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Private-Credit Borrower

ALCV Purchaser, Inc. (AutoLenders)

AutoLenders (legally Auto Lenders Liquidation Center) is a used-vehicle retailer founded in 1990, operating certified pre-owned car dealerships primarily in New Jersey, with expansion into Pennsylvania and Florida. The business sources much of its inventory from off-lease vehicles and positions itself as a no-haggle used-car seller. ALCV Purchaser, Inc. is the acquisition entity associated with the April 2021 transaction in which New York-based private-equity firm Crestview Partners took a majority stake; founder Mike Wimmer's business is headquartered in southern New Jersey, with major operations in Berlin and Egg Harbor Township.

Company profile compiled from public sources (company filings, rating-agency reports, and press releases) — distinct from the SEC Schedule-of-Investments pricing data below.

1
BDC Lender
1
Debt Position

Lenders

ALCV Purchaser, Inc. (AutoLenders) is held by 1 BDC lender in our parsed SEC filings: TCPC.

Cross-lender loan pricing

Each row is one debt tranche at the BDC’s most recent filing that holds this borrower, widest spread first. Mark is the position’s fair value as a percent of par (100 = par). Spread is shown in basis points over the benchmark in the Rate column, normalized from each filing’s as-reported units — rows quoting different benchmarks are still not directly comparable. Compare like-for-like: a second-lien tranche, a different vintage, or an older filing should price wider even when the credit view is identical — check the Type and Filing columns before reading a gap as disagreement. Source: SEC EDGAR (public).

BDCTypeRateCash spread (bps)Mark (% of par)Fair ValueMaturityFiling
TCPC1L Sr SecuredSOFR701100.0$4M2028-04-152026-08-06

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.

Ownership & deal activity

No acquisition, ownership-change, or refinancing headlines for ALCV Purchaser, Inc. (AutoLenders) are in our verified news index yet. Most BDC borrowers are private companies, so ownership events are not always public; absence reflects our indexing coverage, not the borrower’s deal activity.

Headlines mentioning ALCV Purchaser, Inc. (AutoLenders)

We haven’t indexed any headlines that name ALCV Purchaser, Inc. (AutoLenders). That reflects our news-indexing coverage — not the borrower’s activity — so the absence is not a signal.

Reading this table

When two business development companies lend to the same borrower, comparing how each marks the loan is a starting question, not a verdict. In plain English: a wider spread (e.g. S+575 vs S+525) or a lower mark (e.g. 96 vs 100 cents on the dollar) can mean that lender is pricing in more risk — but marks can also differ for reasons other than a credit view: a different tranche (second lien should price wider than first lien on the same company), a different vintage or entry point, an older filing date, or each manager’s own fair-value methodology. Compare like-for-like — check the Type and Filing columns before reading a gap as disagreement. Each row is one debt position at one BDC’s most recent filing. Source: SEC EDGAR Schedule of Investments (public).

Want to read these numbers like an analyst? Free Oxford Ledge lessons: reading a BDC’s Schedule of Investments, key credit metrics, and the Five Cs of credit analysis.