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Business Development Companies disclose their full loan portfolios in quarterly SEC filings. But pulling those filings apart, matching the same loan across multiple BDCs, and aggregating up to see the total exposure and top lenders in each deal is an enormous technical challenge. Dakota has done it, and the result is the most complete visibility into private credit loan ownership available anywhere.
Every public BDC files a quarterly portfolio disclosure with the SEC. Each filing contains the full list of that BDC's loans. The problem is that each filing only shows one BDC's slice. A single middle-market company may have borrowed from five different BDCs simultaneously, with no public source that shows the total picture.
"Private credit has become one of the largest forces in the global financial system. But unlike public markets, loan ownership has always been nearly impossible to see. What makes Dakota's BDC database genuinely different is the loan-level aggregation, you can see every underlying loan across every public BDC, and for each loan, you can see exactly which BDCs hold it and how much. Nobody else has done this."
Dakota Marketplace · BDC Holdings DatabaseEvery publicly traded BDC files its full loan portfolio with the SEC every quarter. Dakota ingests every filing from every public BDC, extracting the structured loan data from each portfolio disclosure into a standardized format. The raw ingredient is the filings. The challenge is everything that comes after.
The hardest part. When multiple firms all hold a position in the same middle-market company, each BDC's filing lists it under a slightly different entity name, sometimes a subsidiary, sometimes the parent, sometimes a special purpose vehicle. Dakota's matching process resolves these discrepancies and links the same underlying borrower across every BDC that has lent to them. This is the technical work that no other source has done at scale.
Once the loan is matched across BDCs, Dakota aggregates up: total BDC exposure to that borrower, ranked list of BDC lenders by position size, loan type breakdown (first lien, second lien, revolver, subordinated), and industry classification. The result tells you instantly who owns how much of every loan in the public BDC universe.
When Firm A discloses its position in a middle-market company, it tells you Firm A's slice. When Firm B discloses its position in the same company, it tells you Firm B's slice. Neither filing tells you the total BDC debt exposure, the full lender stack, or where each BDC ranks. That aggregated view only exists in Dakota.
| BDC Lender | Loan Type | Rank | Position Size |
|---|---|---|---|
| Ares Capital Corporation (ARCC) | First Lien | 1 | $48.2M |
| Blue Owl Capital Corporation | First Lien | 2 | $31.5M |
| FS KKR Capital Corp | First Lien | 3 | $22.0M |
| Golub Capital BDC | First Lien | 4 | $18.7M |
| New Mountain Finance Corporation | Second Lien | 5 | $15.3M |
Illustrative example for format reference. Actual records reflect real, verified BDC loan data aggregated across all public BDC quarterly filings.
The Dakota BDC Holdings Database aggregates and structures BDC portfolio disclosures into a searchable intelligence platform, with the specific data fields that deal professionals, credit analysts, and distribution teams need to do their work.
For every middle-market borrower financed by public BDCs, see the complete picture: total BDC exposure, ranked list of lenders by position size, each BDC's individual position, and the loan type composition. The aggregated view that no single BDC filing can provide, only available from Dakota.
See the complete loan portfolio of any public BDC, every borrower, every position size, every loan type, every sector, aggregated from quarterly SEC filings and standardized for comparison across lenders. Analyze any BDC's portfolio in seconds rather than hours of filing review.
See every portfolio company financed by public BDCs, the borrower identity, sector, industry, and the full BDC lender stack. Know instantly who has debt exposure to any middle-market company in the BDC universe, and the capital structure implications of that exposure.
Principal amounts and fair values for every BDC loan position. First lien term loans, second lien facilities, revolvers, subordinated debt, every loan type classified and searchable. The position sizing that tells you how committed each BDC is to each borrower relationship.
Every borrower tagged by sector, industry, and sub-industry, enabling instant analysis of which BDCs are most concentrated in healthcare, technology, industrials, or any other vertical. Portfolio concentration data that reveals where each BDC has conviction and where they are diversifying.
Track how BDC portfolios evolve quarter over quarter, new positions added, existing positions exited or marked down, and shifts in sector concentration. The historical view that makes trends visible and refinancing timelines predictable.
Before Dakota's BDC Holdings Database, answering these questions required hours of filing review, manual reconciliation, and incomplete data. Now they take seconds, because the aggregation has already been done.
Filter by sector or industry to instantly see every BDC with active loan exposure in healthcare, technology, industrials, or any other vertical, ranked by total exposure and number of positions.
Pull up any BDC-financed borrower and see the complete ranked list of BDC lenders, position sizes, loan types, and total BDC debt exposure, aggregated from every BDC filing that includes that borrower.
Identify every borrower that has attracted capital from two or more public BDCs simultaneously, the companies with the most institutional private credit support, and the most complex lender dynamics when a transaction event occurs.
Track position vintages and holding periods across BDC portfolios to identify loans approaching maturity or BDC assets that have been held long enough to suggest a potential exit or refinancing event in the near term.
Filter BDC loan portfolios by PE sponsor backing to see which BDCs have the deepest relationships with specific private equity sponsors, and which sponsors are most reliant on specific BDC relationships for their portfolio company financing.
Before approaching any BDC-financed company in a potential transaction, see the full debt stack, which BDCs hold positions, what type of debt, and at what principal amounts, so the capital structure conversation starts from a position of complete information.
When evaluating a middle-market acquisition target, knowing who holds the debt and how much each BDC has lent is essential information before any transaction conversation begins. The capital structure context that Dakota provides in seconds used to require a combination of filing review, banker calls, and educated guessing.
For private credit managers, including non-BDC direct lenders, the Dakota database provides competitive intelligence on every public BDC's portfolio: what sectors they are concentrated in, which sponsor relationships they are deepening, and which loans are aging into potential refinancing windows.
The banker pitching an M&A or recapitalization to a BDC-financed company needs to know the existing debt structure before the first meeting. Dakota's cross-BDC aggregation provides that structure instantly, who the lenders are, what they hold, and what the refinancing implications of any transaction would be.
For credit-focused hedge funds and institutional investors analyzing the BDC sector, or holding BDC equity or debt securities, the Dakota database provides portfolio transparency that goes far beyond what BDC annual reports and investor presentations reveal. See the actual loan composition, sector concentration, and cross-BDC exposure of any public BDC.
Executive search firms serving the middle market need to know which companies have institutional backing, because BDC-financed companies are typically PE-backed, institutionally governed, and actively investing in their management teams. The BDC database surfaces the universe of companies with institutional credit relationships that serve as prime executive search clients.
The best time to sell software, services, or any B2B product to a middle-market company is when that company has just received institutional capital and is actively investing in infrastructure, talent, and technology. The BDC database identifies those companies, the ones that just closed a financing round and are in growth mode.
What makes the Dakota BDC Holdings Database genuinely different from a standalone loan database is that it lives inside Dakota Marketplace, connecting seamlessly to LP data, GP data, private company data, and transaction data. Move between the lender, the borrower, the sponsor, and the LP in seconds.
See the LPs who invest in each BDC, the pensions, endowments, and RIAs behind the capital. Understand the full chain from LP commitment to underlying loan.
640,000+ sponsor-backed and non-sponsor private businesses with sector, geography, and ownership data. Know the borrower before you know the loan.
When a BDC-financed company appears in Dakota's transaction database, an acquisition, a recapitalization, a sale, you can instantly cross-reference the deal with the existing debt structure. Capital structure meets deal activity in one view.
The growth of private credit and specifically the BDC structure as a vehicle for retail and institutional investors to access middle-market lending has created a massive, systemically important market whose underlying loan activity has been nearly impossible to track in aggregate. Dakota changes that.
Private credit has grown from a niche strategy to one of the largest asset classes in alternative investing, with BDCs representing one of the most accessible and transparent vehicles in the market.
Every publicly traded Business Development Company filing quarterly portfolio disclosures with the SEC, every one pulled, parsed, and integrated into the Dakota aggregation.
BDCs primarily finance middle-market businesses, companies with $10M to $150M in EBITDA, the segment of the economy most dependent on private credit and least visible in public markets.
A member of the Dakota team will follow up within one business day. No lengthy procurement cycles. No six-month onboarding. Book a demo to see the full BDC loan aggregation in action, pull up any middle-market borrower and see the complete list of BDC lenders, ranked by position size, with loan type and total exposure aggregated across every public BDC that holds the loan.
Book a Demo →925 West Lancaster Ave
Suite 220
Bryn Mawr, PA 19010
Tel: (610) 642-1481
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