Private Credit · 49 Issuers
Private Credit Directory
49 Business Development Companies (BDCs) with loan-level holdings, SEC filings, and credit analysis. New to BDCs?
49
BDCs Tracked
49
With Holdings Data
$173.0B
Combined Portfolio Fair Value (tracked)
ARCCAres Capital Corporation
$29.3B portfolio
1,439 holdings
60% first lien
S+570 bps avg
AGTCAres Strategic Income Fund
$21.8B portfolio
1,280 holdings
non-traded
77% first lien
S+484 bps avg
OBDCBlue Owl Capital Corp
$15.0B portfolio
578 holdings
75% first lien
S+521 bps avg
BXSLBlackstone Secured Lending Fund
$13.4B portfolio
699 holdings
97% first lien
S+528 bps avg
FSKFS KKR Capital Corp
$11.4B portfolio
616 holdings
62% first lien
S+588 bps avg
GBDCGolub Capital BDC Inc
$8.2B portfolio
1,798 holdings
93% first lien
S+526 bps avg
PSECProspect Capital Corporation
$6.3B portfolio
216 holdings
68% first lien
S+600 bps avg
MAINMain Street Capital Corporation
$5.7B portfolio
619 holdings
66% first lien
S+654 bps avg
HTGCHercules Capital Inc
$4.6B portfolio
362 holdings
93% first lien
S+297 bps avg
MSDLMorgan Stanley Direct Lending Fund
$3.6B portfolio
631 holdings
93% first lien
S+311 bps avg
TSLXSixth Street Specialty Lending
$3.3B portfolio
196 holdings
88% first lien
S+644 bps avg
GSBDGoldman Sachs BDC Inc
$3.2B portfolio
551 holdings
97% first lien
S+552 bps avg
MFICMidCap Financial Investment Corp
$2.8B portfolio
586 holdings
94% first lien
S+532 bps avg
OCSLOaktree Specialty Lending
$2.7B portfolio
366 holdings
80% first lien
S+550 bps avg
TRINTrinity Capital Inc
$2.7B portfolio
517 holdings
75% first lien
S+518 bps avg
PFLTPennantPark Floating Rate Capital
$2.5B portfolio
535 holdings
S+581 bps avg
BBDCBarings BDC Inc
$2.5B portfolio
700 holdings
76% first lien
S+552 bps avg
CGBDCarlyle Secured Lending
$2.4B portfolio
263 holdings
82% first lien
S+634 bps avg
BCSFBain Capital Specialty Finance
$2.3B portfolio
555 holdings
64% first lien
S+589 bps avg
NMFCNew Mountain Finance Corporation
$2.3B portfolio
364 holdings
63% first lien
S+514 bps avg
KBDCKayne Anderson BDC
$2.3B portfolio
335 holdings
98% first lien
S+594 bps avg
CSWCCapital Southwest Corporation
$2.2B portfolio
455 holdings
87% first lien
S+694 bps avg
SLRCSLR Investment Corp
$2.1B portfolio
85 holdings
59% first lien
S+546 bps avg
NCDLNuveen Churchill Direct Lending Corp
$1.9B portfolio
569 holdings
90% first lien
S+497 bps avg
CIONCION Investment Corp
$1.8B portfolio
233 holdings
63% first lien
S+710 bps avg
CCAPCrescent Capital BDC Inc
$1.6B portfolio
627 holdings
91% first lien
S+544 bps avg
FDUSFidus Investment Corporation
$1.4B portfolio
213 holdings
79% first lien
S+600 bps avg
TCPCBlackRock TCP Capital Corp
$1.3B portfolio
329 holdings
89% first lien
S+607 bps avg
GAINGladstone Investment Corporation
$1.3B portfolio
66 holdings
S+876 bps avg
PNNTPennantPark Investment Corporation
$1.2B portfolio
479 holdings
36% first lien
S+650 bps avg
RWAYRunway Growth Finance Corp
$1.2B portfolio
151 holdings
89% first lien
S+667 bps avg
SARSaratoga Investment Corp
$1.1B portfolio
136 holdings
72% first lien
S+649 bps avg
PSBDPalmer Square Capital BDC
$1.1B portfolio
282 holdings
87% first lien
S+443 bps avg
SCMStellus Capital Investment Corp
$973M portfolio
384 holdings
88% first lien
S+583 bps avg
GLADGladstone Capital Corporation
$953M portfolio
139 holdings
S+761 bps avg
TPVGTriplePoint Venture Growth BDC
$707M portfolio
292 holdings
S+428 bps avg
HRZNHorizon Technology Finance Corp
$677M portfolio
295 holdings
WHFWhiteHorse Finance Inc
$569M portfolio
144 holdings
69% first lien
S+619 bps avg
BCICBCP Investment Corporation
$453M portfolio
181 holdings
63% first lien
S+670 bps avg
SSSSSuRo Capital Corp
$406M portfolio
47 holdings
MRCCMonroe Capital BDC
$335M portfolio
276 holdings
81% first lien
S+675 bps avg
LIENChicago Atlantic BDC
$335M portfolio
51 holdings
99% first lien
S+833 bps avg
OFSOFS Capital Corporation
$298M portfolio
94 holdings
S+638 bps avg
GECCGreat Elm Capital Corp
$272M portfolio
89 holdings
52% first lien
S+689 bps avg
GSECGoldman Sachs Private Middle Market Credit
$261M portfolio
37 holdings
non-traded
82% first lien
S+556 bps avg
ICMBInvestcorp Credit Management BDC
$136M portfolio
48 holdings
82% first lien
S+471 bps avg
RANDRand Capital Corporation
$57M portfolio
48 holdings
PHENPhenixFin Corporation
$49M portfolio
12 holdings
OXSQOxford Square Capital Corp
$15M portfolio
88 holdings
43% first lien
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Compare BDCs
Latest-filing portfolio metrics, apples-to-apples across the tracked universe. Spread is the FV-weighted floating-rate spread over base, in basis points; fair values are each manager’s own SEC-filed estimates. P/NAV, dividend yield and gross debt-to-equity come from each BDC’s latest annual balance sheet and most recent share price — a dash means that input isn’t on file yet. Click a column to sort.
| BDC | Portfolio FV | Holdings | Borrowers | First Lien | Wtd-Avg cash spread (bps) | Non-Accrual | P/NAV | Div Yield | Gross D/E | Filing |
|---|---|---|---|---|---|---|---|---|---|---|
| ARCC Ares Capital Corporation | $29.3B | 1,439 | 605 | 60% | +570 | — | 1.02x | 9.1% | 1.12x | 2026-07-29 |
| AGTC | $21.8B | 1,280 | 872 | 77% | +484 | — | — | — | — | 2026-08-07 |
| OBDC Blue Owl Capital Corporation | $15.0B | 578 | 284 | 75% | +521 | — | — | — | — | 2026-08-05 |
| BXSL Blackstone Secured Lending Fund | $13.4B | 699 | 387 | 97% | +528 | — | 0.97x | 11.9% | 1.29x | 2026-08-06 |
| FSK FS KKR Capital Corp. | $12.5B | 616 | 301 | 62% | +588 | — | 0.66x | 23.2% | 1.31x | 2026-08-06 |
| GBDC Golub Capital BDC, Inc. | $8.2B | 1,798 | 428 | 93% | +526 | — | 0.92x | 10.6% | 1.23x | 2026-08-03 |
| PSEC Prospect Capital Corporation | $6.3B | 216 | 95 | 68% | +600 | — | — | — | — | 2026-08-20 |
| MAIN Main Street Capital Corporation | $5.7B | 619 | 208 | 66% | +654 | — | 1.72x | 7.2% | 0.82x | 2026-08-07 |
| HTGC Hercules Capital, Inc. | $4.6B | 362 | 232 | 93% | +297 | — | 1.54x | 9.8% | 1.03x | 2026-07-30 |
| MSDL Morgan Stanley Direct Lending Fund | $3.6B | 631 | 251 | 93% | +311 | — | — | — | — | 2026-08-06 |
| HRZN Horizon Technology Finance Corporation | $3.5B | 295 | 217 | — | — | — | 0.74x | — | 1.49x | 2026-08-04 |
| TSLX Sixth Street Specialty Lending, Inc. | $3.3B | 196 | 143 | 88% | +644 | — | — | — | — | 2026-08-04 |
| GSBD Goldman Sachs BDC, Inc. | $3.2B | 551 | 197 | 97% | +552 | — | 0.84x | — | 1.32x | 2026-08-06 |
| MFIC MidCap Financial Investment Corporation | $2.8B | 586 | 262 | 94% | +532 | — | — | — | — | 2026-08-06 |
| OCSL Oaktree Specialty Lending Corporation | $2.7B | 366 | 178 | 80% | +550 | — | — | — | — | 2026-08-05 |
| TRIN Trinity Capital Inc. | $2.7B | 517 | 395 | 75% | +518 | — | — | — | — | 2026-08-05 |
| PFLT PennantPark Floating Rate Capital Ltd. | $2.5B | 535 | 292 | — | +581 | — | — | — | — | 2026-08-10 |
| BBDC Barings BDC, Inc. | $2.5B | 700 | 483 | 76% | +552 | — | 0.86x | 12.6% | 1.04x | 2026-08-05 |
| CGBD Carlyle Secured Lending, Inc. | $2.4B | 263 | 200 | 82% | +634 | — | 0.73x | 13.2% | 1.31x | 2026-08-06 |
| BCSF Bain Capital Specialty Finance, Inc. | $2.3B | 555 | 237 | 64% | +589 | — | 0.73x | 18.6% | 1.32x | 2026-08-10 |
| NMFC New Mountain Finance Corporation | $2.3B | 364 | 140 | 63% | +514 | — | — | — | — | 2026-08-03 |
| KBDC Kayne Anderson BDC, Inc. | $2.3B | 335 | 120 | 98% | +594 | — | 0.85x | 13.0% | — | 2026-08-10 |
| CSWC Capital Southwest Corporation | $2.2B | 455 | 237 | 87% | +694 | — | 1.68x | 8.9% | 1.12x | 2026-08-03 |
| SLRC SLR Investment Corp. | $2.1B | 85 | 82 | 59% | +546 | — | — | — | — | 2026-08-04 |
| NCDL Nuveen Churchill Direct Lending Corp. | $1.9B | 569 | 313 | 90% | +497 | — | — | — | — | 2026-08-06 |
| CION CION Investment Corporation | $1.8B | 233 | 179 | 63% | +710 | — | 0.56x | 19.8% | 1.59x | 2026-08-06 |
| CCAP Crescent Capital BDC, Inc. | $1.6B | 627 | 223 | 91% | +544 | — | 0.60x | 17.1% | 1.24x | 2026-08-10 |
| FDUS Fidus Investment Corporation | $1.4B | 213 | 102 | 79% | +600 | — | 1.02x | — | 0.89x | 2026-08-06 |
| TCPC BlackRock TCP Capital Corp. | $1.3B | 329 | 149 | 89% | +607 | — | — | — | — | 2026-08-06 |
| GAIN Gladstone Investment Corporation | $1.3B | 66 | 64 | — | +876 | — | 1.02x | 9.0% | 0.84x | 2026-08-06 |
| PNNT PennantPark Investment Corporation | $1.2B | 479 | 289 | 36% | +650 | — | — | — | — | 2026-08-10 |
| RWAY Runway Growth Finance Corp. | $1.2B | 151 | 132 | 89% | +667 | — | — | — | — | 2026-08-06 |
| SAR Saratoga Investment Corp. | $1.1B | 136 | 91 | 72% | +649 | — | — | — | — | 2026-07-07 |
| PSBD Palmer Square Capital BDC Inc. | $1.1B | 282 | 221 | 87% | +443 | — | — | — | — | 2026-08-05 |
| SCM Stellus Capital Investment Corporation | $973M | 384 | 252 | 88% | +583 | — | — | — | — | 2026-08-10 |
| GLAD Gladstone Capital Corporation | $953M | 139 | 129 | — | +761 | — | 1.16x | 12.3% | — | 2026-08-04 |
| OXSQ Oxford Square Capital Corp. | $708M | 88 | 54 | 43% | — | — | — | — | — | 2026-08-10 |
| TPVG TriplePoint Venture Growth BDC Corp. | $707M | 292 | 222 | — | +428 | — | — | — | — | 2026-08-05 |
| WHF WhiteHorse Finance, Inc. | $569M | 144 | 82 | 69% | +619 | — | — | — | — | 2026-08-10 |
| BCIC BCP Investment Corporation | $453M | 181 | 175 | 63% | +670 | — | 0.53x | — | 1.47x | 2026-08-06 |
| SSSS SuRo Capital Corp. | $406M | 47 | 30 | — | — | — | — | — | — | 2026-08-06 |
| MRCC Monroe Capital Corporation | $335M | 276 | 216 | 81% | +675 | — | — | — | — | 2026-03-05 |
| LIEN Chicago Atlantic BDC, Inc. | $335M | 51 | 48 | 99% | +833 | — | 0.77x | 10.0% | — | 2026-08-13 |
| OFS OFS Capital Corporation | $298M | 94 | 78 | — | +638 | — | — | — | — | 2026-07-31 |
| GECC Great Elm Capital Corp. | $272M | 89 | 63 | 52% | +689 | — | 0.75x | — | — | 2026-08-05 |
| GSEC | $261M | 37 | 21 | 82% | +556 | — | — | — | — | 2026-08-11 |
| ICMB Investcorp Credit Management BDC, Inc. | $136M | 48 | 38 | 82% | +471 | — | 0.24x | — | 3.08x | 2026-08-14 |
| RAND Rand Capital Corporation | $57M | 48 | 25 | — | — | — | — | — | — | 2026-08-05 |
| PHEN | $49M | 12 | 8 | — | — | — | — | — | — | 2026-08-05 |
Where lenders disagree
The same borrower, at the same seniority, marked at materially different prices by two or more BDCs at their most recent filings. A wide gap — especially alongside a non-accrual flag — is where one lender is recognizing stress the others have not. Marks are each manager’s own SEC-filed fair-value estimate as a percent of par (100 = par); each shows its filing date, so a gap between different quarters can reflect timing as much as a genuine credit view. The match is at the borrower + seniority level, not the individual loan — two lenders may hold different tranches, so open the borrower page to confirm the facilities before reading a gap as disagreement.
| Borrower | Seniority | Lowest mark | Highest mark | Gap |
|---|---|---|---|---|
| U.S. Telepacific Corp. below 80 | First Lien | CSWC 402026-08-03 | MAIN 952026-08-07 | 55 pts |
| Help/Systems Holdings, Inc. below 80 | Second Lien / Mezz | PSBD 482026-08-05 | MSDL 862026-08-06 | 38 pts |
| Ra Outdoors, Llc below 80 | First Lien | BBDC 502026-08-05 | MAIN 832026-08-07 | 34 pts |
| Vermont Aus Pty Ltd below 80 | First Lien | OBDC 692026-08-05 | GBDC 1002026-08-03 | 31 pts |
| Bpg Holdings Iv Corp below 80 | First Lien | MSDL 552026-08-06 | BBDC 782026-08-05 | 23 pts |
| Spectrio, Llc below 80 | First Lien | NCDL 552026-08-06 | MSDL 712026-08-06 | 16 pts |
| Premier Imaging, Llc Health Care Equipment & Supplies below 80 | First Lien | MFIC 742026-08-06 | BCIC 892026-08-06 | 15 pts |
| Isagenix International, Llc below 80 | First Lien | CCAP 322026-08-10 | CION 462026-08-06 | 14 pts |
Understand what you are looking at
These pages show what BDCs actually hold, straight from their SEC filings. If the terms are new, the free BDC course explains them in plain English -- what a business development company is, how to read a schedule of investments, and why a fund can trade above or below the value of what it owns.