Trends
Portfolio metrics over time across the top-5 BDCs. Computed from every ingested 10-K / 10-Q Schedule of Investments — useful for watching spread compression and whether BDCs are moving up or down the risk spectrum.
266 filings · 2023-06-30 → 2025-12-31
Total portfolio fair value
Per BDC, across all ingested filings
Weighted average spread
FV-weighted across debt holdings (basis points over reference rate)
% First lien
Share of portfolio fair value in first-lien senior secured debt