See the same credit marked across every BDC and interval fund — side by side, with every methodology surfaced and every source filing one click away.
74 BDCs · 55 credit funds · 35,000+ unique credits resolved · 24 quarters of history · 5,500+ source filings linked.
Free during the beta · Built for credit analysts and allocators at RIAs, family offices, and asset managers
The challenge
The same loan can be marked at par by one vehicle and at 78 cents by another. These discrepancies signal risk, opportunity, or both — but until now, finding them meant manually sifting through hundreds of filings with no common format.
SpreadVista surfaces what others miss: cross-vehicle mark comparison, concentration risk, spread surface analysis, and entity-resolved credit tracking across the BDC and credit fund landscape.
The engine underneath
The same borrower appears as “Acrisure, LLC” in one filing, “ACRISURE HOLDINGS INC” in another, and “Acrisure Holdings” in a third. SpreadVista's entity resolution engine matches credits across vehicles using LEI codes, CUSIP identifiers, and intelligent name matching — so when you see a mark dispersion, you know it's the same credit, not a naming artifact.
* Entity resolution uses probabilistic matching across LEI, CUSIP, and name variants. While match accuracy is high, users should verify critical data points against original filings before making investment decisions.
Cross-Vehicle Marks
The same borrower can be marked at par by one BDC and at 78 by another. Without a cross-vehicle view, you'd never know.
SpreadVista shows every mark side by side — BDC reported marks and fund implied marks from N-PORT filings — with FV-weighted averages, dispersion scoring, and full mark history.
| Credit | Holders | BDC Avg | Fund Avg | Avg Mark | Dispersion | |
|---|---|---|---|---|---|---|
| PetVet Care Centers | 8 | 85.4 | 91.7 | 87.2 | 6.3 | |
| Integrity Marketing | 10 | 99.1 | 100.0 | 99.4 | 1.2 | |
| Medallia, Inc. | 6 | 97.2 | 98.1 | 97.5 | 3.8 | |
| Guidehouse, Inc. | 5 | 100.0 | 99.8 | 99.9 | 0.4 | |
| DRSLF 2021-87A | 5 | — | 83.6 | 83.6 | 2.1 |
Spread Surface
9,914 positions plotted across maturity and seniority buckets, colored by spread intensity. See where the market is tight, where it's wide, and where individual positions deviate from the surface.
Filter by benchmark rate, loan type, or seniority. Drill into any cell to see the underlying positions.
Relative Value Screening
Each credit's spread is compared to its benchmark cell on the spread surface. See which positions are wider or tighter than peers across the same sector, seniority, and maturity.
Sort by deviation to find the most notable spread differences across the entire BDC universe. Filter by seniority, benchmark, or BDC.
| BDC | Credit | Spread | Surface | Deviation |
|---|---|---|---|---|
| PFLAF | QC Holdings, LLC | 1850 | 538 | +1313 |
| OCSL | Win Brands Group | 1400 | 598 | +802 |
| NHPIF | Any Hour, LLC | 1300 | 513 | +781 |
| GBDC | Acuity Eyecare Holdings | 1300 | 598 | +702 |
| NMFC | Consumer Services | 1150 | 455 | +695 |
Concentration Analysis
Concentration analysis finds every credit that's been flagged at one vehicle and checks which other BDCs and funds still hold it at par. Identify where risk is building before it spreads.
This is the analysis that takes a team of analysts weeks to compile from filings. SpreadVista does it automatically, every quarter.
Methodology You Can Audit
Incumbents hide their methodology behind a paywall. SpreadVista surfaces it on every view: how aggregates are weighted, when implied marks are derived, when foreign-currency holdings are normalized to USD, and which SEC filings drove the numbers you're looking at.
Every aggregate carries a freshness timestamp and links straight to the source 10-K, 10-Q, or N-PORT on EDGAR. Click the (i) icon next to any credit term for an instant glossary definition. Click any number to drill into the underlying positions.
When a regulator, IC member, or LP asks “where does this come from?” you have the answer in one click.
Filing Change Tracking
74 BDCs and 55credit funds, tracked quarter over quarter. New originations, exits, markdowns, markups, and non-accrual changes — all in one view. Drill into any BDC for position-level details with mark changes and accrual status shifts.
Export any view as CSV for IC memos, compliance reports, or your own models.
| BDC | New | Exited | Markdowns | Non-Accrual | FV Change |
|---|---|---|---|---|---|
| ARCC | +18 | -12 | 8 | 2 | -$142M |
| BXSL | +24 | -6 | 3 | — | +$89M |
| OBDC | +15 | -21 | 11 | 3 | -$234M |
| GBDC | +9 | -14 | 6 | 1 | -$67M |
| TSLX | +11 | -8 | 2 | — | +$31M |
Analytics Suite
Every view is built from position-level data across 132 vehicles. Not summaries. Not estimates. Actual holdings.
And more shipping every month.
Make It Yours
Build watchlists of the BDCs and credits you care about. Save custom dashboard configurations with your preferred charts and filters. Set up automated alerts for non-accrual changes, spread moves, new positions, and new filings — with deep links straight to the relevant dashboard page.
Get a weekly digest every Monday morning with the biggest movers, new filings processed, and filing diff highlights. Or opt into quarterly summaries personalized by your watchlist. You control what you see and when.
Share saved views and comp groups with one click — send a colleague the exact screen you're looking at without provisioning them an account. Toggle sharing off when you're done.
Every analyst works differently. SpreadVista adapts to how you think — not the other way around.
spreadvista.com/share/saved-view/HL8rAqMvPipe SpreadVista data directly into your models, dashboards, and internal systems. Programmatic access to structured holdings, cross-vehicle marks, and entity-resolved credit data via authenticated REST API.
Available as a premium paid tierBuilt for
Why SpreadVista
Default rates climbing to 5.8%. BDCs trading at the widest NAV discounts since 2020. Interval funds gating redemptions. In this environment, understanding what’s actually inside these portfolios -and how different managers are marking the same credits -isn’t optional. It’s essential.
The same credit marked at par by one BDC and at 78 by another. These differences exist in public SEC filings -but surfacing them requires cross-referencing hundreds of documents across BDCs and interval funds. SpreadVista does that automatically.
Credit funds file N-PORT reports with the SEC every quarter. The holdings data is public but buried in XML. We parse it, compute implied marks from fair value and par, and cross-reference with BDC portfolios -giving you a cross-vehicle view that doesn’t exist anywhere else at this price.
35,000+ credits unified across 132 vehicles. LEI matching, CUSIP prefix grouping, probabilistic name matching. One borrower, one identity -no matter how five different managers spell the name.
SpreadVista is free during beta. Paid tiers will start at a fraction of what incumbents charge. Same underlying data, better cross-vehicle analytics, accessible pricing.
From the Founder
I built SpreadVista because the data was already public — it just wasn't accessible. Every BDC files a 10-Q with full Schedule of Investments. Every interval fund files N-PORT. The same credit appears across both, marked at different prices, and somehow extracting that view cost six figures and took weeks of analyst time. That gap shouldn't exist.
SpreadVista is in open beta with credit professionals exploring what cross-vehicle analytics can look like when the methodology is visible and the source filings are one click away. If that sounds useful — or if you have feedback on what's missing — I'd love to hear it.
Jamel Talbi · Founder, SpreadVista · jamel@spreadvista.com
Free during beta. No credit card required.
One step to the signup form. No credit card required.