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 $233M 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 |
|---|---|---|---|
| Ares Strategic Income FundAres Management · matched: via name | 2026-03-31 | $59M | 0.3% |
| T. Rowe Price Oha Select Private Credit FundOha Private Credit Advisors LLC · matched: via name | 2026-03-31 | $51M | 1.7% |
| Apollo Debt Solutions BDCApollo · matched: via name | 2026-03-31 | $47M | 0.2% |
| PIMCO Flexible Credit Income Fund⚠ unreconciledPacific · matched: CUSIP | 2026-03-31 | $25M | 0.6% |
| Apollo Diversified Credit Fund⚠ unreconciledApollo · matched: CUSIP | 2026-03-31 | $10M | 0.6% |
| North Haven Private Income Fund LLCMorgan Stanley · matched: via name | 2026-03-31 | $9M | 0.1% |
| T. Rowe Price OHA Flexible Credit Income FundOha Private Credit Advisors LLC · matched: via name | 2026-03-31 | $8M | 3.1% |
| Midcap Financial Investment Corp⚠ unreconciledmatched: via name | 2026-03-31 | $7M | 0.2% |
| BlackRock HPS Credit Strategies Fund⚠ unreconciledBlackRock · matched: CUSIP | 2026-03-31 | $5M | 1.0% |
| Oha Senior Private Lending Fund (u) LLCmatched: via name | 2026-03-31 | $5M | 1.1% |
| Redwood Enhanced Income Corp.Redwood · matched: via name | 2025-09-30 | $4M | 1.2% |
| Blackrock Private Credit FundBlackRock · matched: via name | 2026-03-31 | $3M | 0.1% |
| Fidelity Multi-Strategy Credit FundFidelity · matched: CUSIP | 2026-03-31 | $0M | 0.2% |
The range across reported debt positions in the same borrower — fair value over amortized cost as filed — for 7 funds holding it in Q1'26.
7 funds · 11 positions · Q1'26
Instrument stated on 0 of 11 positions (0%). 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 |
|---|---|---|---|---|
| Oha Senior Private Lending Fund (u) LLCmatched: via name · 2026-03-31 | — | $5M | 78.3% | Deep stress |
| T. Rowe Price Oha Select Private Credit Fundmatched: via name · 2026-03-31 | — | $46M | 78.9% | Deep stress |
| North Haven Private Income Fund LLCmatched: via name · 2026-03-31 | — | $5M | 87.7% | Stress |
| Blackrock Private Credit Fundmatched: via name · 2026-03-31 | — | $3M | 88.3% | Stress |
| Midcap Financial Investment Corp⚠ unreconciledmatched: via name · 2026-03-31 | — | $7M | 88.7% | Stress |
| Apollo Debt Solutions BDCmatched: via name · 2026-03-31 | — | $47M | 88.8% | Stress |
| Ares Strategic Income Fundmatched: via name · 2026-03-31 | — | $59M | 89.6% | Stress |
| T. Rowe Price Oha Select Private Credit Fundmatched: via name · 2026-03-31 | — | $5M | 92.6% | Watch |
| North Haven Private Income Fund LLCmatched: via name · 2026-03-31 | — | $0M | 99.2% | Unstressed |
| North Haven Private Income Fund LLCmatched: via name · 2026-03-31 | — | $0M | 99.2% | Unstressed |
| North Haven Private Income Fund LLCmatched: via name · 2026-03-31 | — | $4M | 99.3% | 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.