SplitMarks · fund page
OCSL · Oaktree Specialty Lending
What OCSL's own Schedule of Investments says, next to the nine peers we track. All figures from SEC filings as of June 30, 2026; updated quarterly.
Portfolio fair value $3.3B · 665 reported positions
11.2%of portfolio FV in debt
with a PIK component
with a PIK component
8.1%of loan book (par)
marked below 80
marked below 80
30borrowers shared with
other tracked funds
other tracked funds
3of them with mark gap
≥ 5 points
≥ 5 points
Where OCSL meets its peers
Borrowers held both by OCSL and by at least one other tracked fund, same lien layer. When the marks disagree, the table doesn't say who's right — it says the question exists.
| Borrower | Lien | Funds | Gap, pts | Marks (% of par) | Combined cost |
|---|---|---|---|---|---|
| Barracuda Parent, LLC | 1L | 2 | 15.7 | OBDC:67.5; OCSL:83.2 | $27.1M |
| Pluralsight, LLC | 1L | 3 | 10.7 | OBDC:44.7; OCSL:46.3; GBDC:55.4 | $94.5M |
| Communications Aurelia Netherlands B.V. cost-basis | 1L | 3 | 7.7 | TSLX:93.4c; OCSL:101.1c; OBDC:101.2c | $160.8M |
| PetVet Care Centers, LLC | 1L | 4 | 4.6 | ARCC:83.9; OBDC:85.8; GBDC:87.9; OCSL:88.6 | $328.7M |
| Business Services Crewline Buyer, Inc | 1L | 4 | 3.0 | OCSL:95.0; TSLX:96.4; OBDC:97.8; GBDC:98.0 | $234.8M |
| Acquia, Inc. | 1L | 2 | 2.4 | OCSL:96.6; GBDC:99.0 | $47.6M |
| Monotype Imaging Holdings Inc. | 1L | 2 | 2.3 | OCSL:96.2; OBDC:98.5 | $180.3M |
| MHE Intermediate Holdings, LLC (dba OnPoint Group) 1 | 1L | 2 | 2.3 | OBDC:96.5; OCSL:98.9 | $122.7M |
| Icefall Parent, Inc. (dba EngageSmart) | 1L | 3 | 2.2 | GBDC:97.0; OCSL:99.2; OBDC:99.3 | $25.7M |
| Blazing Star Parent, LLC | 1L | 2 | 2.1 | OCSL:97.9; ARCC:100.0 | $128.2M |
| Hotel, Gaming and Leisure AVSC Holding Corp. | 1L | 2 | 2.1 | OCSL:98.2; TSLX:100.3 | $82.2M |
| Internet Services Coupa Holdings, LLC | 1L | 3 | 2.0 | TSLX:97.4; OCSL:97.5; GBDC:99.5 | $97.0M |
| Optimizely North America, Inc. | 1L | 2 | 2.0 | OCSL:94.8; GBDC:96.8 | $69.1M |
| Jeppesen Holdings, LLC, | 1L | 3 | 1.9 | OCSL:97.4; GBDC:98.0; ARCC:99.3 | $27.2M |
| MRI Software LLC, | 1L | 3 | 1.8 | OCSL:97.7; ARCC:99.2; GBDC:99.5 | $125.8M |
| Berner Food & Beverage, LLC | 1L | 2 | 1.8 | OCSL:98.2; ARCC:100.0 | $49.4M |
| Pike Corporation mixed-basis | 1L | 2 | 1.3 | ARCC:99.0; OCSL:100.3c | $182.3M |
| Werner Finco LP. | 1L | 2 | 1.3 | OCSL:98.7; ARCC:100.0 | $121.7M |
| Kings Buyer, LLC | 1L | 2 | 1.2 | ARCC:93.2; OCSL:94.3 | $78.2M |
| Next Holdco, LLC | 1L | 2 | 0.8 | OCSL:99.2; ARCC:100.0 | $33.4M |
| Evergreen IX Borrower 2023, LLC | 1L | 2 | 0.8 | GBDC:98.5; OCSL:99.3 | $26.9M |
| Creek Parent, Inc. (dba Catalent) | 1L | 3 | 0.7 | OCSL:98.5; GBDC:98.5; OBDC:99.2 | $203.3M |
| Minotaur Acquisition, Inc. (dba Inspira Financial) | 1L | 2 | 0.6 | OCSL:99.1; OBDC:99.8 | $237.2M |
| PPW Aero Buyer, Inc. | 1L | 2 | 0.5 | GBDC:99.5; OCSL:100.0 | $86.8M |
| TBRS, Inc. (dba TEAM Technologies) 2 | 1L | 2 | 0.5 | OCSL:99.0; OBDC:99.4 | $58.3M |
| LDS Intermediate Holdings, LLC | 1L | 2 | 0.3 | OCSL:98.8; GBDC:99.1 | $25.3M |
| Integrity Marketing Acquisition, LLC | 1L | 3 | 0.1 | GBDC:99.9; OCSL:99.9; OBDC:100.0 | $171.4M |
| Bayou Intermediate II, LLC | 1L | 2 | 0.1 | OCSL:99.0; ARCC:99.1 | $49.8M |
| Auctane, Inc. (f/k/a Stamps.com Inc.) | 1L | 3 | 0.0 | ARCC:98.5; OCSL:98.5; OBDC:98.5 | $298.1M |
| ICIMS, Inc. | 1L | 2 | 0.0 | OCSL:93.4; GBDC:93.4 | $42.2M |
Loans OCSL marks below 80
The fund's own statement that something is off: USD-par debt positions valued below 80 cents on the dollar, largest by principal first.
| Borrower | Principal | Mark |
|---|---|---|
| OCSI Glick JV LLC, Multi-Sector Holdings, Subordinated Debt | $58.3M | 70.8 |
| Dialyze Holdings, LLC, Health Care Equipment, First Lien Term Loan 1 | $30.7M | 18.0 |
| SIO2 Medical Products, Inc., Metal, Glass & Plastic Containers, First Lien Term Loan 2 | $22.1M | 11.5 |
| Kaseya Inc., Systems Software, Second Lien Term Loan | $16.4M | 61.2 |
| Pluralsight, LLC, Application Software, First Lien Term Loan 3 | $16.0M | 5.0 |
| The Avery, Real Estate Operating Companies, First Lien Term Loan 4 | $10.8M | 69.2 |
| Renaissance Holding Corp., Education Services, First Lien Term Loan | $10.5M | 79.7 |
| Harbor Purchaser Inc., Education Services, First Lien Term Loan | $9.1M | 79.5 |
| BAART Programs, Inc., Health Care Services, Second Lien Term Loan 2 | $8.9M | 3.0 |
| BAART Programs, Inc., Health Care Services, Second Lien Term Loan 1 | $6.5M | 3.0 |
| Centerline Communications, LLC 3 facilities | $6.3M | 67.4–67.4 |
| KnowBe4 Inc. 2 facilities | $6.3M | 78.5 |
| SIO2 Medical Products, Inc., Metal, Glass & Plastic Containers, First Lien Term Loan 3 | $4.4M | 11.5 |
| Kaseya Inc 2 facilities | $4.1M | 77.9 |
| The Avery, Real Estate Operating Companies, First Lien Term Loan 1 | $4.1M | 77.1 |
…and 14 more borrowers below 80 (smaller by principal).
OCSL among the ten
| Fund | PIK share | Marked <80 | Equity share | Portfolio FV |
|---|---|---|---|---|
| HTGC Hercules Capital | 35.2% | 1.0% | 4.5% | $5.1B |
| PSEC Prospect Capital | 20.5% | 28.7% | 14.1% | $10.2B |
| GBDC Golub Capital BDC | 18.9% | 2.2% | 4.2% | $8.4B |
| TSLX Sixth Street Specialty Lending | 18.1% | 2.6% | 4.3% | $3.6B |
| BXSL Blackstone Secured Lending | 13.4% | 7.8% | 1.0% | $13.6B |
| OCSL Oaktree Specialty Lending | 11.2% | 8.1% | 4.3% | $3.3B |
| ARCC Ares Capital | 10.5% | 5.4% | 20.0% | $34.4B |
| OBDC Blue Owl Capital Corporation | 9.3% | 7.4% | 11.4% | $19.3B |
| MAIN Main Street Capital | 7.1% | 6.8% | 29.9% | $6.6B |
| FSK FS KKR Capital | 3.5% | 13.1% | 20.8% | $17.1B |
PIK share — % of portfolio fair value in debt carrying a PIK component (venture lenders run structurally higher). Marked <80 — % of USD-par loan book (par-weighted) the fund itself values below 80 cents on the dollar. Sorted by PIK share.
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Notes
- Source: XBRL-tagged Schedule of Investments from OCSL's latest 10-Q/10-K (SEC EDGAR), measurement date June 30, 2026.
- Marks are fair value ÷ principal (par), USD-denominated par only; equity and non-USD positions excluded from loan-level tables. Aggregate disclosure rows excluded.
- A mark below 80 is the fund's own valuation, not our judgment. A borrower may have several facilities within the same lien level.
- Quarter-over-quarter history of these figures is tracked in the newsletter.