BDC Breakdown

Institutional-quality analysis of Business Development Company portfolios

Loan-level holdings, fair value marks, yield spreads, and 8-quarter trends — free, no login

Compare BDCs

Ticker	Total Assets ▼	NAV/Share	NAV Chg	Leverage	Avg Mark	First Lien	Stressed	Coverage
ARCCAres Capital	$31.2B	$19.94	+0.6%	1.05x	98.8¢	91%	1.9%	—x
OBDCBlue Owl Capital	$17.2B	$14.81	-2.2%	1.18x	99.3¢	92%	3.7%	—x
BXSLBlackstone Sec Lending	$14.7B	$26.92	-1.7%	1.23x	99.1¢	100%	6.2%	—x
FSKFS KKR Capital	$13.7B	$20.89	-10.6%	1.25x	99.6¢	30%	2.1%	—x
GBDCGolub Capital BDC	$8.9B	$14.84	-1.3%	1.22x	—	—	—	0.93x
MAINMain Street Capital	$5.7B	$33.33	+4.1%	0.76x	98.9¢	99%	3.5%	—x
HTGCHercules Capital	$4.6B	$12.13	+5.0%	1.00x	—	—	—	—x
TSLXSixth Street Specialty	$3.4B	$16.98	-0.4%	1.04x	—	—	—	—x
NMFCNew Mountain Finance	$2.9B	$11.52	-7.5%	1.36x	—	—	—	—x
CGBDCarlyle Sec Lending	$2.8B	$16.26	-2.2%	1.22x	99.1¢	80%	4.3%	—x

Period ending 2025-12-31. NAV change is YoY. Avg Mark = FV-weighted debt mark (capped at 150%). Stressed = positions <90¢.

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Every loan, equity stake, and warrant extracted from SEC Schedule of Investments filings.

2,000+ positions per BDC

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Cents-on-dollar valuations for each position — the critical metric credit analysts track.

Updated quarterly

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Weighted average spread, first lien %, PIK income, non-accruals — all computed from holdings.

FV-weighted calculations