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 | $245M | 0.6% |
| Ares Capital Corporation⚠ unreconciledAres Management · matched: name | 2026-03-31 | $210M | 0.6% |
| Goldman Sachs Private Credit Corp.⚠ unreconciledGoldman Sachs · matched: name | 2026-03-31 | $208M | 1.4% |
| Ares Strategic Income FundAres Management · matched: name | 2026-03-31 | $173M | 0.8% |
| HPS Corporate Lending FundHPS Investment Partners · matched: name | 2026-03-31 | $118M | 0.4% |
| Oaktree Strategic Credit FundOaktree · matched: name | 2026-03-31 | $76M | 1.1% |
| CION Ares Diversified Credit Fund⚠ unreconciledAres Management · matched: name | 2026-03-31 | $63M | 1.3% |
| FS KKR Capital Corp.⚠ unreconciledKKR · matched: name | 2026-03-31 | $41M | 0.2% |
| New Mountain Guardian IV BDC, L.L.C.New Mountain · matched: name | 2026-03-31 | $32M | 1.6% |
| New Mountain Private Credit Fund⚠ unreconciledNew Mountain · matched: name | 2026-03-31 | $30M | 1.3% |
| KKR FS Income Trust⚠ unreconciledKKR · matched: name | 2026-03-31 | $28M | 0.8% |
| Jefferies Credit Partners BDC Inc.Jefferies Credit · matched: name | 2026-03-31 | $28M | 1.6% |
| Blue Owl Technology Finance Corp.Blue Owl · matched: name | 2026-03-31 | $26M | 0.2% |
| T. Rowe Price Oha Select Private Credit FundOha Private Credit Advisors LLC · matched: name | 2026-03-31 | $25M | 0.9% |
| Oaktree Specialty Lending Corp⚠ unreconciledOaktree · matched: name | 2026-03-31 | $20M | 0.6% |
| KKR US Direct Lending Fund-U Inc.KKR · matched: name | 2026-03-31 | $19M | 1.2% |
| KKR FS Income Trust Select⚠ unreconciledKKR · matched: name | 2026-03-31 | $17M | 0.9% |
| KKR Enhanced US Direct Lending Fund-l Inc.KKR · matched: name | 2026-03-31 | $17M | 1.3% |
| Senior Credit Investments, LLCJefferies Credit · matched: name | 2026-03-31 | $7M | 1.2% |
| T. Rowe Price OHA Flexible Credit Income FundOha Private Credit Advisors LLC · matched: name | 2026-03-31 | $3M | 1.2% |
| Oha Senior Private Lending Fund (u) LLCmatched: name | 2026-03-31 | $1M | 0.3% |
| Capital Group KKR Core Plus (plus)Capital Group KKR · matched: name | 2026-03-31 | $1M | 0.3% |
The range across reported debt positions in the same borrower — fair value over amortized cost as filed — for 16 funds holding it in Q1'26.
16 funds · 22 positions · Q1'26
Instrument stated on 4 of 22 positions (18%). 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 |
|---|---|---|---|---|
| KKR FS Income Trust⚠ unreconciledmatched: name · 2026-03-31 | — | $3M | 98.2% |
| KKR FS Income Trust Select⚠ unreconciledmatched: name · 2026-03-31 | — | $2M | 98.2% | Unstressed |
| FS KKR Capital Corp.⚠ unreconciledmatched: name · 2026-03-31 | — | $30M | 98.4% | Unstressed |
| FS KKR Capital Corp.⚠ unreconciledmatched: name · 2026-03-31 | — | $7M | 98.5% | Unstressed |
| KKR FS Income Trust Select⚠ unreconciledmatched: name · 2026-03-31 | — | $12M | 98.5% | Unstressed |
| KKR FS Income Trust⚠ unreconciledmatched: name · 2026-03-31 | — | $21M | 98.5% | Unstressed |
| KKR FS Income Trust⚠ unreconciledmatched: name · 2026-03-31 | — | $4M | 98.5% | Unstressed |
| KKR FS Income Trust Select⚠ unreconciledmatched: name · 2026-03-31 | — | $3M | 98.5% | Unstressed |
| Ares Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | — | $210M | 99.0% | Unstressed |
| Goldman Sachs Private Credit Corp.⚠ unreconciledmatched: name · 2026-03-31 | — | $208M | 99.3% | Unstressed |
| Ares Strategic Income Fundmatched: name · 2026-03-31 | — | $173M | 99.5% | Unstressed |
| Blue Owl Technology Finance Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $26M | 100.0% | Unstressed |
| Blue Owl Credit Income Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $245M | 100.0% | Unstressed |
| Jefferies Credit Partners BDC Inc.matched: name · 2026-03-31 | — | $28M | 100.0% | Unstressed |
| Senior Credit Investments, LLCmatched: name · 2026-03-31 | — | $7M | 100.0% | Unstressed |
| New Mountain Guardian IV BDC, L.L.C.matched: name · 2026-03-31 | First Lien First lien | $32M | 100.0% | Unstressed |
| T. Rowe Price Oha Select Private Credit Fundmatched: name · 2026-03-31 | — | $25M | 100.0% | Unstressed |
| New Mountain Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | First Lien First lien | $30M | 100.0% | Unstressed |
| Oaktree Strategic Credit Fundmatched: name · 2026-03-31 | — | $76M | 100.0% | Unstressed |
| FS KKR Capital Corp.⚠ unreconciledmatched: name · 2026-03-31 | — | $4M | 100.0% | Unstressed |
| Oaktree Specialty Lending Corp⚠ unreconciledmatched: name · 2026-03-31 | — | $20M | 100.0% | Unstressed |
| Oha Senior Private Lending Fund (u) LLCmatched: name · 2026-03-31 | — | $1M | 100.3% | 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.