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Physician Partners, LLC

Private Credit

Search this name across graphsid dfx:pc:0775adb5-6944-5c11-cc89-3b7760e371dc

Data as of Jun 30, 2026 (this record's last observation) from The BDC tape; Adviser-reported credit funds; Deal parties; Pending. Page built Sep 19, 2026, 8:29 PM UTC and rebuilt at most every 15 minutes.

Relationships: 0
Dated events: 40
On other graphs: 0
Observed: Sep 30, 2022 to Jun 30, 2026
5 observations

Right now

3 signals name this record (all private credit signals)

#1IntensifiedSignalPrivate creditCredit deterioration (intensified)

Physician Partners, LLC: lender marks fell to 73 cents across 3 BDC lenders, second consecutive quarter

State INTENSIFIED at the 2025-12-31 quarter end, readable when the filing landed on 2026-08-06.

Exposure: $18.6M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 2.53x non accrual, 138d median

New Mountain Finance Corp · lender Blue Owl Capital Corp · lender Blue Owl Credit Income Corp. · lender

Credit Attention / portfolio monitorDec 31, 2025 · seen 2 days ago

#2NewSignalPrivate creditCredit deterioration

Physician Partners, LLC: lender marks fell to 76 cents across 3 BDC lenders

State NEW at the 2024-03-31 quarter end, readable when the filing landed on 2024-05-09.

Exposure: $39.3M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 2.38x non accrual, 139d median

New Mountain Finance Corp · lender Blue Owl Capital Corp · lender Blue Owl Credit Income Corp. · lender

Credit Attention / portfolio monitorMar 31, 2024 · seen 2 days ago

#3NewSignalPrivate creditCredit deterioration

Physician Partners, LLC: lender marks fell to 83 cents across 3 BDC lenders

State NEW at the 2025-06-30 quarter end, readable when the filing landed on 2025-08-07.

Exposure: $24.8M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 2.38x non accrual, 139d median

New Mountain Finance Corp · lender Blue Owl Capital Corp · lender Blue Owl Credit Income Corp. · lender

Credit Attention / portfolio monitorJun 30, 2025 · seen 2 days ago

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Lenders: 7
BDCs: 2
Facilities: 1
Principal, latest: $296Mpieces as filed; a lower bound
Fair value, latest: $287M
Mark ratio: 111%fair value over cost, latest
Next maturity: Dec 1, 2029
First on a schedule: Sep 30, 2022
Last on a schedule: Jun 30, 2026

Facilities

one facility is one borrower, one kind and one lien; its size is the sum of the BDC pieces the tape can see, a lower bound, never the commitment

Kind	Lien	Size, lower bound	Fair value	Maturity	Maturity basis	Spread	PIK	Lenders	BDCs	Status	Last seen
Term loan	First lien	$296M	$287M	Dec 1, 2029	Html schedule	0	0	2	5	Unknown	Jun 30, 2026

Lenders holding it now

each BDC's own pieces on its latest schedule, folded to one row per lender; every amount is that BDC's piece as filed, so a sum is a lower bound; 11 rows folded into 4

BDC	Pieces	Principal	Fair value	Unfunded	Nearest maturity	As of
Blue Owl Credit Income Corp.	3	$278M	$270M	$0	Dec 1, 2029	Jun 30, 2026
Blue Owl Capital Corp	2	$17.9M	$17.2M	$0	Dec 1, 2029	Jun 30, 2026
New Mountain Finance Corp	4	$11.1M	$10.6M	$0	Dec 1, 2029	Jun 30, 2026
SARATOGA INVESTMENT CORP.	2	$0	$0	$0	Dec 31, 2029	May 31, 2026

Relationships

No published relationship touches this entity yet.

Dated events

8 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Jun 30, 2026
Coupon changed
Physician Partners, LLC term loan: spread moved from 6.00% to 1.50%
BDC schedule of investments
$296M
Occurred
Mar 31, 2026
Coupon changed
Physician Partners, LLC term loan: spread moved from 1.50% to 6.00%
BDC schedule of investments
$295M
Occurred
Mar 31, 2026
Mark recovered
Blue Owl Capital Corp: fair value recovery in Physician Partners, LLC (88 to 99 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.989255765199161 usd
Occurred
Mar 31, 2026
Mark recovered
Blue Owl Credit Income Corp.: fair value recovery in Physician Partners, LLC (88 to 99 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.98974716346535 usd
Occurred
Dec 31, 2025
Coupon changed
Physician Partners, LLC term loan: spread moved from 6.00% to 1.50%
BDC schedule of investments
$295M
Occurred
Sep 30, 2025
Marked down across lenders
Physician Partners, LLC term loan: marked from 91 to 83 cents on cost across 3 lender(s)
BDC schedule of investments
$296M
Occurred
Sep 30, 2025
Marked down by a BDC
Blue Owl Capital Corp: fair value markdown in Physician Partners, LLC (91 to 84 cents on cost)
BDC schedule of investmentsobserved 10 months ago
0.836036036036036 usd
Occurred
Sep 30, 2025
BDC left a facility
Goldman Sachs Private Credit Corp. no longer holds Physician Partners, LLC term loan after 2025-09-30; 2 BDC(s) still hold it
BDC schedule of investments
$826,000
Occurred
Sep 30, 2025
Marked down by a BDC
Blue Owl Credit Income Corp.: fair value markdown in Physician Partners, LLC (91 to 84 cents on cost)
BDC schedule of investmentsobserved 10 months ago
0.835327574863643 usd
Occurred
Jun 30, 2025
Marked down across lenders
Physician Partners, LLC term loan: marked from 100 to 91 cents on cost across 3 lender(s)
BDC schedule of investments
$296M
Occurred
Jun 30, 2025
Coupon changed
Physician Partners, LLC term loan: spread moved from 4.00% to 6.00%
BDC schedule of investments
$296M
Occurred
Jun 30, 2025
PIK interest added
Blue Owl Credit Income Corp.: pik added in Physician Partners, LLC (0.00% to 2.50%)
BDC schedule of investmentsobserved 1.1 years ago
0.025 usd
Occurred
Jun 30, 2025
Marked down by a BDC
Blue Owl Credit Income Corp.: fair value markdown in Physician Partners, LLC (100 to 91 cents on cost)
BDC schedule of investmentsobserved 1.1 years ago
0.911145235386208 usd
Occurred
Jun 30, 2025
PIK interest added
Blue Owl Capital Corp: pik added in Physician Partners, LLC (0.00% to 2.50%)
BDC schedule of investmentsobserved 1.1 years ago
0.025 usd
Occurred
Jun 30, 2025
Marked down by a BDC
Blue Owl Capital Corp: fair value markdown in Physician Partners, LLC (100 to 91 cents on cost)
BDC schedule of investmentsobserved 1.1 years ago
0.910547216800161 usd
Occurred
Mar 31, 2025
Mark recovered
Physician Partners, LLC term loan: marked from 74 to 100 cents on cost
BDC schedule of investments
$296M
Occurred
Mar 31, 2025
Maturity extended
Physician Partners, LLC term loan: maturity moved from 2028-12-26 to 2030-12-31
BDC schedule of investments
$296M
Occurred
Mar 31, 2025
PIK interest added
Physician Partners, LLC term loan: PIK interest of 4.00% appears (was cash pay)
BDC schedule of investments
$296M
Occurred
Mar 31, 2025
Maturity extended
Blue Owl Capital Corp: maturity extended in Physician Partners, LLC (2028-12-01 to 2029-12-01)
BDC schedule of investmentsobserved 1.4 years ago
Occurred
Mar 31, 2025
Mark recovered
Blue Owl Credit Income Corp.: fair value recovery in Physician Partners, LLC (72 to 100 cents on cost)
BDC schedule of investmentsobserved 1.4 years ago
0.997642402340389 usd
Occurred
Mar 31, 2025
Maturity extended
Blue Owl Credit Income Corp.: maturity extended in Physician Partners, LLC (2028-12-01 to 2029-12-01)
BDC schedule of investmentsobserved 1.4 years ago
Occurred
Mar 31, 2025
Maturity extended
Goldman Sachs Private Credit Corp.: maturity extended in Physician Partners, LLC (2028-12-26 to 2030-12-31)
BDC schedule of investmentsobserved 1.4 years ago
Occurred
Mar 31, 2025
Marked down by a BDC
Blue Owl Capital Corp: fair value markdown in Physician Partners, LLC (163 to 100 cents on cost)
BDC schedule of investmentsobserved 1.4 years ago
0.9966239027684 usd
Occurred
Mar 31, 2025
Spread increased
Blue Owl Credit Income Corp.: spread increased in Physician Partners, LLC (5.50% to 6.00%)
BDC schedule of investmentsobserved 1.4 years ago
0.06 usd
Occurred
Mar 31, 2025
Spread increased
Goldman Sachs Private Credit Corp.: spread increased in Physician Partners, LLC (4.00% to 6.00%)
BDC schedule of investmentsobserved 1.4 years ago
0.06 usd
Occurred
Mar 31, 2025
PIK interest added
Goldman Sachs Private Credit Corp.: pik added in Physician Partners, LLC (0.00% to 4.00%)
BDC schedule of investmentsobserved 1.4 years ago
0.04 usd
Occurred
Mar 31, 2025
Spread increased
Blue Owl Capital Corp: spread increased in Physician Partners, LLC (4.00% to 6.00%)
BDC schedule of investmentsobserved 1.4 years ago
0.06 usd
Occurred
Dec 31, 2024
Coupon changed
Physician Partners, LLC term loan: spread moved from 5.50% to 4.00%
BDC schedule of investments
$328M
Occurred
Dec 31, 2024
BDC joined a facility
Kennedy Lewis Capital Co joins Physician Partners, LLC term loan (first lien) held by 4 other BDCs
BDC schedule of investments
$982,323
Occurred
Dec 31, 2024
Marked down by a BDC
Blue Owl Credit Income Corp.: fair value markdown in Physician Partners, LLC (78 to 72 cents on cost)
BDC schedule of investmentsobserved 6 months ago
0.722950604399782 usd
Occurred
Dec 31, 2024
Marked down by a BDC
First Eagle Private Credit Fund: fair value markdown in Physician Partners, LLC (85 to 55 cents on cost)
BDC schedule of investmentsobserved 1.3 years ago
0.549941520467836 usd
Occurred
Dec 31, 2024
Marked down by a BDC
Goldman Sachs Private Credit Corp.: fair value markdown in Physician Partners, LLC (67 to 42 cents on cost)
BDC schedule of investmentsobserved 6 months ago
0.421733505821475 usd

Show 8 bookkeeping events

Occurred
Mar 31, 2026
Physician Partners, LLC term loan: marked from 88 to 99 cents on cost
Occurred
Dec 31, 2025
Goldman Sachs Private Credit Corp.: position exited in Physician Partners, LLC ($.8M principal)
Occurred
Mar 31, 2025
Blue Owl Capital Corp: principal decreased in Physician Partners, LLC ($17.9M principal)
Occurred
Mar 31, 2025
First Eagle Private Credit Fund: position exited in Physician Partners, LLC ($5.0M principal)
Occurred
Mar 31, 2025
Kennedy Lewis Capital Co: position exited in Physician Partners, LLC ($1.0M principal)
Occurred
Mar 31, 2025
Blue Owl Credit Income Corp.: principal decreased in Physician Partners, LLC ($276.8M principal)
Occurred
Dec 31, 2024
Blue Owl Credit Income Corp.: principal increased in Physician Partners, LLC ($301.6M principal)
Occurred
Dec 31, 2024
Blue Owl Capital Corp: new position in Physician Partners, LLC ($19.5M principal)

Provenance

Graph: Private Credit
Canonical id: dfx:pc:0775adb5-6944-5c11-cc89-3b7760e371dc
First observed: Sep 30, 2022
Last observed: Jun 30, 2026 2 months ago
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

Physician Partners, LLC

Private Credit

Search this name across graphsid dfx:pc:0775adb5-6944-5c11-cc89-3b7760e371dc

Kind

Lien

Size, lower bound

Fair value

Maturity

Maturity basis

Spread

PIK

Lenders

BDCs

Status

Last seen

Term loan

First lien

$296M

$287M

Dec 1, 2029

Html schedule

Unknown

Jun 30, 2026

BDC

Pieces

Principal

Fair value

Unfunded

Nearest maturity

As of

Blue Owl Credit Income Corp.

$278M

$270M

Dec 1, 2029

Jun 30, 2026

Blue Owl Capital Corp

$17.9M

$17.2M

Dec 1, 2029

Jun 30, 2026

New Mountain Finance Corp

$11.1M

$10.6M

Dec 1, 2029

Jun 30, 2026

SARATOGA INVESTMENT CORP.

Dec 31, 2029

May 31, 2026