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2026Q1 data is live174 BDCs

Private credit marks, independently verified.

markquality lines up every BDC's mark against peers holding the identical loan, straight from SEC filings, every quarter.

21,914 marks cross-checked against the peer consensus Every figure traceable to the exact 10-K, 10-Q or N-PORT line No models, no estimates, only what managers reported
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One release, in numbers SOURCE: SEC EDGAR
21,914 2026Q1
MARKS CROSS-CHECKED AGAINST PEER CONSENSUS
$282B
CLIENT-READY FAIR VALUE
174+1
BDC VEHICLES TRACKED
49.5%
OF OBSERVED VALUE HELD BACK BY QUALITY GATES
6,110
LOANS HELD BY 2+ FUNDS
0 MARKS MODELLED OR ESTIMATED. REPORTED FIGURES ONLY
DATA QUALITY
59,494positions parsed in 2026Q1 587,232positions since 2022Q4 14consecutive quarters of history 100%of figures linked to EDGAR 50.5%of observed FV is client-ready

One loan, five holders. Against the peer consensus, the numbers aren't close.

MARK COMPARISON
Cedar Ridge Health, first lien term loan
Marks reported by each holder · quarter ending March 31, 2026 · % of par
18.4 pts spread
Peer median · 71.5
8075706560
80.4
74.2
71.5
68.8
62.0
Fund AFund BFund C · medianFund DFund E
Axis truncated at 60. The full bars would look nearly identical; the gap is the story.
Source: Schedules of investments, Forms 10-Q, via SEC EDGAR. Illustrative example: borrower and funds anonymised. Subscribers see filer names.
18.4 pts
BETWEEN LOW AND HIGH MARK, SAME LOAN
While every one of these funds passed its audit, the same loan is carried at 62 cents by one manager and 80 cents by another. markquality finds those gaps the day the filings land.
INSIDE THE PRODUCT

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Every reported position across every covered fund, including single-holder instruments. Search the full quarter; exact identities open into cross-fund peer groups.
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Instrument detail
Every covered holder, each reported mark, the exact-instrument median where available, and the source-linked evidence behind every row.
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Instrument detail with exact-holder coverage, peer statistics, and a source-linked evidence trail
Current product interface shown with anonymised names. Counts illustrate the 2026Q1 release; subscribers see source-linked filer data.
METHODOLOGY

Public filings to a peer consensus. Nothing modelled.

01
Ingest

Holdings pulled from SEC EDGAR, quarter by quarter: N-PORT, BDC data sets, 10-K and 10-Q, Form ADV.

02
Cluster

The same instrument matched across every fund that reports it.

6,110 shared loans
03
Compare

The peer median and each fund's distance from it. Symmetric, no verdict.

21,914 marks checked
04
Trace

The widest gaps surfaced, each figure linked to its source filing.

100% EDGAR-linked
INDEPENDENCE

An instrument, not a verdict.

Source Every figure traces to a public SEC filing. Nothing modelled, nothing estimated. EDGAR ↗
Scope Comparative analytics of general application. Not investment, valuation or tax advice. Terms ↗
Treatment The widest and the tightest fund render in the same template. No editorialising. Method
Corrections A difference can be timing or method. Funds can submit corrections, reviewed in good faith. Contact
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