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 $151M 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 |
|---|---|---|---|
| Ares Strategic Income FundAres Management · matched: name | 2026-03-31 | $37M | 0.2% |
| Blue Owl Technology Finance Corp.Blue Owl · matched: name | 2026-03-31 | $35M | 0.2% |
| Blue Owl Credit Income Corp.Blue Owl · matched: name | 2026-03-31 | $32M | 0.1% |
| New Mountain Finance Corp⚠ unreconciledNew Mountain · matched: name | 2026-03-31 | $14M | 0.4% |
| Blue Owl Technology Income Corp.Blue Owl · matched: name | 2026-03-31 | $7M | 0.1% |
| New Mountain Private Credit Fund⚠ unreconciledNew Mountain · matched: name | 2026-03-31 | $6M | 0.3% |
| Palmer Square Capital BDC Inc.Palmer Square · matched: name | 2026-03-31 | $6M | 0.5% |
| Blackrock Private Credit FundBlackRock · matched: name | 2026-03-31 | $5M | 0.2% |
| Oaktree Specialty Lending Corp⚠ unreconciledOaktree · matched: name | 2026-03-31 | $4M | 0.1% |
| Blackstone Private Credit Fund⚠ unreconciledBlackstone · matched: name | 2026-03-31 | $3M | <0.1% |
| New Mountain Guardian IV BDC, L.L.C.New Mountain · matched: name | 2026-03-31 | $1M | 0.1% |
| Saratoga Investment Corp.⚠ unreconciledSaratoga Investment · matched: name | 2026-02-28 | $1M | <0.1% |
| New Mountain Guardian IV Income Fund, L.L.C.New Mountain · 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 · 20 positions · Q1'26
Instrument stated on 10 of 20 positions (50%).
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 |
|---|---|---|---|---|
| Blue Owl Credit Income Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $15M | 95.8% | Unstressed |
| New Mountain Finance Corp⚠ unreconciledmatched: name · 2026-03-31 | — | $5M | 96.3% | Unstressed |
| New Mountain Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $1M | 96.4% | Unstressed |
| Blue Owl Technology Income Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $6M | 96.5% | Unstressed |
| Blue Owl Technology Finance Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $1M | 97.0% | Unstressed |
| Ares Strategic Income Fundmatched: name · 2026-03-31 | — | $35M | 97.1% | Unstressed |
| Blackrock Private Credit Fundmatched: name · 2026-03-31 | — | $5M | 97.2% | Unstressed |
| Blue Owl Credit Income Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $17M | 97.2% | Unstressed |
| Blue Owl Technology Finance Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $34M | 97.3% | Unstressed |
| Blackstone Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $3M | 97.4% | Unstressed |
| Blue Owl Technology Income Corp.matched: name · 2026-03-31 | First lien senior secured loan First lien | $1M | 97.5% | Unstressed |
| Palmer Square Capital BDC Inc.matched: name · 2026-03-31 | — | $6M | 97.7% | Unstressed |
| Oaktree Specialty Lending Corp⚠ unreconciledmatched: name · 2026-03-31 | — | $4M | 98.2% | Unstressed |
| New Mountain Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | — | $4M | 98.5% | Unstressed |
| New Mountain Finance Corp⚠ unreconciledmatched: name · 2026-03-31 | — | $7M | 98.8% | Unstressed |
| Ares Strategic Income Fundmatched: name · 2026-03-31 | — | $2M | 100.1% | Unstressed |
| New Mountain Guardian IV Income Fund, L.L.C.matched: name · 2026-03-31 | First Lien First lien | $0M | 103.9% | Unstressed |
| New Mountain Guardian IV BDC, L.L.C.matched: name · 2026-03-31 | First Lien First lien | $1M | 103.9% | Unstressed |
| New Mountain Private Credit Fund⚠ unreconciledmatched: name · 2026-03-31 | First Lien First lien | $1M | 104.0% | Unstressed |
| New Mountain Finance Corp⚠ unreconciledmatched: name · 2026-03-31 | First lien First lien | $2M | 104.0% | 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.