BDCs
BDC Filing Season Q3 2024 Week 2
BDC data provided by the Advantage Data Workstation, a SOLVE product. For more information about our BDC data or our other products please contact marketpulse@solvefixedincome.com.
Filing Recap
BDC Filing season is in full swing. This report will analyze the 44 BDCs that filed last week. Aggregate Fair Value reported by these BDCs is 125.88 Billion USD which is approximately 35.36% of aggregate AUM of all BDCs.
| Name | Number of Investments | % Portfolio | Cost | % Gain/Loss | Principal Value | Fair Value | FV Yield | Filtered Yield | Cost Yield |
| Blue Owl Credit Income Corp. | 717 | 100.00% | 24,771,315 | 0.237% | 23,732,457 | 24,830,079 | 7.82% | 8.16% | 7.91% |
| FS KKR Capital Corp. | 525 | 100.00% | 14,542,500 | -4.201% | 19,223,780 | 13,931,500 | 11.17% | 10.53% | 11.22% |
| Blue Owl Capital Corp. | 499 | 100.00% | 13,400,390 | 0.352% | 11,591,454 | 13,447,536 | 6.88% | 8.30% | 7.71% |
| Prospect Capital | 211 | 100.00% | 7,329,338 | 2.010% | 7,707,951 | 7,476,641 | 18.87% | 11.73% | 17.37% |
| Sixth Street Lending Partners | 93 | 100.00% | 5,774,926 | 2.630% | 5,818,929 | 5,926,828 | 11.14% | 11.13% | 11.65% |
| Blue Owl Technology Finance Corp. II | 275 | 100.00% | 5,053,683 | 0.599% | 4,624,702 | 5,083,969 | 9.49% | 10.33% | 9.97% |
| Blue Owl Technology Income Corp. | 339 | 100.00% | 4,955,370 | 0.472% | 4,764,899 | 4,978,776 | 5.62% | 8.66% | 6.81% |
| Blue Owl Capital Corp III | 446 | 100.00% | 4,232,795 | 0.385% | 3,936,019 | 4,249,075 | 7.15% | 7.96% | 7.91% |
| Morgan Stanley Direct Lending Fund | 520 | 100.00% | 3,753,046 | -0.594% | 3,671,427 | 3,730,752 | 11.19% | 10.84% | 10.81% |
| Goldman Sachs BDC | 503 | 100.00% | 3,641,856 | -5.442% | 4,255,873 | 3,443,656 | 12.88% | 12.02% | 12.01% |
| Sixth Street Specialty Lending Inc. | 192 | 100.00% | 3,431,090 | 0.291% | 3,333,086 | 3,441,075 | 17.83% | 11.87% | 13.12% |
| MidCap Financial Investment Corp. | 605 | 100.00% | 3,230,143 | -6.238% | 2,888,406 | 3,028,657 | — | — | — |
| Barings Private Credit Corp | 606 | 100.00% | 2,876,554 | 0.207% | 2,601,789 | 2,882,519 | 11.80% | 10.93% | 10.88% |
| Bain Capital Specialty Finance Inc. | 402 | 100.00% | 2,441,101 | -0.207% | 2,037,852 | 2,436,038 | 15.11% | 11.69% | 12.17% |
| Barings BDC | 636 | 100.00% | 2,446,920 | -1.234% | 2,107,365 | 2,416,714 | 11.93% | 11.10% | 10.91% |
| SLR Investment Corp. | 136 | 100.00% | 2,427,195 | -1.339% | 1,587,359 | 2,394,702 | 10.70% | 10.66% | 11.25% |
| Nuveen Churchill BDC INC. | 459 | 100.00% | 2,137,845 | -1.332% | 3,878,379 | 2,109,367 | 12.14% | 10.78% | 10.74% |
| BlackRock TCP Capital Corp. | 319 | 100.00% | 2,061,033 | -2.317% | 1,956,593 | 2,013,271 | 32.95% | 12.49% | 17.13% |
| T. Rowe Price OHA Private Credit Fund | 271 | 100.00% | 1,927,465 | 0.527% | 2,346,426 | 1,937,619 | 26.23% | 10.83% | 61.95% |
| Cion Investment Corp. | 246 | 100.00% | 1,850,244 | -2.379% | 1,711,918 | 1,806,229 | 27.32% | 13.29% | 15.16% |
| Carlyle Secured Lending Inc. | 175 | 100.00% | 1,757,621 | -2.736% | 1,672,157 | 1,709,537 | 12.94% | 11.68% | 11.77% |
| Palmer Square Capital BDC Inc. | 260 | 100.00% | 1,433,877 | -3.074% | 1,422,993 | 1,389,801 | 15.14% | 9.77% | 9.82% |
| Barings Capital Investment Corp | 534 | 100.00% | 1,369,871 | -0.049% | 1,172,973 | 1,369,193 | 11.72% | 10.84% | 11.05% |
| Stellus Capital Investment Corp. | 301 | 100.00% | 909,320 | -0.066% | 858,499 | 908,719 | 49.88% | 15.18% | 12.87% |
| Gladstone Investment Corp. | 57 | 100.00% | 840,147 | 1.566% | 650,480 | 853,307 | 37.06% | 14.19% | 13.62% |
| BlackRock Private Credit Fund | 292 | 100.00% | 776,535 | 3.370% | 787,742 | 802,701 | 10.44% | 10.33% | 10.51% |
| Diameter Credit Co. | 63 | 100.00% | 791,728 | 0.692% | 773,819 | 797,208 | 10.60% | 10.60% | 10.76% |
| TriplePoint Venture Growth BDC Corp. | 310 | 100.00% | 786,379 | -2.287% | 654,143 | 768,393 | 16.77% | 13.73% | 9.07% |
| Brightwood Capital Corp I | 101 | 100.00% | 748,290 | 0.319% | 751,962 | 750,680 | 11.89% | 11.76% | 11.84% |
| WhiteHorse Finance | 148 | 100.00% | 719,628 | -7.336% | 680,173 | 666,835 | 16.34% | 13.11% | 13.19% |
| Nuveen Churchill Private Credit Fund | 162 | 100.00% | 553,348 | -0.033% | 578,208 | 553,166 | 10.98% | 10.98% | 11.06% |
| Franklin BSP Real Estate Credit BDC | 24 | 100.00% | 517,523 | 1.067% | 522,867 | 523,045 | — | — | — |
| Lafayette Square USA Inc. | 53 | 100.00% | 461,102 | 0.011% | 456,245 | 461,154 | 12.03% | 12.03% | 11.97% |
| TriplePoint Private Venture Credit | 493 | 100.00% | 450,849 | -2.872% | 360,203 | 437,900 | 14.81% | 13.21% | 8.46% |
| Portman Ridge Finance Corp. | 152 | 100.00% | 502,779 | -14.679% | 2,690,271 | 428,978 | 15.27% | 12.28% | 12.73% |
| OHA Senior Private Lending Fund LLC | 153 | 100.00% | 423,852 | 1.088% | 496,647 | 428,465 | 20.11% | 10.62% | 71.10% |
| SCP Private Credit Income BDC LLC | 38 | 100.00% | 359,741 | -1.501% | 329,791 | 354,340 | 10.89% | 10.72% | 11.01% |
| Oxford Square Capital Corp. | 61 | 100.00% | 462,299 | -33.832% | 638,641 | 305,892 | 64.56% | 12.40% | 17.48% |
| BlackRock Direct Lending Corp. | 247 | 100.00% | 268,603 | 1.354% | 270,148 | 272,241 | 16.11% | 12.05% | 12.12% |
| Logan Ridge Finance Corp. | 87 | 100.00% | 196,120 | -10.473% | 186,990 | 175,580 | 14.33% | 12.61% | 13.18% |
| BC Partners Lending Corp. | 98 | 100.00% | 136,492 | -2.670% | 137,205 | 132,848 | 13.76% | 12.69% | 12.51% |
| Silver Spike Investment Corp. | 11 | 100.00% | 85,065 | 0.983% | 55,736 | 85,901 | 14.86% | 14.86% | 15.69% |
| Rand Capital Corp. | 54 | 100.00% | 67,052 | 11.906% | 49,434 | 75,036 | 11.07% | 12.80% | 11.69% |
| SLR HC BDC LLC | 34 | 100.00% | 71,562 | 1.481% | 69,492 | 72,622 | 10.47% | 10.47% | 10.92% |
| GRAND TOTAL | 11908 | 100% | 126,974,592 | -0.855% | 130,043,483 | 125,888,545 | 7.220% | 5.10% | 6.58% |
Non-Accruals
At least 30 BDCs that filed last week have reported Non–Accruals amounting to 2.01 Billion USD at Cost. FS KKR Capital abd BlackRock TCP are leading the Non-Accruals list.
| Name | Number of Investments | % Portfolio | Cost | % Gain/Loss | Principal Value | Fair Value | FV Yield | Filtered Yield | Cost Yield |
| FS KKR Capital Corp. | 10 | 0.71% | 354,500 | -72.214% | 413,000 | 98,500 | — | — | — |
| BlackRock TCP Capital Corp. | 18 | 3.94% | 205,195 | -61.306% | 221,551 | 79,399 | 223.82% | — | 52.12% |
| Blue Owl Capital Corp. | 10 | 0.56% | 243,913 | -69.060% | 319,580 | 75,467 | — | — | — |
| Goldman Sachs BDC | 11 | 2.17% | 164,786 | -54.654% | 219,989 | 74,724 | — | — | — |
| Sixth Street Specialty Lending Inc. | 5 | 1.89% | 129,162 | -49.745% | 134,780 | 64,911 | 265.74% | — | 27.49% |
| MidCap Financial Investment Corp. | 18 | 1.77% | 74,666 | -28.093% | 91,930 | 53,690 | 274728.35% | — | 174489.16% |
| Gladstone Investment Corp. | 9 | 5.56% | 89,981 | -47.237% | 89,981 | 47,477 | 392.56% | 7.00% | 11.67% |
| Prospect Capital | 5 | 0.54% | 206,889 | -80.375% | 444,535 | 40,601 | 63.59% | — | 13.69% |
| WhiteHorse Finance | 12 | 5.12% | 57,006 | -40.085% | 62,310 | 34,155 | 26.59% | 22.05% | 16.43% |
| Cion Investment Corp. | 12 | 1.79% | 61,089 | -47.046% | 81,744 | 32,349 | 119.89% | — | 30.27% |
| Bain Capital Specialty Finance Inc. | 9 | 1.12% | 45,054 | -39.233% | 46,780 | 27,378 | 123.58% | — | 16.73% |
| Stellus Capital Investment Corp. | 12 | 2.58% | 39,805 | -41.169% | 39,921 | 23,417 | 159.99% | 15.25% | 13.04% |
| Barings Private Credit Corp | 14 | 0.77% | 42,311 | -47.576% | 43,129 | 22,181 | 38.29% | — | 10.82% |
| TriplePoint Venture Growth BDC Corp. | 6 | 2.32% | 28,855 | -38.087% | 30,231 | 17,865 | 1532.53% | — | 10.86% |
| Barings BDC | 16 | 0.53% | 43,680 | -70.602% | 73,778 | 12,841 | 40.77% | — | 11.62% |
| Barings Capital Investment Corp | 15 | 0.88% | 24,125 | -49.932% | 24,618 | 12,079 | 42.15% | — | 8.98% |
| TriplePoint Private Venture Credit | 32 | 2.72% | 22,698 | -47.449% | 25,160 | 11,928 | 51.85% | 14.91% | 11.82% |
| Nuveen Churchill BDC INC. | 10 | 0.53% | 29,127 | -61.634% | 29,672 | 11,175 | 114.98% | — | 14.47% |
| Carlyle Secured Lending Inc. | 2 | 0.61% | 20,839 | -49.748% | 22,188 | 10,472 | 45.77% | — | 15.29% |
| SCP Private Credit Income BDC LLC | 1 | 2.82% | 9,491 | 5.342% | — | 9,998 | — | — | — |
| Logan Ridge Finance Corp. | 4 | 4.65% | 17,165 | -52.444% | 17,438 | 8,163 | — | — | — |
| SLR Investment Corp. | 1 | 0.33% | 12,297 | -36.350% | 17,547 | 7,827 | — | — | — |
| Portman Ridge Finance Corp. | 9 | 1.61% | 22,532 | -69.284% | 26,600 | 6,921 | — | — | — |
| Morgan Stanley Direct Lending Fund | 4 | 0.17% | 8,117 | -19.589% | 8,213 | 6,527 | 26.56% | — | 13.26% |
| Blue Owl Capital Corp III | 4 | 0.15% | 12,199 | -47.709% | 14,215 | 6,379 | — | — | — |
| BlackRock Direct Lending Corp. | 4 | 1.69% | 12,088 | -61.985% | 12,545 | 4,595 | 79.68% | — | 14.04% |
| Palmer Square Capital BDC Inc. | 2 | 0.26% | 9,201 | -61.096% | 9,314 | 3,579 | 587.55% | — | 11.38% |
| Blue Owl Credit Income Corp. | 3 | 0.01% | 4,888 | -47.791% | 5,685 | 2,552 | — | — | — |
| Oxford Square Capital Corp. | 3 | 0.16% | 23,667 | -97.941% | 31,606 | 487 | — | — | — |
| BlackRock Private Credit Fund | 1 | 0.01% | 323 | -68.662% | 334 | 101 | 71.66% | — | 12.31% |
| GRAND TOTAL | 262 | 0.78% | 2,015,648 | -59.93% | 2,558,375 | 807,739 | 19662.86% | 18.14% | 12537.87% |
PIK
BDCs are increasingly using payment-in-kind (PIK) as a credit management tool to preserve liquidity. In the filings from last week, PIK accounted for 14.35% of BDCs’ portfolios, amounting to 18.2 billion USD at Cost.
| Name | Number of Investments | % Portfolio | Cost | % Gain/Loss | Principal Value | Fair Value | FV Yield | Filtered Yield | Cost Yield |
| Blue Owl Capital Corp. | 70 | 20.72% | 2,879,027 | -3.235% | 2,585,575 | 2,785,888 | 4.30% | — | 5.68% |
| Blue Owl Credit Income Corp. | 57 | 10.27% | 2,544,502 | 0.202% | 2,206,592 | 2,549,643 | 4.52% | — | 5.84% |
| Prospect Capital | 34 | 33.07% | 2,856,682 | -13.435% | 2,791,336 | 2,472,877 | 11.34% | 10.89% | 11.14% |
| FS KKR Capital Corp. | 58 | 17.41% | 2,709,400 | -10.475% | 2,297,647 | 2,425,600 | 11.32% | 9.09% | 11.33% |
| Blue Owl Capital Corp III | 59 | 16.76% | 723,902 | -1.606% | 603,183 | 712,276 | 4.67% | — | 5.88% |
| Blue Owl Technology Finance Corp. II | 24 | 13.67% | 696,372 | -0.216% | 465,543 | 694,868 | — | — | — |
| Goldman Sachs BDC | 56 | 17.17% | 701,441 | -15.697% | 804,267 | 591,334 | 13.86% | 11.91% | 12.75% |
| Sixth Street Lending Partners | 13 | 7.53% | 441,230 | 1.142% | 442,174 | 446,270 | 13.05% | 13.04% | 13.44% |
| Blue Owl Technology Income Corp. | 23 | 8.94% | 443,227 | 0.434% | 295,619 | 445,150 | 4.27% | — | 5.73% |
| Bain Capital Specialty Finance Inc. | 51 | 16.36% | 413,190 | -3.539% | 365,717 | 398,566 | 30.18% | 13.09% | 14.97% |
| Barings Private Credit Corp | 62 | 13.82% | 419,950 | -5.133% | 269,600 | 398,394 | 13.07% | 10.79% | 9.77% |
| Barings BDC | 79 | 15.89% | 427,646 | -10.180% | 346,085 | 384,111 | 14.69% | 10.91% | 9.66% |
| Morgan Stanley Direct Lending Fund | 46 | 8.68% | 333,223 | -2.797% | 334,462 | 323,904 | 13.26% | 11.85% | 11.82% |
| Sixth Street Specialty Lending Inc. | 24 | 9.16% | 348,478 | -9.506% | 348,770 | 315,351 | 76.79% | 12.75% | 19.14% |
| BlackRock TCP Capital Corp. | 54 | 14.22% | 373,699 | -23.395% | 396,586 | 286,271 | 60.59% | 11.75% | 17.13% |
| MidCap Financial Investment Corp. | 25 | 8.21% | 259,326 | -4.084% | 258,322 | 248,735 | — | — | 128744.03% |
| Carlyle Secured Lending Inc. | 20 | 12.35% | 220,862 | -4.429% | 224,059 | 211,079 | 15.36% | 13.09% | 12.67% |
| Barings Capital Investment Corp | 57 | 13.65% | 200,927 | -7.001% | 121,189 | 186,861 | 15.33% | 9.85% | 9.40% |
| TriplePoint Venture Growth BDC Corp. | 19 | 22.83% | 195,141 | -10.109% | 193,822 | 175,414 | 15.28% | 15.28% | 15.56% |
| T. Rowe Price OHA Private Credit Fund | 18 | 8.60% | 168,721 | -1.280% | 190,970 | 166,562 | 25.38% | 11.90% | 25.06% |
| Nuveen Churchill BDC INC. | 50 | 7.18% | 171,212 | -11.547% | 179,176 | 151,443 | 31.91% | 13.60% | 13.44% |
| WhiteHorse Finance | 40 | 20.19% | 168,764 | -20.228% | 165,618 | 134,627 | 18.93% | 15.40% | 13.83% |
| Portman Ridge Finance Corp. | 24 | 20.16% | 98,184 | -11.923% | 89,389 | 86,478 | 18.84% | 14.01% | 15.73% |
| Stellus Capital Investment Corp. | 24 | 8.26% | 77,822 | -3.498% | 78,155 | 75,100 | 15.83% | 15.81% | 12.78% |
| Diameter Credit Co. | 3 | 7.01% | 55,818 | 0.061% | 25,594 | 55,852 | 13.12% | 13.12% | 13.15% |
| BlackRock Direct Lending Corp. | 44 | 19.31% | 60,845 | -13.621% | 58,818 | 52,557 | 23.32% | 12.64% | 12.56% |
| TriplePoint Private Venture Credit | 36 | 10.04% | 49,208 | -10.636% | 49,080 | 43,974 | 15.73% | 13.99% | 13.51% |
| Rand Capital Corp. | 15 | 52.31% | 39,249 | 0.000% | 35,104 | 39,249 | 10.01% | 12.42% | 10.93% |
| OHA Senior Private Lending Fund LLC | 10 | 7.68% | 32,460 | 1.402% | 35,556 | 32,915 | 12.73% | 11.08% | 13.15% |
| BlackRock Private Credit Fund | 14 | 3.19% | 26,121 | -2.090% | 26,695 | 25,575 | 12.25% | 12.25% | 13.07% |
| SLR Investment Corp. | 4 | 0.97% | 28,273 | -17.607% | 33,714 | 23,295 | 14.87% | 13.67% | 13.35% |
| Silver Spike Investment Corp. | 2 | 24.59% | 20,919 | 0.985% | 21,418 | 21,125 | 16.37% | 16.37% | 16.70% |
| Logan Ridge Finance Corp. | 7 | 9.11% | 17,025 | -6.038% | 15,051 | 15,997 | 15.30% | 15.30% | 13.75% |
| Oxford Square Capital Corp. | 5 | 1.60% | 17,162 | -71.411% | 35,629 | 4,906 | 296.44% | — | 67.42% |
| SLR HC BDC LLC | 1 | 3.53% | 2,433 | 5.343% | — | 2,563 | — | — | — |
| Lafayette Square USA Inc. | 1 | 0.36% | 1,703 | -2.525% | 1,703 | 1,660 | 15.28% | 15.28% | 15.28% |
| GRAND TOTAL | 1,129 | 14.21% | 18,224,143 | -6.79% | 16,392,219 | 16,986,470 | 19.43% | 11.51% | 30.16% |
Portfolio Composition By Industry
The chart below is a bird’s-eye view of the BDCs aggregate Industry Diversification.
Portfolio Composition By Asset Class
The chart below is an overview of the BDCs aggregate Diversification by Asset Class.
BDC Investments Maturing in the next 12 Months
The table below summarizes aggregate investments of last week’s BDCs that are maturing in the next 12 months, which combined are worth more than 6.1 Billion USD at cost.
| BDC | Cost (1000) | FV (1000) |
| FS KKR Capital Corp. II | 1,045,500 | 1,058,400 |
| Prospect Capital | 695,369 | 679,992 |
| SLR Investment Corp. | 579,707 | 575,583 |
| Goldman Sachs BDC | 501,332 | 417,932 |
| Blue Owl Technology Finance Corp. | 337,849 | 339,297 |
| Blue Owl Capital Corp. | 357,175 | 339,164 |
| FS KKR Capital Corp. | 331,600 | 275,000 |
| MidCap Financial Investment Corp. | 282,784 | 272,351 |
| Blue Owl Credit Income Corp. | 265,683 | 268,582 |
| Cion Investment Corp. | 235,634 | 222,323 |
| Sixth Street Specialty Lending, Inc. | 219,877 | 191,104 |
| BlackRock TCP Capital Corp. | 180,375 | 140,686 |
| TriplePoint Venture Growth BDC Corp. | 150,350 | 139,348 |
| Stellus Capital Investment Corp. | 108,963 | 107,536 |
| Gladstone Investment Corp. | 129,001 | 107,205 |
| Bain Capital Specialty Finance Inc. | 104,707 | 94,651 |
| TriplePoint Private Venture Credit | 91,732 | 89,348 |
| Barings Private Credit Corp | 89,243 | 87,462 |
| Barings BDC | 103,688 | 83,425 |
| WhiteHorse Finance | 41,160 | 40,115 |
| Oxford Square Capital Corp. | 42,518 | 35,432 |
| Portman Ridge Finance Corp. | 37,565 | 33,996 |
| Nuveen Churchill Private Credit Fund | 32,795 | 32,780 |
| Palmer Square Capital BDC Inc. | 32,585 | 30,300 |
| Blue Owl Capital Corp III | 12,875 | 13,072 |
| Barings Capital Investment Corp | 13,374 | 12,782 |
| SCP Private Credit Income BDC LLC | 12,068 | 11,734 |
| BlackRock Private Credit Fund | 11,651 | 10,917 |
| Carlyle Secured Lending Inc. | 10,991 | 10,496 |
| BlackRock Direct Lending Corp. | 10,266 | 9,366 |
| Logan Ridge Finance Corp. | 9,965 | 7,849 |
| Rand Capital Corp. | 7,828 | 7,828 |
| Brightwood Capital Corp I | 7,409 | 6,549 |
| BC Partners Lending Corp. | 6,109 | 5,697 |
| SLR HC BDC LLC | 3,656 | 3,678 |
| Grand Total | 6,103,384 | 5,761,980 |
Top 10 BDC Investments
BDCs’ portfolio quality can be measured by taking a deeper dive into the BDC’s top 10 investments. While these investments are small in number, they are the primary determinant of a BDC’s portfolio performance. Top 10 Investments of BDCs that filed last week amount to 32.3 Billion USD (Cost) accounting for 25.4% of their aggregate holdings (Cost).
| BDC | Cost (1000) | FV (1000) |
| FS KKR Capital Corp. | 4,129,300 | 3,813,300 |
| Prospect Capital | 3,395,822 | 3,709,533 |
| Blue Owl Credit Income Corp. | 3,505,699 | 3,512,908 |
| Blue Owl Capital Corp. | 2,956,272 | 3,042,569 |
| Sixth Street Lending Partners | 1,945,252 | 1,981,765 |
| Blue Owl Technology Finance Corp. | 1,650,844 | 1,643,571 |
| Blue Owl Technology Finance Corp. II | 1,266,528 | 1,275,598 |
| SLR Investment Corp. | 1,017,503 | 1,010,648 |
| Blue Owl Capital Corp III | 787,946 | 797,476 |
| Bain Capital Specialty Finance Inc. | 799,465 | 792,354 |
| Sixth Street Specialty Lending, Inc. | 728,127 | 721,409 |
| Goldman Sachs BDC | 767,011 | 708,011 |
| Morgan Stanley Direct Lending Fund | 603,776 | 603,900 |
| Carlyle Secured Lending Inc. | 621,528 | 589,685 |
| Barings BDC | 522,557 | 579,226 |
| Barings Private Credit Corp | 544,465 | 577,274 |
| MidCap Financial Investment Corp. | 661,641 | 572,099 |
| Gladstone Investment Corp. | 560,394 | 542,317 |
| BlackRock TCP Capital Corp. | 538,979 | 523,362 |
| T. Rowe Price OHA Private Credit Fund | 510,915 | 514,490 |
| Diameter Credit Co. | 445,884 | 448,350 |
| Cion Investment Corp. | 454,025 | 436,940 |
| Franklin BSP Real Estate Credit BDC | 383,485 | 387,052 |
| TriplePoint Venture Growth BDC Corp. | 354,538 | 313,892 |
| Nuveen Churchill BDC INC. | 286,224 | 287,439 |
| Barings Capital Investment Corp | 274,697 | 286,495 |
| Lafayette Square USA, Inc. | 277,436 | 276,136 |
| Brightwood Capital Corp I | 249,230 | 250,104 |
| WhiteHorse Finance | 275,734 | 248,327 |
| BlackRock Private Credit Fund | 181,241 | 182,837 |
| Stellus Capital Investment Corp. | 175,348 | 162,351 |
| SCP Private Credit Income BDC LLC | 166,244 | 160,037 |
| Portman Ridge Finance Corp. | 186,446 | 154,650 |
| Palmer Square Capital BDC Inc. | 140,585 | 139,747 |
| Nuveen Churchill Private Credit Fund | 131,773 | 131,709 |
| OHA Senior Private Lending Fund LLC | 127,756 | 129,509 |
| TriplePoint Private Venture Credit | 120,646 | 117,929 |
| Oxford Square Capital Corp. | 207,758 | 91,924 |
| Logan Ridge Finance Corp. | 87,488 | 68,747 |
| Silver Spike Investment Corp. | 54,953 | 55,789 |
| Rand Capital Corp. | 50,489 | 48,035 |
| BlackRock Direct Lending Corp. | 48,396 | 46,616 |
| BC Partners Lending Corp. | 46,045 | 45,677 |
| SLR HC BDC LLC | 39,215 | 39,653 |
| Grand Total | 32,279,661 | 32,021,439 |
Source: SOLVE; Copyright (c) 2024.Redistribution Strictly Prohibited. Data can not be used in any way to populate a database nor shared with unauthorized users. See ADI Terms. All rights reserved.
+1 (646) 699-5041.
BDC Filing Season Recaps are written by Sourav Srimal, Andrew Robartes, and Nayan Raj. For more information about our BDC data or our other products please contact marketpluse@solvefixedincome.com.
Sourav Srimal
Senior Vice President
ssrimal@solvefixedincome.com
Andrew Robartes
Data Analyst
arobartes@solvefixedincome.com
Nayan Raj
Data Analyst
nraj@solvefixedincome.com
Stay up-to-date with weekly summaries.
