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Latest reading, ranked

Private Credit: BDC Loan Marks by Industry

Fair value of each industry's BDC debt as a share of its cost, latest quarter, %

Business and professional services leads at 98.83%
YTD1y2y5y10y20yAll
Current·Data to Q2 2026

Plays the chart through its history. Pauses are where a new leader takes first place.

Palanor calculation from SEC schedules of investments filed by business development companies (SEC BDC data sets and EDGAR XBRL; public domain). The panel is every BDC whose tagged holdings add up to its reported total; it grows as new funds file. Debt only: loans and bonds at cost. Marks are each lender's own fair values. Industry is the lender's own label, mapped to Palanor's groups.

Which industries private lenders mark furthest below cost. Lower bars are the books the lenders think are worth least against what they lent.

What this chart reads·10 series

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Sources·10 sources

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BDC loan marks, software and tech services. Source: Palanor calculation from SEC filings: the SEC Business Development Company (BDC) data sets and each filing's XBRL on EDGAR (U.S. Securities and Exchange Commission; public domain).

BDC loan marks, healthcare. Source: Palanor calculation from SEC filings: the SEC Business Development Company (BDC) data sets and each filing's XBRL on EDGAR (U.S. Securities and Exchange Commission; public domain).

BDC loan marks, financial services and insurance. Source: Palanor calculation from SEC filings: the SEC Business Development Company (BDC) data sets and each filing's XBRL on EDGAR (U.S. Securities and Exchange Commission; public domain).

BDC loan marks, business and professional services. Source: Palanor calculation from SEC filings: the SEC Business Development Company (BDC) data sets and each filing's XBRL on EDGAR (U.S. Securities and Exchange Commission; public domain).

BDC loan marks, consumer services and education. Source: Palanor calculation from SEC filings: the SEC Business Development Company (BDC) data sets and each filing's XBRL on EDGAR (U.S. Securities and Exchange Commission; public domain).

BDC loan marks, consumer goods and retail. Source: Palanor calculation from SEC filings: the SEC Business Development Company (BDC) data sets and each filing's XBRL on EDGAR (U.S. Securities and Exchange Commission; public domain).

BDC loan marks, industrials, aerospace and construction. Source: Palanor calculation from SEC filings: the SEC Business Development Company (BDC) data sets and each filing's XBRL on EDGAR (U.S. Securities and Exchange Commission; public domain).

BDC loan marks, transportation and logistics. Source: Palanor calculation from SEC filings: the SEC Business Development Company (BDC) data sets and each filing's XBRL on EDGAR (U.S. Securities and Exchange Commission; public domain).

BDC loan marks, media, entertainment and telecom. Source: Palanor calculation from SEC filings: the SEC Business Development Company (BDC) data sets and each filing's XBRL on EDGAR (U.S. Securities and Exchange Commission; public domain).

BDC loan marks, chemicals, materials and packaging. Source: Palanor calculation from SEC filings: the SEC Business Development Company (BDC) data sets and each filing's XBRL on EDGAR (U.S. Securities and Exchange Commission; public domain).

Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.

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