Onex Direct Lending BDC Fund: reports Q3 2026 NAV of $17.04

What happened

• Onex Direct Lending BDC Fund reported that its net asset value ("NAV") per share was $17.04 as of Sep 30, 2026, compared to $17.31 as of Jun 30, 2026. The filing states the quarter-over-quarter change in NAV per share was "primarily driven by distributions in excess of current-period net investment income, which were supported by accumulated distributable income from prior periods, and net unrealized depreciation from certain of the Company’s investments in the portfolio."
• The filing also reported portfolio and business commentary for the quarter ended Sep 30, 2026 and disclosed the status of the Company’s private offering of common shares.

Key details

• NAV per share: $17.04 as of Sep 30, 2026; NAV per share was $17.31 as of Jun 30, 2026. Net investment income was $0.44 per share for the quarter; dividends were $0.53 per share for the quarter, an annualized distribution yield of 12.44% based on Q3 NAV.
• Portfolio fair market value: $261,600,000 across 43 portfolio companies and 14 industries; unfunded commitments: $12,900,000; 88% of loan portfolio by fair value priced above 85 cents on the dollar.
• Portfolio composition and credit: 97% first lien debt and 99% floating rate investment commitments by par value; one investment on non-accrual representing 0.2% of the investment portfolio at fair value (compared with 3.7% as of Jun 30, 2026).
• Leverage and liquidity: aggregate net asset value $136,600,000; asset coverage ratio of total assets to total borrowings 200% as of Sep 30, 2026; net leverage ratio 0.94x (within stated target 0.75x to 1.25x); remaining facility sizes totaling $184,000,000 (includes $300,000,000 SPV facility and $20,000,000 Revolving OUSH Loan subject to tests).

Why it may matter

• Item 7.01 (Regulation FD disclosure) contains the Company’s portfolio and business commentary for the quarter ended Sep 30, 2026. Item 8.01 (Other events) reports the NAV per share as of Sep 30, 2026 and the status and proceeds of the private offering (14,505,946 common shares issued for $359,800,000 to date). The filing does not show why the insider traded or why the company acted.