T-SERIES-BDC-LLC
Morgan Stanley private credit holdings
T-SERIES-BDC-LLC schedule of investments, latest period.
As of 2026-06-30 · compiled 2026-10-02
Manager: Morgan Stanley
Street is the leave-one-out median of other desks' FV/principal on the matched funded facility. One manager is one desk unless its own vehicles differ by 10 points. Not a NAV restatement. Do not add overlapping-book dollars across funds. NAV-if-street is −$4.9m (-23.2 bps of book).
What the book is exposed to
| Sector | Fair value | Share |
|---|---|---|
| Software | $409.5m | 19.6% |
| Insurance Services | $216.3m | 10.3% |
| Commercial Services & Supplies | $203.7m | 9.7% |
| Health Care Providers & Services | $182.1m | 8.7% |
| Diversified Consumer Services | $115.8m | 5.5% |
| IT Services | $112.4m | 5.4% |
| Financial Services | $96.3m | 4.6% |
| Professional Services | $83.8m | 4.0% |
| Electronic Equipment, Instruments & Components | $72.3m | 3.5% |
| Distributors | $60.5m | 2.9% |
Largest named credits
As-filed ¢ is the printed SOI line for that facility (FV/principal on co-held funded USD debt; USD ¢ when the filing prints FX par; funded ¢ when par includes undrawn). Street is the other desks' median. A book blend is not a mark.
| Credit | Facility | Fair value | As-filed ¢ | Street ¢ | Δ |
|---|---|---|---|---|---|
| VRC Companies, LLC | first lien term loan | $33.4m | 99.8¢ | 99.9¢ | -0.0 pt |
| PT Intermediate Holdings III, LLC | first lien term loan | $32.4m | 100.1¢ | 98.8¢ | +1.2 pt |
| World Insurance Associates, LLC | first lien term loan | $30.6m | 99.4¢ | 100.0¢ | -0.4 pt |
| Integrity Marketing Acquisition, LLC | first lien term loan | $29.2m | 100.0¢ | 100.0¢ | 0.0 pt |
| Pareto Health Intermediate Holdings, Inc. | first lien term loan | $28.8m | 99.1¢ | 98.7¢ | +0.3 pt |
| High Street Buyer, Inc. | first lien term loan | $27.2m | 99.2¢ | 100.0¢ | -0.8 pt |
| Zarya Intermediate, LLC | first lien term loan | $26.3m | 98.8¢ | - | - |
| Tank Holding Corp. | first lien term loan | $25.1m | 95.7¢ | 92.6¢ | +3.1 pt |
| Magneto Components Buyco, LLC | first lien term loan | $23.9m | 100.2¢ | - | - |
| Diligent Corporation | first lien term loan | $23.7m | 98.3¢ | 98.0¢ | +0.1 pt |
| Raptor Merger Sub Debt, LLC | first lien term loan | $23.6m | 99.3¢ | - | - |
| Catalis Intermediate, Inc. | first lien term loan | $22.9m | 99.4¢ | 95.5¢ | +4.0 pt |
| Advarra Holdings, Inc. | first lien term loan | $22.7m | 98.3¢ | 100.0¢ | -1.5 pt |
| MRI Software, LLC | first lien term loan | $22.3m | 99.6¢ | 98.2¢ | +1.6 pt |
| Amerilife Holdings, LLC | first lien term loan | $22.1m | 99.8¢ | 99.5¢ | +0.3 pt |
This is the filing window into that manager's private credit, not the whole platform.
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