QAD, Inc.
A provider of cloud-based enterprise resource planning (ERP) and supply-chain software for manufacturers. Its products span ERP, demand and supply-chain planning, global trade and transportation execution, and quality management, used by more than 2,000 manufacturing companies.
Company profile compiled from public sources (company filings, rating-agency reports, and press releases) — distinct from the SEC Schedule-of-Investments pricing data below.
Lenders
QAD, Inc. is held by 3 BDC lenders in our parsed SEC filings: GBDC, OBDC, OBDE.
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).
| BDC | Type | Rate | Spread (bps) | Mark (% of par) | Fair Value | Maturity | Filing |
|---|---|---|---|---|---|---|---|
| GBDC | 1L Sr Secured | SOFR | 475 | 97.5 | $42M | 2027-11 | 2026-05-04 |
| OBDC | 1L Sr Secured | SOFR | 475 | 98.5 | $68M | 2027-11 | 2026-05-06 |
| OBDE | 1L Sr Secured | SOFR | 475 | 98.5 | $917K | 2027-11 | 2026-05-08 |
| GBDC | 1L Sr Secured | FIXED | — | — | -$24K | 2027-11 | 2026-05-04 |
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
Ownership and acquisition events compiled from public sources and audited against the linked source. Each event links to its source; “(reported)” marks a lower-confidence item. Verify anything material against the original source.
- lboThoma Bravo signs definitive agreement to acquire QAD Inc. for ~$2BQAD Inc. announced entry into a definitive merger agreement to be acquired by Thoma Bravo in an all-cash LBO transaction valued at approximately $2 billion, with shareholders to receive $87.50 per share.
- acquisitionQAD (Thoma Bravo portfolio) acquires LivejourneyQAD Inc., as a Thoma Bravo portfolio company, acquired Livejourney, a provider of real-time process mining and predictive modeling solutions for business processes, in December 2022.
- acquisitionQAD acquires Phenix Software Inc. (reported)QAD Inc., a Thoma Bravo portfolio company, purchased Phenix Software Inc. in October 2024, continuing its strategy of bolt-on acquisitions in the manufacturing software space.
Headlines mentioning QAD, Inc.
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.