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 | |||||
|---|---|---|---|---|---|
BXSL Blackstone Secured Lending · 311 shared | $13.61B | $13.60B | +$14.54M | +0.11% | |
CCLFX Cliffwater Corporate Lending Fund · 95 shared | $2.93B | $2.92B | +$6.57M | +0.22% | |
FSK FS KKR Capital · 11 shared | $772.90M | $769.68M | +$3.22M | +0.42% | |
OCIC Blue Owl Credit Income Corp · 203 shared | $24.40B | $24.40B | +$2.82M | +0.01% | |
OBDC Blue Owl Capital · 203 shared | $12.94B | $12.94B | +$2.20M | +0.02% | |
NMFC New Mountain Finance · 12 shared | $364.97M | $362.91M | +$2.06M | +0.56% | |
MAIN Main Street Capital · 116 shared | $2.82B | $2.82B | +$1.99M | +0.07% | |
SLRC SLR Investment · 3 shared | $61.36M | $60.15M | +$1.21M | +1.97% | |
TCPC BlackRock TCP Capital · 9 shared | $133.08M | $131.92M | +$1.16M | +0.87% | |
MFIC MidCap Financial Investment · 9 shared | $92.18M | $91.37M | +$816.3K | +0.89% | |
OTF Blue Owl Technology Finance Corp · 121 shared | $9.17B | $9.17B | +$792.2K | +0.01% | |
TCAP TPG Twin Brook Capital Income Fund · 1 shared | $19.75M | $19.27M | +$478.7K | +2.42% | |
PFLT PennantPark Floating Rate Capital · 19 shared | $333.34M | $333.02M | +$322.2K | +0.10% | |
KBDC Kayne Anderson BDC · 3 shared | $33.12M | $32.90M | +$219.1K | +0.66% | |
OTIC Blue Owl Technology Income Corp · 128 shared | $4.78B | $4.78B | +$207.7K | +0.00% | |
OBDCII Blue Owl Capital Corp II · 162 shared | $1.35B | $1.35B | +$176.8K | +0.01% | |
CION CION Investment · 1 shared | $15.07M | $14.93M | +$147.0K | +0.98% | |
CELFX Cliffwater Enhanced Lending Fund · 49 shared | $348.25M | $348.21M | +$34.8K | +0.01% | |
BCSF Bain Capital Specialty Finance · 1 shared | $7.77M | $7.76M | +$12.2K | +0.16% | |
PTMN Portman Ridge Finance · 5 shared | $18.73M | $18.72M | +$5.3K | +0.03% | |
GLAD Gladstone Capital · 1 shared | $3.53M | $3.53M | +$142.86 | +0.00% | |
GAIN Gladstone Investment · 1 shared | $8.24M | $8.24M | -$333.33 | -0.00% | |
PNNT PennantPark Investment · 16 shared | $79.52M | $79.53M | -$3.6K | -0.00% | |
BBDC Barings BDC · 1 shared | $5.36M | $5.37M | -$8.4K | -0.16% | |
CCAP Crescent Capital BDC · 2 shared | $6.90M | $6.93M | -$28.5K | -0.41% | |
OCSL Oaktree Specialty Lending · 3 shared | $80.09M | $80.12M | -$37.3K | -0.05% | |
MSIF MSC Income Fund · 116 shared | $967.73M | $967.97M | -$244.0K | -0.03% | |
HTGC Hercules Capital · 2 shared | $66.12M | $66.38M | -$264.2K | -0.40% | |
CGBD Carlyle Secured Lending · 15 shared | $281.32M | $282.00M | -$684.6K | -0.24% | |
GSBD Goldman Sachs BDC · 10 shared | $253.90M | $255.96M | -$2.07M | -0.81% | |
ARCC Ares Capital · 48 shared | $1.98B | $1.99B | -$11.48M | -0.58% | |
BCRED Blackstone Private Credit Fund · 321 shared | $58.78B | $58.88B | -$104.86M | -0.18% |
Per-issuer price dispersion (ordered by max–min peer spread)
888 shared positions · click a row to see each BDC's mark
Issuer
# BDCs
Min
Max
Spread
Total FV