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BP Purchaser, LLC

Private Credit

Search this name across graphsid dfx:pc:4ad41dae-6be1-c946-dbfc-f77ff41bd4c7

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 20, 2026, 12:38 AM UTC and rebuilt at most every 15 minutes.

Relationships: 0
Dated events: 40
On other graphs: 0
Observed: Dec 31, 2021 to Jun 30, 2026
14 observations

Right now

2 signals name this record (all private credit signals)

#1IntensifiedSignalPrivate creditCredit deterioration (intensified)

BP Purchaser, LLC: lender marks fell to 80 cents across 7 BDC lenders, second consecutive quarter

State INTENSIFIED at the 2025-12-31 quarter end, readable when the filing landed on 2026-08-13.

Exposure: $122M 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

North Haven Private Income Fund A LLC · lender HPS Corporate Lending Fund · lender T Series BDC LLC · lender Blackstone Private Credit Fund · lender

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

#2NewSignalPrivate creditCredit deterioration

BP Purchaser, LLC: lender marks fell to 86 cents across 7 BDC lenders

State NEW at the 2025-09-30 quarter end, readable when the filing landed on 2025-11-12.

Exposure: $78.4M 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

North Haven Private Income Fund A LLC · lender HPS Corporate Lending Fund · lender T Series BDC LLC · lender Blackstone Private Credit Fund · lender

Credit Attention / portfolio monitorSep 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: 8
BDCs: 7
Facilities: 3
Principal, latest: $178Mpieces as filed; a lower bound
Fair value, latest: $135M
Mark ratio: 77%fair value over cost, latest
Next maturity: Dec 11, 2028
First on a schedule: Dec 31, 2021
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
other	unknown	$95.8M	$74.8M	Dec 11, 2028	Html schedule	0	0	3	8	Unknown	Jun 30, 2026
Term loan	First lien	$81.8M	$60.7M	Dec 11, 2028	Xbrl fact	0	0	4	4	Unknown	Jun 30, 2026
Common equity	equity	n/a	$0	n/a	n/a	n/a	n/a	3	4	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; 17 rows folded into 8

BDC	Pieces	Principal	Fair value	Unfunded	Nearest maturity	As of
Blackstone Private Credit Fund	2	$60.0M	$47.4M	$0	Dec 11, 2028	Jun 30, 2026
North Haven Private Income Fund LLC	3	$34.0M	$25.3M	$0	Dec 11, 2028	Jun 30, 2026
HPS Corporate Lending Fund	1	$28.4M	$21.5M	$0	Dec 11, 2028	Jun 30, 2026
T Series BDC LLC	3	$28.1M	$20.9M	$0	Dec 11, 2028	Jun 30, 2026
SL Investment Corp.	3	$23.2M	$23.3M	$0	Nov 12, 2028	Mar 31, 2024
Morgan Stanley Direct Lending Fund	3	$17.7M	$13.1M	$0	Dec 11, 2028	Jun 30, 2026
Blackstone Secured Lending Fund	1	$7.5M	$5.9M	$0	Dec 11, 2028	Jun 30, 2026
North Haven Private Income Fund A LLC	1	$1.9M	$1.4M	$0	Dec 11, 2028	Jun 30, 2026

Relationships

No published relationship touches this entity yet.

Dated events

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

Occurred
Mar 31, 2026
PIK interest added
BP Purchaser, LLC term loan: PIK interest of 1.00% appears (was cash pay)
BDC schedule of investments
$81.8M
Occurred
Mar 31, 2026
Coupon changed
BP Purchaser, LLC term loan: spread moved from 5.50% to 7.50%
BDC schedule of investments
$81.8M
Occurred
Mar 31, 2026
PIK interest added
Blackstone Secured Lending Fund: pik added in BP Purchaser, LLC (0.00% to 1.00%)
BDC schedule of investmentsobserved 4 months ago
0.01 usd
Occurred
Mar 31, 2026
Spread increased
North Haven Private Income Fund LLC: spread increased in BP Purchaser, LLC (5.50% to 7.50%)
BDC schedule of investmentsobserved 4 months ago
0.075 usd
Occurred
Mar 31, 2026
PIK interest added
Blackstone Private Credit Fund: pik added in BP Purchaser, LLC (0.00% to 1.00%)
BDC schedule of investmentsobserved 4 months ago
0.01 usd
Occurred
Mar 31, 2026
PIK interest added
T Series BDC LLC: pik added in BP Purchaser, LLC (0.00% to 1.00%)
BDC schedule of investmentsobserved 4 months ago
0.01 usd
Occurred
Mar 31, 2026
Spread increased
T Series BDC LLC: spread increased in BP Purchaser, LLC (5.50% to 7.50%)
BDC schedule of investmentsobserved 4 months ago
0.075 usd
Occurred
Mar 31, 2026
PIK interest added
Morgan Stanley Direct Lending Fund: pik added in BP Purchaser, LLC (0.00% to 1.00%)
BDC schedule of investmentsobserved 4 months ago
0.01 usd
Occurred
Mar 31, 2026
PIK interest added
North Haven Private Income Fund LLC: pik added in BP Purchaser, LLC (0.00% to 1.00%)
BDC schedule of investmentsobserved 4 months ago
0.01 usd
Occurred
Mar 31, 2026
PIK interest added
North Haven Private Income Fund A LLC: pik added in BP Purchaser, LLC (0.00% to 1.00%)
BDC schedule of investmentsobserved 4 months ago
0.01 usd
Occurred
Mar 31, 2026
Spread increased
Blackstone Secured Lending Fund: spread increased in BP Purchaser, LLC (5.50% to 7.50%)
BDC schedule of investmentsobserved 4 months ago
0.075 usd
Occurred
Mar 31, 2026
Spread increased
Morgan Stanley Direct Lending Fund: spread increased in BP Purchaser, LLC (5.50% to 7.50%)
BDC schedule of investmentsobserved 4 months ago
0.075 usd
Occurred
Mar 31, 2026
Spread increased
Blackstone Private Credit Fund: spread increased in BP Purchaser, LLC (5.50% to 7.50%)
BDC schedule of investmentsobserved 4 months ago
0.075 usd
Occurred
Mar 31, 2026
Spread increased
North Haven Private Income Fund A LLC: spread increased in BP Purchaser, LLC (5.50% to 7.50%)
BDC schedule of investmentsobserved 4 months ago
0.075 usd
Occurred
Dec 31, 2025
Marked down across lenders
BP Purchaser, LLC term loan: marked from 86 to 80 cents on cost across 4 lender(s)
BDC schedule of investments
$81.8M
Occurred
Dec 31, 2025
Marked down by a BDC
Morgan Stanley Direct Lending Fund: fair value markdown in BP Purchaser, LLC (86 to 79 cents on cost)
BDC schedule of investmentsobserved 1 months ago
0.789251723941415 usd
Occurred
Dec 31, 2025
Marked down by a BDC
North Haven Private Income Fund A LLC: fair value markdown in BP Purchaser, LLC (85 to 79 cents on cost)
BDC schedule of investmentsobserved 1 months ago
0.78852119958635 usd
Occurred
Dec 31, 2025
Marked down by a BDC
Blackstone Secured Lending Fund: fair value markdown in BP Purchaser, LLC (84 to 77 cents on cost)
BDC schedule of investmentsobserved 1 months ago
0.773711825642405 usd
Occurred
Dec 31, 2025
Marked down by a BDC
T Series BDC LLC: fair value markdown in BP Purchaser, LLC (86 to 79 cents on cost)
BDC schedule of investmentsobserved 1 months ago
0.789237507179782 usd
Occurred
Dec 31, 2025
Marked down by a BDC
Blackstone Private Credit Fund: fair value markdown in BP Purchaser, LLC (84 to 77 cents on cost)
BDC schedule of investmentsobserved 1 months ago
0.774558600975282 usd
Occurred
Dec 31, 2025
Marked down by a BDC
North Haven Private Income Fund LLC: fair value markdown in BP Purchaser, LLC (88 to 81 cents on cost)
BDC schedule of investmentsobserved 1 months ago
0.808416894560924 usd
Occurred
Jun 30, 2025
BDC left a facility
North Haven Private Income Fund LLC no longer holds BP Purchaser, LLC other after 2025-06-30; 4 BDC(s) still hold it
BDC schedule of investments
$34.2M
Occurred
Jun 30, 2025
BDC left a facility
T Series BDC LLC no longer holds BP Purchaser, LLC other after 2025-06-30; 4 BDC(s) still hold it
BDC schedule of investments
$28.3M
Occurred
Mar 31, 2025
Marked down across lenders
BP Purchaser, LLC term loan: marked from 95 to 89 cents on cost across 1 lender(s)
BDC schedule of investments
$17.8M
Occurred
Mar 31, 2025
PIK interest added
BP Purchaser, LLC term loan: PIK interest of 5.50% appears (was cash pay)
BDC schedule of investments
$82.4M
Occurred
Mar 31, 2025
Marked down by a BDC
HPS Corporate Lending Fund: fair value markdown in BP Purchaser, LLC (94 to 88 cents on cost)
BDC schedule of investmentsobserved 1.4 years ago
0.880690848726733 usd
Occurred
Mar 31, 2025
Marked down by a BDC
North Haven Private Income Fund LLC: fair value markdown in BP Purchaser, LLC (97 to 92 cents on cost)
BDC schedule of investmentsobserved 1.4 years ago
0.917213513185077 usd
Occurred
Mar 31, 2025
PIK interest added
T Series BDC LLC: pik added in BP Purchaser, LLC (0.00% to 5.50%)
BDC schedule of investmentsobserved 1.4 years ago
0.055 usd
Occurred
Mar 31, 2025
PIK interest added
North Haven Private Income Fund LLC: pik added in BP Purchaser, LLC (0.00% to 5.50%)
BDC schedule of investmentsobserved 1.4 years ago
0.055 usd
Occurred
Mar 31, 2025
PIK interest added
North Haven Private Income Fund A LLC: pik added in BP Purchaser, LLC (0.00% to 5.50%)
BDC schedule of investmentsobserved 1.4 years ago
0.055 usd

Show 10 bookkeeping events

Occurred
Sep 30, 2025
T Series BDC LLC: position exited in BP Purchaser, LLC ($28.3M principal)
Occurred
Sep 30, 2025
North Haven Private Income Fund LLC: new position in BP Purchaser, LLC
Occurred
Sep 30, 2025
T Series BDC LLC: new position in BP Purchaser, LLC
Occurred
Sep 30, 2025
North Haven Private Income Fund LLC: position exited in BP Purchaser, LLC ($34.2M principal)
Occurred
Mar 31, 2025
T Series BDC LLC: position exited in BP Purchaser, LLC
Occurred
Mar 31, 2025
North Haven Private Income Fund LLC: position exited in BP Purchaser, LLC
Occurred
Mar 31, 2025
Morgan Stanley Direct Lending Fund: principal decreased in BP Purchaser, LLC ($17.8M principal)
Occurred
Mar 31, 2025
Blackstone Secured Lending Fund: principal decreased in BP Purchaser, LLC ($7.6M principal)
Occurred
Mar 31, 2025
Blackstone Private Credit Fund: principal decreased in BP Purchaser, LLC ($60.4M principal)
Occurred
Mar 31, 2025
HPS Corporate Lending Fund: principal decreased in BP Purchaser, LLC ($28.6M principal)

Provenance

Graph: Private Credit
Canonical id: dfx:pc:4ad41dae-6be1-c946-dbfc-f77ff41bd4c7
First observed: Dec 31, 2021
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.

BP Purchaser, LLC

Private Credit

Search this name across graphsid dfx:pc:4ad41dae-6be1-c946-dbfc-f77ff41bd4c7

Kind

Lien

Size, lower bound

Fair value

Maturity

Maturity basis

Spread

PIK

Lenders

BDCs

Status

Last seen

other

unknown

$95.8M

$74.8M

Dec 11, 2028

Html schedule

Unknown

Jun 30, 2026

Term loan

First lien

$81.8M

$60.7M

Dec 11, 2028

Xbrl fact

Unknown

Jun 30, 2026

Common equity

equity

n/a

Unknown

Jun 30, 2026

BDC

Pieces

Principal

Fair value

Unfunded

Nearest maturity

As of

Blackstone Private Credit Fund

$60.0M

$47.4M

Dec 11, 2028

Jun 30, 2026

North Haven Private Income Fund LLC

$34.0M

$25.3M

Dec 11, 2028

Jun 30, 2026

HPS Corporate Lending Fund

$28.4M

$21.5M

Dec 11, 2028

Jun 30, 2026

T Series BDC LLC

$28.1M

$20.9M

Dec 11, 2028

Jun 30, 2026

SL Investment Corp.

$23.2M

$23.3M

Nov 12, 2028

Mar 31, 2024

Morgan Stanley Direct Lending Fund

$17.7M

$13.1M

Dec 11, 2028

Jun 30, 2026

Blackstone Secured Lending Fund

$7.5M

$5.9M

Dec 11, 2028

Jun 30, 2026

North Haven Private Income Fund A LLC

$1.9M

$1.4M

Dec 11, 2028

Jun 30, 2026