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 portfolios

231 business development companies

The SEC's 814- registrants. Fair value, principal and borrowers are from the latest tagged schedule of investments; a BDC that has not tagged a schedule (a new registrant, a non-traded fund on N-CSR) shows the registration only.

BDCAdviserFair valuePrincipal heldBorrowersFirst lienQuartersAs of
HPS Corporate Capital Solutions Fund
non-traded · CIK 1989817
HPS ADVISORS, LLC$2.3B$2.1B19634%9Jun 30, 2026
Kayne Anderson BDC, Inc.
KBDC · CIK 1747172
KA Credit Advisors, LLC$2.3B$2.3B11498%6Jun 30, 2026
T Series BDC LLC
non-traded · CIK 1885968
MS CAPITAL PARTNERS ADVISER INC.$2.2B$2.3B27498%15Jun 30, 2026
Bain Capital Private Credit
non-traded · CIK 1899017
BCPC ADVISORS, LP$2.2B$2.1B20085%11Jun 30, 2026
Barings BDC, Inc.
BBDC · CIK 1379785
BARINGS LLC$2.2B$2.1B34777%19Jun 30, 2026
Capital Southwest Corp
CSWC · CIK 17313
internally managed$2.2B$2.1B14483%17Jun 30, 2026
New Mountain Guardian IV BDC, L.L.C.
non-traded · CIK 1925531
NEW MOUNTAIN FINANCE ADVISERS, L.L.C.$2.1B$2.5B14095%15Jun 30, 2026
Aps BDC, LLC
non-traded · CIK 2083477
OHA PRIVATE CREDIT ADVISORS II, L.P.$2.1B$2.3B56n/a2Jun 30, 2026
Blackstone Private Real Estate Credit & Income Fund
non-traded · CIK 2049733
BLACKSTONE REAL ESTATE SPECIAL SITUATIONS ADVISORS L.L.C.$2.0B$2.2B105n/a5Jun 30, 2026
Fortress Private Lending Fund
non-traded · CIK 2012139
FPLF MANAGEMENT LLC$2.0B$1.9M10397%5Jun 30, 2026
AB Private Credit Investors Corp
non-traded · CIK 1634452
AB PRIVATE CREDIT INVESTORS LLC$1.9B$2.0B21697%13Jun 30, 2026
Nuveen Churchill Direct Lending Corp.
NCDL · CIK 1737924
CHURCHILL DLC ADVISOR LLC$1.9B$2.1B29189%15Jun 30, 2026
Jefferies Credit Partners BDC Inc.
non-traded · CIK 1959604
JEFFERIES CREDIT MANAGEMENT LLC$1.9B$1.9B97100%11Jun 30, 2026
Vista Credit Strategic Lending Corp.
non-traded · CIK 1919369
VISTA CREDIT BDC MANAGEMENT, L.P.$1.9B$1.8B92n/a11Jun 30, 2026
CION Investment Corp
CION, CICC, CICB · CIK 1534254
CION INVESTMENT MANAGEMENT, LLC$1.9B$1.6B11361%17Jun 30, 2026
FS Specialty Lending Fund
non-traded · CIK 1501729
FS/EIG Advisor, LLC$1.9B$1.7B77n/a12Jun 30, 2025
KKR FS Income Trust Select
non-traded · CIK 1975736
FS/KKR ADVISOR, LLC$1.8B$1.8B145n/a11Jun 30, 2026
New Mountain Private Credit Fund
non-traded · CIK 2037804
NEW MOUNTAIN FINANCE ADVISERS, L.L.C.$1.8B$2.1B12685%8Jun 30, 2026
26North BDC, Inc.
non-traded · CIK 1950976
26NORTH DIRECT LENDING$1.8Bn/a5597%11Jun 30, 2026
Antares Private Credit Fund
non-traded · CIK 1976336
ANTARES CAPITAL CREDIT ADVISERS LLC$1.7B$2.1B44697%7Jun 30, 2026
Lord Abbett Private Credit Fund S
non-traded · CIK 2041841
LORD ABBETT PRIVATE CREDIT ADVISOR LLC$1.7B$437M7024%6Jun 30, 2026
Fidelity Private Credit Co LLC
non-traded · CIK 1899996
FIDELITY DIVERSIFYING SOLUTIONS LLC$1.6B$1.7B13047%13Mar 31, 2026
Crescent Capital BDC, Inc.
CCAP · CIK 1633336
CRESCENT CAP ADVISORS, LLC$1.6B$1.5B33691%15Jun 30, 2026
Overland Advantage
non-traded · CIK 1965934
Overland Advisors, LLC$1.5B$1.5B2491%9Jun 30, 2026
Oxford Square Capital Corp.
OXSQ, OXSQG, OXSQH · CIK 1259429
OXFORD SQUARE MANAGEMENT, LLC$1.4B$537M5540%7Jun 30, 2026
FIDUS INVESTMENT Corp
FDUS · CIK 1513363
FIDUS INVESTMENT ADVISORS, LLC$1.4B$1.3B11178%15Jun 30, 2026
KKR Enhanced US Direct Lending Fund-L Inc.
non-traded · CIK 2012839
KKR Credit Advisors$1.4B$1.7B90n/a9Jun 30, 2026
NMF SLF I, Inc.
non-traded · CIK 1766037
NEW MOUNTAIN FINANCE ADVISERS, L.L.C.$1.4B$1.5B12596%15Jun 30, 2026
Goldman Sachs Private Middle Market Credit II LLC
non-traded · CIK 1772704
Goldman Sachs Asset Management, L.P$1.4B$1.5B5698%15Jun 30, 2026
BlackRock TCP Capital Corp.
TCPC · CIK 1370755
TENNENBAUM CAPITAL PARTNERS, LLC$1.3B$1.3B17084%16Jun 30, 2026
Remora Capital Corp
non-traded · CIK 2045370
REMORA CAPITAL PARTNERS$1.3Bn/a13168%4Jun 30, 2026
AGL Private Credit Income Fund
non-traded · CIK 2011498
AGL US DL MANAGEMENT LLC$1.3B$1.2B4996%7Jun 30, 2026
Franklin BSP Real Estate Debt BDC
non-traded · CIK 2018545
Benefit Street Partners, L.L.C$1.3B$1.3B60n/a5Jun 30, 2025
Barings Capital Investment Corp
non-traded · CIK 1811972
BARINGS LLC$1.2B$1.1B32179%16Jun 30, 2026
PhenixFIN Corp
PFX, PFXNZ · CIK 1490349
internally managed$1.2B$1.1B4117%6Jun 30, 2026
Runway Growth Finance Corp.
RWAY, RWAYI, RWAYL · CIK 1653384
RUNWAY GROWTH CAPITAL LLC$1.2B$1.2B8190%16Jun 30, 2026
Silver Point Specialty Lending Fund
non-traded · CIK 1646614
Silver Point Specialty Credit Fund Management, LLC$1.1B$1.2B11594%15Jun 30, 2026
Audax Private Credit Fund, LLC
non-traded · CIK 2033362
AUDAX PDB MANAGEMENT COMPANY, LLC$1.1B$1.1B18695%6Jun 30, 2026
Palmer Square Capital BDC Inc.
PSBD · CIK 1794776
PALMER SQUARE BDC ADVISOR LLC$1.1B$1.2B20787%9Jun 30, 2026
Kennedy Lewis Capital Co
non-traded · CIK 1911321
KENNEDY LEWIS CAPITAL HOLDINGS LLC$1.1B$1.2B5596%14Jun 30, 2026
Gladstone Investment Corporation\De
GAIN, GAING, GAINI, GAINZ · CIK 1321741
Gladstone Management Corporation$1.1B$611M29n/a17Jun 30, 2026
Msc Income Fund, Inc.
MSIF · CIK 1535778
MSC ADVISER I, LLC$1.0B$1.0B153n/a19Jun 30, 2026
CCS IX Portfolio Holdings, LLC
non-traded · CIK 2017636
CRESCENT CAPITAL GROUP LP$1.0B$1.0B1696%6Jun 30, 2026
Phillip Street BDC LLC
non-traded · CIK 1948368
Goldman Sachs Asset Management, L.P$987M$1.2B94100%15Jun 30, 2026
Lafayette Square USA, Inc.
non-traded · CIK 1849089
LS BDC ADVISER, LLC$984M$881M6287%15Jun 30, 2026
Stellus Capital Investment Corp
SCM · CIK 1551901
STELLUS CAPITAL MANAGEMENT, LLC$973M$872M1300%17Jun 30, 2026
Oaktree Gardens OLP, LLC
non-traded · CIK 1974793
OAKTREE FUND ADVISORS, LLC$962M$972M3299%13Jun 30, 2026
Gladstone Capital Corp
GLAD · CIK 1143513
Gladstone Management Corporation$953M$878M67n/a16Jun 30, 2026
Crescent Private Credit Income Corp
non-traded · CIK 1954360
CRESCENT CAP NT ADVISORS, LLC$945M$925M23291%12Jun 30, 2026
John Hancock Comvest Private Income Fund
non-traded · CIK 1987221
COMVEST CREDIT MANAGERS, LLC$939M$925M9697%11Jun 30, 2026
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