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 $1.4B 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 | $515M | 1.4% |
| Blue Owl Technology Finance Corp.Blue Owl · matched: name | 2026-03-31 | $130M | 0.8% |
| Blue Owl Capital Corporation⚠ unreconciledBlue Owl · matched: name | 2026-03-31 | $118M | 0.6% |
| Diameter Credit CoDiameter · matched: name | 2026-03-31 | $92M | 3.2% |
| Golub Capital Private Credit FundGolub Capital · matched: name | 2026-03-31 | $89M | 0.9% |
| Carlyle Tactical Private Credit Fund⚠ unreconciledCarlyle · matched: name | 2026-03-31 | $59M | 1.3% |
| Blue Owl Technology Income Corp.Blue Owl · matched: name | 2026-03-31 | $49M | 0.9% |
| North Haven Private Income Fund LLCMorgan Stanley · matched: name | 2026-03-31 | $47M | 0.7% |
| Carlyle Credit Solutions, Inc.Carlyle · matched: name | 2026-03-31 | $46M | 1.7% |
| Carlyle Secured Lending, Inc.⚠ unreconciledCarlyle · matched: name | 2026-03-31 | $46M | 1.3% |
| Morgan Stanley Direct Lending Fund⚠ unreconciledMorgan Stanley · matched: name | 2026-03-31 | $41M | 1.0% |
| T. Rowe Price Oha Select Private Credit FundOha Private Credit Advisors LLC · matched: name | 2026-03-31 | $40M | 1.4% |
| Jefferies Credit Partners BDC Inc.Jefferies Credit · matched: name | 2026-03-31 | $36M | 2.0% |
| Golub Capital BDC 4, Inc.Golub Capital · matched: name | 2026-03-31 | $16M | 0.6% |
| North Haven Private Income Fund A LLCMorgan Stanley · matched: name | 2026-03-31 | $13M | 2.2% |
| Blue Owl Capital Corp IIBlue Owl · matched: name | 2026-03-31 | $11M | 1.2% |
| Senior Credit Investments, LLCJefferies Credit · matched: name | 2026-03-31 | $10M | 1.7% |
| Lgam Private Credit LLCMorgan Stanley · matched: name | 2026-03-31 | $9M | 1.8% |
| Palmer Square Capital BDC Inc.Palmer Square · matched: name | 2026-03-31 | $9M | 0.8% |
| Apollo Diversified Credit Fund⚠ unreconciledApollo · matched: name | 2026-03-31 | $9M | 0.6% |
| Oha Senior Private Lending Fund (u) LLCmatched: name | 2026-03-31 | $6M | 1.4% |
| Lord Abbett Flexible Income FundLord Abbett · matched: name | 2026-03-31 | $3M | 1.3% |
| Golub Capital Direct Lending Unlevered CorpGolub Capital · matched: name | 2026-03-31 | $2M | 0.5% |
| Golub Capital BDCGolub Capital · matched: name | 2026-03-31 | $2M | <0.1% |
| Golub Capital Direct Lending CorpGolub Capital · matched: name | 2026-03-31 | $1M | 0.1% |
The range across reported debt positions in the same borrower — fair value over amortized cost as filed — for 22 funds holding it in Q1'26.
22 funds · 47 positions · Q1'26
Instrument stated on 10 of 47 positions (21%). 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 |
|---|---|---|---|---|
| Diameter Credit Comatched: name · 2026-03-31 | — | $2M | 93.3% | Watch |
| Palmer Square Capital BDC Inc.matched: name · 2026-03-31 | — | $0M | 94.6% | Watch |
| Carlyle Credit Solutions, Inc.matched: name · 2026-03-31 | Investment First lien | $1M | 94.8% | Watch |
| Carlyle Secured Lending, Inc.⚠ unreconciledmatched: name · 2026-03-31 | Investment First lien | $1M | 94.8% | Watch |
| Palmer Square Capital BDC Inc.matched: name · 2026-03-31 | — | $9M | 97.2% | Unstressed |
| Morgan Stanley Direct Lending Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $0M | 97.8% | Unstressed |
| Diameter Credit Comatched: name · 2026-03-31 | — | $91M | 98.7% | Unstressed |
| Lgam Private Credit LLCmatched: name · 2026-03-31 | — | $0M | 98.8% | Unstressed |
| Carlyle Secured Lending, Inc.⚠ unreconciledmatched: name · 2026-03-31 | Investment First lien | $25M | 99.0% | Unstressed |
| Carlyle Credit Solutions, Inc.matched: name · 2026-03-31 | Investment First lien | $45M | 99.0% | Unstressed |
| Carlyle Secured Lending, Inc.⚠ unreconciledmatched: name · 2026-03-31 | First Lien Debt First lien | $20M | 99.0% | Unstressed |
| North Haven Private Income Fund A LLCmatched: name · 2026-03-31 | — | $0M | 99.1% | Unstressed |
| North Haven Private Income Fund LLCmatched: name · 2026-03-31 | — | $1M | 99.1% | Unstressed |
| Morgan Stanley Direct Lending Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $0M | 99.2% | Unstressed |
| Blue Owl Capital Corp IImatched: name · 2026-03-31 | — | $0M | 99.5% | Unstressed |
| Morgan Stanley Direct Lending Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $13M | 99.6% | Unstressed |
| Blue Owl Technology Income Corp.matched: name · 2026-03-31 | — | $1M | 99.8% | Unstressed |
| Blue Owl Credit Income Corp.matched: name · 2026-03-31 | — | $9M | 99.8% | Unstressed |
| Blue Owl Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | — | $2M | 99.8% | Unstressed |
| Golub Capital Private Credit Fundmatched: name · 2026-03-31 | — | $87M | 99.8% | Unstressed |
| Golub Capital BDC 4, Inc.matched: name · 2026-03-31 | — | $16M | 99.8% | Unstressed |
| Blue Owl Technology Finance Corp.matched: name · 2026-03-31 | — | $2M | 99.8% | Unstressed |
| Lgam Private Credit LLCmatched: name · 2026-03-31 | — | $9M | 99.8% | Unstressed |
| North Haven Private Income Fund A LLCmatched: name · 2026-03-31 | — | $13M | 99.8% | Unstressed |
| Golub Capital BDCmatched: name · 2026-03-31 | — | $2M | 99.8% | Unstressed |
| Golub Capital Direct Lending Unlevered Corpmatched: name · 2026-03-31 | — | $2M | 99.8% | Unstressed |
| Morgan Stanley Direct Lending Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $27M | 99.8% | Unstressed |
| North Haven Private Income Fund LLCmatched: name · 2026-03-31 | — | $46M | 99.8% | Unstressed |
| T. Rowe Price Oha Select Private Credit Fundmatched: name · 2026-03-31 | — | $1M | 99.9% | Unstressed |
| Golub Capital Direct Lending Corpmatched: name · 2026-03-31 | — | $1M | 99.9% | Unstressed |
| Golub Capital Private Credit Fundmatched: name · 2026-03-31 | — | $2M | 99.9% | Unstressed |
| Blue Owl Technology Income Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $48M | 100.0% | Unstressed |
| Blue Owl Credit Income Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $506M | 100.0% | Unstressed |
| Blue Owl Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | First lien senior secured loan First lien | $116M | 100.0% | Unstressed |
| T. Rowe Price Oha Select Private Credit Fundmatched: name · 2026-03-31 | — | $40M | 100.0% | Unstressed |
| Blue Owl Capital Corp IImatched: name · 2026-03-31 | First lien senior secured loan First lien | $11M | 100.0% | Unstressed |
| Blue Owl Technology Finance Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $127M | 100.0% | Unstressed |
| Oha Senior Private Lending Fund (u) LLCmatched: name · 2026-03-31 | — | $6M | 100.0% | 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 BDC 4, Inc.matched: name · 2026-03-31 | — | $0M | 100.0% | Unstressed |
| Oha Senior Private Lending Fund (u) LLCmatched: name · 2026-03-31 | — | $0M | 100.0% | Unstressed |
| Senior Credit Investments, LLCmatched: name · 2026-03-31 | — | $0M | 100.0% | Unstressed |
| Golub Capital BDCmatched: name · 2026-03-31 | — | $0M | 100.0% | Unstressed |
| Jefferies Credit Partners BDC Inc.matched: name · 2026-03-31 | — | $36M | 100.2% | Unstressed |
| Senior Credit Investments, LLCmatched: name · 2026-03-31 | — | $10M | 100.2% | Unstressed |
| Jefferies Credit Partners BDC Inc.matched: name · 2026-03-31 | — | $0M | 101.3% | 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.