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 $873M 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 |
|---|---|---|---|
| Blue Owl Credit Income Corp.Blue Owl · matched: name | 2026-03-31 | $210M | 0.6% |
| HPS Corporate Lending FundHPS Investment Partners · matched: name | 2026-03-31 | $175M | 0.7% |
| Blackstone Private Credit Fund⚠ unreconciledBlackstone · matched: name | 2026-03-31 | $152M | 0.2% |
| Blue Owl Technology Finance Corp.Blue Owl · matched: name | 2026-03-31 | $53M | 0.3% |
| Oaktree Strategic Credit FundOaktree · matched: name | 2026-03-31 | $53M | 0.8% |
| Goldman Sachs Private Credit Corp.⚠ unreconciledGoldman Sachs · matched: name | 2026-03-31 | $50M | 0.3% |
| Blue Owl Technology Income Corp.Blue Owl · matched: name | 2026-03-31 | $43M | 0.8% |
| Ares Capital Corporation⚠ unreconciledAres Management · matched: name | 2026-03-31 | $41M | 0.1% |
| Ares Strategic Income FundAres Management · matched: name | 2026-03-31 | $30M | 0.1% |
| Golub Capital Private Credit FundGolub Capital · matched: name | 2026-03-31 | $17M | 0.2% |
| Blue Owl Capital Corporation⚠ unreconciledBlue Owl · matched: name | 2026-03-31 | $16M | 0.1% |
| Golub Capital BDC 4, Inc.Golub Capital · matched: name | 2026-03-31 | $10M | 0.4% |
| Antares Private Credit FundAntares Capital · matched: name | 2026-03-31 | $8M | 0.5% |
| Golub Capital BDCGolub Capital · matched: name | 2026-03-31 | $8M | 0.1% |
| Golub Capital Direct Lending CorpGolub Capital · matched: name | 2026-03-31 | $5M | 0.6% |
| Blackstone Secured LendingBlackstone · matched: name | 2026-03-31 | $1M | <0.1% |
| Golub Capital Direct Lending Unlevered CorpGolub Capital · matched: name | 2026-03-31 | $1M | 0.3% |
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 · 58 positions · Q1'26
Instrument stated on 3 of 58 positions (5%). 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 |
|---|---|---|---|---|
| Antares Private Credit Fundmatched: name · 2026-03-31 | — | $3M | 98.7% | Unstressed |
| Golub Capital Direct Lending Corpmatched: name · 2026-03-31 | — | $0M | 99.2% | Unstressed |
| Antares Private Credit Fundmatched: name · 2026-03-31 | — | $2M | 99.3% | Unstressed |
| Goldman Sachs Private Credit Corp.⚠ unreconciledmatched: name · 2026-03-31 | — | $3M | 99.3% | Unstressed |
| Goldman Sachs Private Credit Corp.⚠ unreconciledmatched: name · 2026-03-31 | — | $3M | 99.4% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $13M | 99.4% | Unstressed |
| Oaktree Strategic Credit Fundmatched: name · 2026-03-31 | — | $3M | 99.4% | Unstressed |
| Golub Capital BDC 4, Inc.matched: name · 2026-03-31 | — | $0M | 99.4% | Unstressed |
| Golub Capital Private Credit Fundmatched: name · 2026-03-31 | — | $1M | 99.5% | Unstressed |
| Golub Capital BDCmatched: name · 2026-03-31 | — | $1M | 99.5% | Unstressed |
| Golub Capital BDCmatched: name · 2026-03-31 | — | $0M | 99.5% | Unstressed |
| Golub Capital Direct Lending Corpmatched: name · 2026-03-31 | — | $0M | 99.7% | Unstressed |
| Oaktree Strategic Credit Fundmatched: name · 2026-03-31 | — | $3M | 99.8% | Unstressed |
| Golub Capital Private Credit Fundmatched: name · 2026-03-31 | — | $1M | 99.8% | Unstressed |
| Golub Capital Private Credit Fundmatched: name · 2026-03-31 | — | $1M | 99.8% | Unstressed |
| Golub Capital BDCmatched: name · 2026-03-31 | — | $1M | 99.9% | Unstressed |
| Golub Capital BDC 4, Inc.matched: name · 2026-03-31 | — | $1M | 99.9% | Unstressed |
| Golub Capital Direct Lending Corpmatched: name · 2026-03-31 | — | $0M | 100.0% | Unstressed |
| Golub Capital Direct Lending Unlevered Corpmatched: name · 2026-03-31 | — | $0M | 100.0% | Unstressed |
| Golub Capital Direct Lending Unlevered Corpmatched: name · 2026-03-31 | — | $0M | 100.0% | Unstressed |
| Golub Capital Direct Lending Unlevered Corpmatched: name · 2026-03-31 | — | $0M | 100.0% | Unstressed |
| Golub Capital BDC 4, Inc.matched: name · 2026-03-31 | — | $0M | 100.0% | Unstressed |
| Ares Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | — | $34M | 100.0% | Unstressed |
| Ares Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | — | $7M | 100.0% | Unstressed |
| Blue Owl Technology Finance Corp.matched: name · 2026-03-31 | — | $36M | 100.1% | Unstressed |
| Blue Owl Credit Income Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $140M | 100.3% | Unstressed |
| Blue Owl Technology Income Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $28M | 100.3% | Unstressed |
| Oaktree Strategic Credit Fundmatched: name · 2026-03-31 | — | $4M | 100.6% | Unstressed |
| Goldman Sachs Private Credit Corp.⚠ unreconciledmatched: name · 2026-03-31 | — | $23M | 100.6% | Unstressed |
| Blue Owl Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | First lien senior secured loan First lien | $11M | 100.6% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $48M | 100.6% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $5M | 100.7% | Unstressed |
| Blackstone Secured Lendingmatched: name · 2026-03-31 | — | $1M | 100.7% | Unstressed |
| Goldman Sachs Private Credit Corp.⚠ unreconciledmatched: name · 2026-03-31 | — | $4M | 100.8% | Unstressed |
| Oaktree Strategic Credit Fundmatched: name · 2026-03-31 | — | $25M | 100.9% | Unstressed |
| Blackstone Secured Lendingmatched: name · 2026-03-31 | — | $0M | 101.0% | Unstressed |
| Golub Capital Direct Lending Corpmatched: name · 2026-03-31 | — | $2M | 101.1% | Unstressed |
| Golub Capital BDCmatched: name · 2026-03-31 | — | $3M | 101.1% | Unstressed |
| Golub Capital Direct Lending Unlevered Corpmatched: name · 2026-03-31 | — | $0M | 101.2% | Unstressed |
| Golub Capital Private Credit Fundmatched: name · 2026-03-31 | — | $8M | 101.3% | Unstressed |
| Ares Strategic Income Fundmatched: name · 2026-03-31 | — | $21M | 101.3% | Unstressed |
| Golub Capital BDC 4, Inc.matched: name · 2026-03-31 | — | $5M | 101.3% | Unstressed |
| Antares Private Credit Fundmatched: name · 2026-03-31 | — | $3M | 104.4% | Unstressed |
| Blue Owl Technology Finance Corp.matched: name · 2026-03-31 | — | $18M | 107.1% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $86M | 109.4% | Unstressed |
| Blue Owl Credit Income Corp.matched: name · 2026-03-31 | — | $70M | 109.5% | Unstressed |
| Blue Owl Technology Income Corp.matched: name · 2026-03-31 | — | $14M | 109.5% | Unstressed |
| Oaktree Strategic Credit Fundmatched: name · 2026-03-31 | — | $18M | 109.7% | Unstressed |
| Ares Strategic Income Fundmatched: name · 2026-03-31 | — | $9M | 110.2% | Unstressed |
| Goldman Sachs Private Credit Corp.⚠ unreconciledmatched: name · 2026-03-31 | — | $17M | 110.2% | Unstressed |
| Blackstone Secured Lendingmatched: name · 2026-03-31 | — | $0M | 110.5% | Unstressed |
| Golub Capital BDC 4, Inc.matched: name · 2026-03-31 | — | $4M | 110.5% | Unstressed |
| Golub Capital Direct Lending Corpmatched: name · 2026-03-31 | — | $2M | 110.5% | Unstressed |
| Golub Capital BDCmatched: name · 2026-03-31 | — | $2M | 110.8% | Unstressed |
| Golub Capital Private Credit Fundmatched: name · 2026-03-31 | — | $6M | 111.0% | Unstressed |
| Blue Owl Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | — | $5M | 111.0% | Unstressed |
| Golub Capital Direct Lending Unlevered Corpmatched: name · 2026-03-31 | — | $0M | 111.1% | Unstressed |
| HPS Corporate Lending Fundmatched: name · 2026-03-31 | — | $72M | 111.3% | 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.