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 $1.3B 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 |
|---|---|---|---|
| Golub Capital Private Credit FundGolub Capital · matched: name | 2026-03-31 | $272M | 2.8% |
| Blue Owl Credit Income Corp.Blue Owl · matched: name | 2026-03-31 | $247M | 0.7% |
| Blackstone Private Credit Fund⚠ unreconciledBlackstone · matched: name | 2026-03-31 | $190M | 0.2% |
| Blackstone Secured LendingBlackstone · matched: name | 2026-03-31 | $87M | 0.6% |
| Blue Owl Technology Finance Corp.Blue Owl · matched: name | 2026-03-31 | $84M | 0.5% |
| Golub Capital BDC 4, Inc.Golub Capital · matched: name | 2026-03-31 | $84M | 3.4% |
| Blue Owl Capital Corporation⚠ unreconciledBlue Owl · matched: name | 2026-03-31 | $75M | 0.4% |
| CION Ares Diversified Credit Fund⚠ unreconciledAres Management · matched: name | 2026-03-31 | $68M | 1.4% |
| Diameter Credit CoDiameter · matched: name | 2026-03-31 | $62M | 2.2% |
| Blue Owl Technology Income Corp.Blue Owl · matched: name | 2026-03-31 | $30M | 0.6% |
| Golub Capital BDCGolub Capital · matched: name | 2026-03-31 | $18M | 0.2% |
| Carlyle Credit Solutions, Inc.Carlyle · matched: name | 2026-03-31 | $14M | 0.5% |
| StepStone Private Credit Co-Investment FundStepStone · matched: name | 2026-03-31 | $14M | 5.2% |
| Golub Capital Private Income Fund IGolub Capital · matched: name | 2026-03-31 | $8M | 2.0% |
| Blue Owl Capital Corp IIBlue Owl · matched: name | 2026-03-31 | $7M | 0.7% |
| StepStone Private Credit Income Fund⚠ unreconciledStepStone · matched: name | 2026-03-31 | $6M | 0.6% |
| Golub Capital Direct Lending CorpGolub Capital · matched: name | 2026-03-31 | $6M | 0.6% |
| Golub Capital Private Income Fund SGolub Capital · matched: name | 2026-03-31 | $6M | 2.3% |
| Golub Capital Direct Lending Unlevered CorpGolub Capital · matched: name | 2026-03-31 | $5M | 1.4% |
| BC Partners Lending Corpmatched: name | 2026-03-31 | $5M | 2.5% |
| New Mountain Private Credit Fund⚠ unreconciledNew Mountain · matched: name | 2026-03-31 | $2M | 0.1% |
| Pimco Capital Solutions BDC Corp.⚠ unreconciledmatched: name | 2026-03-31 | $2M | 0.4% |
The range across reported debt positions in the same borrower — fair value over amortized cost as filed — for 19 funds holding it in Q1'26.
19 funds · 41 positions · Q1'26
Instrument stated on 15 of 41 positions (37%). 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 |
|---|---|---|---|---|
| Golub Capital Direct Lending Corpmatched: name · 2026-03-31 | Subordinated debt Other debt | $0M | 95.3% | Unstressed |
| Golub Capital Private Credit Fundmatched: name · 2026-03-31 | Subordinated debt Other debt | $18M | 95.9% | Unstressed |
| Golub Capital BDC 4, Inc.matched: name · 2026-03-31 | Subordinated debt Other debt | $7M | 95.9% | Unstressed |
| Golub Capital BDCmatched: name · 2026-03-31 | Subordinated debt Other debt | $0M | 96.2% | Unstressed |
| Golub Capital BDCmatched: name · 2026-03-31 | Subordinated debt Other debt | $0M | 96.2% | Unstressed |
| Golub Capital BDC 4, Inc.matched: name · 2026-03-31 | Subordinated debt Other debt | $10M | 96.5% | Unstressed |
| Golub Capital Private Credit Fundmatched: name · 2026-03-31 | Subordinated debt Other debt | $27M | 96.5% | Unstressed |
| Golub Capital Direct Lending Corpmatched: name · 2026-03-31 | Subordinated debt Other debt | $0M | 96.8% | Unstressed |
| Golub Capital Private Credit Fundmatched: name · 2026-03-31 | — | $28M | 97.5% | Unstressed |
| New Mountain Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $2M | 97.7% | Unstressed |
| Golub Capital Private Credit Fundmatched: name · 2026-03-31 | — | $55M | 98.6% | Unstressed |
| Blackstone Secured Lendingmatched: name · 2026-03-31 | — | $38M | 98.9% | Unstressed |
| Pimco Capital Solutions BDC Corp.⚠ unreconciledmatched: name · 2026-03-31 | Debt Investments Other debt | $2M | 98.9% | Unstressed |
| Golub Capital Private Income Fund Imatched: name · 2026-03-31 | — | $8M | 99.1% | Unstressed |
| Golub Capital Private Income Fund Smatched: name · 2026-03-31 | — | $6M | 99.1% | Unstressed |
| Blue Owl Credit Income Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $247M | 99.1% | Unstressed |
| Blue Owl Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | First lien senior secured loan First lien | $75M | 99.1% | Unstressed |
| Blue Owl Technology Income Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $30M | 99.1% | Unstressed |
| Blue Owl Capital Corp IImatched: name · 2026-03-31 | First lien senior secured loan First lien | $7M | 99.1% | Unstressed |
| Blue Owl Technology Finance Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $84M | 99.2% | Unstressed |
| Diameter Credit Comatched: name · 2026-03-31 | — | $62M | 99.2% | Unstressed |
| Blackstone Secured Lendingmatched: name · 2026-03-31 | — | $23M | 99.4% | Unstressed |
| Golub Capital BDC 4, Inc.matched: name · 2026-03-31 | — | $7M | 99.6% | Unstressed |
| Golub Capital Direct Lending Corpmatched: name · 2026-03-31 | — | $1M | 99.9% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $49M | 99.9% | Unstressed |
| Golub Capital BDC 4, Inc.matched: name · 2026-03-31 | — | $45M | 100.0% | Unstressed |
| Golub Capital Private Credit Fundmatched: name · 2026-03-31 | — | $145M | 100.0% | Unstressed |
| Golub Capital Direct Lending Unlevered Corpmatched: name · 2026-03-31 | — | $5M | 100.0% | Unstressed |
| Golub Capital BDCmatched: name · 2026-03-31 | — | $2M | 100.0% | Unstressed |
| Blackstone Secured Lendingmatched: name · 2026-03-31 | — | $9M | 100.0% | Unstressed |
| Carlyle Credit Solutions, Inc.matched: name · 2026-03-31 | Investment First lien | $14M | 100.1% | Unstressed |
| Blackstone Secured Lendingmatched: name · 2026-03-31 | — | $17M | 100.2% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $91M | 100.2% | Unstressed |
| BC Partners Lending Corpmatched: name · 2026-03-31 | — | $5M | 100.3% | Unstressed |
| Golub Capital BDCmatched: name · 2026-03-31 | — | $8M | 101.6% | Unstressed |
| Golub Capital BDC 4, Inc.matched: name · 2026-03-31 | — | $15M | 101.8% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $24M | 102.2% | Unstressed |
| Golub Capital Direct Lending Corpmatched: name · 2026-03-31 | — | $1M | 103.0% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $25M | 103.6% | Unstressed |
| Golub Capital BDCmatched: name · 2026-03-31 | — | $7M | 104.1% | Unstressed |
| Golub Capital Direct Lending Corpmatched: name · 2026-03-31 | — | $3M | 106.3% | 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.