Identity band
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, which inflates these figures, or one company split across spellings, which deflates them. The two are close enough in size to partly cancel in aggregate and they do not cancel for any single borrower. So figures built on it — crowding, overlap, the manager complex — are estimates with a measured band, not exact counts and not floors. 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 $54M 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 |
|---|---|---|---|
| Bain Capital Specialty Finance, Inc.⚠ unreconciledBain Capital · matched: name | 2026-03-31 | $45M | 0.9% |
| Bain Capital Private Credit⚠ unreconciledBain Capital · matched: name | 2026-03-31 | $9M | 0.4% |
The range across reported debt positions in the same borrower — fair value over amortized cost as filed — for 2 funds holding it in Q1'26.
2 funds · 6 positions · Q1'26
Instrument stated on 0 of 6 positions (0%). 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 |
|---|---|---|---|---|
| Bain Capital Specialty Finance, Inc.⚠ unreconciledmatched: name · 2026-03-31 | — | $1M | 95.4% |
| Bain Capital Specialty Finance, Inc.⚠ unreconciledmatched: name · 2026-03-31 | — | $15M | 95.4% | Unstressed |
| Bain Capital Specialty Finance, Inc.⚠ unreconciledmatched: name · 2026-03-31 | — | $4M | 95.7% | Unstressed |
| Bain Capital Specialty Finance, Inc.⚠ unreconciledmatched: name · 2026-03-31 | — | $13M | 95.8% | Unstressed |
| Bain Capital Specialty Finance, Inc.⚠ unreconciledmatched: name · 2026-03-31 | — | $11M | 96.3% | Unstressed |
| Bain Capital Private Credit⚠ unreconciledmatched: name · 2026-03-31 | — | $9M | 96.3% | 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.