Tensorust Contractor Credit · Jun 30 marks as of 2026-06-30 · Sep 30 marks from 48 BDC filers through 2026-11-06

Federal contractors by lender mark change this quarter

202 federal contractors (distinct UEIs, confidence A or B) borrow from business development companies on a first-lien loan. For 140 of them at least one lender has filed its Sep 30 2026 mark; they are ranked below by the largest single-lender move from Jun 30 to Sep 30, biggest cut first.

What a row is: a lender's own valuation of its first-lien loan to the company, in percent of par, as filed in its 10-Q, and the change from the same fund's prior-quarter filing. What it is not: a default, a rating, a view on the company's contracts or performance, or investment advice. Marks are estimates by each fund and can disagree. Rows labelled Public company or Syndicated loan are already priced by the market; for the rest, the lender mark is the only published price.

#Operating companyLoan filed asFederal since FY2025Largest Jun 30 to Sep 30 moveLowest Sep 30 markJun 30 rangeLenders filed Sep 30Priced by market
1CSC HOLDINGS LLC
NY · UEI HV2NZK4NRRU6 · Department of Justice
Csc Holdings LLC$7,907-19.1 pts
APOLLO DEBT SOLUTIONS BDC
51.270.4 to 70.41 fund; 1 manager hold itPublic company
2TEASDALE FOODS, INC.
TX · UEI M77SN5TH6ET6 · Department of Agriculture
Teasdale Foods INC$8.6M-18.0 pts
MORGAN STANLEY DIRECT LENDING FUND
33.451.3 to 75.02 funds; 2 managers hold itPrivate
3THOMAS SCIENTIFIC, LLC
NJ · UEI CN1DHDM1HDZ5 · Department of Defense
Care Providers And Services Thomas Scientific Thomas Scientific LLC$19.3M-11.6 pts
MIDCAP APOLLO INSTITUTIONAL PRIVATE LENDING
76.788.3 to 88.32 funds; 2 managers hold itPrivate
4ALLENTOWN, LLC
NJ · UEI YJFDAPLFCGK3 · Department of Health and Human Services
Allentown LLC$4.4M-5.5 pts
KAYNE ANDERSON BDC, INC.
90.088.3 to 95.53 funds; 2 managers hold itPrivate
5ATI RESTORATION, LLC
CA · UEI PF7GKP1KLLJ2 · General Services Administration
Ati Restoration LLC$1.0M-3.1 pts
ARES CAPITAL CORP
84.988.0 to 88.01 fund; 1 manager hold itPrivate
6CAERUS US 1 INC.
NY · UEI RLHVUTFVW2X8 · Department of Health and Human Services
Caerus US 1 INC$207K-2.7 pts
MORGAN STANLEY DIRECT LENDING FUND
95.698.3 to 98.81 fund; 2 managers hold itPrivate
7DILIGENT CORPORATION
DC · UEI Z8LJBUBQX4V3 · Smithsonian Institution
Diligent Corporation$198K-2.0 pts
GOLDMAN SACHS BDC, INC.
95.196.1 to 99.56 funds; 10 managers hold itPrivate
8MRI SOFTWARE LLC
OH · UEI CDY6DG29SNH8 · Railroad Retirement Board
Mri Software LLC$9,823-1.5 pts
GOLDMAN SACHS BDC, INC.
96.097.5 to 99.87 funds; 11 managers hold itPrivate
9EAB GLOBAL, INC.
DC · UEI T4KLXKKLHXA1 · Department of Defense
Eab Global INC$10.9M-1.3 pts
APOLLO DEBT SOLUTIONS BDC
89.189.5 to 90.41 fund; 4 managers hold itSyndicated loan
10SECRETARIAT ADVISORS LLC
GA · UEI GYSXE4Y1P4J5 · Department of Justice
Secretariat Advisors LLC$1.4M-1.3 pts
BLACKROCK PRIVATE CREDIT FUND
96.597.8 to 98.62 funds; 5 managers hold itPrivate
11US RENAL CARE INC
TX · UEI NKGDLZ1FM3Y8 · Department of Veterans Affairs
US Renal Care INC$75.9M-1.2 pts
PALMER SQUARE CAPITAL BDC INC.
97.498.6 to 98.61 fund; 2 managers hold itSyndicated loan
12SKYMARK REFUELERS LLC
MO · UEI KH9KNSV8JAN8 · Department of Defense
Skymark Refuelers LLC$69.4M-1.1 pts
NUVEEN CHURCHILL DIRECT LENDING CORP.
98.498.6 to 99.51 fund; 2 managers hold itPrivate
13GUIDEHOUSE INC.
VA · UEI N9NJK877QJK9 · Department of Defense
Guidehouse INC$1.69B-1.0 pts
BLUE OWL CREDIT INCOME CORP.
94.595.5 to 95.53 funds; 1 manager hold itPrivate
14AUCTANE, INC.
TX · UEI CNT4P9MU2N33 · Department of Homeland Security
Auctane INC$898K-1.0 pts
PALMER SQUARE CAPITAL BDC INC.
98.598.5 to 100.07 funds; 8 managers hold itPrivate
15BLACKHAWK NETWORK INC
CA · UEI UZHETVFJH494 · Department of Homeland Security
Blackhawk Network Holdings INC$301K-1.0 pts
BLUE OWL TECHNOLOGY FINANCE CORP.
98.499.4 to 99.73 funds; 3 managers hold itSyndicated loan
16PETVET CARE CENTERS, LLC
CT · UEI F2J9RYT35BJ6 · Department of the Interior
Petvet Care Centers LLC$116K-1.0 pts
BLUE OWL CAPITAL CORP
84.083.9 to 89.57 funds; 6 managers hold itSyndicated loan
17RESONETICS LLC
NH · UEI R6PXEHLJ6Y19 · Department of Health and Human Services
Resonetics LLC$359K-0.9 pts
BLUE OWL CREDIT INCOME CORP.
98.999.8 to 100.02 funds; 3 managers hold itPrivate
18CORNERSTONE ONDEMAND, INC.
CA · UEI TULRN2NYGL95 · Department of Defense
Cornerstone Ondemand INC$23.4M-0.7 pts
ONEX DIRECT LENDING BDC FUND
63.464.1 to 64.21 fund; 3 managers hold itSyndicated loan
19WHITE CAP, L.P.
GA · UEI CV3GKH32FM63 · Department of Defense
White Cap Buyer LLC$2.1M-0.6 pts
GOLDMAN SACHS PRIVATE CREDIT CORP.
99.299.8 to 99.81 fund; 2 managers hold itSyndicated loan
20PERFORCE SOFTWARE INC
MN · UEI KUP8TTB8V7R1 · Department of Transportation
Perforce Software INC$80K-0.6 pts
BLUE OWL TECHNOLOGY INCOME CORP.
52.951.6 to 65.83 funds; 6 managers hold itSyndicated loan
21AMBIENT ENTERPRISES HOLDCO LLC
NJ · UEI HBFDV2G1DK88 · Department of Veterans Affairs
Ambient Enterprises Holdco LLC$6,941-0.6 pts
MONROE CAPITAL INCOME PLUS CORP
99.698.2 to 100.31 fund; 5 managers hold itPrivate
22MOBILE COMMUNICATIONS AMERICA, INC.
SC · UEI XLBFJJK5K864 · Social Security Administration
Mobile Communications America INC$1.6M-0.4 pts
NUVEEN CHURCHILL DIRECT LENDING CORP.
98.899.2 to 100.02 funds; 2 managers hold itPrivate
23CENNOX, INC.
GA · UEI NE4CAZNPY6N5 · Department of State
Cennox INC$44K-0.4 pts
CION INVESTMENT CORP
93.093.4 to 93.41 fund; 1 manager hold itPrivate
24GULFSIDE SUPPLY INC
FL · UEI RLDMBT2KTLK5 · Department of the Interior
Gulfside Supply INC$8,730-0.4 pts
BLACKROCK PRIVATE CREDIT FUND
84.384.7 to 84.71 fund; 1 manager hold itPrivate
25ELEMENT MATERIALS TECHNOLOGY HOLDING USA INC
OH · UEI MEQWYA9G5DX5 · Department of Defense
Element Materials Technology Group US Holdings INC$604K-0.3 pts
BLACKROCK PRIVATE CREDIT FUND
100.3100.7 to 100.71 fund; 1 manager hold itSyndicated loan
26CHOBANI LLC
NY · UEI CK77USNUCNZ3 · Department of Agriculture
Chobani LLC$15.5M-0.2 pts
GOLDMAN SACHS PRIVATE CREDIT CORP.
100.0100.1 to 100.22 funds; 2 managers hold itSyndicated loan
27ENERGYSOLUTIONS, LLC
UT · UEI KM9SQU5P4ZZ4 · Department of Defense
Commercial Services And Supplies Energysolutions LLC$8.0M-0.2 pts
BLACKROCK PRIVATE CREDIT FUND
100.2100.1 to 100.41 fund; 2 managers hold itSyndicated loan
28PALMDALE OIL COMPANY, LLC
FL · UEI F7JWH9M7JMC3 · Department of Defense
Palmdale Oil Company LLC$1.1M-0.2 pts
MONROE CAPITAL INCOME PLUS CORP
99.298.8 to 100.33 funds; 3 managers hold itPrivate
29MAXOR NATIONAL PHARMACY SERVICES, LLC
CA · UEI J9VSD2LK9BT6 · Department of Veterans Affairs
Maxor National Pharmacy Services LLC$534K-0.2 pts
MIDCAP FINANCIAL INVESTMENT CORP
98.999.2 to 99.22 funds; 2 managers hold itPrivate
30SENTINEL TECHNOLOGIES, INC.
IL · UEI KCZKL9F4DQN6 · Railroad Retirement Board
Sentinel Technologies INC$521K-0.2 pts
NUVEEN CHURCHILL DIRECT LENDING CORP.
99.899.0 to 100.01 fund; 2 managers hold itPrivate
31WORLD 50, LLC
GA · UEI V16VE3MBLTX6 · National Aeronautics and Space Administration
World 50 INC$140K-0.2 pts
BARINGS BDC, INC.
99.8100.0 to 100.04 funds; 2 managers hold itPrivate
32WATER SOLUTIONS INC
HI · UEI ERBBBLNRSK87 · Department of Defense
Water Solutions LLC$11K-0.2 pts
GREAT ELM CAPITAL CORP.
100.0100.2 to 100.21 fund; 1 manager hold itPrivate
33DAVITA INC.
CO · UEI PCJQZRE36Z73 · Department of Veterans Affairs
Davita INC$717.1M-0.1 pts
BARINGS PRIVATE CREDIT CORP
99.799.8 to 99.81 fund; 1 manager hold itPublic company
34TK ELEVATOR CORPORATION
TX · UEI CJBJVHUSXAF8 · Department of Veterans Affairs
Machinery Tk Elevator US Newco INC$140.2M-0.1 pts
BLACKROCK PRIVATE CREDIT FUND
100.5100.4 to 100.61 fund; 2 managers hold itSyndicated loan
35TECTA AMERICA CORP
IL · UEI G12FGVBGCKL3 · General Services Administration
Tecta America Corp$8.9M-0.1 pts
BLACKROCK PRIVATE CREDIT FUND
99.9100.0 to 100.22 funds; 2 managers hold itPrivate
36ALLIANCE LAUNDRY SYSTEMS LLC
WI · UEI KMMWCAJYYE23 · Department of Defense
Alliance Laundry Systems LLC$2.3M-0.1 pts
APOLLO DEBT SOLUTIONS BDC
99.9100.0 to 100.22 funds; 2 managers hold itPublic company
37ORBCOMM, INC
NJ · UEI XMU9JJSKGKZ3 · Department of Defense
Orbcomm INC$2.3M-0.1 pts
MORGAN STANLEY DIRECT LENDING FUND
98.898.8 to 99.32 funds; 3 managers hold itPrivate
38NETSMART TECHNOLOGIES, INC.
KS · UEI NJM1D37LAKD5 · Department of Veterans Affairs
Netsmart Technologies INC$674K-0.1 pts
ARES CAPITAL CORP
97.997.5 to 98.53 funds; 3 managers hold itPrivate
39METROPOLIS TECHNOLOGIES, INC.
CA · UEI L3NRQ8KJ3BG1 · Department of Justice
Metropolis Technologies INC$642K-0.1 pts
PALMER SQUARE CAPITAL BDC INC.
98.698.1 to 98.62 funds; 6 managers hold itPrivate
40GRANICUS, LLC
DC · UEI NKBJGQH9Y225 · Department of Housing and Urban Development
Granicus INC$52K-0.1 pts
MORGAN STANLEY DIRECT LENDING FUND
99.998.8 to 100.06 funds; 4 managers hold itPrivate
41TELESTREAM, LLC
CA · UEI LYZKEWVL9823 · U.S. Agency for Global Media
Telestream 2 LLC$50K-0.1 pts
SILVER POINT SPECIALTY LENDING FUND
98.999.0 to 100.01 fund; 3 managers hold itPrivate
42HOBBS & ASSOCIATES, LLC
VA · UEI R43SKJJC6TA4 · Department of Veterans Affairs
Hobbs And Associates LLC$17K-0.1 pts
BLACKROCK PRIVATE CREDIT FUND
99.9100.0 to 100.01 fund; 1 manager hold itPrivate
43SYSTEMS PLANNING AND ANALYSIS, INC.
VA · UEI TRE8LWVNNXL3 · Department of Defense
Systems Planning And Analysis INC$1.00B0.0 pts
ARES CAPITAL CORP
100.099.5 to 100.01 fund; 5 managers hold itPrivate
44TWO SIX LABS, LLC
VA · UEI EP8HTN6PUJW3 · Department of Defense
Two Six Labs LLC$219.2M0.0 pts
ARES CAPITAL CORP
99.699.4 to 100.02 funds; 2 managers hold itPrivate
45FRONTGRADE TECHNOLOGIES INC.
NH · UEI VNP2L293JWL6 · Department of Defense
Frontgrade Technologies Holdings INC$74.7M0.0 pts
GOLDMAN SACHS PRIVATE CREDIT CORP.
97.897.8 to 97.82 funds; 1 manager hold itPrivate
46PRECISION, LLC
OR · UEI W77RJMD7DUE3 · Department of Agriculture
Precision LLC$56.2M0.0 pts
BARINGS BDC, INC.
100.0100.0 to 100.03 funds; 1 manager hold itPrivate
47HANGER, INC.
TX · UEI QM9SN4VFRF58 · Department of Veterans Affairs
Hanger INC$32.5M0.0 pts
APOLLO DEBT SOLUTIONS BDC
100.5100.5 to 100.51 fund; 2 managers hold itPrivate
48ADVANCED COOLING TECHNOLOGIES INC
PA · UEI Z8KVZV3DR7J4 · Department of Energy
Advanced Cooling Technologies INC$19.9M0.0 pts
GOLDMAN SACHS PRIVATE CREDIT CORP.
99.099.0 to 99.53 funds; 3 managers hold itPrivate
49ZAYO GROUP LLC
CO · UEI EACWBKJV6636 · Department of Health and Human Services
Diversified Telecommunication Services Zayo Group Holdings INC$17.6M0.0 pts
BLACKROCK PRIVATE CREDIT FUND
100.1100.1 to 100.12 funds; 2 managers hold itSyndicated loan
50NS & ASSOCIATES, LLC
MD · UEI YA4NPFRKBJF2 · General Services Administration
Ns And Associates LLC$8.1M0.0 pts
SLR HC BDC LLC
100.098.7 to 100.01 fund; 2 managers hold itPrivate
51CORITY SOFTWARE INC.
· UEI JJKKJ9PYWAP1 · Department of Health and Human Services
Cority Software INC$7.5M0.0 pts
ARES CAPITAL CORP
96.997.0 to 99.53 funds; 2 managers hold itPrivate
52APRYSE SOFTWARE CORP.
CO · UEI SDCCLQK27WZ3 · Department of State
Apryse Software Corp$5.0M0.0 pts
MORGAN STANLEY DIRECT LENDING FUND
96.595.9 to 100.02 funds; 2 managers hold itPrivate
53LYTX, INC.
CA · UEI DNN7P51GNJY1 · Department of State
Lytx INC$3.5M0.0 pts
BLUE OWL CAPITAL CORP II
100.0100.0 to 100.02 funds; 2 managers hold itPrivate
54GUIDEPOINT SECURITY LLC
VA · UEI JDLCCA1DSVX3 · Department of Defense
Guidepoint Security Holdings LLC$3.3M0.0 pts
ARES CAPITAL CORP
100.098.7 to 100.02 funds; 2 managers hold itPrivate
55GENUINE CABLE GROUP, LLC
VA · UEI EP6JXEP15RF3 · Department of Defense
Genuine Cable Group LLC$2.9M0.0 pts
KAYNE ANDERSON BDC, INC.
100.0100.0 to 100.02 funds; 1 manager hold itPrivate
56THE CHARTIS GROUP, LLC
IL · UEI ZDJMLQJBH326 · Department of Health and Human Services
The Chartis Group LLC$1.9M0.0 pts
CARLYLE SECURED LENDING, INC.
100.099.4 to 100.01 fund; 3 managers hold itPrivate
57JONES FISH HATCHERIES & DISTRIBUTORS LLC
OH · UEI YNLJPUKXVKW5 · Department of Defense
Jones Fish Hatcheries And Distributors LLC$1.3M0.0 pts
ARES CAPITAL CORP
100.0100.0 to 100.02 funds; 1 manager hold itPrivate
58ARTIVION, INC
GA · UEI L23KYFC21D68 · Department of Veterans Affairs
Artivion INC$1.2M0.0 pts
ARES STRATEGIC INCOME FUND
100.0100.0 to 100.01 fund; 1 manager hold itPublic company
59EXCELITAS TECHNOLOGIES CORP
CO · UEI MTXSJEVQZ8W8 · Department of Commerce
Excelitas Technologies Corp$812K0.0 pts
ARES CAPITAL CORP
100.098.9 to 100.02 funds; 3 managers hold itPrivate
60PYE-BARKER FIRE & SAFETY, LLC
FL · UEI GMQ3MCMJANN1 · Department of Defense
Pye-barker Fire And Safety LLC$607K0.0 pts
ARES STRATEGIC INCOME FUND
100.1100.1 to 100.33 funds; 3 managers hold itPrivate
61ARBORWORKS, LLC
CA · UEI KGWXWAW8MG86 · Department of Agriculture
Arborworks LLC$576K0.0 pts
MAIN STREET CAPITAL CORP
100.099.0 to 100.03 funds; 3 managers hold itPrivate
62RADIUS AEROSPACE, INC.
AR · UEI F9QJAGTTJHL6 · Department of Defense
Radius Aerospace INC$501K0.0 pts
ARES CAPITAL CORP
100.099.5 to 100.01 fund; 3 managers hold itPrivate
633 STEP SPORTS LLC
MA · UEI M9GHJAFT22K1 · Department of Defense
3 Step Sports LLC$500K0.0 pts
ARES CAPITAL CORP
100.098.2 to 100.02 funds; 2 managers hold itPrivate
64REWORLD HOLDING CORPORATION
NJ · UEI EEBLMLKWDGJ9 · Department of Justice
Reworld Holding Corporation$481K0.0 pts
APOLLO DEBT SOLUTIONS BDC
99.899.9 to 100.12 funds; 3 managers hold itPrivate
65ARAS CORPORATION
MA · UEI C1H4DPB1FX94 · Department of Defense
Aras Corporation$385K0.0 pts
MONROE CAPITAL INCOME PLUS CORP
99.397.2 to 100.03 funds; 3 managers hold itPrivate
66NRG ENERGY, INC
NJ · UEI FA97FK2Z2PJ5 · National Aeronautics and Space Administration
Nrg Energy INC$299K0.0 pts
ARES CORE INFRASTRUCTURE FUND
99.899.8 to 100.01 fund; 2 managers hold itPublic company
67FORTIS SOLUTIONS LLC
VA · UEI NVNAELEFNMN9 · Department of Veterans Affairs
Fortis Solutions Group LLC$294K0.0 pts
NEW MOUNTAIN FINANCE CORP
98.798.2 to 100.05 funds; 4 managers hold itPrivate
68HYLAND SOFTWARE INC
OH · UEI KPENNJTYK1B3 · Department of Transportation
Hyland Software INC$280K0.0 pts
GOLDMAN SACHS PRIVATE CREDIT CORP.
98.097.0 to 100.08 funds; 6 managers hold itPrivate
69STS OPERATING INC
MA · UEI GEZPNX8Q2RM3 · Department of Defense
Sts Operating INC$261K0.0 pts
BARINGS PRIVATE CREDIT CORP
100.0100.0 to 100.21 fund; 2 managers hold itPrivate
70EIS LEGACY LLC
GA · UEI NPKEU5K176A5 · Department of Defense
Eis Legacy Holdco LLC$225K0.0 pts
ARES CAPITAL CORP
100.0100.0 to 100.01 fund; 1 manager hold itPrivate
71STEEL LLC
ID · UEI Z8LUYVMLJES8 · Department of Agriculture
Steel LLC$177K0.0 pts
MAIN STREET CAPITAL CORP
100.0100.0 to 100.03 funds; 2 managers hold itPrivate
72K2 TOWERS II LLC
OH · UEI N7MJUR63XM51 · Department of Justice
United States 1ST Lien/last-out Unitranche K2 Towers II LLC$169K0.0 pts
GOLDMAN SACHS PRIVATE CREDIT CORP.
94.194.1 to 94.11 fund; 2 managers hold itPrivate
73APTEAN, INC.
GA · UEI H9CBKY759LD4 · Department of Justice
Aptean INC$155K0.0 pts
GOLDMAN SACHS PRIVATE CREDIT CORP.
98.598.1 to 99.73 funds; 3 managers hold itPrivate
74DURASERV LLC
TX · UEI NU6FTLJQGK64 · Department of Commerce
Duraserv LLC$93K0.0 pts
ARES STRATEGIC INCOME FUND
98.798.4 to 99.75 funds; 3 managers hold itPrivate
75DIGICERT, INC.
UT · UEI XW8XSKM51JJ4 · Agency for International Development
Digicert INC$87K0.0 pts
VISTA CREDIT STRATEGIC LENDING CORP.
98.094.3 to 100.03 funds; 3 managers hold itPrivate
76CENTRALSQUARE TECHNOLOGIES, LLC
FL · UEI PFMNZKNMBL68 · Department of Defense
Centralsquare Technologies LLC$68K0.0 pts
NEW MOUNTAIN FINANCE CORP
100.097.5 to 100.03 funds; 4 managers hold itPrivate
77JF ACQUISITION, LLC
NC · UEI KYN8DMJWJG19 · Department of Veterans Affairs
Jf Acquisition LLC$64K0.0 pts
BLACKROCK DIRECT LENDING CORP.
99.098.2 to 99.03 funds; 2 managers hold itPrivate
78REVALIZE INC
FL · UEI C6K8RHL468V6 · Department of Health and Human Services
Revalize INC$64K0.0 pts
ARES CAPITAL CORP
85.785.7 to 93.71 fund; 3 managers hold itPrivate
79ALDINGER CO LTD
CO · UEI UZ33JAG7NTM8 · Department of the Interior
Aldinger Company$60K0.0 pts
ARES CAPITAL CORP
97.695.9 to 100.03 funds; 2 managers hold itPrivate
80THREE RIVERS INC
KS · UEI V9E4KLZ59UR4 · Department of Health and Human Services
Three Rivers Buyer INC$47K0.0 pts
ARES STRATEGIC INCOME FUND
100.099.3 to 100.01 fund; 2 managers hold itPrivate
81COORSTEK INC
AR · UEI VQZNA7PUN4J4 · National Aeronautics and Space Administration
Coorstek INC$46K0.0 pts
BLACKROCK PRIVATE CREDIT FUND
100.1100.1 to 100.32 funds; 3 managers hold itPrivate
82TIGERCONNECT, INC.
CA · UEI N6VBMNJA1W37 · Department of Defense
Tigerconnect INC$42K0.0 pts
NEW MOUNTAIN FINANCE CORP
99.099.0 to 100.02 funds; 2 managers hold itPrivate
83PRODUCTION RESOURCE GROUP LLC
NY · UEI YL4ER7CZCMN1 · Department of Defense
Production Resource Group LLC$36K0.0 pts
ARES CAPITAL CORP
100.0100.0 to 100.01 fund; 1 manager hold itPrivate
84OMNIGO SOFTWARE, LLC
MO · UEI PD7XNNGUGLZ7 · National Gallery of Art
Omnigo Software LLC$35K0.0 pts
ARES STRATEGIC INCOME FUND
99.098.7 to 98.72 funds; 1 manager hold itPrivate
85TRYSTAR, LLC.
MN · UEI YQQGLM79NV29 · Department of Veterans Affairs
Trystar LLC$26K0.0 pts
GOLDMAN SACHS PRIVATE CREDIT CORP.
99.099.0 to 99.02 funds; 1 manager hold itPrivate
86SPECIALTYCARE, INC
TN · UEI K9CRJAZBNG17 · Department of Veterans Affairs
Specialtycare INC$26K0.0 pts
GOLDMAN SACHS PRIVATE CREDIT CORP.
99.399.3 to 99.82 funds; 3 managers hold itPrivate
87GROUND PENETRATING RADAR SYSTEMS, LLC
OH · UEI HEYWFLGZNMR8 · Department of Veterans Affairs
Ground Penetrating Radar Systems LLC$14K0.0 pts
ARES STRATEGIC INCOME FUND
100.0100.0 to 100.01 fund; 1 manager hold itPrivate
88DIVERZIFY + LLC
IL · UEI UQ58BV1WC685 · Smithsonian Institution
Diverzify Intermediate LLC$14K0.0 pts
KAYNE DL 2021, INC.
100.0100.0 to 100.01 fund; 1 manager hold itPrivate
89ALERT MEDIA INC
TX · UEI X14FMKJFNWM5 · Department of Defense
Alert Media INC$7,8260.0 pts
MORGAN STANLEY DIRECT LENDING FUND
98.698.6 to 100.01 fund; 2 managers hold itPrivate
90TRANSDIGM INC
OH · UEI KU8MSC4HELN8 · Department of Defense
Transdigm INC$38.4M+0.1 pts
APOLLO DEBT SOLUTIONS BDC
100.2100.1 to 100.11 fund; 3 managers hold itPublic company
91CIVICPLUS, LLC
KS · UEI JF9GU4LFHNN3 · Executive Office of the President
Civicplus LLC$325K+0.1 pts
BLACKROCK DIRECT LENDING CORP.
99.297.9 to 99.16 funds; 3 managers hold itPrivate
92GFL ENVIRONMENTAL SERVICES USA, INC
IL · UEI XVH6G4LAUNS3 · Department of the Interior
Commercial Services And Supplies Gfl Environmental Services INC$16K+0.1 pts
BLACKROCK PRIVATE CREDIT FUND
100.2100.1 to 100.21 fund; 2 managers hold itPublic company
93MILLERKNOLL INC
MI · UEI Q2K3MSZ843D8 · Department of Defense
Millerknoll INC$19.4M+0.2 pts
BARINGS PRIVATE CREDIT CORP
99.899.6 to 99.61 fund; 1 manager hold itPublic company
94DNANEXUS, INC.
CA · UEI D3WLJYBFS2M3 · Department of Health and Human Services
Dnanexus INC$10.3M+0.2 pts
BLACKROCK PRIVATE CREDIT FUND
99.499.2 to 99.22 funds; 1 manager hold itPrivate
95NATUS MEDICAL INCORPORATED
WI · UEI UMMUFALM4JJ3 · Department of Veterans Affairs
Natus Medical INC$7.3M+0.2 pts
GREAT ELM CAPITAL CORP.
99.599.3 to 99.31 fund; 1 manager hold itPrivate
96ALIXPARTNERS, LLP
NY · UEI ULYKYJQKN2R3 · Department of Justice
Alixpartners LLP$6.1M+0.2 pts
GOLDMAN SACHS PRIVATE CREDIT CORP.
99.699.3 to 99.32 funds; 2 managers hold itPrivate
97NETWRIX CORPORATION
TX · UEI JNKDQNXUTCF8 · Department of Defense
Software Netwrix Corporation$87K+0.2 pts
MORGAN STANLEY DIRECT LENDING FUND
98.598.3 to 98.31 fund; 1 manager hold itPrivate
98SKYDIO, INC
CA · UEI LTBJCLHYL5S9 · Department of the Interior
Skydio INC$8.2M+0.3 pts
BLACKROCK PRIVATE CREDIT FUND
101.0100.7 to 100.72 funds; 1 manager hold itPrivate
99MACQUEEN EQUIPMENT LLC
MN · UEI FJNXQJPLEWZ7 · Department of Defense
Macqueen Equipment LLC$657K+0.3 pts
MIDCAP APOLLO INSTITUTIONAL PRIVATE LENDING
99.599.2 to 99.21 fund; 1 manager hold itPrivate
100UNCHAINED LABS, LLC
CA · UEI GDPPYJPBAMM5 · Department of Health and Human Services
Unchained Labs LLC$308K+0.3 pts
MIDCAP FINANCIAL INVESTMENT CORP
99.498.2 to 99.11 fund; 2 managers hold itPrivate
101NAVEX GLOBAL, INC
OR · UEI ZAKXCKM58469 · National Gallery of Art
Software Navex Global Holdings Corporation$8,391+0.3 pts
5C LENDING PARTNERS CORP.
98.898.5 to 99.51 fund; 3 managers hold itPrivate
102CHERRY BEKAERT ADVISORY LLC
NC · UEI XEBBP3WM89Y1 · Department of Commerce
Cherry Bekaert Advisory LLC$3.9M+0.4 pts
BARINGS BDC, INC.
98.798.3 to 99.62 funds; 4 managers hold itPrivate
103TRINTECH INC
TX · UEI ZHQYXB8LTCW8 · Department of Education
Trintech INC$821K+0.4 pts
CARLYLE SECURED LENDING, INC.
97.896.0 to 98.71 fund; 6 managers hold itPrivate
104AMERICAN AIRLINES, INC
TX · UEI MSYJX48BX3G6 · Department of Defense
American Airlines INC$31.2M+0.5 pts
BARINGS PRIVATE CREDIT CORP
99.298.6 to 98.71 fund; 2 managers hold itPublic company
105USR PARENT INC
MA · UEI ZWGLKFD1ZJP1 · Department of Energy
Usr Parent INC$7.0M+0.5 pts
CARLYLE SECURED LENDING, INC.
99.599.0 to 99.01 fund; 1 manager hold itPrivate
106FORMERRA LLC
IL · UEI CHAQV8VD6VT8 · Department of Defense
Formerra LLC$706K+0.5 pts
BLUE OWL CREDIT INCOME CORP.
100.099.5 to 99.51 fund; 1 manager hold itPrivate
107US LEGAL SUPPORT INC
TX · UEI H886A3NYLFX5 · Department of Justice
US Legal Support INC$278K+0.5 pts
CARLYLE SECURED LENDING, INC.
99.699.1 to 99.11 fund; 1 manager hold itPrivate
108HOLOGIC, INC.
MA · UEI WHWJBKU5SX73 · Department of Veterans Affairs
Hologic INC$9.7M+0.6 pts
GOLDMAN SACHS PRIVATE CREDIT CORP.
98.497.8 to 98.02 funds; 3 managers hold itSyndicated loan
109CENGAGE LEARNING, INC.
OH · UEI GVF9XNR1HF79 · Department of Defense
Cengage Learning INC$5.2M+0.6 pts
PALMER SQUARE CAPITAL BDC INC.
99.799.1 to 99.21 fund; 2 managers hold itSyndicated loan
110ENVERUS, INC.
TX · UEI JGNNGHSK8FC5 · Department of Energy
Enverus INC$1.6M+0.6 pts
CARLYLE SECURED LENDING, INC.
99.799.1 to 99.11 fund; 1 manager hold itPrivate
111ISLAND PUMP AND TANK, LLC
NY · UEI P2KKUNNETC89 · General Services Administration
Island Pump And Tank LLC$119K+0.6 pts
MAIN STREET CAPITAL CORP
82.682.0 to 82.02 funds; 1 manager hold itPrivate
112ZENDESK, INC.
CA · UEI K8JTE3C7S7N5 · Institute of Museum and Library Services
Zendesk INC$11K+0.6 pts
BLACKROCK DIRECT LENDING CORP.
98.496.8 to 99.35 funds; 4 managers hold itPrivate
113BY LIGHT PROFESSIONAL IT SERVICES LLC
VA · UEI NKKQE6FG4C28 · Department of Defense
By Light Professional It Services LLC$322.7M+0.7 pts
BLUE OWL TECHNOLOGY INCOME CORP.
97.196.4 to 98.54 funds; 3 managers hold itPrivate
114COUPA SOFTWARE INCORPORATED
CA · UEI DGN6ES1QYEL7 · Department of Defense
Coupa Software Incorporated$1.2M+0.7 pts
APOLLO DEBT SOLUTIONS BDC
96.895.1 to 96.01 fund; 2 managers hold itPrivate
115WORLD WIDE TECHNOLOGY LLC
MO · UEI C8VFSNKTMQB6 · Department of Defense
World Wide Technology Holding Co LLC$1.34B+0.8 pts
GOLDMAN SACHS PRIVATE CREDIT CORP.
100.399.4 to 99.41 fund; 1 manager hold itSyndicated loan
116AGILITI HEALTH INC
MN · UEI M3DQYY15GLP8 · Department of Defense
Agiliti Health INC$163.8M+0.9 pts
ARES STRATEGIC INCOME FUND
97.396.3 to 96.71 fund; 3 managers hold itSyndicated loan
117TRIDENT MARITIME SYSTEMS, INC.
VA · UEI MP5UJHMEHFV1 · Department of Defense
Trident Maritime Systems INC$16.4M+0.9 pts
MONROE CAPITAL INCOME PLUS CORP
92.086.0 to 93.64 funds; 2 managers hold itPrivate
118BIG TOP INC
PR · UEI EKTPWT88F7G5 · Department of Defense
Big Top Holdings$12K+1.0 pts
KAYNE ANDERSON BDC, INC.
101.0100.0 to 100.02 funds; 1 manager hold itPrivate
119JENSEN HUGHES, INC.
MD · UEI NM8HVXPHLEK7 · Department of Defense
Jensen Hughes INC$21.8M+1.2 pts
APOLLO DEBT SOLUTIONS BDC
100.098.8 to 99.51 fund; 2 managers hold itPrivate
120TYTO ATHENE, LLC
VA · UEI FUJBQFTWPPH6 · Social Security Administration
Tyto Athene LLC$14.6M+1.2 pts
NUVEEN CHURCHILL DIRECT LENDING CORP.
95.294.0 to 97.31 fund; 2 managers hold itPrivate
121NEXSTAR MEDIA INC.
TX · UEI PV8WEP8EE7Q1 · Department of Justice
Nexstar Media INC$593K+1.4 pts
BARINGS PRIVATE CREDIT CORP
100.398.9 to 99.11 fund; 3 managers hold itPublic company
122ANCILE SOLUTIONS INC
MD · UEI MN1YPHNV1EJ8 · Department of Education
Ancile Solutions INC$96K+1.4 pts
CION INVESTMENT CORP
120.1102.3 to 118.81 fund; 2 managers hold itPrivate
123HERMEUS CORP
GA · UEI Y3D9D7QN2LP3 · Department of Defense
Hermeus Corporation$1.2M+1.6 pts
HERCULES CAPITAL, INC.
98.496.8 to 96.81 fund; 1 manager hold itPrivate
124EISNER ADVISORY GROUP LLC
NY · UEI KV88CWUW93N1 · Securities and Exchange Commission
Eisner Advisory Group LLC$75K+1.7 pts
GOLDMAN SACHS PRIVATE CREDIT CORP.
99.798.0 to 98.41 fund; 6 managers hold itPrivate
125ANKURA CONSULTING GROUP, LLC
NY · UEI WT7WLEKETSE7 · Department of Justice
Ankura Consulting Group LLC$1.7M+1.8 pts
PALMER SQUARE CAPITAL BDC INC.
96.394.3 to 95.02 funds; 3 managers hold itPrivate
126MAIN LINE COMMERCIAL POOLS INC
PA · UEI US2AHP3RYXV5 · Department of Defense
Main Line Commercial Pools LLC$161K+1.8 pts
BARINGS PRIVATE CREDIT CORP
99.197.3 to 98.83 funds; 2 managers hold itPrivate
127ASCEND LEARNING INC
NY · UEI V9BLAFGAEB59 · Department of Education
Diversified Consumer Services Ascend Learning LLC$2+1.8 pts
BLACKROCK PRIVATE CREDIT FUND
99.597.4 to 97.71 fund; 3 managers hold itSyndicated loan
128NATUS SENSORY, INC.
IL · UEI L7HAY83GYCX8 · Department of Veterans Affairs
Care Equipment And Supplies Natus Sensory Natus Sensory INC$1.7M+2.2 pts
MIDCAP APOLLO INSTITUTIONAL PRIVATE LENDING
98.796.5 to 96.51 fund; 1 manager hold itPrivate
129ONE SILVER SERVE, LLC
CA · UEI W15JHMP4QHQ1 · Department of Homeland Security
One Silver Serve LLC$19K+2.4 pts
APOLLO DEBT SOLUTIONS BDC
99.096.6 to 101.01 fund; 2 managers hold itPrivate
130VERIFONE SYSTEMS, INC.
FL · UEI F5TZM81L1KH9 · Department of Defense
Verifone Systems INC$321K+2.5 pts
PALMER SQUARE CAPITAL BDC INC.
97.394.6 to 94.81 fund; 2 managers hold itSyndicated loan
131EPICOR SOFTWARE CORPORATION
TX · UEI GQ5FJU2UCAF1 · Department of Justice
Software Epicor Software Corporation$134K+2.6 pts
BLACKROCK PRIVATE CREDIT FUND
98.495.4 to 95.81 fund; 2 managers hold itSyndicated loan
132PERATON INC.
VA · UEI ZBPQEJVECCT4 · General Services Administration
Aerospace And Defense Peraton Corp$6.69B+2.9 pts
PALMER SQUARE CAPITAL BDC INC.
93.490.5 to 90.51 fund; 2 managers hold itSyndicated loan
133SOVOS COMPLIANCE, LLC
MA · UEI H9YEMRELNM46 · Department of the Treasury
Sovos Compliance LLC$37K+3.5 pts
BLUE OWL TECHNOLOGY INCOME CORP.
97.193.5 to 94.04 funds; 4 managers hold itPrivate
134COTIVITI INC
GA · UEI MXFGRDVE6XL6 · Department of Defense
Cotiviti INC$6,941+4.4 pts
BLUE OWL CREDIT INCOME CORP.
95.891.0 to 91.31 fund; 3 managers hold itSyndicated loan
135REALPAGE, INC.
TX · UEI YQRNHLU8M188 · General Services Administration
Realpage INC$357K+4.7 pts
BLACKROCK PRIVATE CREDIT FUND
98.793.8 to 94.36 funds; 6 managers hold itSyndicated loan
136PRECISELY SOFTWARE INCORPORATED
NY · UEI L8B6MT4H9KP5 · Pension Benefit Guaranty Corporation
Precisely Software Incorporated$195K+5.2 pts
PALMER SQUARE CAPITAL BDC INC.
82.076.8 to 76.81 fund; 1 manager hold itSyndicated loan
137AMERICAN ROCK SALT COMPANY LLC
NY · UEI F6URJTXM3MX7 · Department of Veterans Affairs
American Rock Salt Company LLC$145K+5.2 pts
PALMER SQUARE CAPITAL BDC INC.
98.893.5 to 93.51 fund; 1 manager hold itPrivate
138SABRE GLBL INC
TX · UEI SS67AVEZQJL4 · Department of Homeland Security
Sabre Glbl INC$302K+5.3 pts
BARINGS PRIVATE CREDIT CORP
94.288.9 to 88.91 fund; 1 manager hold itPublic company
139SYMPLR SOFTWARE LLC
TX · UEI SLGEW42FPHN1 · Department of Veterans Affairs
Symplr Software Intermediate Holdings INC$1.6M+18.4 pts
ARES STRATEGIC INCOME FUND
83.865.6 to 65.62 funds; 1 manager hold itSyndicated loan
140MEDALLIA, INC.
CA · UEI ZDLMRUM7QP65 · Department of Commerce
Medallia INC$154K+56.3 pts
MONROE CAPITAL INCOME PLUS CORP
97.639.0 to 41.33 funds; 3 managers hold itPrivate

Marks in percent of par. A move is the change in one fund's mark for the same loan between its Jun 30 and Sep 30 filings; the column shows the fund with the largest cut. Not yet filed for Sep 30 (62 contractors), largest federal exposure first: MAG DS CORP; SMARTRONIX, LLC; SIGMA DEFENSE SYSTEMS LLC; TACTICAL AIR SUPPORT, INC.; ALLISON TRANSMISSION INC; SABEL SYSTEMS TECHNOLOGY SOLUTIONS, LLC; MICHAEL BAKER INTERNATIONAL, INC.; DELEK US HOLDINGS, INC; BMC SOFTWARE, INC.; BRIDGER AEROSPACE GROUP, LLC; UNITED AIRLINES, INC.; INOTIV, INC; BELMONT INSTRUMENT LLC; ASTRANIS SPACE TECHNOLOGIES CORP; WEST STAR AVIATION, LLC; GEOSYNTEC CONSULTANTS, INC.; NIELSEN CONSUMER LLC; BATTERIES PLUS, LLC; CIRCANA GROUP, L.P.; TANGENT TECHNOLOGIES LLC; ESO SOLUTIONS, INC.; RECOVERY POINT SYSTEMS INC; MCGRAW HILL LLC; PHARMALOGIC HOLDINGS CORP.; OPEN TEXT INC.; and more. Holdco to operating company resolution as of 2026-11-06; method on Contractor Credit. Tensorust LLC is not affiliated with any fund or company named here.

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