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P•••••••• C•••••• C•••
A business development company traded as PIAC, managed by H•••• H•••••• L••, holding $24.7M across 5 borrowers at Jun 30, 2026.
Composed from this BDC's filings and its latest schedule of investments.
As of · the latest schedule of investments read for this BDC
- Fair value
- $24.7M
- Borrowers
- 5
- First lien
- 23%
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
As of · the latest schedule of investments read for this BDC
Nothing material in the last 200 days. Last change: 30 Jun 2026, ••• Locked.
Every headline figure, and the identifiersCIK 845385 · file 814-00710ShowHide
Fair value
$24.7M
as of Jun 30, 2026
Principal held
$36.5M
debt pieces, the filer's figure
Cost
Not disclosed
no schedule read
Unfunded
Not disclosed
commitments not yet drawn
Positions
34
5 borrowers
First lien
23%
47% debt by fair value
Quarters on the tape
10
since Dec 31, 2023
Facilities held
16
0 sponsors financed
Portfolio through time
Fair value by quarter end$24.7M as of Jun 30, 2026
Dec 31, 2023$39.4M then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $24.7M | 5 | n/a | 3 | n/a |
| Mar 31, 2026 | $24.2M | 5 | n/a | 3 | n/a |
| Dec 31, 2025 | $24.4M | 5 | n/a | 2 | n/a |
| Sep 30, 2025 | $24.3M | 5 | n/a | 3 | n/a |
All 10 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2025 | $28.9M | 5 | n/a | 2 | n/a |
| Mar 31, 2025 | $27.6M | 6 | n/a | 2 | n/a |
| Dec 31, 2024 | $32.4M | 7 | n/a | 2 | n/a |
| Sep 30, 2024 | $30.8M | 6 | n/a | 2 | n/a |
| Jun 30, 2024 | $31.3M | 6 | n/a | 2 | n/a |
| Dec 31, 2023 | $39.4M | 6 | n/a | 0 | n/a |
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
- Returned to accrualJun 30, 2026
- PIK interest appearsSep 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Maturity shortened (observed)Mar 31, 2025
- New borrower on a BDC scheduleDec 31, 2024
Full timeline · 6 eventsShow fewer
- Maturity extended (observed)Dec 31, 2024
Largest facilities held, with co-lenders
- A••••••• C•••••••• S••••••• S••••••••• I•• equity1 BDC hold it$19.4M n/a
- R••••••• S•••••• G••••• I•• first lien term loan1 BDC hold it · matures Mar 31, 2018$12.7M n/a
- A••••••• C•••••••• S••••••• S••••••••• I•• second lien term loan1 BDC hold it · matures Dec 31, 2029$9.0M n/a
- P••••••••• A•••••• L•• second lien term loan1 BDC hold it · matures Dec 31, 2026$7.2M n/a
- R••••••• S•••••• G••••• I•• revolver1 BDC hold it · matures Dec 31, 2027$4.5M n/a
- A••••••• C•••••••• S••••••• S••••••••• I•• unsecured or subordinated term loan1 BDC hold it · matures Dec 31, 2027$2.8M n/a
- P•• S•• S••• I•• first lien revolver1 BDC hold it · matures Dec 31, 2028$270,000 n/a
- P•• S•• S••• I•• equity1 BDC hold it$200 n/a
- R••••••• H•••••••• L•• equity1 BDC hold it$200 n/a
- P••••••••• A•••••• L•• equity1 BDC hold it$26 n/a
- R••••••• H•••••••• L•• warrants1 BDC hold it · matures Jul 28, 2028$20 n/a
- A••••••• C•••••••• S••••••• S••••••••• I•• warrants1 BDC hold it · matures Jan 1, 2027$4 n/a
Schedule of investments at Mar 31, 2025
17 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| C•••••• I••••••••• | unstated lien unstated | Not disclosed | $13.8M | ||
| R••••••• S•••••• G••••• I••• | term loan first lien | $6.4M | $6.3M | 8.00% PIK 6.00% | Mar 31, 2018 |
| A••••••• C•••••••• S••••••• S••••••••• I••• | term loan second lien | $4.5M | $3.9M | 12.00% | Dec 31, 2029 |
| R•••••••• L••• | revolver lien unstated | $2.3M | $2.3M | ||
| P•• S•• S••• I••• | equity equity | $100 | $1.2M | ||
| P•• S•• S••• I••• | revolver first lien | $80,000 | $80,000 | 10.00% | Dec 31, 2027 |
| D••••••• M•••••• M••••••••• I••• | term loan first lien | $1.5M | Not disclosed | 12.00% PIK 6.00% | Mar 31, 2020 |
| R••••••• H•••••••• L•• | equity equity | $100 | Not disclosed | ||
| A••••••• C•••••••• S••••••• S••••••••• I••• | warrants equity | $1 | Not disclosed | Jan 1, 2027 | |
| I••••••••• M•••••• P•••••••• L•• • P•••••••• M••••••••• | equity equity | $760 | Not disclosed | ||
| A••••••• C•••••••• S••••••• S••••••••• I••• | equity equity | $225,000 | Not disclosed | ||
| A••••••• C•••••••• S••••••• S••••••••• I••• | equity equity | $9.5M | Not disclosed | ||
| A••••••• C•••••••• S••••••• S••••••••• I••• | warrants equity | $1 | Not disclosed | Jan 1, 2027 | |
| A••••••• C•••••••• S••••••• S••••••••• I••• | term loan unsecured or subordinated | $1.4M | Not disclosed | 6.33% | Dec 31, 2027 |
| I••••••••• M•••••• P•••••••• L•• • P•••••••• M••••••••• | equity equity | $800 | Not disclosed | ||
| R••••••• H•••••••• L•• | warrants equity | $10 | Not disclosed | Jul 28, 2028 | |
| I••••••••• M•••••• P•••••••• L•• | equity equity | $14,082 | Not disclosed |
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Registration
- Fiscal year end
- 1231reported
- Incorporated
- MDreported
- On the SEC BDC report
- 2012 to 2026reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Former names
- REGAL ONE CORP; REGAL ONE Corpreported
- Latest schedule
- 0001213900-26-090000reported
Not yet on record: mark on cost.