Business Development Companies, at a glance.
Portfolio metrics across 47 publicly-traded BDCs, computed from each fund's most recent 10-K, 10-Q or N-CSRS Schedule of Investments.
Aggregate Fair Value
$345.15B
across 47 BDCs
Total Holdings
22,834
deduplicated issuer positions
Weighted Avg Spread
+5.34%
FV-weighted, debt positions
% First Lien
73.6%
the industry, in aggregate, is a senior-secured book
Portfolio comparison · latest filings
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47 funds
| Latest filing | |||||||
|---|---|---|---|---|---|---|---|
BCRED Blackstone Private Credit Fund | 10-K2025-12-31 | $82.56B | 1,281 | +5.02% | 88.8% | 8.69% | -$719.20M |
CCLFX Cliffwater Corporate Lending Fund | N-CSRS2025-09-30 | $40.59B | 3,196 | +5.22% | 66.2% | 9.18% | +$498.51M |
OCIC Blue Owl Credit Income Corp | 10-K2025-12-31 | $35.93B | 545 | +4.79% | 88.0% | — | -$69.11M |
ARCC Ares Capital | 10-K2025-12-31 | $29.59B | 1,362 | +5.70% | 59.7% | 9.41% | +$350.90M |
OBDC Blue Owl Capital | 10-K2025-12-31 | $16.47B | 425 | +5.34% | 73.2% | — | +$48.45M |
OTF Blue Owl Technology Finance Corp | 10-K2025-12-31 | $15.21B | 363 | +5.03% | 72.2% | — | +$1.08B |
BXSL Blackstone Secured Lending | 10-K2025-12-31 | $14.50B | 674 | +5.29% | 95.7% | 8.99% | -$180.67M |
FSK FS KKR Capital | 10-K2025-12-31 | $14.46B | 603 | +5.98% | 61.7% | — | -$732.20M |
GBDC Golub Capital BDC | 10-Q2025-12-31 | $8.72B | 1,708 | +5.30% | 4.7% | 8.50% | +$177.50M |
CELFX Cliffwater Enhanced Lending Fund | N-CSRS2025-09-30 | $6.80B | 360 | +7.29% | 23.1% | 11.39% | +$514.63M |
PSEC Prospect Capital | 10-Q2025-12-31 | $6.53B | 200 | +5.87% | 66.6% | 9.46% | +$141.35M |
OTIC Blue Owl Technology Income Corp | 10-K2025-12-31 | $6.21B | 323 | +4.68% | 88.4% | — | -$2.29M |
MAIN Main Street Capital | 10-K2025-12-31 | $5.59B | 605 | +6.53% | 64.8% | 11.20% | +$1.10B |
HTGC Hercules Capital | 10-K2025-12-31 | $4.48B | 341 | +2.63% | 73.1% | — | -$1.32M |
TCAP TPG Twin Brook Capital Income Fund | 10-K2025-12-31 | $4.28B | 794 | +5.29% | 97.6% | 9.14% | +$81.0K |
TSLX Sixth Street Specialty Lending | 10-K2025-12-31 | $3.41B | 223 | +6.48% | 88.1% | 10.13% | +$82.41M |
GSBD Goldman Sachs BDC | 10-K2025-12-31 | $3.26B | 555 | +5.56% | 91.7% | 9.39% | -$137.53M |
MFIC MidCap Financial Investment | 10-K2025-12-31 | $3.17B | 629 | +5.19% | 94.8% | 10.51% | -$188.93M |
OCSL Oaktree Specialty Lending | 10-Q2025-12-31 | $2.95B | 376 | +5.64% | 83.3% | 9.04% | -$259.88M |
NMFC New Mountain Finance | 10-K2025-12-31 | $2.77B | 374 | +5.26% | 65.8% | 9.77% | -$183.35M |
PFLT PennantPark Floating Rate Capital | 10-Q2025-12-31 | $2.61B | 505 | +5.86% | 88.7% | 9.53% | +$53.84M |
BCSF Bain Capital Specialty Finance | 10-K2025-12-31 | $2.50B | 529 | +6.01% | 63.7% | 10.35% | +$5.87M |
CGBD Carlyle Secured Lending | 10-K2025-12-31 | $2.50B | 229 | +5.93% | 83.9% | 9.67% | +$27.86M |
TRIN Trinity Capital | 10-K2025-12-31 | $2.42B | 511 | +5.28% | 0.0% | 11.56% | +$24.98M |
BBDC Barings BDC | 10-K2025-12-31 | $2.40B | 666 | +5.49% | 68.5% | 9.05% | -$23.94M |
KBDC Kayne Anderson BDC | 10-K2025-12-31 | $2.22B | 288 | +5.70% | 92.5% | 9.70% | -$5.78M |
SLRC SLR Investment | 10-K2025-12-31 | $2.12B | 107 | +6.49% | 54.6% | 9.79% | -$29.93M |
CSWC Capital Southwest | 10-Q2025-12-31 | $2.05B | 427 | +6.86% | 86.4% | 10.78% | +$16.04M |
CION CION Investment | 10-K2025-12-31 | $1.89B | 239 | +6.96% | 73.1% | 7.77% | -$55.01M |
OBDCII Blue Owl Capital Corp II | 10-K2025-12-31 | $1.58B | 284 | +5.45% | 77.5% | — | -$27.92M |
TCPC BlackRock TCP Capital | 10-K2025-12-31 | $1.53B | 324 | +6.64% | 80.3% | 10.36% | -$144.72M |
CCAP Crescent Capital BDC | 10-K2025-12-31 | $1.51B | 599 | +5.13% | 22.3% | 9.25% | -$34.58M |
MSIF MSC Income Fund | 10-K2025-12-31 | $1.34B | 445 | +6.52% | 76.0% | 10.80% | +$90.95M |
FDUS Fidus Investment | 10-K2025-12-31 | $1.30B | 237 | +6.05% | 76.9% | — | +$14.41M |
GAIN Gladstone Investment | 10-Q2025-12-31 | $1.22B | 64 | +8.60% | 0.0% | 12.91% | +$163.89M |
PNNT PennantPark Investment | 10-Q2025-12-31 | $1.22B | 464 | +7.50% | 40.0% | 10.44% | -$6.73M |
SCM Stellus Capital | 10-K2025-12-31 | $1.01B | 390 | +5.88% | 3.5% | 10.73% | -$15.12M |
SAR Saratoga Investment | 10-Q2025-11-30 | $997.45M | 130 | — | 88.3% | 6.64% | -$17.00M |
RWAY Runway Growth Finance | 10-K2025-12-31 | $927.35M | 113 | +6.44% | 92.1% | 8.38% | -$52.05M |
GLAD Gladstone Capital | 10-Q2025-12-31 | $895.04M | 104 | +7.64% | 0.3% | — | -$23.27M |
TPVG TriplePoint Venture Growth | 10-K2025-12-31 | $783.54M | 300 | +4.37% | 0.0% | 6.36% | -$36.82M |
HRZN Horizon Technology Finance | 10-K2025-12-31 | $596.02M | 142 | +3.90% | 0.0% | — | -$6.46M |
WHF WhiteHorse Finance | 10-K2025-12-31 | $578.65M | 136 | +6.48% | 71.2% | 10.20% | -$28.93M |
PTMN Portman Ridge Finance | 10-K2025-12-31 | $500.98M | 190 | +6.56% | 68.7% | 10.47% | -$64.86M |
OFS OFS Capital | 10-K2025-12-31 | $342.02M | 104 | +6.33% | 49.8% | 11.97% | +$13.62M |
MRCC Monroe Capital | 10-K2025-12-31 | $334.86M | 279 | +6.75% | 80.8% | 9.92% | -$38.61M |
GECC Great Elm Capital | 10-K2025-12-31 | $331.07M | 91 | +6.98% | 42.2% | 9.13% | -$63.11M |
Holdings extracted from iXBRL inline-tagged data in each BDC's 10-K, 10-Q and N-CSRS filings. Rollup rows (issuer-level parent tranches) are excluded from all computed metrics.