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You don’t rise alone.
You rise with your environment.
One subscriber changed nothing but their circle.
More builders. Less complainers.
Income followed.
Energy transfers.
Q1 2026: $20.8B in BDC Redemption Requests. 0.44% Lifetime Net Loss Rate on Percent.
In Q1 2026, the non-traded BDC market hit $20.8B in redemption requests — most investors received roughly half of what they asked for. Moody's revised the U.S. BDC sector outlook to Negative. Investors who thought they owned liquid private credit found out their fund manager decided whether they could get out.
On Percent's marketplace that same quarter: new issuances, scheduled payments, and a 0.44% lifetime net loss rate on asset-based deals that's held since inception.†
The difference is structural. BDCs often own concentrated corporate loans with quarterly redemption windows that close at the manager's discretion. Percent finances specialty lenders against pools of performing receivables — diversified, overcollateralized, short duration.
Track record through 3/31/26:†
14.6% net ABS returns LTM after losses
0.44% lifetime net loss rate since inception (asset-based deals)
$1.62B+ in ABS originations
870+ offerings completed
Deal terms 6–24 months · Starting at $500
Alternative investments are speculative. No assurance can be given that investors will receive a return of their capital. Secondary market transactions are subject to availability and issuer approval; liquidity is not guaranteed. †Past performance is not indicative of future results. Terms apply.
3-step play
Audit who you talk to daily
Reduce exposure to negative loops
Increase exposure to builders
Protect your mind like it pays you.
Because it does.
You’re a builder. Builders choose their circle.
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