Dirigon

BBDC

Barings private credit holdings

BBDC schedule of investments, latest period.

As of 2026-06-30 · compiled 2026-09-09

EDGAR filing · 2026-06-30

Manager: Barings

$2.4bn
Fair value
544
Positions
+$110k
Overlapping book
14.2%
PIK share of debt
$13.7m
Non-accrual FV
289
Overlapped credits

Street is the leave-one-out median of other holders' FV/principal on the matched funded facility. Not a NAV restatement. Do not add overlapping-book dollars across funds. Overlapping book is +$110k (0.5 bps of book).

What the book is exposed to

SectorFair valueShare
Services: Business$474.6m19.6%
Banking, Finance, Insurance, & Real Estate$444.3m18.3%
High Tech Industries$231.5m9.6%
Healthcare & Pharmaceuticals$195.6m8.1%
Capital Equipment$149.4m6.2%
Aerospace & Defense$134.7m5.6%
Media: Diversified & Production$101.5m4.2%
Transportation: Cargo$74.7m3.1%
Services: Consumer$71.1m2.9%
Beverage, Food, & Tobacco$52.6m2.2%

Largest named credits

As-filed ¢ is the printed SOI line for that facility (FV/principal on co-held funded debt). Street is the other holders' median. A book blend is not a mark.

CreditFacilityFair valueAs-filed ¢Street ¢Δ
Eclipse Business Capital, LLCequity$139.5m100.4¢100.0¢+0.4 pt
Rocade Holdings LLCpreferred equity$89.0m99.8¢97.8¢+2.0 pt
Policy Services Company, LLCfirst lien term loan$49.9m90.6¢90.0¢+0.6 pt
VB Spine Intermediary II LLCfirst lien term loan$45.4m97.0¢97.0¢0.0 pt
Security Holdings B.Vcommon equity$41.7m118.6¢--
Jocassee Partners LLCequity$33.2m94.4¢--
Screenvision, LLCsecond lien term loan$32.5m96.9¢96.9¢0.0 pt
Next Holdco, LLCfirst lien term loan$22.0m99.8¢99.9¢-0.1 pt
Coastal Marina Holdings, LLCequity$20.6m100.6¢96.3¢+4.4 pt
TSYL Corporate Buyer, Inc.first lien term loan$20.1m99.8¢99.8¢-0.1 pt
Balaena Maritime (UK) Limitedfirst lien term loan$19.5m99.4¢--
ATL II MRO Holdings Inc.first lien term loan$18.8m99.0¢99.0¢0.0 pt
OSP Hamilton Purchaser, LLCfirst lien term loan$18.0m99.0¢99.0¢+0.0 pt
USLS Acquisition, Inc. (f/k/a US Legal Support, Inc.)first lien term loan$17.8m99.4¢99.7¢-0.3 pt
Woodland Foods, LLCfirst lien term loan$17.0m99.2¢99.2¢0.0 pt

This is the filing window into that manager's private credit, not the whole platform.

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