Borrower record · Q2 2026
Model N
As filed by 12 BDCs · period end 30 June 2026Filers label it: Life Sciences Tools & Services (5), Healthcare (4), Software & Services (3)
12 lenders report $236.0m of Model N at Q2 2026, marked at par. Two of the 34 positions pay interest in kind, the largest at 300bp.
- Filed fair value
- $236.0m
- 26 funded positions
- Reporting lenders
- 12
- across 34 filed positions
- Aggregate mark
- 99.6c
- covers 76% of positions with a filed cost
- Median spread
- 475bp
- over SOFR, 25 tranches
- Maturities to
- 2031
- earliest June 2031
- Periods on record
- 5
- first filed Q2 2025
How this total is counted
- Every figure above is the sum of 26 funded positions filed by 12 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.
- 8 filed positions carry no positive fair value — unfunded or written off — and are outside every figure above.
Pricing as filed
25 floating tranches · SOFRBar length is the number of tranches filed at that spread. The accented row holds the median tranche.
476bp weighted by fair value, across the same 25 tranches.
6 tranches carry an index floor of 0.8%.
Capital structure
First-Lien Senior Secured, on all 20 positions whose seniority a filer disclosed.
6 of 26 funded positions carry no filed seniority. Whether to classify is the filer's choice, so the unclassified value is not split here.
Rate structure
Floating, on all 25 positions whose interest type a filer disclosed.
1 of 26 funded positions carries no filed interest type.
Maturity profile
all 26 funded positions dated4.9 years to maturity, weighted by fair value across the 26 dated positions.
Where the lenders disagree
12 filers disclosed a costLender marks on the same debt differ by up to 0.3c.
Credit flags
Not in the filings
- No sector. The filers' industry labels for Model N do not agree at NAICS sector level, so the ones two or more of them filed are shown above as filed.
- No period-by-period totals across the 5 periods on record. A single filer is separable somewhere in that history — at a period only one of them reported, or in the difference between two — so the series would give up that filer's position.
- No filed seniority on 6 of 26 funded positions.
- No filed cost on 24% of positions, which the aggregate mark therefore excludes.
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Who holds it, and where they mark it.
12 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
- Peer comparison against borrowers with the same lenders
- The 10-Q or 10-K behind every row, by accession number
Every filing behind this page
12 filers · Q2 2026| Filer | CIK | Form | Period | Filed | Accession |
|---|---|---|---|---|---|
| FS KKR Capital Corp (FSK) | 0001422183 | 10-Q | 2026-06-30 | 2026-08-06 | 0001628280-26-053783 |
| KKR FS Income Trust | 0001930679 | 10-Q | 2026-06-30 | 2026-08-12 | 0001628280-26-056131 |
| KKR FS Income Trust Select | 0001975736 | 10-Q | 2026-06-30 | 2026-08-12 | 0001628280-26-056136 |
| LGAM Private Credit LLC | 0001983514 | 10-Q | 2026-06-30 | 2026-08-11 | 0001193125-26-344644 |
| Morgan Stanley Direct Lending Fund (MSDL) | 0001782524 | 10-Q | 2026-06-30 | 2026-08-06 | 0001193125-26-337915 |
| New Mountain Finance Corporation (NMFC) | 0001496099 | 10-Q | 2026-06-30 | 2026-08-03 | 0001496099-26-000029 |
| New Mountain Guardian IV BDC, L.L.C. | 0001925531 | 10-Q | 2026-06-30 | 2026-08-11 | 0001925531-26-000014 |
| New Mountain Guardian IV Income Fund, L.L.C. | 0001976719 | 10-Q | 2026-06-30 | 2026-08-12 | 0001976719-26-000020 |
| NMF SLF I, Inc. | 0001766037 | 10-Q | 2026-06-30 | 2026-08-12 | 0001766037-26-000013 |
| North Haven Private Income Fund A LLC | 0001973476 | 10-Q | 2026-06-30 | 2026-08-10 | 0001193125-26-342387 |
| North Haven Private Income Fund LLC | 0001851322 | 10-Q | 2026-06-30 | 2026-08-10 | 0001193125-26-342549 |
| T Series BDC LLC | 0001885968 | 10-Q | 2026-06-30 | 2026-08-11 | 0001193125-26-344703 |
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