Identity band
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, which inflates these figures, or one company split across spellings, which deflates them. The two are close enough in size to partly cancel in aggregate and they do not cancel for any single borrower. So figures built on it — crowding, overlap, the manager complex — are estimates with a measured band, not exact counts and not floors. 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 $151M 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 | $37M | 0.2% |
| Blue Owl Technology Finance Corp.Blue Owl · matched: via name | 2026-03-31 | $35M | 0.2% |
| Blue Owl Credit Income Corp.Blue Owl · matched: via name | 2026-03-31 | $32M | 0.1% |
| New Mountain Finance Corp⚠ unreconciledNew Mountain · matched: via name | 2026-03-31 | $14M | 0.4% |
| Blue Owl Technology Income Corp.Blue Owl · matched: via name | 2026-03-31 | $7M | 0.1% |
| New Mountain Private Credit Fund⚠ unreconciledNew Mountain · matched: via name | 2026-03-31 | $6M | 0.3% |
| Palmer Square Capital BDC Inc.Palmer Square · matched: via name | 2026-03-31 | $6M | 0.5% |
| Blackrock Private Credit FundBlackRock · matched: via name | 2026-03-31 | $5M | 0.2% |
| Oaktree Specialty Lending Corp⚠ unreconciledOaktree · matched: via name | 2026-03-31 | $4M | 0.1% |
| Blackstone Private Credit Fund⚠ unreconciledBlackstone · matched: via name | 2026-03-31 | $3M | <0.1% |
| New Mountain Guardian IV BDC, L.L.C.New Mountain · matched: via name | 2026-03-31 | $1M | 0.1% |
| Saratoga Investment Corp.⚠ unreconciledSaratoga Investment · matched: via name | 2026-02-28 | $1M | <0.1% |
| New Mountain Guardian IV Income Fund, L.L.C.New Mountain · matched: via name | 2026-03-31 | $0M | 0.1% |
| Lord Abbett Floating Rate High Income Fundmatched: CUSIP | 2024-12-31 | $0M | 0.8% |
The range across reported debt positions in the same borrower — fair value over amortized cost as filed — for 12 funds holding it in Q1'26.
12 funds · 20 positions · Q1'26
Instrument stated on 10 of 20 positions (50%).
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 |
|---|---|---|---|---|
| Blue Owl Credit Income Corp.matched: via name · 2026-03-31 | First lien senior secured loan First lien | $15M | 95.8% | Unstressed |
| New Mountain Finance Corp⚠ unreconciledmatched: via name · 2026-03-31 | — | $5M | 96.3% | Unstressed |
| New Mountain Private Credit Fund⚠ unreconciledmatched: via name · 2026-03-31 | — | $1M | 96.4% | Unstressed |
| Blue Owl Technology Income Corp.matched: via name · 2026-03-31 | First lien senior secured loan First lien | $6M | 96.5% | Unstressed |
| Blue Owl Technology Finance Corp.matched: via name · 2026-03-31 | First lien senior secured loan First lien | $1M | 97.0% | Unstressed |
| Ares Strategic Income Fundmatched: via name · 2026-03-31 | — | $35M | 97.1% | Unstressed |
| Blackrock Private Credit Fundmatched: via name · 2026-03-31 | — | $5M | 97.2% | Unstressed |
| Blue Owl Credit Income Corp.matched: via name · 2026-03-31 | First lien senior secured loan First lien | $17M | 97.2% | Unstressed |
| Blue Owl Technology Finance Corp.matched: via name · 2026-03-31 | First lien senior secured loan First lien | $34M | 97.3% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: via name · 2026-03-31 | — | $3M | 97.4% | Unstressed |
| Blue Owl Technology Income Corp.matched: via name · 2026-03-31 | First lien senior secured loan First lien | $1M | 97.5% | Unstressed |
| Palmer Square Capital BDC Inc.matched: via name · 2026-03-31 | — | $6M | 97.7% | Unstressed |
| Oaktree Specialty Lending Corp⚠ unreconciledmatched: via name · 2026-03-31 | — | $4M | 98.2% | Unstressed |
| New Mountain Private Credit Fund⚠ unreconciledmatched: via name · 2026-03-31 | — | $4M | 98.5% | Unstressed |
| New Mountain Finance Corp⚠ unreconciledmatched: via name · 2026-03-31 | — | $7M | 98.8% | Unstressed |
| Ares Strategic Income Fundmatched: via name · 2026-03-31 | — | $2M | 100.1% | Unstressed |
| New Mountain Guardian IV Income Fund, L.L.C.matched: via name · 2026-03-31 | First Lien First lien | $0M | 103.9% | Unstressed |
| New Mountain Guardian IV BDC, L.L.C.matched: via name · 2026-03-31 | First Lien First lien | $1M | 103.9% | Unstressed |
| New Mountain Private Credit Fund⚠ unreconciledmatched: via name · 2026-03-31 | First Lien First lien | $1M | 104.0% | Unstressed |
| New Mountain Finance Corp⚠ unreconciledmatched: via name · 2026-03-31 | First lien First lien | $2M | 104.0% | 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.