Public, non-traded

LSBDC — Lafayette Square USA Inc

Lafayette Square USA Inc is a business development company managed by LS BDC Adviser. Strategy: community / impact middle-market lending.

Research

Continue researching LSBDC

Open LSBDC's portfolio in the Market Monitor The Market Monitor scoped to LSBDC: positions, spread surface, rich/cheap and credit health for this one portfolio. Signed-in workspace.
Research the credits it holds The portfolio table below: each credit links to its company page, with every other holder of that credit.

What SpreadVista tracks for LSBDC

•Marks-to-par across the portfolio. Fair value as a fraction of par cost — the canonical health signal for a private-credit position — read from LSBDC's own iXBRL tags and tracked quarter-over-quarter. A mark needs a par basis to exist, and LSBDC reports one on 71.1% of the positions we serve; the rest (equity stakes, warrants, untagged principal) are shown without one rather than estimated.
•Top issuers by fair value. LSBDC's concentration profile — the largest 10/25/50 exposures with mark and maturity context.
•Spread surface vs comparable BDCs. Where LSBDC's positions sit on the credit-spread surface relative to peer-group BDCs holding similar credits, across the 82.7% of its positions that carry a tagged spread over a reference rate.
•Cross-vehicle issuer exposure. Which other BDCs and interval funds hold the same credits as LSBDC — a contagion-risk view incumbents charge $20K–200K per seat for.

What we can't show for LSBDC

SpreadVista only serves what the filer machine-tagged, and only computes a metric where there is enough of it to stand behind. Each item below is either under that bar for LSBDC or something we could not tie to any individual position — the note says which. We leave them blank rather than infer them:

•Non-accrual status. We haven't tied a non-accrual disclosure to any individual LSBDC position, so this page doesn't show a non-accrual view. That is not a finding that LSBDC has none — a filer can disclose non-accruals in prose, or as a portfolio-level total our footnote reader can't attribute to a row. The positions we serve are shown as filed, with accrual status left unknown.
•NAV per share. We have no NAV-per-share observation for LSBDC. Non-traded BDCs report NAV outside the tagged Schedule of Investments, so it doesn't reach us through the same pipeline as the positions.

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Free to research. Every LSBDC position we serve, every cross-vehicle overlap — sourced directly from primary regulatory disclosures, with the methodology and the coverage gaps shown on every chart.

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About LSBDC

Ticker: LSBDC
Legal name: Lafayette Square USA Inc
Manager / Advisor: LS BDC Adviser
Category: Public, non-traded
Strategy: Community / impact middle-market lending
Fiscal year end: 12-31
SEC CIK: 1849089 (Primary filings) (opens in new tab)

Related concepts

Plain-English explanations of the concepts behind BDC analysis:

Continue researching LSBDC

Open LSBDC's portfolio in the Market Monitor The Market Monitor scoped to LSBDC: positions, spread surface, rich/cheap and credit health for this one portfolio. Signed-in workspace.

Research the credits it holds The portfolio table below: each credit links to its company page, with every other holder of that credit.

What SpreadVista tracks for LSBDC

•Marks-to-par across the portfolio. Fair value as a fraction of par cost — the canonical health signal for a private-credit position — read from LSBDC's own iXBRL tags and tracked quarter-over-quarter. A mark needs a par basis to exist, and LSBDC reports one on 71.1% of the positions we serve; the rest (equity stakes, warrants, untagged principal) are shown without one rather than estimated.

•Top issuers by fair value. LSBDC's concentration profile — the largest 10/25/50 exposures with mark and maturity context.

•Spread surface vs comparable BDCs. Where LSBDC's positions sit on the credit-spread surface relative to peer-group BDCs holding similar credits, across the 82.7% of its positions that carry a tagged spread over a reference rate.

•Cross-vehicle issuer exposure. Which other BDCs and interval funds hold the same credits as LSBDC — a contagion-risk view incumbents charge $20K–200K per seat for.

What we can't show for LSBDC

•Non-accrual status. We haven't tied a non-accrual disclosure to any individual LSBDC position, so this page doesn't show a non-accrual view. That is not a finding that LSBDC has none — a filer can disclose non-accruals in prose, or as a portfolio-level total our footnote reader can't attribute to a row. The positions we serve are shown as filed, with accrual status left unknown.

•NAV per share. We have no NAV-per-share observation for LSBDC. Non-traded BDCs report NAV outside the tagged Schedule of Investments, so it doesn't reach us through the same pipeline as the positions.