Peer marks.
Where shared loans are marked differently across BDCs, this page re-prices each fund's shared positions at a peer-chosen price (lowest, highest, mean, or median, excluding self) and shows which funds are carrying materially richer or more conservative marks than the peer benchmark. Price is cents-on-the-dollar (fair value ÷ principal), or fair value ÷ cost when principal isn't disclosed.
Peer-price scenario
What if every shared position was marked at the most conservative peer price? BDCs with a big markdown here are carrying the highest marks vs. peers.
Include position types
BDC ranking — implied NAV delta under lowest peer scenario
Positive = carries higher marks · Negative = more conservative
| Markdown | |||||
|---|---|---|---|---|---|
BCRED Blackstone Private Credit Fund · 318 shared | $58.90B | $58.87B | +$28.12M | +0.05% | |
BXSL Blackstone Secured Lending · 311 shared | $13.33B | $13.31B | +$27.35M | +0.21% | |
CCLFX Cliffwater Corporate Lending Fund · 124 shared | $2.90B | $2.88B | +$16.10M | +0.56% | |
OCIC Blue Owl Credit Income Corp · 193 shared | $23.62B | $23.61B | +$12.82M | +0.05% | |
MAIN Main Street Capital · 122 shared | $2.99B | $2.99B | +$2.68M | +0.09% | |
OTF Blue Owl Technology Finance Corp · 120 shared | $9.09B | $9.09B | +$2.66M | +0.03% | |
OBDC Blue Owl Capital · 186 shared | $11.13B | $11.13B | +$2.20M | +0.02% | |
PFLT PennantPark Floating Rate Capital · 18 shared | $249.39M | $247.41M | +$1.98M | +0.79% | |
SLRC SLR Investment · 3 shared | $60.33M | $58.95M | +$1.38M | +2.29% | |
OBDCII Blue Owl Capital Corp II · 148 shared | $669.23M | $668.36M | +$870.2K | +0.13% | |
TCPC BlackRock TCP Capital · 9 shared | $97.76M | $97.38M | +$371.3K | +0.38% | |
BCSF Bain Capital Specialty Finance · 1 shared | $7.70M | $7.39M | +$309.7K | +4.02% | |
OTIC Blue Owl Technology Income Corp · 125 shared | $4.15B | $4.15B | +$217.0K | +0.01% | |
CELFX Cliffwater Enhanced Lending Fund · 54 shared | $396.20M | $396.00M | +$199.8K | +0.05% | |
PTMN Portman Ridge Finance · 4 shared | $13.06M | $12.93M | +$132.3K | +1.01% | |
CCAP Crescent Capital BDC · 5 shared | $22.57M | $22.57M | +$6.0K | +0.03% | |
GAIN Gladstone Investment · 1 shared | $7.94M | $7.94M | +$1.7K | +0.02% | |
GLAD Gladstone Capital · 1 shared | $3.40M | $3.40M | -$714.29 | -0.02% | |
PNNT PennantPark Investment · 17 shared | $67.35M | $67.35M | -$6.5K | -0.01% | |
MSIF MSC Income Fund · 122 shared | $1.03B | $1.03B | -$73.8K | -0.01% | |
OCSL Oaktree Specialty Lending · 3 shared | $79.29M | $79.45M | -$161.6K | -0.20% | |
BBDC Barings BDC · 1 shared | $5.11M | $5.33M | -$214.2K | -4.19% | |
NMFC New Mountain Finance · 13 shared | $247.72M | $248.34M | -$627.7K | -0.25% | |
MFIC MidCap Financial Investment · 8 shared | $89.92M | $90.60M | -$675.3K | -0.75% | |
CGBD Carlyle Secured Lending · 17 shared | $309.77M | $310.51M | -$735.2K | -0.24% | |
GSBD Goldman Sachs BDC · 10 shared | $253.55M | $254.65M | -$1.10M | -0.43% | |
FSK FS KKR Capital · 16 shared | $1.07B | $1.07B | -$6.99M | -0.65% | |
ARCC Ares Capital · 65 shared | $2.72B | $2.73B | -$15.70M | -0.58% |
Per-issuer price dispersion (ordered by max–min peer spread)
905 shared positions · click a row to see each BDC's mark
Issuer
# BDCs
Min
Max
Spread
Total FV