Kayne Anderson BDC, Inc. filed its Form 10-Q with the SEC for the quarterly period ended June 30, 2026, reporting total assets of $2,341,758 thousand and total net assets of $1,059,652 thousand as of that date.

Key Highlights

  • Total Assets: $2,341,758 thousand as of June 30, 2026, up from $2,286,702 thousand as of December 31, 2025, according to the filing.
  • Total Net Assets: $1,059,652 thousand as of June 30, 2026, compared to $1,109,931 thousand as of December 31, 2025.
  • Total Portfolio Investments at Fair Value: $2,266,618 thousand as of June 30, 2026, against an amortized cost of $2,279,321 thousand.
  • Total Distributable Earnings (Deficit): $(23,265) thousand as of June 30, 2026, compared to $1,862 thousand as of December 31, 2025.
  • Shares Outstanding: 66,216,562 shares as of June 30, 2026, down from 67,998,184 shares as of December 31, 2025; as of August 5, 2026, the registrant had 66,037,810 shares issued and outstanding.
  • Total Liabilities: $1,282,106 thousand as of June 30, 2026, up from $1,176,771 thousand as of December 31, 2025.

Kayne Anderson BDC Balance Sheet and Portfolio Composition at June 30, 2026

According to the filing, Kayne Anderson BDC, Inc. (NYSE: KBDC) reported total portfolio company investments at fair value of $2,266,618 thousand as of June 30, 2026, compared to $2,198,421 thousand at December 31, 2025. The portfolio consisted of non-controlled, non-affiliated investments valued at $2,131,279 thousand (amortized cost of $2,128,442 thousand), non-controlled, affiliated investments valued at $125,719 thousand (amortized cost of $130,651 thousand), and controlled, affiliated investments valued at $9,620 thousand (amortized cost of $20,228 thousand), the latter category carrying no balance as of December 31, 2025.

The company's liabilities increased to $1,282,106 thousand from $1,176,771 thousand at year-end 2025. The filing disclosed that the Corporate Credit Facility balance rose to $230,000 thousand from $135,000 thousand, while the Revolving Funding Facility stood at $540,000 thousand and the Revolving Funding Facility II at $193,000 thousand. Notes payable were reported at $272,099 thousand. Distributions payable totaled $26,490 thousand and the management fee payable was $5,561 thousand as of June 30, 2026.

Total net assets declined to $1,059,652 thousand from $1,109,931 thousand at December 31, 2025, reflecting a shift in total distributable earnings from a positive $1,862 thousand to a deficit of $(23,265) thousand. Additional paid-in capital was reported at $1,082,851 thousand, down from $1,108,001 thousand at year-end. The filing noted that common shares are authorized at 100,000,000 with a par value of $0.001 per share. The filing contains forward-looking statements that, according to the company, "are not guarantees of future performance and are subject to risks, uncertainties and other factors."

What Was Disclosed

Kayne Anderson BDC, Inc. filed its quarterly report for the period ended June 30, 2026, disclosing its consolidated balance sheet, portfolio investment composition, borrowing facility balances, share count, and net asset figures, with comparisons to December 31, 2025.