* Industry diversification based on Moody's industry classification. Measured as the fair value of investments for each category against the total fair value of all investments. Totals may not sum due to rounding.
A balanced portfolio built on the cornerstones of diversification and selectivity
Anchored in senior secured loans, NCDL has built a scaled and diversified portfolio by industry, investment type and portfolio company. Selectivity, diversification and rigorous underwriting are key to our investment philosophy, enabling strong credit performance since inception.
Portfolio holdings
Top ten positions
Represents the top ten positions in NCDL based on Fair Value as of June 30, 2024
Company | Fair value ($ in thousands) | Industry | Asset Types | Pricing1 |
---|---|---|---|---|
Affinity Hospice | 6,906,592 | Healthcare & Pharmaceuticals | First Lien Term Loan | S +4.75% |
Ahead Data Blue LLC | 5,141,491 | High Tech Industries | First Lien Term Loan | S +4.25% |
Ahead Data Blue LLC | 4,891,599 | High Tech Industries | First Lien Term Loan | S +3.75% |
AEgis Technologies | 14,531,630 | Aerospace & Defense | First Lien Term Loan | S +4.75% |
Acclaim MidCo, LLC (dba ClaimLogiQ) (Delayed Draw) | -10,964 | High Tech Industries | First Lien Term Loan | S +6.00% |
360 Training | 3,441,337 | Services: Consumer | First Lien Term Loan | S +5.00% |
360 Training (Delayed Draw) | -12,947 | Services: Consumer | First Lien Term Loan | S +5.00% |
Acclaim MidCo, LLC (dba ClaimLogiQ) | 7,953,992 | High Tech Industries | First Lien Term Loan | S +6.00% |
AIT Logistics | 626,446 | Transportation: Cargo | First Lien Term Loan | S +4.75% |
ALKU Intermediate Holdings, LLC | 4,538,489 | Services: Business | First Lien Term Loan | S +6.25% |
Aramsco (Delayed Draw) | 1,022 | Services: Business | First Lien Term Loan | S +4.75% |
Arcadia Consumer Health | 12,490,456 | Consumer Goods: Non-durable | First Lien Term Loan | S +4.50% |
Arcadia Consumer Health (Incremental) | 1,945,241 | Consumer Goods: Non-durable | First Lien Term Loan | S +5.75% |
Argano, LLC | 5,604,776 | High Tech Industries | First Lien Term Loan | S +6.25% |
Aramsco | 1,704,556 | Services: Business | First Lien Term Loan | S +4.75% |
Anne Arundel | 516,000 | Healthcare & Pharmaceuticals | First Lien Term Loan | S +2.75% |
All My Sons | 5,206,643 | Services: Consumer | First Lien Term Loan | S +4.75% |
Alternative Logistics Technologies Buyer, LLC | 10,511,047 | Transportation: Consumer | First Lien Term Loan | S +5.50% |
Alternative Logistics Technologies Buyer, LLC (Delayed Draw) | -29,183 | Transportation: Consumer | First Lien Term Loan | S +5.50% |
Chroma Color Corporation (dba Chroma Color) (Delayed Draw) | -10,484 | Chemicals, Plastics & Rubber | First Lien Term Loan | S +6.00% |
Coding Solutions Acquisitions | 6,352,645 | Banking, Finance, Insurance, Real Estate | First Lien Term Loan | S +5.50% |
E78 | -112,606 | Services: Business | First Lien Term Loan | S +5.50% |
E78 (Delayed Draw) | 4,157,964 | Services: Business | First Lien Term Loan | S +5.50% |
Lynx Franchising, LLC | 9,697,241 | Services: Business | First Lien Term Loan | S +6.75% |
Elevation Labs | 6,725,313 | Consumer Goods: Non-durable | First Lien Term Loan | S +5.75% |
E78 | 1,419,897 | Services: Business | First Lien Term Loan | S +5.50% |
E78 | 5,530,244 | Services: Business | First Lien Term Loan | S +5.50% |
Diligent Corporation | 22,240,994 | High Tech Industries | First Lien Term Loan | S +5.00% |
DMC HoldCo LLC (DMC Power) | 5,005,365 | Utilities: Electric | First Lien Term Loan | S +5.75% |
DMC HoldCo LLC (DMC Power) (Delayed Draw) | 10,192 | Utilities: Electric | First Lien Term Loan | S +5.75% |
1. The majority of the investments bear interest at rates that may be determined by reference to Secured Overnight Financing Rate ("SOFR" or "S"), which reset monthly or quarterly. For each such investment, the Company has provided the spread over SOFR and the current contractual interest rate in effect at June 30, 2024. As of June 30, 2024, rates for 1M S, 3M S, 6M S, 12M S ("SOFR") are 5.34%, 5.32%, 5.25%, and 5.04% respectively. Certain investments are subject to a SOFR floor. For fixed rate loans, a spread above a reference rate is not applicable.