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 $201M 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 | $85M | 0.5% |
| Blue Owl Capital Corporation⚠ unreconciledBlue Owl · matched: name | 2026-03-31 | $32M | 0.2% |
| Goldman Sachs BDC, Inc.⚠ unreconciledGoldman Sachs · matched: name | 2026-03-31 | $19M | 0.7% |
| Goldman Sachs Private Middle Market Credit II LLCGoldman Sachs · matched: name | 2026-03-31 | $17M | 1.3% |
| Oaktree Specialty Lending Corp⚠ unreconciledOaktree · matched: name | 2026-03-31 | $15M | 0.5% |
| Franklin BSP Capital Corp⚠ unreconciledFranklin BSP · matched: name | 2026-03-31 | $8M | 0.1% |
| Golub Capital BDCGolub Capital · matched: name | 2026-03-31 | $8M | 0.1% |
| Blue Owl Capital Corp IIBlue Owl · matched: name | 2026-03-31 | $6M | 0.6% |
| Oaktree Strategic Credit FundOaktree · matched: name | 2026-03-31 | $6M | 0.1% |
| Blue Owl Credit Income Corp.Blue Owl · matched: name | 2026-03-31 | $3M | <0.1% |
| Golub Capital Private Credit FundGolub Capital · matched: name | 2026-03-31 | $2M | <0.1% |
| Blackrock Direct Lending Corp.BlackRock · matched: name | 2026-03-31 | $0M | 0.1% |
The range across reported debt positions in the same borrower — fair value over amortized cost as filed — for 12 funds holding it in Q1'26.
12 funds · 38 positions · Q1'26
Instrument stated on 12 of 38 positions (32%). 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 |
|---|---|---|---|---|
| Oaktree Specialty Lending Corp⚠ unreconciledmatched: name · 2026-03-31 | — | $0M | 5.4% |
| Oaktree Specialty Lending Corp⚠ unreconciledmatched: name · 2026-03-31 | — | $1M | 5.4% | Deep stress |
| Oaktree Strategic Credit Fundmatched: name · 2026-03-31 | — | $0M | 5.4% | Deep stress |
| Franklin BSP Capital Corp⚠ unreconciledmatched: name · 2026-03-31 | — | $1M | 10.4% | Deep stress |
| Blackrock Direct Lending Corp.matched: name · 2026-03-31 | — | $0M | 16.8% | Deep stress |
| Golub Capital Private Credit Fundmatched: name · 2026-03-31 | — | $1M | 27.7% | Deep stress |
| Golub Capital BDCmatched: name · 2026-03-31 | — | $2M | 27.7% | Deep stress |
| Goldman Sachs BDC, Inc.⚠ unreconciledmatched: name · 2026-03-31 | — | $5M | 31.7% | Deep stress |
| Goldman Sachs Private Middle Market Credit II LLCmatched: name · 2026-03-31 | — | $4M | 31.7% | Deep stress |
| Blue Owl Technology Finance Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $14M | 40.1% | Deep stress |
| Blue Owl Capital Corp IImatched: name · 2026-03-31 | First lien senior secured loan First lien | $2M | 40.1% | Deep stress |
| Blue Owl Credit Income Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $1M | 40.1% | Deep stress |
| Blue Owl Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | First lien senior secured loan First lien | $10M | 40.3% | Deep stress |
| Blue Owl Credit Income Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $0M | 94.3% | Watch |
| Blue Owl Capital Corp IImatched: name · 2026-03-31 | First lien senior secured loan First lien | $3M | 94.5% | Watch |
| Blue Owl Technology Finance Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $10M | 94.5% | Watch |
| Blue Owl Technology Finance Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $19M | 94.5% | Watch |
| Blue Owl Capital Corp IImatched: name · 2026-03-31 | First lien senior secured loan First lien | $1M | 94.5% | Watch |
| Blue Owl Credit Income Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $1M | 94.5% | Watch |
| Blue Owl Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | First lien senior secured loan First lien | $7M | 94.8% | Watch |
| Blue Owl Capital Corporation⚠ unreconciledmatched: name · 2026-03-31 | First lien senior secured loan First lien | $15M | 94.8% | Watch |
| Goldman Sachs Private Middle Market Credit II LLCmatched: name · 2026-03-31 | — | $4M | 95.0% | Watch |
| Goldman Sachs BDC, Inc.⚠ unreconciledmatched: name · 2026-03-31 | — | $5M | 95.0% | Unstressed |
| Golub Capital BDCmatched: name · 2026-03-31 | — | $2M | 95.0% | Unstressed |
| Golub Capital Private Credit Fundmatched: name · 2026-03-31 | — | $1M | 95.1% | Unstressed |
| Goldman Sachs BDC, Inc.⚠ unreconciledmatched: name · 2026-03-31 | — | $9M | 95.7% | Unstressed |
| Goldman Sachs Private Middle Market Credit II LLCmatched: name · 2026-03-31 | — | $8M | 95.7% | Unstressed |
| Golub Capital BDCmatched: name · 2026-03-31 | — | $4M | 96.9% | Unstressed |
| Golub Capital Private Credit Fundmatched: name · 2026-03-31 | — | $1M | 97.0% | Unstressed |
| Oaktree Specialty Lending Corp⚠ unreconciledmatched: name · 2026-03-31 | — | $1M | 98.4% | Unstressed |
| Oaktree Specialty Lending Corp⚠ unreconciledmatched: name · 2026-03-31 | — | $5M | 98.4% | Unstressed |
| Oaktree Strategic Credit Fundmatched: name · 2026-03-31 | — | $3M | 98.4% | Unstressed |
| Oaktree Strategic Credit Fundmatched: name · 2026-03-31 | — | $2M | 98.4% | Unstressed |
| Oaktree Specialty Lending Corp⚠ unreconciledmatched: name · 2026-03-31 | — | $9M | 98.4% | Unstressed |
| Franklin BSP Capital Corp⚠ unreconciledmatched: name · 2026-03-31 | — | $2M | 99.1% | Unstressed |
| Franklin BSP Capital Corp⚠ unreconciledmatched: name · 2026-03-31 | — | $5M | 99.1% | Unstressed |
| Blackrock Direct Lending Corp.matched: name · 2026-03-31 | — | $0M | 100.0% | Unstressed |
| Blackrock Direct Lending Corp.matched: name · 2026-03-31 | — | $0M | 101.1% | 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.