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.

Maturity wall

Principal BDCs hold, by the quarter it matures

Debt facilities still on a schedule, with a maturity the filer tagged or wrote into the identifier, summed across the BDCs that hold pieces. A lower bound on each facility and on the wall: the pieces other lenders hold are on no tape, and a BDC that tags no maturity leaves its facilities out. 25,806 facilities carry a date.

Q3 2026
$2.0B 134 fac.
Q4 2026
$3.2B 234 fac.
Q1 2027
$3.5B 175 fac.
Q2 2027
$5.9B 312 fac.
Q3 2027
$7.5B 342 fac.
Q4 2027
$9.7B 462 fac.
Q1 2028
$9.3B 328 fac.
Q2 2028
$14B 487 fac.
Q3 2028
$19B 481 fac.
Q4 2028
$26B 646 fac.
Q1 2029
$12B 506 fac.
Q2 2029
$23B 614 fac.
Q3 2029
$18B 576 fac.
Q4 2029
$23B 758 fac.
Q1 2030
$11B 470 fac.
Q2 2030
$23B 633 fac.
Bars: first lien (brand), second lien (amber), unsecured or subordinated (red), lien unstated (grey).

2,485 facilities maturing Jun 30, 2026 to Jun 30, 2028

MaturesFacilitySponsorHeldOn costBDCs
Dec 31, 2026US Anchors Group Inc first lien delayed draw term loan first lienunattributedat least $2.1M100c1
Dec 31, 2026Naumann revolver lien unstatedunattributedat least $1.8M99c1
Dec 31, 2026J.R. Watkins, LLC revolver lien unstatedunattributedat least $1.7M400c1
Dec 31, 2026Winxnet Holdings LLC first lien delayed draw term loan first lienunattributedat least $1.6M100c1
Dec 31, 2026Blink Holdings, Inc first lien delayed draw term loan first lienunattributedat least $1.4M0c1
Dec 31, 2026Peak Investment Holdings, LLC first lien term loan first lienunattributedat least $1.4M99c2
Dec 31, 2026Brewer Crane Holdings, LLC term loan lien unstatedunattributedat least $1.3M100c2
Dec 31, 2026Relevate Health Group, LLC first lien revolver first lienunattributedat least $1.1Mn/a2
Dec 31, 2026IPC Intermediate Holdings Corp other lien unstatedunattributedat least $951,00097c1
Dec 31, 2026Blink Holdings, Inc first lien term loan first lienunattributedat least $921,2970c1
Dec 31, 2026Delaware Valley Management Holdings, Inc first lien delayed draw term loan first lienBeekman Investment Advisors carriedat least $844,45057c1
Dec 31, 2026Valudor Products LLC first lien revolver first lienunattributedat least $821,000102c2
Dec 31, 2026Hancock Roofing and Construction L.L.C first lien revolver first lienSuntx Capital Management Corp. inferredat least $750,000100c2
Dec 31, 2026TJ Management HoldCo, LLC first lien revolver first lienunattributedat least $636,000100c2
Dec 31, 2026Canadian Orthodontic Partners Corp first lien revolver first lienSheridan Capital Partners carriedat least $547,00010c2
Dec 31, 2026ASC Ortho Management Company, LLC first lien term loan first lienunattributedat least $517,00010c2
Dec 31, 2026Integrated Pain Management Medical Group, Inc first lien revolver first lienunattributedat least $442,00096c1
Dec 31, 2026Canadian Orthodontic Partners Corp first lien delayed draw term loan first lienSheridan Capital Partners carriedat least $435,0004c2
Dec 31, 2026Delaware Valley Management Holdings, Inc first lien revolver first lienBeekman Investment Advisors carriedat least $434,39336c1
Dec 31, 2026Liftforward SPV II, LLC first lien term loan first lienunattributedat least $377,00091c2
Dec 31, 2026Peak Investment Holdings, LLC first lien revolver first lienunattributedat least $372,00098c2
Dec 31, 2026American Physician Partners, LLC first lien revolver first lienunattributedat least $346,3220c1
Dec 31, 2026Integrated Pain Management Medical Group, Inc first lien delayed draw term loan first lienunattributedat least $333,00096c1
Dec 31, 2026ASC Ortho Management Company, LLC first lien delayed draw term loan first lienunattributedat least $327,00010c2
Dec 31, 2026ALLIANCE SPORTS GROUP, L.P unsecured or subordinated notes unsecured or subordinatedunattributedat least $173,000100c1
Dec 31, 2026Global Integrated Flooring Systems Inc first lien revolver first lienunattributedat least $55,000n/a1
Dec 31, 2026ASC Ortho Management Company, LLC first lien revolver first lienunattributedat least $38,000n/a2
Dec 31, 2026Pharmathen first lien revolver first lienunattributedunknownn/a1
Dec 31, 2026Winxnet Holdings LLC first lien revolver first lienunattributedunknownn/a1
Jan 1, 2027NewStar Clarendon 2014-1A Class D other lien unstatedunattributedat least $8.3Mn/a1
Jan 1, 2027Tectura Corporation first lien term loan first lienunattributedat least $8.3M100c1
Jan 1, 2027Life Science Provivi term loan lien unstatedunattributedat least $6.5M61c1
Jan 4, 2027Pinnacle Treatment Centers, Inc first lien term loan first lienLinden Capital Partners carriedat least $97.6M98c6
Jan 4, 2027Arcserve Cayman Opco LP first lien delayed draw term loan first lienTA Associates carriedat least $2.9M158c3
Jan 4, 2027Pinnacle Treatment Centers, Inc first lien delayed draw term loan first lienLinden Capital Partners carriedat least $407,80595c2
Jan 4, 2027CVR Management, LLC first lien delayed draw term loan first lienunattributedat least $307,000100c1
Jan 4, 2027Pinnacle Treatment Centers, Inc first lien revolver first lienLinden Capital Partners carriedat least $246,04987c1
Jan 4, 2027CVR Management, LLC first lien term loan first lienunattributedat least $9,000n/a1
Jan 6, 2027Elastic Path Software, Inc first lien term loan first lienunattributedat least $7.3M90c2
Jan 6, 2027Elastic Path Software, Inc first lien delayed draw term loan first lienunattributedat least $3.2M90c2
Jan 8, 2027BBG, Inc first lien term loan first lienunattributedat least $8.2M97c2
Jan 8, 2027Penta CLO Beacon DAC - Units other lien unstatedunattributedat least $2.8M105c1
Jan 8, 2027BBG, Inc first lien revolver first lienunattributedat least $233,000100c1
Jan 12, 2027StarCompliance MidCo, LLC first lien term loan first lienMarlin Equity Partners carriedat least $38.8M100c5
Jan 12, 2027Uptime Institute term loan lien unstatedunattributedat least $22.0Mn/a2
Jan 12, 2027StarCompliance MidCo, LLC first lien revolver first lienMarlin Equity Partners carriedat least $5.0M100c3
Jan 12, 2027Powerhouse Intermediate, LLC first lien revolver first lienWP Global Partners LLC carriedat least $2.4M100c1
Jan 12, 2027Uptime Institute revolver lien unstatedunattributedunknownn/a2
Jan 14, 2027Berlin Rosen Acquisition, LLC first lien term loan first lienunattributedat least $10.5M100c2
Jan 14, 2027Berlin Rosen Acquisition, LLC first lien revolver first lienunattributedat least $2.5M101c1
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A facility maturing inside the window is not a refinancing need on its own: the tape shows extensions as they happen, and the borrower page shows whether the maturity has moved before.