Barings Private Credit Corp
Barings Private Credit Corp honored 46.01% of $316,928,542 requested in Q2 2026, per its SC TO-I/A filed 2026-07-23.
- Fund
- Barings Private Credit Corp
- Type
- Non-traded BDC
Most recent quarter
Every figure above was read from this filing: SC TO-I/A filed .
How we read this filing
The filing’s own words
Verbatim sentences from the SC TO-I/A filed Jul 23, 2026 . Each figure on this page traces to one of them.
The Company has accepted for purchase 7,320,222 Shares at a purchase price per Share equal to the net asset value per Share as of June 30, 2026 (less the 2% early repurchase deduction, as applicable)
Due to the oversubscription of the Offer, based on the final count by the Company’s transfer agent, the Company accepted for purchase on a pro rata basis approximately 46.01% of the Shares validly tendered and not properly withdrawn prior to the expiration of the Offer
The Company has accepted for purchase 7,320,222 Shares at a purchase price per Share equal to the net asset value per Share as of June 30, 2026 (less the 2% early repurchase deduction, as applicable)
On July 20, 2026, the Company determined that, as of June 30, 2026, the net asset value per Share was $19.92 per Share
and – The aggregate purchase price for the 7,320,222 Shares validly tendered and not withdrawn equals $145,777,475.96, representing the June 30, 2026 net asset value of the total amount of Shares accepted for purchase by the Company, less the early repurchase deduction, as applicable, which amount will be paid by the Company pursuant to the terms of the promissory notes.
Checks we ran
Each extracted figure is cross-checked against the others before anything is published. A filing that fails a check is not estimated — it is listed as one we could not read.
| Check | Result | Detail |
|---|---|---|
| tendered_derived_from_proration | Passed | The filing states no tendered count. It states 7,320,222 accepted and a pro-rata acceptance of 46.01% of what was tendered, so tendered = 7,320,222 / 46.01% = 15,910,067. The percentage is the filing's own single figure — it has no independent cross-check, and this row says so; the ACCEPTED count and the dollar figures below do cross-check. |
| nav_per_share_stated | Passed | The filing states the per-Share figure outright: $19.92 per Share. Requested = 15,910,067.377 shares × $19.92 = $316,928,542. |
| aggregate_purchase_price_used | Passed | The filing states an aggregate purchase price of $145,777,475.96 for all Shares repurchased. Any percentage in that same sentence is the share of the FUND repurchased, not the share of the REQUEST honored, and is deliberately not read as the latter. |
| shares_accepted_within_tendered | Passed | 7,320,222 shares accepted vs 15,910,067.377 tendered. A fund cannot accept more than was offered to it. |
| honored_pct_in_range | Passed | Honored 46.01% of shares tendered. |
| requested_usd_plausible | Passed | Requested $316,928,542 — at or above the $1,000,000 scale floor. |
| honored_not_above_requested | Passed | Honored $145,777,476 of $316,928,542 requested. |
| shares_x_nav_matches_paid | Passed | 7,320,222 shares accepted x $19.92 NAV/share = $145,818,822, against $145,777,476 the filing says was paid (0.03% apart, measured against the larger, gross side). |
| dollars_consistent_with_shares | Passed | Dollars honored are 46.00% of dollars requested, against 46.01% of shares. These describe the same event and must agree to within 5 points (the gap is the early repurchase deduction). |
| implied_nav_per_share_agrees | Passed | The request implies $19.92 a share ($316,928,542 / 15,910,067.377); what was honored implies $19.91 ($145,777,476 / 7,320,222). Every share in one offer is priced at the same net asset value, so these must agree. |
| implied_nav_per_share_plausible | Passed | The implied net asset value is $19.92 a share. A non-traded BDC prices in the tens of dollars; a figure far outside that is a misread, not a discovery. |
How we built this list, and what we exclude — the derivation of the fund list, the cross-checks every figure has to pass, and the funds that are deliberately absent.
Repurchase history
Every quarter of this fund for which a result could be read from a filing, newest first. Each row cites the document it came from.
| Period | Honored % | Requested | Honored | Source filing |
|---|---|---|---|---|
| Q2 2026 | 46.01% Prorated | $317m | $146m | SC TO-I/A · |
| Q1 2026 | 44.30% Prorated | $315m | $140m | SC TO-I/A · |
| Q4 2025 | 100.00% Honored in full | $103m | $103m | SC TO-I/A · |
| Q3 2025 | 100.00% Honored in full | $46.0m | $46.0m | SC TO-I/A · |
| Q2 2025 | 100.00% Honored in full | $58.3m | $58.2m | SC TO-I/A · |
| Q1 2025 | 100.00% Honored in full | $12.8m | $12.8m | SC TO-I/A · |
| Q4 2024 | 100.00% Honored in full | $5.8m | $5.8m | SC TO-I/A · |
| Q3 2024 | 100.00% Honored in full | $14.5m | $14.5m | SC TO-I/A · |
| Q2 2024 | 100.00% Honored in full | $3.5m | $3.5m | SC TO-I/A · |
| Q1 2024 | 100.00% Honored in full | $32.3m | $32.3m | SC TO-I/A · |
| Q4 2023 | 100.00% Honored in full | $307k | $307k | SC TO-I/A · |
| Q3 2023 | 100.00% Honored in full | $38.2m | $38.2m | SC TO-I/A · |
| Q1 2023 | 100.00% Honored in full | $10k | $10k | SC TO-I/A · |
Source: this fund’s own filings on SEC EDGAR (Schedule TO-I and its amendments). “Honored in full” means every share validly tendered was repurchased; “prorated” means a share of each request was.
Filings we could not read
We read these filings and could not extract a figure we could stand behind, so we published none. They are listed here because a quarter missing from the history above is not the same as a quarter with no gate.
| Filing | Why we published nothing |
|---|---|
| SC TO-I/A · | dollar_figures_not_found |