BDCNON-TRADED
Onex Falcon Direct Lending BDC Fund
CIK 0001860424
Onex Falcon Direct Lending BDC Fund is a non-traded business development company. With $418 million in total assets, it is one of the smaller funds in the coverage universe. The portfolio is concentrated in direct lending, with 99% in first-lien senior secured loans and 99% floating-rate, at a weighted-average spread of 532 bps over the base rate. Its largest sector exposure is Industrials (12% of holdings).
NAV/Share
$20.81
AUM
$417.8M
Positions
84
Strategy
Private Credit
Wtd. Avg. Coupon
9.2%
Wtd. Avg. Spread
5 bps
Wtd. Avg. Maturity
3.5 yrs
99% coverage
Top 10 Concentration
46.1%
Instrument type
Share of portfolio fair value
First Lien
98%
of fair value
First Lien Senior Loans98.2%
Second Lien Loans0.6%
Equity1.0%
Industry exposure
Share of holdings fair value
Top 5
92%
of holdings
Industrials12.4%
Financials8.6%
Other7.1%
Information Technology6.5%
Health Care5.8%
Consumer Staples2.2%
Materials0.4%
Unknown56.9%
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
11.7%