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Private creditBorrowersoftwareaunknown

Applied Systems, Inc

sponsor (inference, pe portfolio stem): Hellman & Friedman LLC

Search this name across graphsid dfx:pc:420c8119-6550-3a3e-5e66-906dfb91187d

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, 5:06 AM UTC and rebuilt at most every 15 minutes.

Relationships: 2
Dated events: 40
On other graphs: 1
Observed: Dec 31, 2022 to Jun 30, 2026
3 observations

Across DFX

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

Private Equityidentity

Applied Systems

name equal in sponsor portfolio · confidence 95% · family precision 100%

Facts

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

Lenders: 9
BDCs: 3
Facilities: 2
Principal, latest: $27.6Mpieces as filed; a lower bound
Fair value, latest: $27.1M
Mark ratio: 98%fair value over cost, latest
Next maturity: Feb 1, 2031
First on a schedule: Dec 31, 2022
Last on a schedule: Jun 30, 2026
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	$27.6M	$27.1M	Feb 24, 2031	Html schedule	0	n/a	3	6	Unknown	Jun 30, 2026
other	unknown	$21.0M	$21.1M	Feb 24, 2031	Html schedule	0	n/a	2	4	Unknown	Jun 30, 2025

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

BDC	Pieces	Principal	Fair value	Unfunded	Nearest maturity	As of
ARES STRATEGIC INCOME FUND	1	$26.1M	$25.6M	$0	Feb 1, 2031	Jun 30, 2026
Barings Private Credit Corp	1	$995,000	$976,000	$0	n/a	Jun 30, 2026
BlackRock Private Credit Fund	1	$486,975	$479,366	$0	Feb 24, 2031	Jun 30, 2026

Relationships

Sponsors (2)

← Hellman & Friedman LLCSponsor of borrowersPE portfolio stem
Sep 13, 2026 to presentinferenceDFX's own graph
← JMI Management, L.P.Sponsor of borrowersPE portfolio stem
Sep 13, 2026 to presentinferenceDFX's own graph

Dated events

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

Occurred
Jun 30, 2026
Maturity extended
BlackRock Private Credit Fund: maturity extended in Applied Systems, Inc (2026-09-19 to 2031-02-24)
BDC schedule of investmentsobserved 1 months ago
Occurred
Mar 31, 2026
BDC left a facility
North Haven Private Income Fund LLC no longer holds Applied Systems, Inc term loan after 2026-03-31; 3 BDC(s) still hold it
BDC schedule of investments
$3.9M
Occurred
Mar 31, 2026
BDC joined a facility
North Haven Private Income Fund LLC joins Applied Systems, Inc term loan (first lien) held by 5 other BDCs
BDC schedule of investments
$3.9M
Occurred
Mar 31, 2026
Maturity shortened
BlackRock Private Credit Fund: maturity shortened in Applied Systems, Inc (2031-02-24 to 2026-09-19)
BDC schedule of investmentsobserved 4 months ago
Occurred
Dec 31, 2025
BDC left a facility
Ares Core Infrastructure Fund no longer holds Applied Systems, Inc term loan after 2025-12-31; 3 BDC(s) still hold it
BDC schedule of investments
$2.5M
Occurred
Dec 31, 2025
Maturity extended
BlackRock Private Credit Fund: maturity extended in Applied Systems, Inc (2026-09-19 to 2031-02-24)
BDC schedule of investmentsobserved 1 months ago
Occurred
Dec 31, 2025
BDC joined a facility
Barings Private Credit Corp joins Applied Systems, Inc term loan (first lien) held by 5 other BDCs
BDC schedule of investments
$995,000
Occurred
Jun 30, 2025
Borrower left every BDC schedule
Applied Systems, Inc other (unknown) left every BDC schedule after 2025-06-30 (4 lenders, $21.0M last held)
BDC schedule of investments
$21.0M
Occurred
Jun 30, 2025
BDC joined a facility
Ares Core Infrastructure Fund joins Applied Systems, Inc term loan (first lien) held by 5 other BDCs
BDC schedule of investments
$2.5M
Occurred
Dec 31, 2024
Spread decreased
North Haven Private Income Fund LLC: spread decreased in Applied Systems, Inc (3.50% to 3.00%)
BDC schedule of investmentsobserved 1.1 years ago
0.03 usd
Occurred
Dec 31, 2024
BDC left a facility
Blue Owl Technology Income Corp. no longer holds Applied Systems, Inc term loan after 2024-12-31; 3 BDC(s) still hold it
BDC schedule of investments
$13.9M
Occurred
Sep 30, 2024
Coupon changed
Applied Systems, Inc term loan: spread moved from 3.50% to 3.00%
BDC schedule of investments
$21.2M
Occurred
Sep 30, 2024
Spread decreased
ARES STRATEGIC INCOME FUND: spread decreased in Applied Systems, Inc (3.50% to 3.00%)
BDC schedule of investmentsobserved 1.9 years ago
0.03 usd
Occurred
Sep 30, 2024
Spread decreased
Blue Owl Technology Income Corp.: spread decreased in Applied Systems, Inc (3.50% to 3.00%)
BDC schedule of investmentsobserved 1.9 years ago
0.03 usd
Occurred
Sep 30, 2024
Spread decreased
BlackRock Private Credit Fund: spread decreased in Applied Systems, Inc (3.50% to 3.00%)
BDC schedule of investmentsobserved 1.9 years ago
0.03 usd
Occurred
Sep 30, 2024
Spread decreased
Blackstone Private Credit Fund: spread decreased in Applied Systems, Inc (3.50% to 3.00%)
BDC schedule of investmentsobserved 1.8 years ago
0.03 usd
Occurred
Jun 30, 2024
Coupon changed
Applied Systems, Inc term loan: spread moved from 4.50% to 3.50%
BDC schedule of investments
$20.5M
Occurred
Jun 30, 2024
Spread decreased
BlackRock Private Credit Fund: spread decreased in Applied Systems, Inc (4.50% to 3.50%)
BDC schedule of investmentsobserved 2.1 years ago
0.035 usd

Show 22 bookkeeping events

Occurred
Jun 30, 2026
North Haven Private Income Fund LLC: position exited in Applied Systems, Inc ($3.9M principal)
Occurred
Mar 31, 2026
North Haven Private Income Fund LLC: new position in Applied Systems, Inc ($3.9M principal)
Occurred
Mar 31, 2026
Ares Core Infrastructure Fund: position exited in Applied Systems, Inc ($2.5M principal)
Occurred
Mar 31, 2026
ARES STRATEGIC INCOME FUND: principal decreased in Applied Systems, Inc ($26.2M principal)
Occurred
Mar 31, 2026
Barings Private Credit Corp: principal decreased in Applied Systems, Inc ($1.0M principal)
Occurred
Dec 31, 2025
ARES STRATEGIC INCOME FUND: principal increased in Applied Systems, Inc ($50.0M principal)
Occurred
Dec 31, 2025
Ares Core Infrastructure Fund: principal increased in Applied Systems, Inc ($2.5M principal)
Occurred
Dec 31, 2025
Barings Private Credit Corp: new position in Applied Systems, Inc ($1.7M principal)
Occurred
Sep 30, 2025
North Haven Private Income Fund LLC: position exited in Applied Systems, Inc ($4.0M principal)
Occurred
Sep 30, 2025
BlackRock Private Credit Fund: principal decreased in Applied Systems, Inc ($.5M principal)
Occurred
Sep 30, 2025
Blackstone Private Credit Fund: position exited in Applied Systems, Inc ($17.1M principal)
Occurred
Jun 30, 2025
BlackRock Private Credit Fund: principal decreased in Applied Systems, Inc ($.9M principal)
Occurred
Jun 30, 2025
Ares Core Infrastructure Fund: new position in Applied Systems, Inc ($1.0M principal)
Occurred
Jun 30, 2025
Blackstone Private Credit Fund: principal increased in Applied Systems, Inc ($17.1M principal)
Occurred
Jun 30, 2025
ARES STRATEGIC INCOME FUND: principal increased in Applied Systems, Inc ($45.9M principal)
Occurred
Mar 31, 2025
Blackstone Private Credit Fund: principal decreased in Applied Systems, Inc ($15.1M principal)
Occurred
Mar 31, 2025
Blue Owl Technology Income Corp.: position exited in Applied Systems, Inc ($13.9M principal)
Occurred
Mar 31, 2025
ARES STRATEGIC INCOME FUND: principal increased in Applied Systems, Inc ($25.9M principal)
Occurred
Dec 31, 2024
Blue Owl Technology Income Corp.: principal increased in Applied Systems, Inc ($13.9M principal)
Occurred
Dec 31, 2024
Blackstone Private Credit Fund: principal increased in Applied Systems, Inc ($30.3M principal)
Occurred
Dec 31, 2024
ARES STRATEGIC INCOME FUND: principal increased in Applied Systems, Inc ($22.9M principal)
Occurred
Sep 30, 2024
BlackRock Private Credit Fund: principal increased in Applied Systems, Inc ($1.2M principal)

Provenance

Graph: Private Credit
Canonical id: dfx:pc:420c8119-6550-3a3e-5e66-906dfb91187d
First observed: Dec 31, 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.

Applied Systems, Inc

sponsor (inference, pe portfolio stem): Hellman & Friedman LLC

Search this name across graphsid dfx:pc:420c8119-6550-3a3e-5e66-906dfb91187d

Kind

Lien

Size, lower bound

Fair value

Maturity

Maturity basis

Spread

PIK

Lenders

BDCs

Status

Last seen

Term loan

First lien

$27.6M

$27.1M

Feb 24, 2031

Html schedule

n/a

Unknown

Jun 30, 2026

other

unknown

$21.0M

$21.1M

Feb 24, 2031

Html schedule

n/a

Unknown

Jun 30, 2025

BDC

Pieces

Principal

Fair value

Unfunded

Nearest maturity

As of

ARES STRATEGIC INCOME FUND

$26.1M

$25.6M

Feb 1, 2031

Jun 30, 2026

Barings Private Credit Corp

$995,000

$976,000

n/a

Jun 30, 2026

BlackRock Private Credit Fund

$486,975

$479,366

Feb 24, 2031

Jun 30, 2026