Private company

BC Partners Lending Corp

Investment fund that raised $110.2 million in 2019 (SEC Form D)2

In its 2026 annual report the company says: “We invest primarily in the U.S. middle-market credit sector.”4 It is headquartered in Baltimore, United States.2

Last updated Oct 20, 2026.

Overview

  • HeadquartersBaltimore, United States2
  • Incorporated inMD3
  • Business address650 Madison Avenue, New York, Ny 100223
  • Filer category, Emerging growth company3
  • Legal formCorporation2
  • Kind of organizationInvestment fund2
  • LEI549300650X7C1HYISP322
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O CSC-LAWYERS INCORPORATING SERVICE COMPANY, 21202 Baltimore, United States2
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D184654432

See how the biggest companies compare on our leaderboards

BC Partners Lending Corporation (the “Company” “BCPL” “we” “us” or “our”) was formed on December 22, 2017 as a corporation under the laws of the State of Maryland and commenced operations on October 2, 2019. We invest primarily in the U.S. middle-market credit sector.4 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 income567$3.7M in 2025−14% since 2021
-$5.0M0$5.0M$10.0M2021: $4.3M$4.3M20212022: -$4.1M-$4.1M20222023: $7.1M$7.1M20232024: $1.8M$1.8M2024−75%2025: $3.7M$3.7M2025+112%
Fiscal year202120222023202420252026
Operating expenses$5.6M5$1.5M5$1.4M6$06$11.8M7
Interest$1.5M5$2.5M6$5.2M7$6.0M7$6.1M7
Net income$4.3M5-$4.1M6$7.1M7$1.8M7$3.7M7
Earnings per share$2.535-$2.156$2.527$0.567$0.837
Earnings per share (diluted)$2.535-$2.156$2.527$0.567$0.837
Shares (weighted, basic)1.7M shares51.9M shares62.8M shares73.2M shares74.5M shares7
Shares (weighted, diluted)1.7M shares51.9M shares62.8M shares73.2M shares74.5M shares7

Compare BC Partners Lending Corp with another company

Corporate structure

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

Major holders of BC Partners Lending Corp

  • First Trust Capital Management L.P. Filed SCHEDULE 13G/A on BC Partners Lending Corp, latest Sep 4, 2026 (3 filings since Mar 24, 2026)
  • BCPLC Access Fund, LP Filed SC 13G on BC Partners Lending Corp, latest Feb 13, 2024 (2 filings since Feb 15, 2023)
  • BC Partners Lending Corp Baltimore, Maryland, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What BC Partners Lending 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$512.0K7 Dec 31, 2025$329.0K7 Dec 31, 2024+55.6%

Properties, in its own words

Our corporate headquarters are located at 650 Madison Avenue, 3rd floor, New York, New York 10022 and are provided by the Administrator in accordance with the terms of our Administration Agreement. We believe that our office facilities are suitable and adequate for our business as it is contemplated to be conducted.

Item 2 of the 10-K filed Mar 6, 2026.4

Leadership

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

Chief executive

  1. Edward J. Goldthorpe2018–now

President

  1. Edward J. Goldthorpe2018–now

Chief financial officer

  1. Graeme Dell2018
  2. Edward U. Gilpin2019
  3. Jason T. Roos2021
  4. James Piekarski2024
20202025
Board members and other officers (8)

Timeline

  1. Oct 2, 20268-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation21
  2. Sep 11, 20268-K Other events22
  3. Jun 26, 20268-K Shareholder vote23
  4. Feb 25, 20268-K Entered a material agreement24
  5. Dec 8, 20258-K Unregistered sale of shares25
  6. Nov 12, 20258-K Unregistered sale of shares26
  7. Aug 6, 20258-K Shareholder vote27
  8. May 27, 20258-K Unregistered sale of shares28
  9. Apr 28, 20258-K Unregistered sale of shares29
  10. Feb 20, 20258-K Entered a material agreement; New debt or obligation30
  11. Sep 12, 20248-K Unregistered sale of shares31
  12. Jun 26, 20248-K Shareholder vote32
  13. Apr 23, 2018New chief executive Edward J. Goldthorpe becomes CEO10
  14. Dec 22, 2017Founded BC Partners Lending Corp is founded2

Filings

77 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 24 major events, 4 insider forms, 5 large holders, 5 private raises, 19 other. The latest 20:

  1. Oct 2, 20268-K EDGAR
  2. Oct 1, 20264 EDGAR
  3. Sep 11, 20268-K EDGAR
  4. Sep 4, 2026SCHEDULE 13G/A EDGAR
  5. Aug 7, 202610-Q EDGAR
  6. Jun 26, 20268-K EDGAR
  7. May 8, 202610-Q EDGAR
  8. May 1, 202640-17G EDGAR
  9. Apr 30, 2026D/A EDGAR
  10. Apr 30, 2026DEFA14A EDGAR
  11. Apr 29, 2026DEF 14A EDGAR
  12. Apr 22, 2026424B3 EDGAR
  13. Apr 8, 2026EFFECT EDGAR
  14. Mar 31, 2026N-14 8C/A EDGAR
  15. Mar 25, 2026N-14 8C EDGAR
  16. Mar 24, 2026SCHEDULE 13G/A EDGAR
  17. Mar 24, 2026SCHEDULE 13G EDGAR
  18. Mar 6, 202610-K EDGAR
  19. Feb 25, 20268-K EDGAR
  20. Dec 8, 20258-K EDGAR

The 77 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

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 19, 2024Goldthorpe Edward J.President, CEOBuy5,772$21.57$124.5KForm 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. Oct 2, 2019Raised $110.2 million in a private offering of equity Form D: 77 investors so far Form D

SEC filer profile

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

  • Name on EDGARBC Partners Lending Corp1
  • CIK0001726548
  • Employer ID (EIN)82-46542714
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inMaryland4
  • Business address650 Madison Avenue, New York, NY 100221
  • Phone212-891-28801
  • Shares outstanding5,296,262 as of Aug 5, 20269
  • Public float$0 as of Dec 31, 20257
  • AuditorDeloitte & Touche LLP, New York, New York PCAOB ID 34; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceDec 27, 20171
  • Filings170 in all: 8-K (41), 10-Q (25), 3 (17), 4 (14), 10-K (8), 40-17G (8), DEF 14A (7), 40-APP/A (6)1
    All 32 form types

    D/A (6), 40-APP (5), SC 13D (4), DEFA14A (3), SC 13D/A (3), SC 13G (3), APP NTC (2), SCHEDULE 13G/A (2), 10-12G (1), 10-12G/A (1), 10-K/A (1), 4/A (1), 424B3 (1), APP ORDR (1), APP WD (1), APP WDG (1), CORRESP (1), D (1), DEF 14C (1), EFFECT (1), N-14 8C (1), N-14 8C/A (1), N-54A (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 6, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 29, 2026
    Latest 8-K (8-K) Oct 2, 2026

Securities registered for trading

ClassSymbolExchange
None

From the cover page of the 10-K filed Mar 6, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks BC Partners Lending Corp names in Item 1A of its 10-K filed Mar 6, 2026: 76 risks under these headings, as written.4

  • Risks Related To Our Business And Structure
  • The announcement and pendency of the merger with ACIF (as defined below) could adversely affect the Company’s businesses, financial results and operations.
  • Most stockholders will experience a reduction in percentage ownership and voting power in the combined company as a result of the Mergers.
  • The termination of the Merger Agreement could negatively impact the Company.
  • The Merger Agreement limits the ability of the Company to pursue alternatives to the Mergers.
  • The Company will be subject to operational uncertainties and contractual restrictions while the Mergers are pending.
  • If the Mergers do not close, the Company will not benefit from the expenses it has incurred in pursuit of the Mergers.
  • Litigation filed against ACIF or the Company in connection with the Mergers could result in substantial costs and could delay or prevent the Mergers from being completed.
  • The Mergers are subject to closing conditions, including stockholder approvals, that, if not satisfied or (to the extent legally allowed) waived, will result in the Mergers not being completed, which may result in material adverse consequences to the business and operations of the Company.
  • Our Board may change our investment objective, operating policies and strategies without prior notice or stockholder approval, the effects of which may be adverse to our results of operations and financial condition.
  • Price declines in the medium- and large-sized U.S. corporate debt market may adversely affect the fair value of our portfolio, reducing our net asset value through increased net unrealized depreciation.
  • Capital markets may experience periods of disruption and instability. Such market conditions could materially and adversely affect the Company’s business, financial condition and results of operations.
The other 65 risks
  • Adverse developments in the credit markets may impair our ability to secure debt financing.
  • Further downgrades of the U.S. credit rating, impending automatic spending cuts, another government shutdown or a failure to raise the statutory debt limit of the United States could negatively impact our liquidity, financial condition and earnings.
  • If we cannot obtain additional capital because of either regulatory or market price constraints, we could be forced to curtail or cease our new lending and investment activities, our net asset value could decrease and our level of distributions and liquidity could be affected adversely.
  • Terrorist attacks, acts of war or natural disasters may adversely affect our operations.
  • Economic sanction laws in the United States and other jurisdictions may prohibit us and our affiliates from transacting with certain countries, individuals and companies.
  • We are currently operating in a period of capital markets disruption and economic uncertainty.
  • Our ability to achieve our investment objective depends on the ability of the Adviser to manage and support our investment process. If the Adviser were to lose any members of their respective senior management teams, our ability to achieve our investment objective could be significantly harmed.
  • Any inability of the Adviser to maintain or develop strong referral relationships, or the failure of these relationships to generate investment opportunities, could adversely affect our business.
  • We operate in a highly competitive market for investment opportunities, which could delay deployment of our capital, reduce returns and result in losses.
  • We may have difficulty sourcing investment opportunities.
  • As required by the 1940 Act, a significant portion of our investment portfolio is and will be recorded at fair value as determined by the Adviser in its role as valuation designee, subject to the ultimate oversight of our Board and, as a result, there is and will be uncertainty as to the value of our portfolio investments.
  • The involvement of our interested directors in the valuation process may create conflicts of interest.
  • There is a risk that investors in our equity securities may not receive distributions consistent with historical levels or at all, or that our distributions may not grow over time and a portion of our distributions may be a return of capital.
  • We have not established any limit on the amount of funds we may use from available sources, such as borrowings, if any, or proceeds from our Private Offering, to fund distributions (which may reduce the amount of capital we ultimately invest in assets).
  • Changes in laws or regulations governing our operations may adversely affect our business or cause us to alter our business strategy.
  • Changes to U.S. tariff and import/export regulations may have a negative effect on our portfolio companies and, in turn, harm us.
  • As a public reporting company, we are subject to increasingly complex corporate governance, public disclosure and accounting requirements that are costly and could adversely affect our business and financial results.
  • If we fail to maintain an effective system of internal control over financial reporting, we may not be able to accurately report our financial results or prevent fraud. As a result, investors could lose confidence in our financial and other public reporting, which would harm our business.
  • There is uncertainty surrounding potential legal, regulatory and policy changes by new presidential administrations in the United States that may directly affect financial institutions and the global economy.
  • The impact of financial reform legislation on us is uncertain.
  • We may experience fluctuations in our quarterly and annual results.
  • We are an “emerging growth company” under the JOBS Act, and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors.
  • Any unrealized depreciation we experience on our portfolio may be an indication of future realized losses, which could reduce our income available for distribution.
  • The Company may incur additional leverage.
  • We are highly dependent on information systems and systems failures could significantly disrupt our business, which may, in turn, negatively affect our liquidity, financial condition, results of operations, or our ability to make distributions to our stockholders.
  • We, the Adviser and our portfolio companies are subject to cybersecurity risks and cyber incidents which may adversely affect our business, financial condition and operating results.
  • Internal and external cyber threats, as well as other disasters, could impair our ability to conduct business effectively.
  • Inflation may adversely affect our business and operations and those of our portfolio companies.
  • Risks Related to the Adviser and its Affiliates
  • The Adviser and its affiliates, including our officers and some of our directors, face conflicts of interest caused by compensation arrangements with us and our affiliates, which could result in actions that are not in the best interests of our stockholders.
  • There are significant potential conflicts of interest that could negatively affect our investment returns.
  • We may be obligated to pay the Adviser incentive compensation even if we incur a net loss due to a decline in the value of our portfolio, and the incentive fee may be calculated using income that has not yet been received.
  • The Adviser is not obligated to reimburse us for any part of the incentive fee it receives that is based on accrued income that we never receive.
  • There may be conflicts of interest related to obligations that the Adviser’s senior management and Investment Team has to other clients.
  • The time and resources that individuals employed by the Adviser devote to us may be diverted and we may face additional competition due to the fact that individuals employed by the Adviser are not prohibited from raising money for or managing other entities that make the same types of investments that we target.
  • Our base management and incentive fees may induce the Adviser to make speculative investments or to incur leverage.
  • Shares of our common stock may be purchased by the Adviser or its affiliates.
  • We depend upon the Adviser’s key personnel for our future success
  • The Adviser may retain additional consultants, advisers and/or operating partners to provide services to the Company, and such additional personnel will perform similar functions and duties for other organizations which may give rise to conflicts of interest.
  • The terms of the Investment Advisory Agreement and the Administration Agreement were determined without independent assessment on our behalf, and these terms may be less advantageous to us than if such terms had been the subject of arm’s-length negotiations.
  • The Adviser’s influence on conducting our operations gives it the ability to increase its fees, which may reduce the amount of cash flow available for distribution to our stockholders.
  • Our Adviser’s liability is limited under the Investment Advisory Agreement, and we have agreed to indemnify the Adviser against certain liabilities, which may lead the Adviser to act in a riskier manner on our behalf than it would when acting for its own account.
  • Our Adviser has the right to resign on 60 days’ notice, and we may not be able to find a suitable replacement within such time, resulting in a disruption in our operations that could adversely affect our financial condition, business and results of operations.
  • The investment committee and other investment professionals of the Adviser may, from time to time, possess material non-public information about or related to our portfolio companies, limiting our investment discretion.
  • Risks Related to Business Development Companies
  • The requirement that we invest a sufficient portion of our assets in qualifying assets could preclude us from investing in accordance with our current business strategy; conversely, the failure to invest a sufficient portion of our assets in qualifying assets could result in our failure to maintain our status as a BDC.
  • Failure to maintain our status as a BDC would reduce our operating flexibility.
  • Regulations governing our operation as a BDC affect our ability to raise additional capital and the way in which we do so. As a BDC, the necessity of raising additional capital may expose us to risks, including the typical risks associated with leverage.
  • Our ability to enter into new transactions with our affiliates, and to restructure or exit our investments in portfolio companies that we are deemed to “control” under the 1940 Act, will be restricted by the 1940 Act, which may limit the scope of investment opportunities available to us.
  • We are uncertain of our sources for funding our future capital needs; if we cannot obtain debt or equity financing on acceptable terms, our ability to acquire investments and to expand our operations will be adversely affected.
  • We are a non-diversified investment company within the meaning of the 1940 Act, and therefore we are not limited with respect to the proportion of our assets that may be invested in securities of a single issuer.
  • Our portfolio may be concentrated in a limited number of industries, which may subject us to a risk of significant loss if there is a downturn in a particular industry in which a number of our investments are concentrated.
  • If our portfolio companies are unable to protect their proprietary, technological and other intellectual property rights, our business and prospects could be harmed, and if portfolio companies are required to devote significant resources to protecting their intellectual property rights, the value of our investment could be reduced.
  • The effect of global climate change may impact the operations of our portfolio companies.
  • Risks Related to Our Investments
  • Our investments in prospective portfolio companies may be risky, and we could lose all or part of our investment.
  • First Lien Loans and Second Lien Loans.
  • Collateralized Securities, Structured Products and Other.
  • If we make subordinated investments, the obligors or the portfolio companies may not generate sufficient cash flow to service their debt obligations to us.
  • If the assets securing the loans that we make decrease in value, then we may lack sufficient collateral to cover losses.
  • Our investments in securities rated below investment grade are speculative in nature and are subject to additional risk factors such as increased possibility of default, illiquidity of the security, and changes in value based on changes in interest rates.
  • To the extent original issue discount and PIK interest constitute a portion of our income, we will be exposed to typical risks associated with such income being required to be included in taxable and accounting income prior to receipt of cash representing such income.
  • Our investments in leveraged portfolio companies may be risky, and we could lose all or part of our investment.
  • Our investments in information technology companies may be risky, and we could lose all or part of our investment.
  • Our portfolio companies may incur debt that ranks equally with, or senior to, our investments in such companies.
  • Investment in private and middle market companies involves a number of significant risks.
  • Our investments may be in portfolio companies which may have limited operating histories and financial resources.
  • There may be circumstances where our debt investments could be subordinated to claims of other creditors or we could be subject to lender liability claims.

Legal proceedings

We and our subsidiaries are not currently subject to any material legal proceedings, nor, to our knowledge, are any material legal proceedings threatened against us or our subsidiaries. From time to time, we or our subsidiaries may be party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under contracts with our portfolio companies. Our business is also subject to extensive regulation, which may result in regulatory proceedings against us.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
    SEC EDGAROther events
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34