Investcorp Credit Management BDC
Private credit portfolio and Schedule of Investments data from SEC EDGAR filings.
Filing Information
Portfolio Composition
Portfolio-wide breakdown by fair value across this BDC’s full Schedule of Investments. Source: SEC EDGAR (public).
Top Portfolio Holdings
| Company | Sector | Investment | Coupon | Maturity | Cost | Fair Value |
|---|---|---|---|---|---|---|
| Investment in non-controlled, Affiliated Investment | — | $11,411,667 | ||||
| Investments, Professional Services, Klein Hersh, LLC Term Loan - Last Out | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#ThreeMonthSofrMember + 0.68% | 2028-04-27 | $8,208,723 | $9,296,568 | |
| Investments, Trading Companies & Distributors, Xenon Arc, Inc. - Term Loan | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#ThreeMonthSofrMember + 5.75% | 2028-12-20 | $8,647,500 | $8,517,788 | |
| Investments, Professional Services, Work Genius Holdings, Inc. Term Loan | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#ThreeMonthSofrMember + 7.00% | 2027-06-07 | $9,598,556 | $8,380,237 | |
| and Other Investments, Commercial Services & Supplies, ArborWorks, LLC A-1 - Preferred Units, Initial Acquisition Date 11/24/2021 | Warrants | $4,362,023 | $7,983,422 | |||
| Investments, IT Services, Argano, LLC Term Loan | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#OneMonthSofrMember + 5.50% | 2029-09-13 | $7,178,229 | $7,251,330 | |
| Investments, Diversified Consumer Services, LaserAway Intermediate Holdings II, LLC Term Loan | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#ThreeMonthSofrMember + 5.75% | 2027-10-14 | $7,032,848 | $7,012,581 | |
| Investments, Insurance, Integrity Marketing Acquisition, LLC Term Loan | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#ThreeMonthSofrMember + 5.00% | 2028-08-25 | $6,914,006 | $6,930,519 | |
| Investments, Specialty Retail, American Auto Auction Group, LLC Term Loan | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#ThreeMonthSofrMember + 4.50% | 2032-05-28 | $6,882,482 | $6,886,688 | |
| Investments, Food Products, Max US Bidco Inc. Term Loan B | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#ThreeMonthSofrMember + 5.00% | 2030-10-02 | $7,670,730 | $6,502,338 | |
| Investments, Containers & Packaging, Bioplan USA, Inc. - Take Back Term Loan | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#ThreeMonthSofrMember + 7.75% | 2028-03-08 | $5,855,708 | $5,970,497 | |
| Investments, Commercial Services & Supplies, Northstar Group Services, Inc. Term Loan | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#ThreeMonthSofrMember + 4.75% | 2030-05-31 | $5,383,364 | $5,437,523 | |
| Investments, Household Durables, Easy Way Leisure Corporation Term Loan | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#ThreeMonthSofrMember + 2.50% (PIK 5.00%) | 2026-10-15 | $7,444,690 | $5,403,688 | |
| Investments, Interactive Media & Services, Uniguest Holdings Term Loan | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#OneMonthSofrMember + 5.00% | 2030-11-27 | $5,407,738 | $5,390,104 | |
| and Other Investments, Containers & Packaging, Bioplan USA, Inc. - Common Stock, Initial Acquisition Date 3/8/2023 | Warrants | $1,708,942 | $4,934,414 | |||
| Investments, Diversified Consumer Services, Axiom Global Inc. Term Loan | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#ThreeMonthSofrMember + 4.50% | 2028-10-02 | $4,826,741 | $4,788,669 | |
| Investments, Specialty Retail, ALCV Purchaser, Inc. Term Loan | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#OneMonthSofrMember + 6.75% | 2026-04-15 | $4,649,256 | $4,650,000 | |
| Investment in non-controlled, Affiliated Investments, Crafty Apes, LLC, Common Stock | Equity | — | $4,581,862 | |||
| and Other Investments, Entertainment, Crafty Apes LLC - Common Stock, Initial Acquisition Date 11/20/2024 | Warrants | $4,968,408 | $4,581,862 | |||
| Investments, IT Services, Accelevation, LLC Term Loan | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#OneMonthSofrMember + 4.50% | 2031-01-02 | $4,116,609 | $4,172,262 | |
| Investments, Construction & Engineering, Congruex Group LLC Term Loan B | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#ThreeMonthSofrMember + 1.50% (PIK 5.00%) | 2029-05-03 | $4,280,236 | $3,957,780 | |
| Investments, Insurance, Likewize Corporation Term Loan | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#ThreeMonthSofrMember + 5.75% | 2029-08-27 | $3,405,607 | $3,370,125 | |
| Investments, Professional Services, Crisis Prevention Institute, Inc. Term Loan | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#ThreeMonthSofrMember + 4.00% | 2031-04-09 | $2,950,923 | $2,940,281 | |
| Interest, Initial Acquisition Date 3/3/2025 | Equity | $2,744,209 | $2,861,628 | |||
| Investments, Commercial Services & Supplies, Arborworks Acquisition LLC - Reinstated Take Back Term Loan | First Lien Debt Senior Secured | http://www.icmbdc.com/20260331#OneMonthSofrMember (PIK 6.50%) | 2028-11-06 | $2,439,470 | $2,439,470 |
Loan-Pricing Trend
Fair-value-weighted average credit spread and average mark across this BDC’s Schedule-of-Investments debt holdings, by filing quarter. Spread and mark are shown in the units reported in the filing. Source: SEC EDGAR (public).
| Quarter | Priced Loans | Wtd-Avg Spread | Avg Mark | Debt Fair Value |
|---|---|---|---|---|
| 2022-12-31 | 20 | 6.87 | — | $127K |
| 2023-03-31 | 20 | 6.63 | — | $112K |
| 2023-06-30 | 40 | 6.45 | 89.2 | $433M |
| 2023-09-30 | 41 | 6.35 | 88.6 | $633M |
| 2023-12-31 | 39 | 6.38 | 88.5 | $399M |
| 2024-03-31 | 32 | 6.49 | 92.3 | $168M |
| 2024-06-30 | 32 | 5.99 | 91.5 | $161M |
| 2024-09-30 | 33 | 5.65 | 92.8 | $317M |
| 2025-03-31 | 32 | 5.27 | 95.6 | $302M |
| 2025-06-30 | 33 | 5.06 | 95.8 | $162M |
| 2025-09-30 | 31 | 5.06 | 94.0 | $155M |
| 2025-12-31 | 27 | 5.04 | 95.5 | $151M |
| 2026-03-31 | 25 | 4.79 | 94.3 | $141M |
Marks reflect each BDC’s own fair-value estimates as reported to the SEC, not traded prices. Private-credit loans are predominantly Level 3 under ASC 820 — valued from unobservable inputs and determined in good faith by each BDC’s board, so figures are estimates as of the filing date and are not directly comparable across managers. Informational only; not investment advice or a valuation.
About Investcorp Credit Management BDC
Investcorp Credit Management BDC (ICMB) is a publicly traded Business Development Company (BDC) — essentially a publicly listed fund that lends money to mid-sized private companies. In plain English: BDCs raise money from public investors and lend it to businesses that are too small for Wall Street banks. By law, they must pay out at least 90% of their profits as dividends, which is why BDC yields are often 8–12%. Investcorp Credit Management BDC discloses its full loan portfolio through SEC filings.
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