BDC Watchlist identifies $4.19bn of ‘at risk’ loans across more than 170 BDCs; over a third are in software

9fin’s latest BDC Watchlist identifies 118 credits whose weighted average fair value marks declined by five percentage points or more between Q1 and Q2 26. Together, these credits represent $4.19bn in fair value.

Just under 36% of the affected credits by fair value fall under Information Technology, which includes software. More than half have a maturity of 2029 or sooner.

The report uses 9fin’s new BDC Valuations Tool to examine which credits saw the biggest declines in aggregate marks, which BDCs hold them and which sponsors have the most names on the watchlist.

Enter your details to download the full Q2 26 BDC Watchlist and underlying data.