
Market Analysis
BDC Non-Accrual Rates Hit 3.95% in Q2 2026 — and the Adjusted Figure Is 50% Higher
TL;DR: The ten largest publicly traded BDCs reported an aggregate non-accrual rate of 3.95% at amortized cost in Q2 2026, up 20 basis points quarter-over-quarter. The adjusted figure, which counts all
Jeff Barnes, MBA··10 min read

Alternative Investments
Non-Accrual Loans: The One BDC Metric You Should Check Before Yield or NAV
The median non-accrual ratio across the 20 largest business development companies climbed to 2.8% in the second quarter of 2026, up from 2.0% at the end of the first quarter. That is a 0.8 percentage...
Jeff Barnes, MBA··10 min read