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 $510M 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 |
|---|---|---|---|
| FS KKR Capital Corp.⚠ unreconciledKKR · matched: via name | 2026-03-31 | $215M | 1.2% |
| PIMCO Flexible Credit Income Fund⚠ unreconciledPacific · matched: CUSIP | 2026-03-31 | $85M | 2.0% |
| Blue Owl Technology Finance Corp.Blue Owl · matched: via name | 2026-03-31 | $60M | 0.4% |
| Blackstone Private Credit Fund⚠ unreconciledBlackstone · matched: via name | 2026-03-31 | $60M | 0.1% |
| Blue Owl Capital Corporation⚠ unreconciledBlue Owl · matched: via name | 2026-03-31 | $43M | 0.2% |
| Blue Owl Capital Corp IIBlue Owl · matched: via name | 2026-03-31 | $10M | 1.1% |
| Palmer Square Capital BDC Inc.Palmer Square · matched: via name | 2026-03-31 | $9M | 0.8% |
| Franklin BSP Capital Corp⚠ unreconciledFranklin BSP · matched: via name | 2026-03-31 | $7M | 0.1% |
| T. Rowe Price Oha Select Private Credit FundOha Private Credit Advisors LLC · matched: via name | 2026-03-31 | $7M | 0.2% |
| Antares Strategic Credit FundAntares Capital · matched: via name | 2026-03-31 | $4M | 0.1% |
| Blue Owl Credit Income Corp.Blue Owl · matched: via name | 2026-03-31 | $3M | <0.1% |
| T. Rowe Price OHA Flexible Credit Income FundOha Private Credit Advisors LLC · matched: CUSIP | 2026-03-31 | $3M | 1.3% |
| Invesco Dynamic Credit Opportunity Fund⚠ unreconciledInvesco · matched: CUSIP | 2026-02-28 | $1M | 0.4% |
The range across reported debt positions in the same borrower — fair value over amortized cost as filed — for 10 funds holding it in Q1'26.
10 funds · 16 positions · Q1'26
Instrument stated on 4 of 16 positions (25%). 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 |
|---|---|---|---|---|
| T. Rowe Price Oha Select Private Credit Fundmatched: via name · 2026-03-31 | — | $4M | 68.7% | Deep stress |
| Palmer Square Capital BDC Inc.matched: via name · 2026-03-31 | — | $2M | 71.7% | Deep stress |
| Blue Owl Credit Income Corp.matched: via name · 2026-03-31 | Second lien senior secured loan Second lien | $3M | 72.0% | Deep stress |
| Blue Owl Capital Corp IImatched: via name · 2026-03-31 | Second lien senior secured loan Second lien | $10M | 72.0% | Deep stress |
| Blue Owl Technology Finance Corp.matched: via name · 2026-03-31 | Second lien senior secured loan Second lien | $60M | 72.0% | Deep stress |
| Blackstone Private Credit Fund⚠ unreconciledmatched: via name · 2026-03-31 | — | $31M | 72.9% | Deep stress |
| FS KKR Capital Corp.⚠ unreconciledmatched: via name · 2026-03-31 | — | $93M | 73.8% | Deep stress |
| Blue Owl Capital Corporation⚠ unreconciledmatched: via name · 2026-03-31 | Second lien senior secured loan Second lien | $43M | 74.7% | Deep stress |
| T. Rowe Price Oha Select Private Credit Fundmatched: via name · 2026-03-31 | — | $2M | 74.8% | Deep stress |
| FS KKR Capital Corp.⚠ unreconciledmatched: via name · 2026-03-31 | — | $122M | 74.9% | Deep stress |
| Blackstone Private Credit Fund⚠ unreconciledmatched: via name · 2026-03-31 | — | $7M | 85.5% | Stress |
| Palmer Square Capital BDC Inc.matched: via name · 2026-03-31 | — | $7M | 85.6% | Stress |
| Antares Strategic Credit Fundmatched: via name · 2026-03-31 | — | $4M | 85.6% | Stress |
| Blackstone Private Credit Fund⚠ unreconciledmatched: via name · 2026-03-31 | — | $17M | 85.7% | Stress |
| Blackstone Private Credit Fund⚠ unreconciledmatched: via name · 2026-03-31 | — | $4M | 86.1% | Stress |
| Franklin BSP Capital Corp⚠ unreconciledmatched: via name · 2026-03-31 | — | $7M | 87.2% | Stress |
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.