Identity floor
Borrower identity here is a normalised-name match — the majority join in the private-credit books, with roughly 10% measured error in each direction (two companies fused into one, or one company split across spellings). Figures built on it — crowding, overlap, the manager complex — are floors, not exact counts. How this is measured →
Fair value and share of that fund's resolved holdings book, each at the fund's own most recent reported period — the as-of column, because the holders of one company do not file on one date. The bar under each fair value is that fund's share of the $296M combined total across every holder — a different denominator from the share-of-book column — so one dominant lender vs an even syndicate is visible without reading the dollar figures.
| Fund | As of | Fair value | Share of book |
|---|---|---|---|
| Apollo Debt Solutions BDCApollo · matched: via name | 2026-03-31 | $85M | 0.3% |
| Goldman Sachs Private Credit Corp.⚠ unreconciledGoldman Sachs · matched: via name | 2026-03-31 | $73M | 0.5% |
| Blackstone Private Credit Fund⚠ unreconciledBlackstone · matched: via name | 2026-03-31 | $32M | <0.1% |
| Golub Capital Private Credit FundGolub Capital · matched: via name | 2026-03-31 | $19M | 0.2% |
| Ares Strategic Income FundAres Management · matched: via name | 2026-03-31 | $17M | 0.1% |
| Franklin BSP Capital Corp⚠ unreconciledFranklin BSP · matched: via name | 2026-03-31 | $13M | 0.2% |
| Apollo Diversified Credit Fund⚠ unreconciledApollo · matched: CUSIP | 2026-03-31 | $10M | 0.6% |
| Blue Owl Credit Income Corp.Blue Owl · matched: via name | 2026-03-31 | $9M | <0.1% |
| T. Rowe Price Oha Select Private Credit FundOha Private Credit Advisors LLC · matched: via name | 2026-03-31 | $7M | 0.3% |
| Antares Strategic Credit FundAntares Capital · matched: via name | 2026-03-31 | $6M | 0.1% |
| Palmer Square Capital BDC Inc.Palmer Square · matched: via name | 2026-03-31 | $5M | 0.4% |
| Antares Private Credit FundAntares Capital · matched: via name | 2026-03-31 | $5M | 0.3% |
| Oaktree Specialty Lending Corp⚠ unreconciledOaktree · matched: via name | 2026-03-31 | $3M | 0.1% |
| GoldenTree Opportunistic Credit Fund⚠ unreconciledGoldenTree · matched: CUSIP | 2026-03-31 | $2M | 0.9% |
| Franklin BSP Lending FundFranklin Templeton FUND Adviser · matched: CUSIP | 2026-03-31 | $2M | 0.7% |
| Blackrock Private Credit FundBlackRock · matched: via name | 2026-03-31 | $2M | 0.1% |
| Crescent Private Credit Income CorpCrescent Capital · matched: via name | 2026-03-31 | $2M | 0.2% |
| AB Private Lending FundAB · matched: via name | 2026-03-31 | $1M | 0.3% |
| North Haven Private Income Fund A LLCMorgan Stanley · matched: via name | 2026-03-31 | $1M | 0.2% |
| Muzinich Corporate Lending Income Fund, Inc.⚠ unreconciledMuzinich · matched: via name | 2026-03-31 | $1M | 0.1% |
| Voya Credit Income FundVoya · matched: CUSIP | 2026-02-28 | $1M | 0.6% |
The range across reported debt positions in the same borrower — fair value over amortized cost as filed — for 17 funds holding it in Q1'26.
17 funds · 27 positions · Q1'26
Instrument stated on 3 of 27 positions (11%). With most positions untagged, the range above may reflect capital structure — a junior tranche marked down beside a senior one held whole — rather than funds disagreeing on this borrower.
Positions counted here filed a principal balance — the debt proxy used to find comparable marks, measured 82% precise as actual debt where an instrument label exists; the rest are equity or warrants filed with a principal amount.
| Fund | Instrument | Fair value | Mark | Band |
|---|---|---|---|---|
| North Haven Private Income Fund A LLCmatched: via name · 2026-03-31 | — | $1M | 91.6% | Watch |
| Blackstone Private Credit Fund⚠ unreconciledmatched: via name · 2026-03-31 | — | $14M | 91.8% | Watch |
| Franklin BSP Capital Corp⚠ unreconciledmatched: via name · 2026-03-31 | — | $9M | 92.2% | Watch |
| Antares Strategic Credit Fundmatched: via name · 2026-03-31 | — | $2M | 92.2% | Watch |
| Golub Capital Private Credit Fundmatched: via name · 2026-03-31 | — | $11M | 92.3% | Watch |
| Franklin BSP Capital Corp⚠ unreconciledmatched: via name · 2026-03-31 | — | $4M | 92.7% | Watch |
| Golub Capital Private Credit Fundmatched: via name · 2026-03-31 | — | $7M | 92.7% | Watch |
| Blackstone Private Credit Fund⚠ unreconciledmatched: via name · 2026-03-31 | — | $16M | 92.7% | Watch |
| Blackstone Private Credit Fund⚠ unreconciledmatched: via name · 2026-03-31 | — | $2M | 92.7% | Watch |
| Ares Strategic Income Fundmatched: via name · 2026-03-31 | — | $14M | 92.8% | Watch |
| Antares Strategic Credit Fundmatched: via name · 2026-03-31 | — | $3M | 93.0% | Watch |
| Blackrock Private Credit Fundmatched: via name · 2026-03-31 | — | $1M | 93.0% | Watch |
| Blackrock Private Credit Fundmatched: via name · 2026-03-31 | — | $1M | 93.1% | Watch |
| Antares Private Credit Fundmatched: via name · 2026-03-31 | — | $5M | 93.1% | Watch |
| Apollo Debt Solutions BDCmatched: via name · 2026-03-31 | — | $38M | 93.4% | Watch |
| Ares Strategic Income Fundmatched: via name · 2026-03-31 | — | $4M | 93.6% | Watch |
| AB Private Lending Fundmatched: via name · 2026-03-31 | US Corporate Debt Other debt | $1M | 94.4% | Watch |
| Goldman Sachs Private Credit Corp.⚠ unreconciledmatched: via name · 2026-03-31 | — | $5M | 94.5% | Watch |
| Goldman Sachs Private Credit Corp.⚠ unreconciledmatched: via name · 2026-03-31 | — | $69M | 94.7% | Watch |
| Blue Owl Credit Income Corp.matched: via name · 2026-03-31 | First lien senior secured loan First lien | $9M | 94.8% | Watch |
| Palmer Square Capital BDC Inc.matched: via name · 2026-03-31 | — | $5M | 94.8% | Watch |
| Apollo Debt Solutions BDCmatched: via name · 2026-03-31 | — | $47M | 94.9% | Watch |
| T. Rowe Price Oha Select Private Credit Fundmatched: via name · 2026-03-31 | — | $7M | 95.0% | Unstressed |
| Crescent Private Credit Income Corpmatched: via name · 2026-03-31 | — | $2M | 95.5% | Unstressed |
| Oaktree Specialty Lending Corp⚠ unreconciledmatched: via name · 2026-03-31 | — | $1M | 95.6% | Unstressed |
| Oaktree Specialty Lending Corp⚠ unreconciledmatched: via name · 2026-03-31 | First Lien Term Loan First lien | $2M | 95.7% | Unstressed |
| Muzinich Corporate Lending Income Fund, Inc.⚠ unreconciledmatched: via name · 2026-03-31 | — | $1M | 95.8% | Unstressed |
Source: AltsVault · SEC filings · as of 2026-01-01
AltsVault · SEC EDGAR public data · informational only, not investment advice. Reconciliation is marked per fund on each position row.