BlackRock Direct Lending Corp

CIK 0001834543

BlackRock Direct Lending Corp. is a non-traded business development company. With $262 million in total assets, it is one of the smaller funds in the coverage universe. The portfolio is concentrated in direct lending, with 96% in first-lien senior secured loans and 79% in floating-rate debt by fair value, at a weighted-average spread of 572 bps over the base rate. Its largest sector exposure is Information Technology (41% of holdings).

NAV/Share

$8.94

AUM

$262.1M

Positions

247

Strategy

Private Credit

Wtd. Avg. Coupon

8.4%

Wtd. Avg. Spread

6 bps

Wtd. Avg. Maturity

3.2 yrs

98% coverage

Top 10 Concentration

20.1%

PIK in Terms

20.3%

Instrument type

Share of portfolio fair value

First Lien

96%

of fair value

First Lien96.2%

Second Lien1.8%

Equity1.9%

Industry exposure

Share of holdings fair value

Top 5

87%

of holdings

Information Technology41.1%

Industrials11.7%

Financials9.3%

Health Care6.1%

Communication Services3.5%

Other2.8%

Materials2.6%

Consumer Discretionary2.3%

Real Estate1.8%

Consumer Staples0.3%

Unknown18.6%

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.