* 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 |
---|---|---|---|---|
S&S Truck Parts | 1,000 | Automotive | Equity Investment | |
SEKO Global Logistics | - | Transportation: Cargo | Equity Investment | |
ASTP Holdings Co-Investment LP | 87,932 | Transportation: Consumer | Equity Investment | |
Gannett Fleming | 1,228,728 | Construction & Building | Equity Investment | |
Health Management Associates | 495,481 | Healthcare & Pharmaceuticals | Equity Investment | |
E78 | 845,320 | Services: Business | Equity Investment | |
REP HS Topco Holdings (HemaSource Inc.) | 690,669 | Healthcare & Pharmaceuticals | Equity Investment | |
Career Now | - | Services: Business | Equity Investment | |
Career Now | - | Services: Business | Equity Investment | |
Repipe Specialists | - | Services: Consumer | Equity Investment | |
BroadcastMed Holdco, LLC | 687,340 | Media: Diversified & Production | Equity Investment | |
RoadOne - Common | 1,139,197 | Transportation: Cargo | Equity Investment | |
BPC Kodiak LLC (Turbine Engine Specialist, Inc) | 1,974,447 | Aerospace & Defense | Equity Investment | |
Gannett Fleming | 916,397 | Construction & Building | Equity Investment |
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.