BBDC
Barings BDC
Portfolio Fair Value
$2.39B
626 holdings
Avg Spread
+5.86%
FV-weighted, debt
Avg Coupon
10.77%
FV-weighted
% First Lien
64.1%
of debt FV
Unrealized P/L
-$37.63M
-1.55% of cost
Non-Accrual
14
text-detected
Balance sheet
Assets$2.60B
Liabilities + Equity$2.60B
First Lien
$1.54B · 59.0%
First Lien
$1.54B · 59.0%
Second Lien
$126.65M · 4.9%
Subordinated
$92.60M · 3.6%
Other Debt
$151.03M · 5.8%
LP Interest
$82.19M · 3.2%
Equity
$375.74M · 14.4%
Equity
$375.74M · 14.4%
Other
$31.50M · 1.2%
Cash & Equivalents
$84.36M · 3.2%
Other Assets
$123.62M · 4.7%
Debt (Borrowings)
$1.01B · 38.8%
Debt (Borrowings)
$1.01B · 38.8%
Other Liabilities
$392.68M · 15.1%
Other Liabilities
$392.68M · 15.1%
Net Assets (Equity)
$1.20B · 46.2%
Net Assets (Equity)
$1.20B · 46.2%
Industry Composition
Technology
10.9%
Insurance & Real Estate
7.0%
LP Interest
5.2%
Aerospace & Defense
4.9%
Healthcare
4.7%
High Tech Industries
3.2%
Investment Funds & Vehicles
2.7%
Other Financial
2.6%
Electrical Engineering
2.5%
Business Equipment & Services
2.4%
Property & Casualty Insurance
2.2%
Transportation Services
2.2%
Other industries
49.5%
Spread Distribution
1.0%
2.0%
3.5%
4.5%
5.5%
6.5%
7.5%
8.5%
9.5%
10.5%
12.0%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
626 of 657
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Eclipse Business Capital, LLC, Banking, Finance | Insurance & Real Estate | LLC Units | $137.75M | $92.96M | $44.79M | — | — | — |
Rocade Holdings LLC | Other Financial | Preferred LP Units | $77.30M | $77.30M | $2.0K | — | +6.00% | — |
Policy Services Company, LLC | Property & Casualty Insurance | First Lien Senior Secured Term Loan | $51.70M | $51.70M | $1.0K | 11.30% | +6.00% | — |
Sierra Senior Loan Strategy JV I LLC | Joint Venture | Member Interest | $41.54M | $48.44M | -$6.90M | — | — | — |
Jocassee Partners LLC | Investment Funds & Vehicles | Member Interest | $41.18M | $35.16M | $6.02M | — | — | — |
Security Holdings B.V. | Electrical Engineering | Common Stock Series B | $36.74M | $35.19M | $1.55M | — | — | — |
Shelf Bidco Ltd. | Other Financial | First Lien Senior Secured Term Loan | $35.23M | $33.63M | $1.60M | 11.70% | +6.00% | — |
Rhondda Financing No. 1 DAC | Finance Companies | Structured - Junior Note | $28.94M | $27.95M | $994.0K | — | — | — |
Aviation Technical Services, Inc. | Aerospace & Defense | Second Lien Senior Secured Term Loan | $28.10M | $27.97M | $133.0K | 14.00% | +8.50% | — |
Bridger Aerospace Group Holdings, LLC | Environmental Industries | Municipal Revenue Bond | $27.95M | $27.20M | $753.0K | 11.50% | — | — |
Alpine SG, LLC | High Tech Industries | First Lien Senior Secured Term Loan | $22.79M | $22.68M | $112.0K | 11.30% | +6.00% | — |
AQA Acquisition Holding, Inc. | High Tech Industries | Second Lien Senior Secured Term Loan | $20.00M | $19.65M | $347.0K | 12.90% | +7.50% | — |
World 50, Inc. | Professional Services | First Lien Senior Secured Term Loan #1 | $18.63M | $18.61M | $22.0K | 11.10% | +5.75% | — |
Napa Bidco Pty Ltd | Healthcare | First Lien Senior Secured Term Loan | $18.45M | $19.66M | -$1.21M | 9.40% | +5.00% | — |
Superjet Buyer, LLC | Technology | First Lien Senior Secured Term Loan | $17.06M | $17.16M | -$97.0K | 10.90% | +5.50% | — |
Trystar, LLC | Power Distribution Solutions | First Lien Senior Secured Term Loan | $15.93M | $15.98M | -$48.0K | 10.90% | +5.50% | — |
Coastal Marina Holdings, LLC, Hotel | Gaming & Leisure | Subordinated Term Loan2 | $15.71M | $15.64M | $69.0K | — | — | — |
Solo Buyer, L.P. | Technology | First Lien Senior Secured Term Loan | $15.32M | $15.09M | $230.0K | 11.60% | +6.25% | — |
Trident Maritime Systems, Inc. | Aerospace & Defense | First Lien Senior Secured Term Loan | $15.00M | $15.61M | -$607.0K | 11.00% | +5.50% | — |
Bridger Aerospace Group Holdings, LLC | Environmental Industries | Preferred Stock- Series A | $14.71M | $16.13M | -$1.42M | — | — | — |
Dwyer Instruments, Inc. | Electric | First Lien Senior Secured Term Loan | $14.70M | $14.52M | $180.0K | 11.20% | +5.75% | — |
Flexential Issuer, LLC, Information Technology, Structured | Information Technology | Secured Note | $14.66M | $14.87M | -$212.0K | 6.90% | — | — |
British Engineering Services Holdco Limited | Commercial Services & Supplies | First Lien Senior Secured Term Loan | $14.49M | $15.22M | -$724.0K | 12.20% | +7.00% | — |
Celebration Bidco, LLC | Chemicals, Plastics, & Rubber | Common Stock | $13.77M | — | — | — | — | — |
Coastal Marina Holdings, LLC | Hotel | Hotel, Gaming & Leisure ,LLC Units, Common Stock | $13.77M | $12.18M | $1.60M | — | — | — |
SBP Holdings LP | Industrial Other | First Lien Senior Secured Term Loan | $13.77M | $13.39M | $379.0K | 12.10% | +6.75% | — |
CM Acquisitions Holdings Inc. | Internet & Direct Marketing | First Lien Senior Secured Term Loan #1 | $13.13M | $13.65M | -$520.0K | 10.10% | +4.75% | — |
Comply365, LLC | Technology | First Lien Senior Secured Term Loan #1 | $13.08M | $12.98M | $101.0K | 10.40% | +5.00% | — |
BPG Holdings IV Corp | Capital Goods | First Lien Senior Secured Term Loan | $13.01M | $13.46M | -$446.0K | 11.30% | +6.00% | — |
CGI Parent, LLC | Business Equipment & Services | First Lien Senior Secured Term Loan #1 | $12.99M | $12.76M | $237.0K | 10.70% | +5.25% | — |
OSP Hamilton Purchaser, LLC | Technology | First Lien Senior Secured Term Loan #1 | $12.92M | $12.93M | -$9.0K | 10.40% | +5.00% | — |
Gojo Industries, Inc. | Industrial Other | Industrial Other,First Lien Senior Secured Term Loan | $12.74M | $12.73M | $2.0K | 10.40% | +5.00% | — |
RA Outdoors, LLC | High Tech Industries | First Lien Senior Secured Term Loan | $12.72M | $12.66M | $65.0K | 12.10% | +6.75% | — |
Waccamaw River LLC, Investment Funds & Vehicles | Investment Funds & Vehicles | — | $12.69M | $24.67M | -$11.98M | — | — | — |
Five Star Holding LLC | Packaging | Second Lien Senior Secured Term Loan | $12.36M | $13.47M | -$1.11M | 12.60% | +7.25% | — |
ITI Intermodal, Inc. | Transportation Services | First Lien Senior Secured Term Loan #1 | $11.88M | $11.86M | $26.0K | 12.70% | +7.25% | — |
Accurus Aerospace Corporation | Aerospace & Defense | First Lien Senior Secured Term Loan | $11.82M | $11.95M | -$129.0K | 11.20% | +5.75% | — |
EMI Porta Holdco LLC | Diversified Manufacturing | First Lien Senior Secured Term Loan | $11.79M | $12.29M | -$503.0K | 11.20% | +5.75% | — |
Safety Products Holdings, LLC | Non-durable Consumer Goods | First Lien Senior Secured Term Loan | $11.69M | $11.59M | $108.0K | 11.50% | +6.00% | — |
Heartland Veterinary Partners, LLC | Healthcare | Subordinated Term Loan #1 | $11.67M | $12.72M | -$1.06M | — | — | — |
NAW Buyer LLC | Technology | First Lien Senior Secured Term Loan | $11.62M | $11.37M | $253.0K | 11.10% | +5.75% | — |
Spatial Business Systems LLC | Electric | First Lien Senior Secured Term Loan | $11.46M | $11.35M | $108.0K | 10.80% | +5.50% | — |
The Hilb Group, LLC | Insurance Brokerage | First Lien Senior Secured Term Loan | $11.39M | $11.31M | $79.0K | 11.20% | +5.75% | — |
Recovery Point Systems, Inc. | Technology | First Lien Senior Secured Term Loan | $11.35M | $11.26M | $91.0K | 11.20% | +5.75% | — |
HW Holdco, LLC (Hanley Wood LLC) | Advertising | First Lien Senior Secured Term Loan #1 | $11.07M | $11.11M | -$38.0K | 11.70% | +6.25% | — |
CAi Software, LLC | Technology | First Lien Senior Secured Term Loan #1 | $11.06M | $11.07M | -$10.0K | 10.60% | +5.00% | — |
Security Holdings B.V. | Electrical Engineering | Senior Subordinated Term Loan | $11.04M | $11.04M | $0.00 | — | — | — |
UKFast Leaders Limited | Technology | First Lien Senior Secured Term Loan | $11.03M | $11.83M | -$807.0K | 12.40% | +7.25% | — |
Marshall Excelsior Co. | Capital Goods | First Lien Senior Secured Term Loan | $10.75M | $10.64M | $114.0K | 10.60% | +5.25% | — |
GB Eagle Buyer, Inc. | Capital Goods | First Lien Senior Secured Term Loan | $10.61M | $10.36M | $255.0K | 11.60% | +6.25% |