Factsheet

How standardized BDC data raises the bar for private credit transparency

Factsheet

BDCs at $500bn: Enhanced Transparency into Private Credit

Quarterly, audited, and loan-level – as the value of BDC gross assets crosses $500bn, the dataset they generate is setting a new standard for private credit transparency.

Read this factsheet to discover:

  • Why BDCs offer a transparent window into private credit

  • How BDC data is becoming a reference point for a $2.1tn market under pressure

  • How BDC growth is being driven by private wealth and semi‑liquid demand

Free research chapter

BDC holdings bolster private credit

Download BDC holdings bolster private credit, a free chapter of the North American Private Markets in 2026 report, which uses Preqin’s newly updated BDC holdings data to understand the current BDC market — and what it signals about the broader private credit landscape.

Key takeaways:

  • Growth in BDC fair value is almost exclusively driven by first-lien loans.

  • PIK trends bear watching — but aren't rapidly escalating.

  • Spreads cluster around 401–600 bps above reference rate

Loan-level BDC data, connected — now in Preqin Pro

Preqin Private Credit brings together standardized BDC loan-level data, private credit fund coverage, decision-ready analytics, asset-level indices, and AI-powered research – to help APAC investors, fund managers, and advisors meaningfully benchmark private credit investments, assess potential investments, and analyze trends in the market.

Converged intelligence brings confidence

Standardized data

Access structured, standardized private credit data across two complementary datasets – proprietary transaction intelligence across all major private credit strategies, and loan-level BDC holdings data extracted from SEC filings.

Together, they create a more thorough view of private credit than a single source can provide – enabling you to move seamlessly from high-level fund data down to individual loans and issuers within a consistent, customizable dataset.

A connected view

Analyze private credit at the market, fund, issuer and instrument levels in a single, consistent structure across terms, performance, risk, and liquidity.

See how portfolios overlap, how exposures compare across managers, and how similar assets are positioned and performing elsewhere – enabling you to assess your own portfolio independently and within the broader private credit landscape.

AI-powered research

Combine data layers dynamically to explore questions that would previously have required pulling from multiple sources and significant manual effort.

Whether it's a specific issuer, a sector theme, or a peer comparison, generate structured outputs, comparative analysis, and visuals directly from Preqin's connected private credit dataset – built to reflect real portfolio, risk, and IR workflows.

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