Lenders
Lenders are BDCs (Business Development Companies) — publicly listed non-bank financial institutions that lend to mid-market companies. Quantuma ingests their SEC filings to provide portfolio analytics, credit quality monitoring, and competitive benchmarking.
Lender list
Navigate to Explore > Lenders in the left sidebar. The list shows all BDCs in the database. Use Filter and Display controls to customize the view.
Lender detail
Click a lender to open the detail page. The header shows the BDC name, ticker, and type badge (“BDC”).
Summary metrics bar
Six key stats across the top:
| Metric | Description |
|---|---|
| Total Fair Value | Aggregate portfolio fair value (with principal below) |
| Portfolio Companies | Distinct operating companies |
| Avg Mark | SUM(fair_value) / SUM(cost) for debt, with QoQ change |
| Wtd Avg Spread | Principal-weighted average spread (S+bps), with QoQ change |
| New Names (Q4 ‘25) | Companies added this quarter, with exit count |
| Maturing < 12mo | Positions maturing within 12 months, with total exposure |
Tabs
Overview (default)
- Q4 2025 Activity — Table of new portfolio additions and exits this quarter, showing: NEW/EXIT badge, Company, Sector, Type (First Lien, Structured, etc.), Principal, Spread, Mark (with visual progress bar), Maturity.
- Sector Exposure (% of Fair Value) — Horizontal bar chart ranking sectors by portfolio share (e.g., Software & Services 20.6%, Capital Goods 15.4%)
- Weighted Avg Spread by Quarter — Table showing spread trend over time: Period, Wtd Avg Spread, QoQ Change (with red/green badges like ”▼ -25bps”)
- Mark Divergence vs Peers — Table showing the top 10 companies where this BDC marks differently from other holders: Borrower, Sector, Mark, Peer Avg, Divergence, Peers (BDC count)
- Near-Term Maturities — Investments maturing within 12 months: Borrower, Sector, Principal, Mark (with visual bar), Spread, Maturity (highlighted in red/amber), Seasoning. Shows total exposure at bottom.
- AI Vulnerability — Software Exposure — Software portfolio vulnerability analysis (see AI Vulnerability)
Investments
Full table of all investment positions for the latest filing period:
| Column | Description |
|---|---|
| Borrower Name | Operating company (with logo) |
| Legal Entity | Entity name from the filing |
| GICS Industry Group | Sector classification (colored badge) |
| Investment Type | First Lien, Unitranche, Equity, etc. (colored badge) |
| Total Interest Rate | All-in rate |
Click Filter and Display to customize. Click any row to open the right drawer.
Right drawer (investment detail)
Click any row in the Investments table to open the drawer showing the complete position record:
| Field | Example |
|---|---|
| Legal Entity | Spruce Bidco I Inc |
| Borrower Name | Vantive |
| GICS Industry Group | Health Care Equipment & Services |
| GICS Sector | Health Care |
| Investment Type | First Lien |
| Rate Type | Floating |
| Index | SOFR |
| Spread | 4.75% |
| Total Rate | 9.19% |
| Cash Rate | 9.19% |
| PIK Rate | (if applicable) |
| Floor | (if applicable) |
| Maturity | 2032-Jan-29 |
| Principal | $6,514,000 |
| Cost | $6,486,000 |
| Fair Value | $6,419,000 |
| Mark to Market | 98.54% |
| Performance Ratio | 0.99x |
| Category | Debt |
| OpCo Source | How the operating company was identified |
| OpCo Reasoning | Full explanation of how the legal entity was resolved to the operating company |
Includes “Open in full view” link to navigate to the borrower detail page.
Fund performance metrics
The lender overview also surfaces fund-level financial data from SEC filings. See Metric Definitions for the full list including:
- NII/Share — Net investment income per share (quarterly and annual)
- NAV/Share — Book value per share, with QoQ change
- Dividend Yield — Annualized yield on NAV
- Non-Accrual Rate — At cost and at fair value
- Leverage — Gross and net (debt/equity)
- Balance Sheet — Total assets, net assets, borrowings, cash
- Income Statement — Investment income, PIK income, realized/unrealized gains
- Expenses — Management fee, incentive fee, interest expense