 bpApr 14, 2033
Galway Borrower, LLC
Insurance Services
term loan first lien$4.4M$4.3M
99c
SOFR+450 bpSep 29, 2028
Patriot Growth Insurance Services, LLC
Insurance Services
term loan first lien$4.4M$4.3M
98c
SOFR+500 bpOct 16, 2028
Spark Buyer, LLC
Electrical Equipment
term loan first lien$4.6M$4.3M
93c
SOFR+525 bpOct 15, 2031
Banks Computer Services, Inc.term loan first lien$4.0M$4.0M
99c
SOFR+450 bpNov 17, 2031
Jonathan Acquisition Company
Aerospace & Defense
term loan first lien$4.0M$3.9M
100c
SOFR+450 bpNov 12, 2029
Onit, Inc. Rivet Bidco Limitedterm loan first lien$4.0M$3.9M
100c
SOFR+450 bpApr 8, 2032
PMA Parent Holdings, LLC
Financial Services
term loan first lien$3.7M$3.7M
100c
SOFR+475 bpJan 31, 2031
GC Waves Holdings, Inc.
Financial Services
term loan first lien$3.7M$3.6M
99c
SOFR+450 bpOct 4, 2030
IG Investment Holdings, LLC
Professional Services
term loan first lien$3.5M$3.5M
101c
SOFR+500 bpSep 22, 2028
CRCI Longhorn Holdings, Inc.
Commercial Services & Supplies
term loan first lien$3.5M$3.5M
101c
SOFR+475 bpAug 27, 2031
GC Waves Holdings, Inc.
Financial Services
term loan first lien$3.5M$3.4M
99c
SOFR+450 bpOct 4, 2030
Superman Holdings, LLC
Construction & Engineering
term loan first lien$3.2M$3.2M
100c
SOFR+450 bpAug 29, 2031
Ascend Partner Services, LLC
Professional Services
term loan first lien$3.2M$3.2M
100c
SOFR+450 bpAug 11, 2031
LJ Avalon Holdings, LLC
Construction & Engineering
term loan first lien$3.2M$3.2M
100c
SOFR+475 bpFeb 1, 2030
Firebird Acquisition Corp, Inc.
Commercial Services & Supplies
term loan first lien$2.9M$2.9M
100c
SOFR+500 bp
PIK 2.75%
Feb 2, 2032
Carr, Riggs and Ingram Capital, LLC
Professional Services
term loan first lien$2.8M$2.8M
100c
SOFR+450 bpNov 18, 2031
Banyan Software Holdings, LLC Coupa Holdings, LLCterm loan first lien$2.8M$2.8M
99c
SOFR+525 bpFeb 27, 2030
MRI Software, LLC
Real Estate Management & Development
term loan first lien$2.6M$2.6M
100c
SOFR+475 bpFeb 10, 2028
Thrive Buyer, Inc. (Thrive Networks)
IT Services
term loan first lien$2.5M$2.4M
96c
SOFR+500 bp
PIK 2.50%
Feb 2, 2032
Vessco Midco Holdings, LLC
Multi-Utilities
term loan first lien$2.2M$2.2M
98c
SOFR+450 bpJul 24, 2031
Eclipse Buyer, Inc.
Diversified Consumer Services
term loan first lien$2.2M$2.1M
99c
SOFR+450 bpSep 8, 2031
Accordion Partners, LLC
Professional Services
term loan first lien$2.0M$2.0M
99c
SOFR+500 bpNov 17, 2031
Cerity Partners, LLC
Financial Services
term loan first lien$1.8M$1.8M
100c
SOFR+450 bpJul 28, 2031
LJ Avalon Holdings, LLC
Construction & Engineering
term loan first lien$1.8M$1.8M
99c
SOFR+475 bpFeb 1, 2030
UHY Advisors, Inc.
Professional Services
term loan first lien$1.7M$1.7M
100c
SOFR+475 bpNov 21, 2031
TA Polaris Buyer, Inc.
Health Care Providers & Services
term loan first lien$1.7M$1.6M
98c
SOFR+425 bpDec 12, 2032
Any Hour, LLC Investment Other Debt
Diversified Consumer Services
unstated lien unstated$1.9M$1.6M
83c
13.00%
PIK 13.00%
May 23, 2031
MAI Capital Management Intermediate, LLC
Financial Services
term loan first lien$1.4M$1.4M
99c
SOFR+475 bpAug 29, 2031
MAI Capital Management Intermediate, LLC
Financial Services
term loan first lien$1.3M$1.3M
99c
SOFR+475 bpAug 29, 2031
Blue River PetCare, LLC
Health Care Providers & Services
term loan first lien$1.2M$1.2M
99c
SOFR+500 bpAug 1, 2029
GarageCo Intermediate II, LLC
Diversified Consumer Services
term loan first lien$1.2M$1.2M
99c
SOFR+425 bpAug 2, 2032
UHY Advisors, Inc.
Professional Services
term loan first lien$1.2M$1.2M
100c
SOFR+475 bpNov 21, 2031
Page 1 of 4Next
Registration
Fiscal year end
1231reported
Incorporated
DEreported
On the SEC BDC report
2025 to 2026reported
Filings listed
7reported10-Q and 10-K since 2022
Latest schedule
0001193125-26-346866reported