BBDC
Barings BDC
Portfolio Fair Value
$2.51B
614 holdings
Avg Spread
+5.94%
FV-weighted, debt
Avg Coupon
10.96%
FV-weighted
% First Lien
64.2%
of debt FV
Unrealized P/L
-$8.53M
-0.34% of cost
Non-Accrual
6
text-detected
Balance sheet
Assets$2.70B
Liabilities + Equity$2.70B
First Lien
$1.62B · 60.1%
First Lien
$1.62B · 60.1%
Second Lien
$137.57M · 5.1%
Subordinated
$99.15M · 3.7%
Other Debt
$151.13M · 5.6%
LP Interest
$79.82M · 3.0%
Equity
$423.03M · 15.7%
Equity
$423.03M · 15.7%
Other
$14.26M · 0.5%
Cash & Equivalents
$64.11M · 2.4%
Other Assets
$107.04M · 4.0%
Debt (Borrowings)
$1.01B · 37.5%
Debt (Borrowings)
$1.01B · 37.5%
Other Liabilities
$476.00M · 17.6%
Other Liabilities
$476.00M · 17.6%
Net Assets (Equity)
$1.21B · 44.9%
Net Assets (Equity)
$1.21B · 44.9%
Industry Composition
Technology
10.5%
Insurance & Real Estate
6.8%
LP Interest
4.8%
Aerospace & Defense
4.7%
Healthcare
4.6%
High Tech Industries
3.3%
Investment Funds & Vehicles
2.7%
Other Financial
2.4%
Electrical Engineering
2.3%
Automotive
2.2%
Business Equipment & Services
2.2%
Property & Casualty Insurance
2.1%
Other industries
51.4%
Spread Distribution
1.0%
3.0%
4.0%
5.0%
5.5%
6.0%
7.0%
8.0%
9.0%
10.0%
12.0%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
614 of 646
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Eclipse Business Capital, LLC, Banking, Finance | Insurance & Real Estate | LLC Units | $143.12M | $92.96M | $50.15M | — | — | — |
Rocade Holdings LLC | Other Financial | Preferred LP Units | $75.17M | $75.17M | $0.00 | — | +6.00% | — |
Policy Services Company, LLC | Property & Casualty Insurance | First Lien Senior Secured Term Loan | $51.10M | $51.10M | $5.0K | 11.30% | +6.00% | — |
Sierra Senior Loan Strategy JV I LLC | Joint Venture | Member Interest | $42.00M | $48.44M | -$6.44M | — | — | — |
Jocassee Partners LLC | Investment Funds & Vehicles | Member Interest | $41.42M | $35.16M | $6.27M | — | — | — |
Security Holdings B.V. | Electrical Engineering | Common Stock Series B | $35.68M | $35.19M | $488.0K | — | — | — |
Shelf Bidco Ltd. | Other Financial | First Lien Senior Secured Term Loan | $35.32M | $33.69M | $1.63M | 11.70% | +6.00% | — |
Aviation Technical Services, Inc. | Aerospace & Defense | Second Lien Senior Secured Term Loan | $29.16M | $28.11M | $1.05M | 13.80% | +8.50% | — |
Rhondda Financing No. 1 DAC | Finance Companies | Structured - Junior Note | $28.48M | $27.95M | $526.0K | — | — | — |
Bridger Aerospace Group Holdings, LLC | Environmental Industries | Municipal Revenue Bond | $27.98M | $27.20M | $784.0K | 11.50% | — | — |
MVC Automotive Group Gmbh | Automotive | Common Equity interest | $23.56M | $9.55M | $14.01M | — | — | — |
Alpine SG, LLC | High Tech Industries | First Lien Senior Secured Term Loan | $22.79M | $22.68M | $112.0K | 11.50% | +6.00% | — |
AQA Acquisition Holding, Inc. | High Tech Industries | Second Lien Senior Secured Term Loan | $20.00M | $19.64M | $362.0K | 12.90% | +7.50% | — |
World 50, Inc. | Professional Services | First Lien Senior Secured Term Loan #1 | $18.65M | $18.65M | -$1.0K | 11.10% | +5.75% | — |
Napa Bidco Pty Ltd | Healthcare | First Lien Senior Secured Term Loan | $17.98M | $19.64M | -$1.66M | 9.40% | +5.00% | — |
Springbrook Software (SBRK Intermediate, Inc.) | Enterprise Software & Services | First Lien Senior Secured Term Loan #1 | $17.62M | $17.54M | $77.0K | 10.90% | +5.50% | — |
Trystar, LLC | Power Distribution Solutions | First Lien Senior Secured Term Loan | $16.00M | $16.00M | -$3.0K | 10.80% | +5.50% | — |
Waccamaw River LLC | Investment Funds & Vehicles | Member Interest | $15.78M | $25.00M | -$9.22M | — | — | — |
Coastal Marina Holdings, LLC, Hotel | Gaming & Leisure | Subordinated Term Loan2 | $15.68M | $15.62M | $61.0K | — | — | — |
Solo Buyer, L.P. | Technology | First Lien Senior Secured Term Loan | $15.30M | $15.12M | $180.0K | 11.60% | +6.25% | — |
Trident Maritime Systems, Inc. | Aerospace & Defense | First Lien Senior Secured Term Loan | $15.19M | $15.60M | -$405.0K | 11.00% | +5.50% | — |
Dwyer Instruments, Inc. | Electric | First Lien Senior Secured Term Loan | $14.74M | $14.55M | $193.0K | 11.20% | +5.75% | — |
British Engineering Services Holdco Limited | Commercial Services & Supplies | First Lien Senior Secured Term Loan | $14.48M | $15.20M | -$719.0K | 12.50% | +6.75% | — |
Celebration Bidco, LLC | Chemicals, Plastics, & Rubber | Common Stock | $14.47M | — | — | — | — | — |
Coastal Marina Holdings, LLC | Hotel | Hotel, Gaming & Leisure ,LLC Units, Common Stock | $14.47M | $12.18M | $2.29M | — | — | — |
Flexential Issuer, LLC, Information Technology, Structured | Information Technology | Secured Note | $14.28M | $14.87M | -$590.0K | 6.90% | — | — |
Bridger Aerospace Group Holdings, LLC | Environmental Industries | Preferred Stock- Series A | $14.18M | $15.55M | -$1.38M | — | — | — |
SBP Holdings LP | Industrial Other | First Lien Senior Secured Term Loan | $13.95M | $13.41M | $539.0K | 12.10% | +6.75% | — |
Five Star Holding LLC | Packaging | Second Lien Senior Secured Term Loan | $13.51M | $13.47M | $46.0K | 12.50% | +7.25% | — |
BPG Holdings IV Corp | Capital Goods | First Lien Senior Secured Term Loan | $13.37M | $13.46M | -$98.0K | 11.30% | +6.00% | — |
Command Alkon (Project Potter Buyer, LLC) | Software | First Lien Senior Secured Term Loan #1 | $13.34M | $13.22M | $128.0K | 12.10% | +6.75% | — |
CM Acquisitions Holdings Inc. | Internet & Direct Marketing | First Lien Senior Secured Term Loan #1 | $13.31M | $13.64M | -$330.0K | 10.20% | +4.75% | — |
Comply365, LLC | Technology | First Lien Senior Secured Term Loan #1 | $12.96M | $13.01M | -$51.0K | 10.40% | +5.00% | — |
OSP Hamilton Purchaser, LLC | Technology | First Lien Senior Secured Term Loan #1 | $12.94M | $12.96M | -$20.0K | 10.90% | +5.50% | — |
Superjet Buyer, LLC | Technology | First Lien Senior Secured Term Loan | $12.81M | $12.70M | $110.0K | 10.90% | +5.50% | — |
CGI Parent, LLC | Business Equipment & Services | First Lien Senior Secured Term Loan #1 | $12.76M | $12.78M | -$15.0K | 10.70% | +5.25% | — |
RA Outdoors, LLC | High Tech Industries | First Lien Senior Secured Term Loan | $12.72M | $12.66M | $65.0K | 12.10% | +6.75% | — |
The Cleaver-Brooks Company, Inc. | Capital Equipment | First Lien Senior Secured Term Loan | $12.68M | $12.48M | $196.0K | 10.80% | +5.50% | — |
Gojo Industries, Inc. | Industrial Other | Industrial Other,First Lien Senior Secured Term Loan | $12.57M | $12.57M | $0.00 | 10.40% | +5.00% | — |
ITI Intermodal, Inc. | Transportation Services | First Lien Senior Secured Term Loan #1 | $12.10M | $11.97M | $128.0K | 11.90% | +6.50% | — |
EMI Porta Holdco LLC | Diversified Manufacturing | First Lien Senior Secured Term Loan | $11.82M | $12.32M | -$496.0K | 11.20% | +5.75% | — |
Accurus Aerospace Corporation | Aerospace & Defense | First Lien Senior Secured Term Loan | $11.82M | $12.00M | -$184.0K | 10.70% | +5.25% | — |
Safety Products Holdings, LLC | Non-durable Consumer Goods | First Lien Senior Secured Term Loan | $11.68M | $11.68M | $2.0K | 11.50% | +6.00% | — |
NAW Buyer LLC | Technology | First Lien Senior Secured Term Loan | $11.68M | $11.41M | $269.0K | 11.10% | +5.75% | — |
Spatial Business Systems LLC | Electric | First Lien Senior Secured Term Loan | $11.46M | $11.37M | $94.0K | 10.80% | +5.50% | — |
The Hilb Group, LLC | Insurance Brokerage | First Lien Senior Secured Term Loan | $11.40M | $11.33M | $68.0K | 11.20% | +5.75% | — |
Recovery Point Systems, Inc. | Technology | First Lien Senior Secured Term Loan | $11.38M | $11.28M | $102.0K | 11.80% | +6.50% | — |
Heartland Veterinary Partners, LLC | Healthcare | Subordinated Term Loan #1 | $11.27M | $12.36M | -$1.09M | — | — | — |
A.T. Holdings II LTD | Other Financial | First Lien Senior Secured Term Loan | $11.15M | $12.50M | -$1.35M | 14.30% | — | — |
HTI Technology & Industries | Electronic Component Manufacturing | First Lien Senior Secured Term Loan | $11.14M | $11.33M | -$190.0K | 13.90% | +8.50% | — |
CAi Software, LLC | Technology | First Lien Senior Secured Term Loan #1 | $11.04M | $11.07M | -$29.0K | 11.60% | +6.25% | — |
Security Holdings B.V. | Electrical Engineering | Senior Subordinated Term Loan | $11.02M | $11.02M | $0.00 | — |