Private company

5C Lending Partners Corp.

Investment fund based in Lutherville Timonium, United States2

In its 2026 annual report the company says: “The Company is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a BDC under the 1940 Act.”5

Last updated Oct 20, 2026.

Overview

  • HeadquartersLutherville Timonium, United States2
  • Incorporated inMD3
  • Business address1 Stuyvesant Avenue, Rye, Ny 105803
  • Filer category, Emerging growth company3
  • Legal formCorporation2
  • Kind of organizationInvestment fund2
  • LEI213800TH6X4WBC28DI022
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O THE CORPORATION TRUST INCORPORATED, 21093 Lutherville Timonium, United States2
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D244499102

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The Company is incorporated under the laws of the State of Maryland and was formed on October 16, 2023. The Company is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a BDC under the 1940 Act. For U.S. federal income tax purposes, the Company has elected to be treated, and intends to qualify annually, as a RIC under Subchapter M of the Internal Revenue Code (the “Code”). As a BDC and a RIC, we are required to comply with certain regulatory requirements. We are managed by 5C Lending Partners Advisor LLC, who we refer to as the “Advisor”. The Advisor is a limited liability company that is registered as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). The Advisor is responsible for managing our day-to-day operations and providing investment advisory and management services t…5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income6$5.5M in 2025+20407% since 2024
0$2.0M$4.0M$6.0M2024: $27.0K$27.0K20242025: $5.5M$5.5M2025+20407%
Fiscal year2023202420252026
Interest$06$8.4M6
Income tax$09$09
Net income$27.0K6$5.5M6
Earnings per share-$0.126$1.216
Earnings per share (diluted)-$0.126$1.216
Shares (weighted, basic)235.1K shares64.4M shares6
Shares (weighted, diluted)235.1K shares64.4M shares6

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Corporate structure

5C Lending Partners Corp. sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of 5C Lending Partners Corp.

  • LIBERTY MUTUAL HOLDING Co INC. Filed SCHEDULE 13G/A on 5C Lending Partners Corp., latest Oct 1, 2026 (7 filings since Nov 25, 2024)
  • MSD CAPITAL, L.P. Filed SCHEDULE 13D/A on 5C Lending Partners Corp., latest Jul 28, 2026 (3 filings since Mar 3, 2025)
  • Qatar Investment Authority Filed SCHEDULE 13D on 5C Lending Partners Corp., latest May 13, 2026
  • Bergson Investments Ltd Filed SCHEDULE 13G/A on 5C Lending Partners Corp., latest May 5, 2026 (4 filings since May 23, 2025)
  • Michael E. Koester Filed SCHEDULE 13G/A on 5C Lending Partners Corp., latest Aug 4, 2025 (2 filings since Nov 13, 2024)
  • 5c 2024 Investors Filed SCHEDULE 13G on 5C Lending Partners Corp., latest May 13, 2025
  • 5C Lending Partners Corp. Lutherville Timonium, Maryland, United States
    • 5CLP BDC I ABL SPV-A LLC Subsidiary · Delaware, United States
    • 5CLP BDC I Equity Holdings I LLC Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What 5C Lending Partners Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$137.0M6 Dec 31, 2025$32.3M6 Dec 31, 2024+324.6%

Properties, in its own words

We do not own any real estate or other physical properties materially important to our operations. The Company’s headquarters are located at 330 Madison Avenue, 20th Floor, New York, New York 10017 and are provided by the Administrator in accordance with the terms of the Administration Agreement. The Company believes that the Company’s office facilities are suitable and adequate for the Company’s business as conducted.

Item 2 of the 10-K filed Mar 5, 2026.5

Leadership

Who has led 5C Lending Partners Corp., and when. Pick a name to see everywhere that person has worked.

President

  1. Michael E. Koester2024–now

Chief financial officer

  1. Jason T. Roos2024–now
2025
Board members and other officers (8)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Co-PresidentThomas Connolly named Sep 25, 2024 to May 1, 202619

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 5CLP BDC I ABL SPV-A LLC Delaware4
  • 5CLP BDC I Equity Holdings I LLC Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 18, 20268-K Unregistered sale of shares; Regulation FD disclosure; Other events20
  2. Sep 8, 20268-K Entered a material agreement; New debt or obligation21
  3. Jul 27, 20268-K Unregistered sale of shares; Other events22
  4. Jun 17, 20268-K Shareholder vote23
  5. Mar 23, 20268-K Unregistered sale of shares; Other events24
  6. Feb 2, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure25
  7. Dec 30, 20258-K Entered a material agreement; New debt or obligation; Regulation FD disclosure26
  8. Dec 19, 20258-K Unregistered sale of shares; Other events27
  9. Sep 26, 20258-K Unregistered sale of shares; Other events28
  10. Sep 9, 20258-K New debt or obligation; Regulation FD disclosure29
  11. Jun 30, 20258-K New debt or obligation; Unregistered sale of shares; Other events30
  12. Jun 18, 20258-K Shareholder vote31
  13. Oct 16, 2023Founded 5C Lending Partners Corp. is founded2

Filings

148 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 18 major events, 76 insider forms, 18 large holders, 4 private raises, 24 other. The latest 20:

  1. Oct 1, 2026SCHEDULE 13G/A EDGAR
  2. Sep 18, 20264 EDGAR
  3. Sep 18, 20264 EDGAR
  4. Sep 18, 20264 EDGAR
  5. Sep 18, 20264 EDGAR
  6. Sep 18, 20264 EDGAR
  7. Sep 18, 20264 EDGAR
  8. Sep 18, 20264 EDGAR
  9. Sep 18, 20268-K EDGAR
  10. Sep 8, 20268-K EDGAR
  11. Aug 5, 202610-Q EDGAR
  12. Jul 28, 20264 EDGAR
  13. Jul 28, 2026SCHEDULE 13D/A EDGAR
  14. Jul 28, 20264 EDGAR
  15. Jul 27, 20264 EDGAR
  16. Jul 27, 20264 EDGAR
  17. Jul 27, 20264 EDGAR
  18. Jul 27, 20264 EDGAR
  19. Jul 27, 20264 EDGAR
  20. Jul 27, 20264 EDGAR

The 148 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

16 open-market trades by officers, directors and large owners since October 2021: 16 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 17, 2026LIBERTY MUTUAL HOLDING Co INC.10% ownerBuy398,774$24.48$9.8MForm 4
Jul 24, 2026LIBERTY MUTUAL HOLDING Co INC.10% ownerBuy563,276$24.29$13.7MForm 4
Jul 24, 2026MSD CAPITAL, L.P.10% ownerBuy1,274,194$24.29$31.0MForm 4
Mar 20, 2026DELL MICHAEL S10% ownerBuy266,245$24.45$6.5MForm 4
Dec 17, 2025MSD CAPITAL, L.P.10% ownerBuy375,978$25.23$9.5MForm 4
Dec 17, 2025LIBERTY MUTUAL INSURANCE CO10% ownerBuy171,907$25.23$4.3MForm 4
Sep 25, 2025DELL MICHAEL S10% ownerBuy692,064$25.26$17.5MForm 4
Sep 25, 2025LIBERTY MUTUAL INSURANCE CO10% ownerBuy1,162,742$25.26$29.4MForm 4
Jun 26, 2025LIBERTY MUTUAL INSURANCE CO10% ownerBuy781,355$24.73$19.3MForm 4
Jun 26, 2025Noble Environmental Investments, LLC10% ownerBuy465,063$24.73$11.5MForm 4
Mar 26, 2025Noble Environmental Investments, LLC10% ownerBuy379,517$24.78$9.4MForm 4
Mar 26, 2025LIBERTY MUTUAL INSURANCE CO10% ownerBuy612,198$24.78$15.2MForm 4
Dec 23, 2024LIBERTY MUTUAL INSURANCE CO10% ownerBuy392,360$24.81$9.7MForm 4
Dec 23, 2024DELL MICHAEL S10% ownerBuy221,479$24.81$5.5MForm 4
Dec 23, 2024LIBERTY MUTUAL HOLDING CO10% ownerBuy549,304$24.81$13.6MForm 4
Dec 23, 2024LIBERTY MUTUAL HOLDING CO10% ownerBuy549,304$24.81$13.6MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Sep 26, 2024Raised $295.6 million in a private offering of equity Form D: 82 investors so far Form D
  2. Sep 25, 2024Filed a private offering of equity Form D: $1.5 million offered in all Form D

SEC filer profile

How 5C Lending Partners Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAR5C Lending Partners Corp.1
  • CIK0001998387
  • Employer ID (EIN)93-40391515
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inMaryland5
  • Fiscal year endsDecember 311
  • Business address1 Stuyvesant Avenue, Rye, NY 105801
  • Phone(917) 494-08221
  • Shares outstanding15,763,304 as of Aug 5, 20268
  • Public float$0 as of Mar 5, 20266
  • AuditorDeloitte & Touche LLP, New York, New York PCAOB ID 34; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceOct 26, 20231
  • Filings148 in all: 4 (60), 8-K (18), 3 (13), SCHEDULE 13G/A (10), 10-Q (6), 40-17G (3), 40-APP (3), 40-APP/A (3)1
    All 28 form types

    10-K (2), 4/A (2), APP NTC (2), APP ORDR (2), D (2), D/A (2), DEF 14A (2), SC 13G (2), SCHEDULE 13D (2), SCHEDULE 13D/A (2), SCHEDULE 13G (2), UPLOAD (2), 10-12G (1), 10-12G/A (1), 3/A (1), APP WD (1), APP WDG (1), CORRESP (1), N-54A (1), PRE 14A (1)

  • Latest filingsAnnual report (10-K) Mar 5, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Apr 23, 2026
    Latest 8-K (8-K) Sep 18, 2026

Risk factors and legal proceedings

The risks 5C Lending Partners Corp. names in Item 1A of its 10-K filed Mar 5, 2026: 72 risks under these headings, as written.5

  • Risks Related to the Company’s Business and Structure
  • Risks Related to the Advisor and its Affiliates
  • Risks Related to Business Development Companies
  • Risks Related to the Company’s Investments
  • Risks Related to the Private Placement of Common Stock
  • Risks Related to the Company’s Common Stock
  • Risks Related to Federal Income Tax
  • General Risk Factors
  • The Company and the Advisor have a limited operating history.
  • The Company may have difficulty sourcing investment opportunities.
  • The Company generally will not control the business operations of the Company’s portfolio companies.
  • Due to the illiquid nature of the Company’s holdings in the Company’s portfolio companies, the Company may not be able to dispose of the Company’s interests in the Company’s portfolio companies.
The other 68 risks
  • The Company borrows money, which may magnify the potential for gain or loss and may increase the risk of investing in the Company.
  • Provisions in a credit facility or other borrowings may limit discretion in operating the Company’s business and defaults thereunder may adversely affect the Company’s business, financial condition, results of operations and cash flows.
  • The Company, and the portfolio companies it may invest in, are exposed to risks associated with high rates of inflation.
  • The Company is exposed to risks associated with changes in interest rates.
  • The Company may expose itself to risks if the Company engages in hedging transactions.
  • The Company’s investment portfolio is recorded at fair value as determined in good faith in accordance with procedures established by the Board of Directors and, as a result, there is and will be uncertainty as to the value of the Company’s portfolio investments.
  • Any unrealized depreciation the Company experiences on the Company’s portfolio may be an indication of future realized losses, which could reduce the Company’s income available for distribution.
  • The Company will face competition for investment opportunities, which could delay further investment of the Company’s capital, reduce returns and result in losses.
  • The Company, its executive officers, directors and the Advisor, its affiliates and/or any of their respective principals and employees may be the subject of litigation or similar proceedings.
  • The Company is dependent on information systems and systems failures could significantly disrupt the Company’s business, which may, in turn, negatively affect the Company’s liquidity, financial condition or results of operations.
  • Compliance with the privacy laws to which the Company is subject may require the dedication of substantial time and financial resources, and non-compliance with such laws could lead to regulatory action being taken and/or could negatively impact the business, financial condition and operating results of the Company or the Company’s portfolio companies.
  • The Company’s business and operations could be adversely affected by developments in artificial intelligence.
  • The Board of Directors may change the Company’s operating policies and strategies without prior notice or Stockholder approval, the effects of which may be adverse to the Company’s Stockholders.
  • The Company may not consummate any Liquidity Event, despite its intention to do so, and may determine to offer its Stockholders the option to restructure their investment, or the Company may be wound down and/or liquidated and dissolved in an orderly manner.
  • The Company’s business model depends upon the development and maintenance of strong referral relationships with other market participants.
  • Certain investors are limited in their ability to make significant investments in the Company.
  • No stockholder approval is required for certain mergers.
  • Uncertainty about U.S. federal initiatives could negatively impact the Company's business, financial condition and results of operations.
  • The Company’s ability to achieve the Company’s investment objective depends on the Advisor’s ability to manage and support the Company’s investment process.
  • The Advisor relies on key personnel, the loss of any of whom could impair its ability to successfully manage the Company.
  • The Company’s fee structure may create a conflict of interest due to the incentives for the Advisor to make speculative investments or use substantial leverage.
  • The Advisor and its affiliates may have incentives to favor their respective other funds, accounts and clients over the Company, which may result in conflicts of interest that could be adverse to the Company and the Company’s investment opportunities and harmful to the Company.
  • The Advisor and its affiliates may face conflicts of interest with respect to services performed for issuers in which the Company invests and their use of service providers.
  • The Advisor and its affiliates’ personnel will work on other projects and conflicts may arise in the allocation of personnel between the Company and other funds, accounts or projects.
  • The Company’s access to confidential information may restrict the Company’s ability to take action with respect to some investments, which, in turn, may negatively affect the Company’s results of operations.
  • The Company is obligated to pay the Advisor an Incentive Fee even if the Company incurs a net loss due to a decline in the value of the Company’s portfolio and even if the Company’s earned interest income is not payable in cash.
  • The Company’s ability to enter into transactions with the Company’s affiliates is restricted.
  • The Company may make investments that could give rise to conflicts of interest.
  • The recommendations given to the Company by the Advisor may differ from those rendered to its other clients.
  • The Advisor’s liability is limited under the Investment Advisory Agreement, and the Company is required to indemnify the Advisor against certain liabilities, which may lead the Advisor to act in a riskier manner on the Company’s behalf than it would when acting for its own account.
  • Investment by employees of 5C in the Company and/or other 5C Accounts may lead to conflicts of interest.
  • The Advisor’s failure to comply with pay-to-play laws, regulations and policies could have an adverse effect on the Advisor, and thus, the Company.
  • There are risks associated with any potential merger with or purchase of assets of another fund.
  • The Company’s Administrator can resign from its role as Administrator under the Administration Agreement, and a suitable replacement may not be found, resulting in disruptions that could adversely affect the Company’s business, results of operations and financial condition.
  • Any sub-administrator that the Administrator engages to assist the Administrator in fulfilling its responsibilities could resign from its role as sub-administrator, and a suitable replacement may not be found, resulting in disruptions that could adversely affect the Company’s business, results of operations and financial condition.
  • Changes in laws or regulations governing the Company’s operations may adversely affect the Company’s business or cause the Company to alter the Company’s business strategy.
  • The Company is subject to limited restrictions with respect to the proportion of the Company’s assets that may be invested in a single issuer.
  • The requirement that the Company invest a sufficient portion of the Company’s assets in qualifying assets could preclude the Company from investing in accordance with the Company’s current business strategy; conversely, the failure to invest a sufficient portion of the Company’s assets in qualifying assets could result in the Company’s failure to maintain the Company’s status as a BDC.
  • Failure to maintain the Company’s status as a BDC would reduce the Company’s operating flexibility.
  • The Company is subject to corporate-level income tax if the Company is unable to satisfy RIC distribution requirements.
  • Regulations governing the Company’s operation as a BDC and RIC affect the Company’s ability to raise capital and the way in which the Company raises additional capital or borrows for investment purposes, which may have a negative effect on the Company’s growth. As a BDC, the necessity of raising additional capital may expose the Company to risks, including risks associated with leverage.
  • The Company’s investments in portfolio companies may be risky, and the Company could lose all or part of the Company’s investments.
  • Investing in upper middle-market companies involves a number of significant risks.
  • Investments in common and preferred equity securities of private companies, many of which are illiquid with no readily available market, involve a substantial degree of risk.
  • By originating investments to companies that are experiencing significant financial or business difficulties, the Company may be exposed to distressed investing risks.
  • The Company may suffer a loss if a portfolio company defaults on a loan and the underlying collateral is not sufficient, or if the portfolio company has debt that ranks equally with, or senior to, the Company’s investments.
  • The Company may not be in a position to exercise control over the Company’s portfolio companies or to prevent decisions by management of the Company’s portfolio companies that could decrease the value of the Company’s investments.
  • Certain of the Company’s investments may be adversely affected by laws relating to fraudulent conveyance or voidable preferences, or the Company could become subject to lender liability claims.
  • Prepayments of the Company’s debt investments by the Company’s portfolio companies could adversely impact the Company’s results of operations and reduce the Company’s return on equity.
  • If the Company cannot obtain debt financing or equity capital on acceptable terms, the Company’s ability to acquire investments and to expand the Company’s operations will be adversely affected.
  • The effect of global climate change may impact the operations of the Company’s portfolio companies.
  • The Company’s portfolio companies may be highly leveraged.
  • The Company’s investments in non-U.S. companies may involve significant risks in addition to the risks inherent in U.S. investments.
  • The market structure applicable to derivatives imposed by the Dodd-Frank Act, the CFTC and the SEC may affect the Company’s ability to use over-the-counter (“OTC”) derivatives for hedging purposes.
  • The Company’s ability to enter into transactions involving derivatives and financial commitment transactions may be limited.
  • Defaults by the Company’s portfolio companies could jeopardize a portfolio company’s ability to meet its obligations under the debt or equity investments that the Company holds which could harm the Company’s operating results.
  • An investment strategy focused primarily on a limited number of privately held companies presents certain challenges, including the lack of available information about these companies and subjects the Company to risk of significant loss if there is a downturn in a particular industry or industries.
  • Certain investment analyses and decisions by the Advisor may be required to be undertaken on an expedited basis.
  • The Company may not have the funds or ability to make additional investments in the Company’s portfolio companies.
  • The prices of the debt instruments and other securities in which the Company invests may decline substantially.
  • Because the Company’s business model in the future may depend to an extent upon relationships with private equity sponsors and intermediaries, the inability of the Advisor and/or its affiliates to maintain or develop these relationships, or the failure of these relationships to generate investment opportunities, could adversely affect the Company’s business.
  • The credit ratings of certain of the Company’s investments may not be indicative of the actual credit risk of such rated instruments.
  • The Company may be found liable for unfunded pension liabilities of its portfolio companies in certain circumstances.
  • To the extent OID and PIK interest income constitute a portion of the Company’s income, the Company will be exposed to risks associated with the deferred receipt of cash corresponding to such income.
  • The Company may not be able to realize expected returns on the Company’s invested capital.
  • The Company is subject to risks relating to portfolio company fraud or misrepresentations.
  • Any acquisition or strategic investment that the Company pursues is subject to risks and uncertainties.
  • The Company cannot guarantee that the Company is, or will be able to, obtain various required licenses in U.S. states or in any other jurisdiction where they may be required in the future.

Legal proceedings

We are not currently subject to any material legal proceedings, nor, to our knowledge, are any material legal proceedings threatened against us. We may be a party to certain lawsuits in the normal course of business, including proceedings relating to the enforcement of our rights under loans to or other contracts with our portfolio companies. Furthermore, third parties may try to seek to impose liability on us in connection with our activities or the activities of our portfolio companies. Our business is also subject to extensive regulation, which may result in regulatory proceedings against us. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors.

The opening of Item 3, Legal Proceedings.5

Sources

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