TCG BDC II, Inc

CIK 0001702510Carlyle

TCG BDC II, Inc. is a non-traded business development company advised by Carlyle. With $2.8 billion in total assets, it is a mid-sized fund in the coverage universe. The portfolio is concentrated in direct lending, with 98% in first-lien senior secured loans and 100% floating-rate, at a weighted-average spread of 506 bps over the base rate. Its largest sector exposure is Information Technology (14% of holdings).

NAV/Share

$18.82

AUM

$2.8B

Positions

283

Strategy

Private Credit

Wtd. Avg. Coupon

9.0%

Wtd. Avg. Spread

5 bps

Wtd. Avg. Maturity

4.7 yrs

94% coverage

Top 10 Concentration

14.4%

Instrument type

Share of portfolio fair value

First Lien

90%

of fair value

First Lien Senior Loans89.6%

Second Lien Loans1.6%

Structured Credit3.0%

Equity4.3%

Fund Vehicles0.3%

Other1.2%

Industry exposure

Share of holdings fair value

Top 5

82%

of holdings

Information Technology13.9%

Industrials12.4%

Financials10.8%

Health Care10.3%

Other8.3%

Materials3.1%

Consumer Discretionary2.3%

Energy1.9%

Consumer Staples1.4%

Communication Services0.8%

Utilities0.6%

Unknown34.4%

Unknown sector positions lack GICS classification in the source filing or could not be reconciled.

Maturity profile

Share of debt fair value by years to maturity.

Risk & Credit Indicators

PIK in Terms

17.7%