SLR Investment Corp
Inside SLR Investment Corp’s $2.1B private-credit portfolio — 85 holdings disclosed in SEC filings. The portfolio is 59% first-lien by fair value, concentrated in Financial Services (33%).
Aug 4 · SEC EDGAR
Credit Snapshot
How SLRC’s own Schedule of Investments reads as a credit. Fair values are the manager’s own estimates; balance-sheet metrics (NAV, leverage) appear once annual financials are on file.
| Metric | Value | What healthy looks like |
|---|---|---|
| Top-5 Borrower Concentration | 40% of portfolio FV largest: SLR Credit Solutions (13.4% of FV) | Measured against NAV, not just portfolio value: leverage means one borrower’s writedown hits book value harder than its portfolio share suggests. Diversified BDCs typically keep any single name to a low single-digit share of the portfolio. |
| Debt Marked Below 90 | 3.4% (3.1% below 80) of marked debt FV (100% coverage) | Loans marked below 90 cents on the dollar are the book’s watchlist; a growing tail often precedes non-accrual. |
| Floating-Rate Mix | 100% floating, mostly SOFR of rate-classified debt (98% coverage) | Floating-rate loans reprice with their benchmark (mostly SOFR), so a high floating share means portfolio income rises when the Fed hikes and falls when it cuts — the book’s rate sensitivity in one number. |
| Non-Accruals | — not yet parsed | 1–3% of debt fair value is normal; 5%+ is a warning sign. We don’t parse this yet — check the latest 10-Q. |
Portfolio Composition
Portfolio-wide breakdown by fair value across this BDC’s full Schedule of Investments. Source: SEC EDGAR (public). As of the 2026-08-04 filing.
Maturity Wall
Debt fair value by each loan’s stated maturity year (100% of debt FV carries a parsed maturity). The refinancing question: 37% of the maturity-dated book comes due by end-2027 — debt that must be repaid, refinanced, or extended. As of the 2026-08-04 filing.
| Maturing | Debt FV | % of dated debt |
|---|---|---|
| 2026 or earlier | $32M | 2.6% |
| 2027 | $422M | 34.1% |
| 2028 | $224M | 18.1% |
| 2029 | $247M | 20.0% |
| 2030 | $241M | 19.5% |
| 2031+ | $71M | 5.7% |
Vintage & Deployment
Portfolio fair value by origination-year cohort (59% of book FV carries a parsed origination date). Deployment pace: 35% of the dated book was originated in 2025–2026 — vintage concentration in either direction is a diligence flag, not a verdict. As of the 2026-08-04 filing.
| Originated | FV | % of dated book |
|---|---|---|
| 2022 or earlier | $536M | 43.3% |
| 2023 | $161M | 13.0% |
| 2024 | $103M | 8.3% |
| 2025 | $374M | 30.2% |
| 2026 | $65M | 5.2% |
Manager Track Record
Through-the-cycle indicators computed from filed schedule-of-investments data: the non-accrual level and its four-quarter direction, the fleet standing among BDCs whose latest filing clears the 90% determinate-coverage gate, and the average debt mark against a year earlier. A track record, not a verdict — each row is coverage-gated and omitted when the data doesn’t support it. As of the 2026-08-04 filing.
| Avg debt mark vs 4q ago | 98.6 vs 99.2 (-0.6 pts) |
Marks by vintage & sector
Fair value–weighted average mark (% of par) for debt holdings, grouped by origination-year cohort and sector — a cohort or industry drifting below its neighbors is deteriorating fleet-wide. (100% of the marked debt book carries a parsed origination date; cell counts in parentheses. Marks below 90 in bold.)
| Sector | 2022 or earlier | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Care Providers & Services | 98.4 (5) | 100.0 (6) | — | 100.0 (2) | 99.1 (2) |
| Financial Services | — | — | 100.0 (1) | 100.0 (4) | 99.0 (1) |
| Multi-Sector Holdings | 100.0 (1) | — | — | — | — |
| Capital Markets | 103.0 (1) | — | 100.0 (1) | 100.0 (1) | — |
| Diversified Consumer Services | 100.0 (1) | — | 100.0 (2) | — | — |
| Other | 93.6 (10) | 100.0 (6) | 100.0 (3) | 99.7 (14) | — |
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.
Quarter-over-quarter changes
Borrowers added to and dropped from the book between the 2026-05-05 and 2026-08-04 filings, and the largest weighted-mark moves on borrowers held across both. Aggregated to the borrower so a company’s exposure is counted once even when its loan tranches are re-cut quarter to quarter; entries and exits under $0.5M are omitted as parse noise.
New this quarter 2
- Modivcare Buyer, Llc$25M
- Plastics Management, Llc$24M
Exited 14
- Plastic Management, Llc$24M
- Fe Advance, Llc & Sonic Aca Advance Llc$21M
- Human Interest Inc.$20M
- Spr Therapeutics, Inc$11M
- Fgi Worldwide Llc$8M
- Smiley Lifting Solutions, Llc$4M
Biggest mark moves
- Omniguide Holdings, Inc. Warrants↓ 87→61
- Rqm+ Corp.↓ 80→70
- Icims, Inc.↓ 100→92
- All States Ag Parts, Llc↓ 100→95
- Logix Holding Company, Llc↓ 100→95
- Enhanced Permanent Capital, Llc↑ 98→103
Top Portfolio Holdings
| # | Company | Type | Sector | Coupon | Maturity | Fair Value | % of FV |
|---|---|---|---|---|---|---|---|
| 1 | SLR Credit Solutions | Equity | Financial Services | — | — | $281M | 13.4% |
| 2 | KBH Topco LLC (Kingsbridge) | Equity | Multi-Sector Holdings | — | — | $186M | 8.9% |
| 3 | Kingsbridge Holdings, LLC | 1L Sr Secured | Multi-Sector Holdings | SOFR + 7.00% | Dec 2027 | $142M | 6.8% |
| 4 | SLR Business Credit | Equity | Financial Services | — | — | $137M | 6.5% |
| 5 | Multi-Sector Holdings | Equity | — | — | $98M | 4.7% | |
| 6 | Ardelyx, Inc. | 1L Sr Secured | Pharmaceuticals | SOFR + 4.55% | Jul 2030 | $71M | 3.4% |
| 7 | Enhanced Permanent Capital, LLC | 1L Sr Secured | Capital Markets | SOFR + 6.25% | Jun 2029 | $57M | 2.7% |
| 8 | SLR Senior Lending Program LLC | Equity | — | — | $47M | 2.2% | |
| 9 | Western Veterinary Partners LLC | 1L Sr Secured | Diversified Consumer Services | SOFR + 5.25% | Oct 2027 | $45M | 2.2% |
| 10 | Insight Capital Solutions, LLC | 1L Sr Secured | Financial Services | SOFR + 6.25% | Oct 2030 | $45M | 2.1% |
| Full schedule — all 85 holdings, sortable and screenable → | |||||||
This page is the public file — the Ledge adds
Borrower cross-reference
Search any borrower, see every BDC exposed to it — SLR Investment Corp shares 16 borrowers with other managers we track.
Quarterly diffs
What entered and exited the book each quarter.
Book-structure risk
Senior-secured, floating-rate and PIK share — how the book is built.
Loan-Pricing Trend
Fair-value-weighted average credit spread and average mark across this BDC’s Schedule-of-Investments debt holdings, by filing quarter. Mark is fair value as a percent of par (100 = par). Spread is in basis points over each loan’s own benchmark, normalized from the filing’s as-reported units. Source: SEC EDGAR (public). Spreads have compressed from 636 to 546 bps over 12 quarters while marks held near 99.
| Quarter | Borrowers | Priced Positions | Wtd-Avg cash spread (bps) | Avg Mark (% of par) | Debt Fair Value |
|---|---|---|---|---|---|
| Q1 2025 | 59 | 59 | 641 | 99.2 | $1.2B |
| Q2 2025 | 65 | 65 | 608 | 99.2 | $1.3B |
| Q3 2025 | 68 | 68 | 640 | 99.2 | $1.3B |
| Q4 2025 | 64 | 64 | 616 | 99.7 | $1.3B |
| Q1 2026 | 65 | 65 | 616 | 99.5 | $1.3B |
| Q2 2026 | 61 | 61 | 546 | 98.6 | $1.2B |
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.
Questions this page answers
What does SLR Investment Corp invest in?
SLR Investment Corp's portfolio breaks down by total portfolio fair value into approximately 59% first-lien senior secured, 0% second-lien or mezzanine, 0% other or unclassified debt, and 41% equity or other, with its largest sector exposure in Financial Services (~33% of the holdings that disclose a sector) as of its 2026-08-04 SEC filing.
How large is SLR Investment Corp's portfolio?
SLR Investment Corp reported $2.1B in portfolio fair value across 85 holdings and 82 unique borrowers as of its 2026-08-04 SEC filing.
Where does this data come from?
This data is parsed by Oxford Ledge from SLR Investment Corp's Schedule of Investments in its SEC EDGAR filings. Fair values are the manager's own estimates as of the 2026-08-04 filing date.
About SLR Investment Corp
SLR Investment Corp (SLRC) 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. To qualify for pass-through tax treatment, they distribute at least 90% of their taxable investment income to shareholders, which is why BDC yields are often 8–12%. SLR Investment Corp discloses its full loan portfolio through SEC filings.