Borrower record · Q2 2026
FirstUp
As filed by 4 BDCs · period end 30 June 2026NAICS 51 · Information
Four lenders report $26.5m of FirstUp at Q2 2026, marked at 92.8 cents. One of them has stopped accruing interest on one position.
- Filed fair value
- $26.5m
- 10 funded positions
- Reporting lenders
- 4
- across 14 filed positions
- Aggregate mark
- 92.8c
- covers 71% of positions with a filed cost
- Median spread
- 675bp
- over SOFR, 8 tranches
- Maturities to
- 2027
- earliest July 2027
- Periods on record
- 5
- Q2 2025 → Q2 2026
How this total is counted
- Every figure above is the sum of 10 funded positions filed by 4 BDCs, each one cited below.
- Counted from the Q2 2026 filings imported for this build, the latest of them filed 20 August 2026. A schedule filed after that date is not in these figures and will appear when the property is rebuilt.
- 4 filed positions carry no positive fair value — unfunded or written off — and are outside every figure above.
Pricing as filed
8 floating tranches · SOFR675bp on all 8 floating tranches — every filer reports the same spread.
6 tranches carry an index floor of 1%.
Capital structure
Bars show position counts. 2 of 10 funded positions carry no filed seniority.
Rate structure
Floating, on all 8 positions whose interest type a filer disclosed.
2 of 10 funded positions carry no filed interest type.
Maturity profile
8 of 10 funded positions dated · counts only1.0 years to maturity, weighted by fair value across the 8 dated positions.
Where the lenders disagree
4 filers disclosed a costLender marks on the same debt differ by up to 1.8c.
Filed over time
5 periods · aggregate onlyFiled fair value
Aggregate marknot to zero
Q2 2025, Q3 2025, Q4 2025, Q1 2026, Q2 2026 — every filer reporting the borrower at each period, aggregated. No lender is separated out at any period.
Credit flags
Not in the filings
- No values on the capital structure — position counts only. With 4 lenders reporting, splitting the total along that dimension would give up a per-lender figure that sits behind the gate.
- No filed seniority on 2 of 10 funded positions.
- No maturity on 2 of 10 funded positions. Undated is left undated, not assumed.
- No filed cost on 29% of positions, which the aggregate mark therefore excludes.
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Who holds it, and where they mark it.
4 lenders hold the same credit and mark it differently. Behind the gate, one row each — for this borrower and for every other one on this site, free and with no limit on how many you read.
- The spread between the highest and lowest lender mark
- Quarter-on-quarter movement across 5 periods
- Which lender is on non-accrual, and which are not
- The 10-Q or 10-K behind every row, by accession number
Every filing behind this page
4 filers · Q2 2026| Filer | CIK | Form | Period | Filed | Accession |
|---|---|---|---|---|---|
| BlackRock Direct Lending Corp. | 0001834543 | 10-Q | 2026-06-30 | 2026-08-06 | 0001193125-26-337958 |
| BlackRock Private Credit Fund (BPCF) | 0001902649 | 10-Q | 2026-06-30 | 2026-08-06 | 0001193125-26-338073 |
| BlackRock TCP Capital Corp. (TCPC) | 0001370755 | 10-Q | 2026-06-30 | 2026-08-06 | 0001193125-26-336794 |
| Golub Capital BDC, Inc. (GBDC) | 0001476765 | 10-Q | 2026-06-30 | 2026-08-03 | 0001476765-26-000048 |
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