T Series Middle Market Loan Fund LLC

CIK 0001885968

T Series Middle Market Loan Fund LLC is a non-traded business development company. With $2.3 billion in total assets, it is a mid-sized fund in the coverage universe. The portfolio is concentrated in direct lending, with 99% in first-lien senior secured loans and 98% floating-rate, at a weighted-average spread of 520 bps over the base rate. Its largest sector exposure is Industrials (19% of holdings).

NAV/Share

$18.24

AUM

$2.3B

Positions

540

Strategy

Private Credit

Wtd. Avg. Coupon

8.9%

Wtd. Avg. Spread

5 bps

Wtd. Avg. Maturity

3.9 yrs

98% coverage

Top 10 Concentration

12.9%

Instrument type

Share of portfolio fair value

First Lien

98%

of fair value

First Lien Senior Loans98.0%

Second Lien Loans0.5%

Unsecured Loans0.3%

Equity1.1%

Industry exposure

Share of holdings fair value

Top 5

96%

of holdings

Industrials19.2%

Information Technology18.8%

Financials10.7%

Health Care10.2%

Consumer Discretionary1.5%

Other1.5%

Communication Services0.7%

Utilities0.2%

Energy0.1%

Consumer Staples0.1%

Unknown37.1%

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

10.6%