The names past the first few in each section on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $199 a month for every name. Every figure, date and source on this page is public either way.
A business development company
A business development company traded as CSWC, internally managed, holding $2.2B across 143 borrowers at Jun 30, 2026.
Composed from this BDC's filings and its latest schedule of investments.
- Fair value
- $2.2B
- Borrowers
- 143
- Mark on cost
- 96.8¢
- First lien
- 83%
What matters now
- $78.6Mon non-accrual, 5 borrowers
5 borrowers on non-accrual, $78.6M principal; the largest is AMERICAN NUTS OPERATIONS LLC ($27.1M).
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 AMERICAN NUTS OPERATIONS LLC → - $38.6Mnewly on non-accrual
3 borrowers newly placed on non-accrual in Q2 2026, $38.6M principal: AMERICAN NUTS OPERATIONS LLC ($27.1M), Crafty Apes, LLC ($8.57M), U.S. TelePacific Corp ($2.97M).
Q2 2026 · The newest credit problems in the book.
- 16 below 80¢$112M principal
16 positions across 13 borrowers marked below 80¢ on cost, $112M principal.
Q2 2026 · Marks this low usually come before non-accrual or a restructuring.
Derivedeach position's fair value over cost, 30 Jun 2026 - 43 → 46loans paying in kind
Loans paying in kind rose from 43 to 46 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.
- 151 → 143borrowers
Lost a net 8 borrowers in the quarter to Jun 30, 2026, to 143.
Q2 2026 · The book is turning over faster than usual.
Every headline figure, and the identifiersCIK 17313 · file 814-00061ShowHide
Portfolio through time
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $2.2B | 143 | 97c | 46 | 689 bp |
| Mar 31, 2026 | $2.1B | 151 | 97c | 43 | 686 bp |
| Dec 31, 2025 | $2.0B | 136 | 97c | 41 | 689 bp |
| Sep 30, 2025 | $1.9B | 129 | 97c | 31 | 696 bp |
All 17 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2025 | $1.8B | 123 | 97c | 37 | 701 bp |
| Mar 31, 2025 | $4.0B | 153 | 97c | 68 | 712 bp |
| Dec 31, 2024 | $1.7B | 129 | 96c | 32 | 701 bp |
| Sep 30, 2024 | $1.5B | 121 | 97c | 32 | 719 bp |
| Jun 30, 2024 | $1.5B | 119 | 96c | 32 | 726 bp |
| Mar 31, 2024 | $1.5B | 140 | 97c | 27 | 730 bp |
| Dec 31, 2023 | $1.4B | 102 | 99c | 23 | 746 bp |
| Sep 30, 2023 | $1.4B | 97 | 96c | 24 | 748 bp |
| Jun 30, 2023 | $1.3B | 92 | 96c | 23 | 748 bp |
| Mar 31, 2023 | $1.3B | 110 | 95c | 21 | 748 bp |
| Dec 31, 2022 | $1.2B | 87 | 95c | 14 | 750 bp |
| Sep 30, 2022 | $1.1B | 84 | 95c | 17 | 746 bp |
| Mar 31, 2022 | $937M | 92 | 99c | 13 | 751 bp |
Sponsors financed
- LEP Management LLC possible1 borrower $32.6M
- Kainos (TX) Capital LP inferred1 borrower $29.4M
- Backcast Partners Management LLC possible1 borrower $28.8M
+5 additional sponsors this BDC finances
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What changed
- Repeat sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
+15 additional dated changes on this BDC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Largest facilities held, with co-lenders
- ITA Holdings Group, LLC first lien term loan1 BDC hold it · matures Jun 21, 2027$123M 205c
- SPECTRUM OF HOPE, LLC first lien term loan1 BDC hold it · matures Dec 31, 2029$54.3M 81c
- White Plains Linen LLC first lien term loan1 BDC hold it · matures May 1, 2030$48.8M 198c
+350 additional facilities held
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Schedule of investments at Jun 30, 2026
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| CITYVET INC. | term loan first lien | $45.0M | $45.0M 101c | S+700 bp | Sep 6, 2028 |
| GUARDIAN FLEET SERVICES, INC. | term loan first lien | $28.8M | $28.8M 102c | S+900 bp PIK 1.75% | Feb 10, 2028 |
| 360 QUOTE TOPCO, LLC | term loan first lien | $26.3M | $25.8M 98c | S+950 bp PIK 1.00% | Jun 16, 2027 |
| MUENSTER MILLING COMPANY | term loan first lien | $28.2M | $25.2M 90c | S+800 bp | Feb 10, 2027 |
| INSURE HOMES CORPORATION | term loan lien unstated | $23.3M | $23.3M 101c | S+750 bp | Aug 6, 2029 |
678 positions on this schedule
Every borrower on the schedule with its instrument, principal, fair value, rate and maturity, as filed.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Registration
- Fiscal year end
- 0331reported
- Incorporated
- TXreported
- On the SEC BDC report
- 2012 to 2026reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Latest schedule
- 0000017313-26-000095reported
This record is the same institution as 2 records in Allocators and Family Offices.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
This record sits on 48 traced paths of capital across the graphs.
DFX traced 48 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Position history
- Spread widened7.00% to 7.79%2026-06-30
- New positionat $29.0M2026-06-30
- Principal increased$6.8M to $9.8M2026-06-30
+2,144 more position changes
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Each line is one position compared between two consecutive BDC schedules of investments: principal, fair value mark, spread, PIK and maturity, as filed with the SEC.