DFX Intelligence

Data Factory

Pavement Partners Interco, LLC

sponsor (inference, pe portfolio stem): AEA Qp Advisers LLC

Search this name across graphsid dfx:pc:08c0a677-50f8-85de-102a-f964045cc3f9

Data as of Jun 30, 2025 (this record's last observation) from The BDC tape; Adviser-reported credit funds; Deal parties; Pending. Page built Sep 20, 2026, 4:16 PM UTC and rebuilt at most every 15 minutes.

Relationships: 3
Dated events: 40
On other graphs: 1
Observed: Mar 31, 2023 to Jun 30, 2025
6 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Private Equityidentity

Pave America

pe portfolio stem · confidence 50% · family precision 85%

Facts

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

Lenders: 5
BDCs: 1
Facilities: 4
Principal, latest: $6.2Mpieces as filed; a lower bound
Fair value, latest: $6.2M
Mark ratio: 102%fair value over cost, latest
Next maturity: Feb 7, 2029
First on a schedule: Mar 31, 2023
Last on a schedule: Jun 30, 2025
Sponsor basis: pe_portfolio_steminferencedeal party is a fact; a portfolio stem or a Form D signer is an inference

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	$5.3M	$5.3M	Feb 8, 2029	Xbrl fact	0	n/a	1	3	Unknown	Jun 30, 2025
Delayed draw	First lien	$588,000	$590,000	Feb 7, 2029	Xbrl fact	0	n/a	1	3	Unknown	Jun 30, 2025
revolver	First lien	$380,000	$382,000	Feb 7, 2029	Xbrl fact	0	n/a	1	3	Unknown	Jun 30, 2025
other	unknown	n/a	n/a	n/a	n/a	n/a	n/a	2	2	Unknown	Jun 30, 2023

Relationships

Sponsors (3)

← AEA Qp Advisers LLCSponsor of borrowersPE portfolio stem
Sep 13, 2026 to presentinferenceDFX's own graph
← AEA Investors Sbf LPSponsor of borrowersPE portfolio stem
Sep 15, 2026 to presentinferenceDFX's own graph
← Trivest Investment Advisors, LLCSponsor of borrowersPE portfolio stem
inferenceDFX's own graph

Dated events

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

Occurred
Jun 30, 2025
Borrower left every BDC schedule
Pavement Partners Interco, LLC term loan (first lien) left every BDC schedule after 2025-06-30 (1 lender, $5.3M last held)
BDC schedule of investments
$5.3M
Occurred
Jun 30, 2025
Borrower left every BDC schedule
Pavement Partners Interco, LLC revolver (first lien) left every BDC schedule after 2025-06-30 (1 lender, $.4M last held)
BDC schedule of investments
$380,000
Occurred
Jun 30, 2025
Borrower left every BDC schedule
Pavement Partners Interco, LLC delayed draw (first lien) left every BDC schedule after 2025-06-30 (1 lender, $.6M last held)
BDC schedule of investments
$588,000
Occurred
Mar 31, 2025
Coupon changed
Pavement Partners Interco, LLC revolver: spread moved from 6.75% to 5.50%
BDC schedule of investments
$253,000
Occurred
Mar 31, 2025
Coupon changed
Pavement Partners Interco, LLC term loan: spread moved from 6.75% to 5.50%
BDC schedule of investments
$5.3M
Occurred
Mar 31, 2025
Coupon changed
Pavement Partners Interco, LLC delayed draw: spread moved from 6.75% to 5.50%
BDC schedule of investments
$590,000
Occurred
Mar 31, 2025
Spread decreased
WhiteHorse Finance, Inc.: spread decreased in Pavement Partners Interco, LLC (6.75% to 5.50%)
BDC schedule of investmentsobserved 1.4 years ago
0.055 usd
Occurred
Mar 31, 2025
Spread decreased
WhiteHorse Finance, Inc.: spread decreased in Pavement Partners Interco, LLC (6.75% to 5.50%)
BDC schedule of investmentsobserved 1.4 years ago
0.055 usd
Occurred
Mar 31, 2025
Spread decreased
WhiteHorse Finance, Inc.: spread decreased in Pavement Partners Interco, LLC (6.75% to 5.50%)
BDC schedule of investmentsobserved 1.4 years ago
0.055 usd
Occurred
Sep 30, 2023
Maturity extended
Pavement Partners Interco, LLC revolver: maturity moved from 2028-02-07 to 2029-02-07
BDC schedule of investments
$564,884
Occurred
Sep 30, 2023
Maturity extended
Pavement Partners Interco, LLC term loan: maturity moved from 2028-02-07 to 2029-02-08
BDC schedule of investments
$23.0M
Occurred
Sep 30, 2023
Maturity extended
Pavement Partners Interco, LLC delayed draw: maturity moved from 2028-02-07 to 2029-02-07
BDC schedule of investments
$1.7M

Show 28 bookkeeping events

Occurred
Sep 30, 2025
WhiteHorse Finance, Inc.: position exited in Pavement Partners Interco, LLC ($.4M principal)
Occurred
Sep 30, 2025
WhiteHorse Finance, Inc.: position exited in Pavement Partners Interco, LLC ($.6M principal)
Occurred
Sep 30, 2025
WhiteHorse Finance, Inc.: position exited in Pavement Partners Interco, LLC ($5.3M principal)
Occurred
Mar 31, 2025
WhiteHorse Finance, Inc.: principal decreased in Pavement Partners Interco, LLC ($5.3M principal)
Occurred
Mar 31, 2025
WhiteHorse Finance, Inc.: principal decreased in Pavement Partners Interco, LLC ($.3M principal)
Occurred
Mar 31, 2025
WhiteHorse Finance, Inc.: principal decreased in Pavement Partners Interco, LLC ($.6M principal)
Occurred
Dec 31, 2024
WhiteHorse Finance, Inc.: principal increased in Pavement Partners Interco, LLC ($10.2M principal)
Occurred
Dec 31, 2024
WhiteHorse Finance, Inc.: principal increased in Pavement Partners Interco, LLC ($.7M principal)
Occurred
Dec 31, 2024
WhiteHorse Finance, Inc.: principal increased in Pavement Partners Interco, LLC ($1.1M principal)
Occurred
Sep 30, 2024
Fidelity Private Credit Fund: position exited in Pavement Partners Interco, LLC ($.9M principal)
Occurred
Sep 30, 2024
Fidelity Private Credit Co LLC: position exited in Pavement Partners Interco, LLC ($5.7M principal)
Occurred
Sep 30, 2024
Fidelity Private Credit Co LLC: position exited in Pavement Partners Interco, LLC ($40.9M principal)
Occurred
Sep 30, 2024
Fidelity Private Credit Fund: position exited in Pavement Partners Interco, LLC ($12.0M principal)
Occurred
Sep 30, 2024
Fidelity Private Credit Fund: position exited in Pavement Partners Interco, LLC ($1.1M principal)
Occurred
Sep 30, 2024
Fidelity Private Credit Co LLC: position exited in Pavement Partners Interco, LLC ($2.4M principal)
Occurred
Jun 30, 2024
Fidelity Private Credit Fund: principal decreased in Pavement Partners Interco, LLC ($12.0M principal)
Occurred
Jun 30, 2024
WhiteHorse Finance, Inc.: principal increased in Pavement Partners Interco, LLC ($5.1M principal)
Occurred
Dec 31, 2023
Fidelity Private Credit Co LLC: new position in Pavement Partners Interco, LLC
Occurred
Dec 31, 2023
Fidelity Private Credit Co LLC: new position in Pavement Partners Interco, LLC ($40.1M principal)
Occurred
Dec 31, 2023
Fidelity Private Credit Co LLC: new position in Pavement Partners Interco, LLC ($5.8M principal)
Occurred
Sep 30, 2023
WhiteHorse Finance, Inc.: new position in Pavement Partners Interco, LLC ($.6M principal)
Occurred
Sep 30, 2023
WhiteHorse Finance, Inc.: new position in Pavement Partners Interco, LLC ($4.5M principal)
Occurred
Sep 30, 2023
MidCap Financial Investment Corp: position exited in Pavement Partners Interco, LLC
Occurred
Sep 30, 2023
Apollo Debt Solutions BDC: position exited in Pavement Partners Interco, LLC
Occurred
Sep 30, 2023
WhiteHorse Finance, Inc.: new position in Pavement Partners Interco, LLC ($.2M principal)
Occurred
Sep 30, 2023
Fidelity Private Credit Fund: principal increased in Pavement Partners Interco, LLC ($18.5M principal)
Occurred
Sep 30, 2023
Fidelity Private Credit Fund: principal increased in Pavement Partners Interco, LLC ($1.2M principal)
Occurred
Sep 30, 2023
Fidelity Private Credit Co LLC: position exited in Pavement Partners Interco, LLC ($40.4M principal)

Provenance

Graph: Private Credit
Canonical id: dfx:pc:08c0a677-50f8-85de-102a-f964045cc3f9
First observed: Mar 31, 2023
Last observed: Jun 30, 2025 14 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.

Pavement Partners Interco, LLC

sponsor (inference, pe portfolio stem): AEA Qp Advisers LLC

Search this name across graphsid dfx:pc:08c0a677-50f8-85de-102a-f964045cc3f9

Kind

Lien

Size, lower bound

Fair value

Maturity

Maturity basis

Spread

PIK

Lenders

BDCs

Status

Last seen

Term loan

First lien

$5.3M

Feb 8, 2029

Xbrl fact

n/a

Unknown

Jun 30, 2025

Delayed draw

First lien

$588,000

$590,000

Feb 7, 2029

Xbrl fact

n/a

Unknown

Jun 30, 2025

revolver

First lien

$380,000

$382,000

Feb 7, 2029

Xbrl fact

n/a

Unknown

Jun 30, 2025

other

unknown

n/a

Unknown

Jun 30, 2023