| ---
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| license: other
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| license_name: tensorust-sample-license
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| license_link: https://tensorust.com/datasets/bdc-pik-dependence/
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| pretty_name: "BDC PIK Income Dependence (free sample)"
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| language:
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| - en
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| tags:
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| - tensorust
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| - sample
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| - private-credit-and-finance
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| - government-data
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| - finance
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| size_categories:
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| - n<1K
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| configs:
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| - config_name: sample
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| data_files:
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| - split: train
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| path: sample.csv
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| - config_name: summary
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| data_files:
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| - split: train
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| path: summary_by_income_basis.csv
|
| ---
|
|
|
| # BDC PIK Income Dependence: free sample (Tensorust LLC)
|
|
|
| How much of each BDC's income is paid in kind instead of cash, and how it moved from Q1 to Q2 2026.
|
|
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| **Headline:** Payment-in-kind interest is income a BDC books but does not receive in cash: the borrower adds it to the loan.
|
|
|
| This repository is a **free teaser**, not the dataset. It holds 25 example rows and a summary table with no names in it. The full file has **172 rows** and is sold by Tensorust LLC: **[https://tensorust.com/datasets/bdc-pik-dependence/](https://tensorust.com/datasets/bdc-pik-dependence/)**.
|
|
|
| ## Files here
|
|
|
| | file | what it is |
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| |---|---|
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| | `sample.csv` | 25 rows of the full file (the same sample shown on tensorust.com) |
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| | `summary_by_income_basis.csv` | row counts and totals by income basis across the full file, no entity names (groups with fewer than 3 rows are folded into "Other") |
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|
|
| ## Summary by income basis (largest groups)
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|
|
| | Income basis | rows | Debt fair value Q2 (USD) |
|
| |---|---|---|
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| | no PIK income tag filed; use the schedule-based share | 86 | 362,820,242,219 |
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| | income statement PIK tag (3 months to Jun 30 2026) | 86 | 210,040,647,780 |
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| | TOTAL | 172 | 572,860,889,999 |
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|
|
| Full table: `summary_by_income_basis.csv`.
|
|
|
| ## What the full file has
|
|
|
| - 172 rows
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| - Key fields: bdc, cik, pik_income_q2, total_investment_income_q2, pik_share_of_income_q2, pik_income_q1, total_investment_income_q1, pik_share_of_income_q1, pik_income_share_change_pts, debt_fv_q2
|
| - Parquet and CSV, a README with sources, method and limits, and the build script
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| - Free 25-row sample (no personal contact data)
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|
|
| Coverage: Every BDC with a Jun 30 2026 schedule of investments in the SEC data sets; income-statement PIK only where the BDC tags it. Q1 and Q2 2026 filings; built Nov 6 2026
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|
|
| ### Columns in the full file
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|
|
| | column | meaning |
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| |---|---|
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| | `bdc` | BDC name |
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| | `cik` | SEC CIK |
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| | `pik_income_q2` | PIK interest and dividend income, 3 months to Jun 30 2026 |
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| | `total_investment_income_q2` | Total investment income, same period |
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| | `pik_share_of_income_q2` | PIK income divided by total investment income |
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| | `pik_income_q1` | PIK income, 3 months to Mar 31 2026 |
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| | `total_investment_income_q1` | Total investment income, Q1 |
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| | `pik_share_of_income_q1` | Q1 PIK share of income |
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| | `pik_income_share_change_pts` | Change in PIK share of income, percentage points |
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| | `debt_fv_q2` | Debt fair value at Jun 30 2026 |
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| | `pik_fv_q2` | Fair value of PIK-bearing debt lines |
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| | `pik_share_of_debt_fv_q2` | PIK debt fair value divided by debt fair value |
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| | `pik_lines_q2` | PIK lines at Jun 30 |
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| | `debt_lines_q2` | Debt lines at Jun 30 |
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| | `debt_fv_q1` | Debt fair value at Mar 31 |
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| | `pik_fv_q1` | PIK debt fair value at Mar 31 |
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| | `pik_share_of_debt_fv_q1` | PIK share of debt fair value at Mar 31 |
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| | `pik_lines_q1` | PIK lines at Mar 31 |
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| | `pik_fv_share_change_pts` | Change in PIK share of debt fair value, points |
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| | `income_basis` | Whether an income statement PIK tag was filed |
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| | `filed` | Q2 filing date |
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| | `url` | Q2 filing |
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| | `source_sec_bdc_data_sets` | SEC data set page |
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|
|
| ## Get the full file
|
|
|
| | tier | price | includes |
|
| |---|---|---|
|
| | PIK dataset | $1,500 | Every BDC's PIK share of investment income and of debt fair value for Q1 and Q2 2026 (172 BDCs), plus all 6,477 PIK lines at Jun 30 2026 with borrower, rate, mark and maturity. |
|
| | Quarter-close license | $6,000 a year | Rebuilt every quarter as 10-Qs and 10-Ks post, with each BDC's PIK trend, new PIK lines and PIK toggles flagged. |
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| | Research license | $24,000 a year | Quarterly rebuilds plus history back to the first SEC BDC data set and the full position table, for equity analysts, rating agencies and wealth platforms. |
|
|
|
| Email **mattbusel@tensorust.com** with the tier and a billing contact, and we will send a proper invoice (ACH or card). The file is delivered once the invoice is paid. Details and the live sample: [https://tensorust.com/datasets/bdc-pik-dependence/](https://tensorust.com/datasets/bdc-pik-dependence/). All datasets: https://tensorust.com/datasets/
|
|
|
| ## Method and limits
|
|
|
| Sum PIK income tags and total investment income for the 3-month period ending at each quarter end with no dimensions, and flag PIK lines in the schedule of investments by the PIK rate tag or PIK in the identifier; compare quarters. pik_lines.csv lists every PIK line.
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|
|
| Not cash flow data (PIK received in cash later is not tracked), not complete for BDCs that do not tag PIK income separately, not investment advice. No personal data.
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|
|
| ## Sources
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|
|
| - SEC DERA BDC Data Sets: num.tsv (income statement tags InterestIncomeOperatingPaidInKind, DividendIncomeOperatingPaidInKind, GrossInvestmentIncomeOperating) and soi.tsv, May to Oct 2026 files
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|
|
| ## License
|
|
|
| The sample and summary here are free to view, analyze and cite with attribution to "Tensorust LLC, https://tensorust.com/datasets/bdc-pik-dependence/". The full dataset is licensed separately per tier. No resale or redistribution of Tensorust data without a written license.
|
|
|
| Tensorust LLC, Tuckahoe NY. mattbusel@tensorust.com | https://tensorust.com
|
| |
