SplitMarks · fund page
GBDC · Golub Capital BDC
What GBDC's own Schedule of Investments says, next to the nine peers we track. All figures from SEC filings as of June 30, 2026; updated quarterly.
Portfolio fair value $8.4B · 1810 reported positions
18.9%of portfolio FV in debt
with a PIK component
with a PIK component
2.2%of loan book (par)
marked below 80
marked below 80
69borrowers shared with
other tracked funds
other tracked funds
6of them with mark gap
≥ 5 points
≥ 5 points
Where GBDC meets its peers
Borrowers held both by GBDC and by at least one other tracked fund, same lien layer. When the marks disagree, the table doesn't say who's right — it says the question exists.
| Borrower | Lien | Funds | Gap, pts | Marks (% of par) | Combined cost |
|---|---|---|---|---|---|
| Pluralsight, LLC | 1L | 3 | 10.7 | OBDC:44.7; OCSL:46.3; GBDC:55.4 | $94.5M |
| Insight Borrower Corporation | 1L | 2 | 8.6 | MAIN:90.9; GBDC:99.5 | $17.2M |
| Armstrong Bidco Limited mixed-basis | 1L | 2 | 7.4 | GBDC:98.5; OBDC:105.9c | $10.3M |
| Denali Intermediate Holdings, Inc. (dba Dun & Bradstreet) | 1L | 2 | 7.1 | OBDC:91.9; GBDC:99.0 | $93.5M |
| Creek Parent, Inc. mixed-basis | D? | 2 | 6.6 | BXSL:98.5; GBDC:105.1c | $70.2M |
| IMPLUS Footcare, LLC | 1L | 2 | 5.9 | GBDC:94.1; MAIN:100.0 | $19.2M |
| PetVet Care Centers, LLC | 1L | 4 | 4.6 | ARCC:83.9; OBDC:85.8; GBDC:87.9; OCSL:88.6 | $328.7M |
| Bamboo US Bidco, LLC mixed-basis | 1L | 3 | 4.6 | ARCC:98.9; GBDC:99.0; OBDC:103.5c | $68.4M |
| Spark Purchaser, Inc. | 1L | 2 | 4.0 | GBDC:96.0; ARCC:100.0 | $87.5M |
| Flexera Software LLC, | 1L | 3 | 3.2 | GBDC:97.5; ARCC:98.0; OBDC:100.7 | $171.9M |
| Business Services Crewline Buyer, Inc | 1L | 4 | 3.0 | OCSL:95.0; TSLX:96.4; OBDC:97.8; GBDC:98.0 | $234.8M |
| Hyland Software, Inc. | 1L | 3 | 3.0 | OBDC:97.0; GBDC:97.5; ARCC:100.0 | $220.5M |
| Collision SP Subco, LLC | 1L | 2 | 2.8 | ARCC:97.2; GBDC:100.0 | $15.0M |
| Mario Purchaser, LLC (dba Len the Plumber) | 1L | 2 | 2.6 | GBDC:89.0; OBDC:91.7 | $50.9M |
| Acquia, Inc. | 1L | 2 | 2.4 | OCSL:96.6; GBDC:99.0 | $47.6M |
| Icefall Parent, Inc. (dba EngageSmart) | 1L | 3 | 2.2 | GBDC:97.0; OCSL:99.2; OBDC:99.3 | $25.7M |
| AI Titan Parent, Inc. (dba Prometheus Group) | 1L | 3 | 2.1 | GBDC:96.6; OBDC:97.2; ARCC:98.6 | $25.9M |
| Packaging Coordinators Midco, Inc. mixed-basis | 1L | 2 | 2.0 | GBDC:98.1; OBDC:100.0c | $195.4M |
| Internet Services Coupa Holdings, LLC | 1L | 3 | 2.0 | TSLX:97.4; OCSL:97.5; GBDC:99.5 | $97.0M |
| Internet Truckstop Group LLC, | 1L | 2 | 2.0 | GBDC:98.0; ARCC:100.0 | $80.5M |
| Optimizely North America, Inc. | 1L | 2 | 2.0 | OCSL:94.8; GBDC:96.8 | $69.1M |
| IQN Holding Corp. | 1L | 2 | 2.0 | GBDC:98.0; ARCC:100.0 | $30.3M |
| Jeppesen Holdings, LLC, | 1L | 3 | 1.9 | OCSL:97.4; GBDC:98.0; ARCC:99.3 | $27.2M |
| MRI Software LLC, | 1L | 3 | 1.8 | OCSL:97.7; ARCC:99.2; GBDC:99.5 | $125.8M |
| Einstein Parent, Inc. (dba Smartsheet) | 1L | 3 | 1.8 | OBDC:98.2; GBDC:98.5; ARCC:100.0 | $97.8M |
| Education EMS Linq, Inc. | 1L | 2 | 1.7 | TSLX:96.3; GBDC:98.0 | $74.6M |
| Viper Bidco, Inc. | 1L | 2 | 1.5 | GBDC:98.5; ARCC:100.0 | $62.9M |
| Patriot Growth Insurance Services, LLC | 1L | 2 | 1.4 | ARCC:97.4; GBDC:98.8 | $99.2M |
| CST Holding Company | 1L | 2 | 1.3 | GBDC:98.7; ARCC:100.0 | $44.3M |
| Fortis Solutions Group, LLC | 1L | 2 | 1.2 | OBDC:98.2; GBDC:99.4 | $89.2M |
| Excelitas Technologies Corp. | 1L | 2 | 1.1 | GBDC:98.9; ARCC:100.0 | $51.2M |
| WU Holdco, Inc. (dba PurposeBuilt Brands) | 1L | 3 | 1.0 | GBDC:99.0; OBDC:99.5; ARCC:100.0 | $112.8M |
| QAD, Inc. | 1L | 2 | 1.0 | GBDC:98.0; OBDC:99.0 | $111.5M |
| Internet Services Arrow Buyer, Inc. | 1L | 2 | 1.0 | TSLX:98.5; GBDC:99.5 | $63.6M |
| Ministry Brands Holdings, LLC | 1L | 2 | 1.0 | OBDC:97.5; GBDC:98.5 | $44.9M |
| Borrower R365 Holdings, LLC | 1L | 2 | 1.0 | GBDC:99.0; ARCC:100.0 | $38.4M |
| Color Intermediate, LLC | 1L | 2 | 1.0 | GBDC:99.0; ARCC:100.0 | $36.9M |
| Anaplan, Inc., | 1L | 3 | 0.8 | GBDC:97.5; OBDC:98.3; ARCC:98.3 | $127.2M |
| MS Buyer, Inc. | 1L | 2 | 0.8 | ARCC:97.6; GBDC:98.4 | $64.5M |
| Essential Services Holding Corporation (dba Turnpoint) | 1L | 2 | 0.8 | OBDC:96.3; GBDC:97.1 | $38.5M |
| Evergreen IX Borrower 2023, LLC | 1L | 2 | 0.8 | GBDC:98.5; OCSL:99.3 | $26.9M |
| Creek Parent, Inc. (dba Catalent) | 1L | 3 | 0.7 | OCSL:98.5; GBDC:98.5; OBDC:99.2 | $203.3M |
| Zendesk, Inc. | 1L | 2 | 0.7 | OBDC:96.8; GBDC:97.5 | $150.3M |
| PSC Parent, Inc. | 1L | 2 | 0.7 | GBDC:99.3; ARCC:100.0 | $68.9M |
| Internet Services Bayshore Intermediate #2, L.P. | 1L | 3 | 0.6 | TSLX:97.9; OBDC:98.2; GBDC:98.5 | $265.1M |
| IG Investments Holdings, LLC (dba Insight Global) | 1L | 2 | 0.6 | GBDC:99.4; OBDC:100.0 | $124.0M |
| Premise Health Holding Corp. | 1L | 2 | 0.6 | OBDC:98.5; GBDC:99.0 | $90.7M |
| Medlar Bidco Limited, | 1L | 2 | 0.6 | GBDC:99.4; ARCC:100.0 | $84.5M |
| Radwell Parent, LLC | 1L | 2 | 0.6 | GBDC:98.7; ARCC:99.4 | $82.7M |
| Education Severin Acquisition, LLC | 1L | 3 | 0.5 | GBDC:96.4; TSLX:96.7; ARCC:96.9 | $216.5M |
| CivicPlus, LLC | 1L | 2 | 0.5 | OBDC:97.9; GBDC:98.4 | $105.9M |
| Vessco Midco Holdings, LLC | 1L | 2 | 0.5 | GBDC:99.5; OBDC:100.0 | $104.8M |
| HuFriedy Group Acquisition, LLC | 1L | 2 | 0.5 | GBDC:99.5; ARCC:100.0 | $101.6M |
| PPW Aero Buyer, Inc. | 1L | 2 | 0.5 | GBDC:99.5; OCSL:100.0 | $86.8M |
| Human Resource Support Services bswift, LLC | 1L | 2 | 0.5 | GBDC:98.5; TSLX:99.0 | $71.6M |
| PPV Intermediate Holdings, LLC | 1L | 2 | 0.5 | OBDC:97.2; GBDC:97.6 | $64.5M |
| Bottomline Technologies, Inc. | 1L | 2 | 0.5 | GBDC:99.5; ARCC:100.0 | $61.7M |
| Wealth Enhancement Group, LLC | 1L | 2 | 0.5 | ARCC:99.1; GBDC:99.6 | $47.3M |
| Blast Bidco Inc. (dba Bazooka Candy Brands) | 1L | 2 | 0.5 | OBDC:99.5; GBDC:100.0 | $41.3M |
| PDI TA Holdings, Inc. | 1L | 2 | 0.5 | OBDC:95.5; GBDC:96.0 | $34.8M |
| People Corporation | 1L | 2 | 0.3 | ARCC:100.0; GBDC:100.3 | $222.8M |
| LDS Intermediate Holdings, LLC | 1L | 2 | 0.3 | OCSL:98.8; GBDC:99.1 | $25.3M |
| Litera Bidco, LLC | 1L | 2 | 0.2 | OBDC:98.2; GBDC:98.5 | $157.1M |
| Gainsight, Inc. | 1L | 2 | 0.2 | OBDC:98.8; GBDC:99.0 | $44.2M |
| Titan BW Borrower L.P. | 1L | 2 | 0.2 | GBDC:98.8; ARCC:98.9 | $39.2M |
| Integrity Marketing Acquisition, LLC | 1L | 3 | 0.1 | GBDC:99.9; OCSL:99.9; OBDC:100.0 | $171.4M |
| Baker Tilly Advisory Group, LP | 1L | 2 | 0.1 | OBDC:100.0; GBDC:100.1 | $90.5M |
| AP Adhesives Holdings, LLC | 1L | 2 | 0.1 | ARCC:99.1; GBDC:99.1 | $37.8M |
| ICIMS, Inc. | 1L | 2 | 0.0 | OCSL:93.4; GBDC:93.4 | $42.2M |
Loans GBDC marks below 80
The fund's own statement that something is off: USD-par debt positions valued below 80 cents on the dollar, largest by principal first.
| Borrower | Principal | Mark |
|---|---|---|
| Titan Fitness, LLC 2 facilities | $49.5M | 65.0 |
| Elite Dental Partners LLC 2 facilities | $32.7M | 12.0–15.0 |
| Abita Brewing Co., L.L.C. 2 facilities | $13.3M | 0.0–26.0 |
| Inhance Parent, Inc. | $12.2M | 45.0 |
| Wineshipping.com LLC | $11.4M | 71.0 |
| Plasma Buyer, LLC | $8.8M | 47.0 |
| Covercraft Parent III, Inc. 2 facilities | $8.2M | 73.0 |
| Pluralsight, LLC | $7.4M | 23.0 |
| Benetech, Inc. 2 facilities | $6.3M | 5.1–40.0 |
| Mario Purchaser, LLC | $5.6M | 77.0 |
| Any Hour, LLC | $3.6M | 74.0 |
| MAPF Holdings, Inc. | $3.5M | 70.0 |
| Reaction Biology Corporation | $3.1M | 69.0 |
| RW AM Holdco, LLC | $1.7M | 78.0 |
| Corsair Blade IV S.A R.L. | $1.2M | 50.2 |
GBDC among the ten
| Fund | PIK share | Marked <80 | Equity share | Portfolio FV |
|---|---|---|---|---|
| HTGC Hercules Capital | 35.2% | 1.0% | 4.5% | $5.1B |
| PSEC Prospect Capital | 20.5% | 28.7% | 14.1% | $10.2B |
| GBDC Golub Capital BDC | 18.9% | 2.2% | 4.2% | $8.4B |
| TSLX Sixth Street Specialty Lending | 18.1% | 2.6% | 4.3% | $3.6B |
| BXSL Blackstone Secured Lending | 13.4% | 7.8% | 1.0% | $13.6B |
| OCSL Oaktree Specialty Lending | 11.2% | 8.1% | 4.3% | $3.3B |
| ARCC Ares Capital | 10.5% | 5.4% | 20.0% | $34.4B |
| OBDC Blue Owl Capital Corporation | 9.3% | 7.4% | 11.4% | $19.3B |
| MAIN Main Street Capital | 7.1% | 6.8% | 29.9% | $6.6B |
| FSK FS KKR Capital | 3.5% | 13.1% | 20.8% | $17.1B |
PIK share — % of portfolio fair value in debt carrying a PIK component (venture lenders run structurally higher). Marked <80 — % of USD-par loan book (par-weighted) the fund itself values below 80 cents on the dollar. Sorted by PIK share.
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Notes
- Source: XBRL-tagged Schedule of Investments from GBDC's latest 10-Q/10-K (SEC EDGAR), measurement date June 30, 2026.
- Marks are fair value ÷ principal (par), USD-denominated par only; equity and non-USD positions excluded from loan-level tables. Aggregate disclosure rows excluded.
- A mark below 80 is the fund's own valuation, not our judgment. A borrower may have several facilities within the same lien level.
- Quarter-over-quarter history of these figures is tracked in the newsletter.