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Latest reading, ranked

Private Credit: BDC Non-Accruals by Industry

Loans on non-accrual as a share of each industry's BDC investments at cost, latest quarter, %

Transportation and logistics leads at 4.07%
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. Non-accrual loans are divided by all investments in the industry, the way BDCs report the ratio. Industry is the lender's own label, mapped to Palanor's groups.

Where private-credit losses sit by industry. Each bar is one industry group across every BDC in the panel.

What this chart reads·10 series

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Sources·10 sources

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BDC non-accrual share, 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 non-accrual share, 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 non-accrual share, 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 non-accrual share, 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 non-accrual share, 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 non-accrual share, 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 non-accrual share, 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 non-accrual share, 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 non-accrual share, 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 non-accrual share, 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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