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 $400M 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 Capital Corporation⚠ unreconciledAres Management · matched: name | 2026-03-31 | $100M | 0.3% |
| Oaktree Strategic Credit FundOaktree · matched: name | 2026-03-31 | $84M | 1.2% |
| Ares Strategic Income FundAres Management · matched: name | 2026-03-31 | $69M | 0.3% |
| Oaktree Gardens Olp, LLCOaktree · matched: name | 2026-03-31 | $41M | 4.4% |
| Oaktree Specialty Lending Corp⚠ unreconciledOaktree · matched: name | 2026-03-31 | $29M | 0.9% |
| Cliffwater Enhanced Lending FundCliffwater · matched: name | 2026-03-31 | $28M | 0.4% |
| Calamos Aksia Alternative Credit & Income FundCalamos · matched: name | 2026-03-31 | $19M | 1.8% |
| SLR Investment Corp.SLR · matched: name | 2026-03-31 | $16M | 0.7% |
| First Eagle Credit Opportunities FundFirst Eagle · matched: name | 2026-03-31 | $8M | 1.1% |
| SLR HC BDC LLC⚠ unreconciledSLR · matched: name | 2026-03-31 | $2M | 2.2% |
| Callodine Specialy Income FundCallodine · matched: name | 2026-03-31 | $2M | 2.5% |
| Oaktree Diversified Income Fund Inc.⚠ unreconciledOaktree · matched: name | 2026-03-31 | $2M | 0.6% |
| SLR Private Credit BDC II LLCSLR · matched: name | 2026-03-31 | $1M | 1.6% |
The range across reported debt positions in the same borrower — fair value over amortized cost as filed — for 8 funds holding it in Q1'26.
8 funds · 8 positions · Q1'26
Instrument stated on 4 of 8 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 |
|---|---|---|---|---|
| Ares Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | — | $100M | 100.0% | Unstressed |
| Oaktree Specialty Lending Corp⚠ unreconciledmatched: name · 2026-03-31 | — | $29M | 100.3% | Unstressed |
| Oaktree Strategic Credit Fundmatched: name · 2026-03-31 | — | $84M | 100.3% | Unstressed |
| Oaktree Gardens Olp, LLCmatched: name · 2026-03-31 | First Lien Term Loan First lien | $41M | 100.3% | Unstressed |
| SLR HC BDC LLC⚠ unreconciledmatched: name · 2026-03-31 | Bank Debt/Senior Secured Loans Other debt | $2M | 101.3% | Unstressed |
| SLR Investment Corp.matched: name · 2026-03-31 | Senior Secured Loans Other debt | $16M | 101.3% | Unstressed |
| SLR Private Credit BDC II LLCmatched: name · 2026-03-31 | Bank Debt/Senior Secured Loans 242.8% Other debt | $1M | 101.3% | Unstressed |
| Ares Strategic Income Fundmatched: name · 2026-03-31 | — | $69M | 102.3% | 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.