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 98% in first-lien senior secured loans and 81% floating-rate, at a weighted-average spread of 572 bps over the base rate.

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%

Instrument type

Share of portfolio fair value

First Lien

96%

of fair value

First Lien Senior Loans96.2%

Second Lien Loans1.8%

Equity1.9%

Industry exposure

Share of holdings fair value

Top 5

100%

of holdings

Information Technology2.1%

Financials0.0%

Unknown97.9%

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

20.3%