26North BDC, Inc

CIK 0001950976

26North BDC, Inc. is a non-traded business development company. With $1.4 billion in total assets, it is one of the smaller funds in the coverage universe. The portfolio is concentrated in direct lending, with 100% in first-lien senior secured loans and 99% floating-rate, at a weighted-average spread of 555 bps over the base rate. Its largest sector exposure is Information Technology (23% of holdings).

NAV/Share

$25.26

AUM

$1.4B

Positions

137

Strategy

Private Credit

Wtd. Avg. Coupon

9.3%

Wtd. Avg. Spread

6 bps

Wtd. Avg. Maturity

4.9 yrs

98% coverage

Top 10 Concentration

34.4%

Instrument type

Share of portfolio fair value

First Lien

98%

of fair value

First Lien Senior Loans98.3%

Equity1.5%

Industry exposure

Share of holdings fair value

Top 5

100%

of holdings

Information Technology23.4%

Health Care8.7%

Industrials5.9%

Materials1.3%

Financials0.1%

Unknown60.6%

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.

Risk & Credit Indicators

PIK in Terms

4.3%