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 $579M 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 |
|---|---|---|---|
| Blackstone Private Credit Fund⚠ unreconciledBlackstone · matched: name | 2026-03-31 | $216M | 0.2% |
| FS KKR Capital Corp.⚠ unreconciledKKR · matched: name | 2026-03-31 | $112M | 0.6% |
| Ares Capital Corporation⚠ unreconciledAres Management · matched: name | 2026-03-31 | $97M | 0.3% |
| Blackstone Secured LendingBlackstone · matched: name | 2026-03-31 | $39M | 0.3% |
| 5C Lending Partners Corp.matched: name | 2026-03-31 | $17M | 2.6% |
| KKR US Direct Lending Fund-U Inc.KKR · matched: name | 2026-03-31 | $15M | 0.9% |
| Onex Direct Lending BDC FundOnex · matched: name | 2026-03-31 | $15M | 4.1% |
| KKR Enhanced US Direct Lending Fund-l Inc.KKR · matched: name | 2026-03-31 | $13M | 1.0% |
| Stone Point Credit Income FundStone Point Credit · matched: name | 2026-03-31 | $13M | 1.8% |
| AB Private Credit Investors CorpAB · matched: name | 2026-03-31 | $13M | 0.7% |
| Stone Point Credit CorpStone Point Credit · matched: name | 2026-03-31 | $12M | 0.4% |
| Antares Strategic Credit FundAntares Capital · matched: name | 2026-03-31 | $7M | 0.2% |
| AB Private Lending FundAB · matched: name | 2026-03-31 | $5M | 1.4% |
| Antares Private Credit FundAntares Capital · matched: name | 2026-03-31 | $3M | 0.2% |
| Antares Strategic Credit Fund II LLCAntares Capital · matched: name | 2026-03-31 | $3M | 1.7% |
The range across reported debt positions in the same borrower — fair value over amortized cost as filed — for 13 funds holding it in Q1'26.
13 funds · 41 positions · Q1'26
Instrument stated on 7 of 41 positions (17%). 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 |
|---|---|---|---|---|
| Stone Point Credit Income Fundmatched: name · 2026-03-31 | — | $0M | 97.7% | Unstressed |
| Stone Point Credit Corpmatched: name · 2026-03-31 | — | $1M | 97.7% | Unstressed |
| Stone Point Credit Income Fundmatched: name · 2026-03-31 | First Lien Term Loan First lien | $3M | 99.6% | Unstressed |
| Stone Point Credit Corpmatched: name · 2026-03-31 | — | $4M | 99.6% | Unstressed |
| Stone Point Credit Income Fundmatched: name · 2026-03-31 | — | $10M | 99.6% | Unstressed |
| Stone Point Credit Corpmatched: name · 2026-03-31 | — | $8M | 99.7% | Unstressed |
| 5C Lending Partners Corp.matched: name · 2026-03-31 | — | $17M | 99.7% | Unstressed |
| Antares Strategic Credit Fund II LLCmatched: name · 2026-03-31 | — | $3M | 99.8% | Unstressed |
| Antares Strategic Credit Fundmatched: name · 2026-03-31 | — | $7M | 99.8% | Unstressed |
| Antares Private Credit Fundmatched: name · 2026-03-31 | — | $3M | 99.8% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $7M | 100.0% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $3M | 100.0% | Unstressed |
| AB Private Lending Fundmatched: name · 2026-03-31 | US Corporate Debt Other debt | $4M | 100.0% | Unstressed |
| AB Private Lending Fundmatched: name · 2026-03-31 | US Corporate Debt Other debt | $1M | 100.0% | Unstressed |
| AB Private Lending Fundmatched: name · 2026-03-31 | US Corporate Debt Other debt | $0M | 100.0% | Unstressed |
| Ares Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | — | $67M | 100.0% | Unstressed |
| Ares Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | — | $16M | 100.0% | Unstressed |
| Ares Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | — | $9M | 100.0% | Unstressed |
| Ares Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | — | $5M | 100.0% | Unstressed |
| Blackstone Secured Lendingmatched: name · 2026-03-31 | — | $2M | 100.0% | Unstressed |
| Blackstone Secured Lendingmatched: name · 2026-03-31 | — | $1M | 100.0% | Unstressed |
| FS KKR Capital Corp.⚠ unreconciledmatched: name · 2026-03-31 | — | $10M | 100.0% | Unstressed |
| FS KKR Capital Corp.⚠ unreconciledmatched: name · 2026-03-31 | — | $5M | 100.0% | Unstressed |
| FS KKR Capital Corp.⚠ unreconciledmatched: name · 2026-03-31 | — | $2M | 100.0% | Unstressed |
| Blackstone Secured Lendingmatched: name · 2026-03-31 | — | $5M | 100.5% | Unstressed |
| AB Private Credit Investors Corpmatched: name · 2026-03-31 | US Corporate Debt Other debt | $9M | 100.5% | Unstressed |
| FS KKR Capital Corp.⚠ unreconciledmatched: name · 2026-03-31 | — | $95M | 100.5% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $74M | 100.6% | Unstressed |
| Blackstone Secured Lendingmatched: name · 2026-03-31 | — | $14M | 100.6% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $36M | 100.6% | Unstressed |
| AB Private Credit Investors Corpmatched: name · 2026-03-31 | US Corporate Debt Other debt | $3M | 100.7% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $32M | 100.7% | Unstressed |
| Blackstone Secured Lendingmatched: name · 2026-03-31 | — | $5M | 100.8% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $34M | 100.8% | Unstressed |
| Onex Direct Lending BDC Fundmatched: name · 2026-03-31 | — | $5M | 100.9% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $27M | 101.0% | Unstressed |
| Blackstone Secured Lendingmatched: name · 2026-03-31 | — | $5M | 101.1% | Unstressed |
| Blackstone Secured Lendingmatched: name · 2026-03-31 | — | $7M | 101.3% | Unstressed |
| Onex Direct Lending BDC Fundmatched: name · 2026-03-31 | — | $10M | 101.7% | Unstressed |
| AB Private Credit Investors Corpmatched: name · 2026-03-31 | US Corporate Debt Other debt | $0M | 101.8% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $3M | 103.7% | 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.