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 $780M 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 Technology Finance Corp.Blue Owl · matched: name | 2026-03-31 | $143M | 0.9% |
| Blue Owl Credit Income Corp.Blue Owl · matched: name | 2026-03-31 | $140M | 0.4% |
| Ares Capital Corporation⚠ unreconciledAres Management · matched: name | 2026-03-31 | $109M | 0.3% |
| North Haven Private Income Fund LLCMorgan Stanley · matched: name | 2026-03-31 | $70M | 1.0% |
| Blue Owl Capital Corporation⚠ unreconciledBlue Owl · matched: name | 2026-03-31 | $64M | 0.3% |
| Golub Capital BDCGolub Capital · matched: name | 2026-03-31 | $45M | 0.5% |
| Blue Owl Technology Income Corp.Blue Owl · matched: name | 2026-03-31 | $37M | 0.7% |
| Morgan Stanley Direct Lending Fund⚠ unreconciledMorgan Stanley · matched: name | 2026-03-31 | $36M | 0.9% |
| Golub Capital Private Credit FundGolub Capital · matched: name | 2026-03-31 | $27M | 0.3% |
| Ares Strategic Income FundAres Management · matched: name | 2026-03-31 | $25M | 0.1% |
| Stone Point Credit CorpStone Point Credit · matched: name | 2026-03-31 | $24M | 0.8% |
| Golub Capital BDC 4, Inc.Golub Capital · matched: name | 2026-03-31 | $24M | 1.0% |
| Golub Capital Direct Lending CorpGolub Capital · matched: name | 2026-03-31 | $13M | 1.5% |
| Golub Capital Direct Lending Unlevered CorpGolub Capital · matched: name | 2026-03-31 | $7M | 1.7% |
| Golub Capital Private Income Fund IGolub Capital · matched: name | 2026-03-31 | $5M | 1.4% |
| Lgam Private Credit LLCMorgan Stanley · matched: name | 2026-03-31 | $4M | 0.7% |
| Golub Capital Private Income Fund SGolub Capital · matched: name | 2026-03-31 | $4M | 1.6% |
| North Haven Private Income Fund A LLCMorgan Stanley · matched: name | 2026-03-31 | $3M | 0.5% |
| Blue Owl Capital Corp IIBlue Owl · matched: name | 2026-03-31 | $2M | 0.2% |
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 · 19 positions · Q1'26
Instrument stated on 5 of 19 positions (26%). 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 BDCmatched: name · 2026-03-31 | — | $45M | 95.7% | Unstressed |
| Blue Owl Technology Finance Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $143M | 97.0% | Unstressed |
| Blue Owl Capital Corp IImatched: name · 2026-03-31 | First lien senior secured loan First lien | $2M | 97.0% | Unstressed |
| Golub Capital Private Income Fund Smatched: name · 2026-03-31 | — | $4M | 97.0% | Unstressed |
| Blue Owl Credit Income Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $140M | 97.0% | Unstressed |
| Blue Owl Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | First lien senior secured loan First lien | $64M | 97.0% | Unstressed |
| Blue Owl Technology Income Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $37M | 97.0% | Unstressed |
| Golub Capital Private Income Fund Imatched: name · 2026-03-31 | — | $5M | 97.0% | Unstressed |
| Golub Capital Direct Lending Unlevered Corpmatched: name · 2026-03-31 | — | $7M | 97.9% | Unstressed |
| Golub Capital Private Credit Fundmatched: name · 2026-03-31 | — | $27M | 97.9% | Unstressed |
| Golub Capital BDC 4, Inc.matched: name · 2026-03-31 | — | $24M | 98.0% | Unstressed |
| Golub Capital Direct Lending Corpmatched: name · 2026-03-31 | — | $13M | 98.0% | Unstressed |
| Stone Point Credit Corpmatched: name · 2026-03-31 | — | $24M | 99.9% | Unstressed |
| Lgam Private Credit LLCmatched: name · 2026-03-31 | — | $4M | 100.8% | Unstressed |
| Ares Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | — | $109M | 100.8% | Unstressed |
| North Haven Private Income Fund A LLCmatched: name · 2026-03-31 | — | $3M | 100.9% | Unstressed |
| Ares Strategic Income Fundmatched: name · 2026-03-31 | — | $25M | 100.9% | Unstressed |
| North Haven Private Income Fund LLCmatched: name · 2026-03-31 | — | $70M | 101.0% | Unstressed |
| Morgan Stanley Direct Lending Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $36M | 101.0% | 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.