Skip to main content Skip to main content
Private-Credit Borrower

Inovalon Holdings, Inc.

Inovalon is a healthcare technology company that sells cloud-based software and data-analytics platforms to health plans, providers and life-sciences firms, helping them improve clinical outcomes and financial performance using large patient datasets. It was a Nasdaq-listed public company until an investor group led by Nordic Capital (with Insight Partners) took it private in a roughly $7.3 billion all-cash deal in November 2021. 'Taking private' means buyers bought all public shares so the stock no longer trades on an exchange.

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

4
BDC Lenders
8
Debt Positions

Lenders

Inovalon Holdings, Inc. is held by 4 BDC lenders in our parsed SEC filings: BXSL, MFIC, OBDC, OBDE.

Cross-lender loan pricing

Lenders mark this name differently

MFIC carries this Second Lien / Mezz exposure at 52.0 while BXSL marks it at 89.0 — a 37.0-point gap on the same lien class, both marked for the quarter ended 2026-03-31. 2 other lenders mark in between.

BDC marks are quarterly fair-value estimates. A gap this wide can reflect tranche mix within the same lien class, valuation timing, or genuine credit disagreement between the managers — it is a prompt to read both lenders’ filings, not a mispricing claim. Marks are fair value as a percent of par, FV-weighted where a lender holds multiple tranches.

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).

BDCTypeRateSpread (bps)Mark (% of par)Fair ValueMaturityFiling
BXSL2L / MezzPIK85089.0$15M2033-11-242026-05-07
BXSL1L Sr SecuredPIK55096.0$179M2028-11-242026-05-07
MFIC1L Sr SecuredPIK28689.0$6M2028-11-242026-05-06
OBDC1L Sr SecuredPIK27596.2$149M2028-112026-05-06
OBDE1L Sr SecuredPIK27596.2$18M2028-112026-05-08
MFIC2L / Mezz—52.0$51K2033-11-242026-05-06
OBDC2L / MezzPIK—87.2$57M2033-112026-05-06
OBDE2L / MezzPIK—87.3$7M2033-112026-05-08

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 Inovalon Holdings, Inc. 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 Inovalon Holdings, Inc.

We haven’t indexed any headlines that name Inovalon Holdings, Inc.. 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.