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ConnectWise, LLC

Private Credit

Search this name across graphsid dfx:pc:62772907-0064-0ab3-0954-859f58a737c2

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 21, 2026, 7:16 PM 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
12 observations

Right now

one signal names this record (all private credit signals)

#1NewSignalPrivate creditCredit deterioration

ConnectWise, LLC: lender marks fell to 92 cents across 14 BDC lenders

State NEW at the 2026-03-31 quarter end, readable when the filing landed on 2026-05-14.

Exposure: $206M 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 Technology Finance Corp. · lender Franklin BSP Capital Corp · lender Goldman Sachs Private Credit Corp. · lender

Credit Attention / portfolio monitorMar 31, 2026 · seen 4 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: 19
BDCs: 12
Facilities: 2
Principal, latest: $203Mpieces as filed; a lower bound
Fair value, latest: $186M
Mark ratio: 92%fair value over cost, latest
Next maturity: Sep 1, 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
Term loan	First lien	$197M	$181M	Oct 1, 2028	Xbrl fact	0	n/a	11	13	Unknown	Jun 30, 2026
other	unknown	$5.6M	$5.1M	Sep 29, 2028	Html schedule	0	n/a	1	3	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 16

BDC	Pieces	Principal	Fair value	Unfunded	Nearest maturity	As of
ARES STRATEGIC INCOME FUND	1	$70.1M	$64.2M	$0	Sep 1, 2028	Jun 30, 2026
Blue Owl Credit Income Corp.	1	$56.3M	$51.6M	$0	Sep 1, 2028	Jun 30, 2026
Golub Capital Private Credit Fund	1	$28.3M	$26.2M	$0	Oct 1, 2028	Jun 30, 2026
New Mountain Finance Corp	2	$18.0M	$16.6M	$0	Sep 1, 2028	Jun 30, 2026
Blue Owl Technology Finance Corp.	1	$9.0M	$8.3M	$0	Sep 1, 2028	Jun 30, 2026
Goldman Sachs Private Credit Corp.	1	$8.3M	$7.6M	$0	Sep 29, 2028	Jun 30, 2026
Franklin BSP Lending Corp	1	$6.9M	$6.8M	$0	Sep 29, 2028	Sep 30, 2023
Antares Strategic Credit Fund	1	$6.6M	$6.1M	$0	Sep 29, 2028	Jun 30, 2026
Blue Owl Technology Income Corp.	1	$5.7M	$5.2M	$0	Sep 1, 2028	Jun 30, 2026
Palmer Square Capital BDC Inc.	1	$5.7M	$5.2M	$0	Sep 29, 2028	Jun 30, 2026
Franklin BSP Capital Corp	1	$5.6M	$5.1M	$0	Sep 29, 2028	Jun 30, 2026
Ares Core Infrastructure Fund	1	$4.9M	$4.5M	$0	Sep 1, 2028	Jun 30, 2026
New Mountain Private Credit Fund	1	$3.7M	$3.4M	$0	Sep 1, 2028	Jun 30, 2026
Blue Owl Technology Finance Corp. II	1	$3.1M	$3.1M	$0	Sep 1, 2028	Dec 31, 2024
Antares Private Credit Fund	1	$2.2M	$2.1M	$0	Sep 29, 2028	Jun 30, 2026
Steele Creek Capital Corp	1	$38,000	$35,000	$0	Sep 29, 2028	Jun 30, 2026

Relationships

No published relationship touches this entity yet.

Dated events

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

Occurred
Mar 31, 2026
Marked down across lenders
ConnectWise, LLC term loan: marked from 98 to 92 cents on cost across 10 lender(s)
BDC schedule of investments
$200M
Occurred
Mar 31, 2026
Marked down by a BDC
Golub Capital Private Credit Fund: fair value markdown in ConnectWise, LLC (99 to 93 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.927233607280166 usd
Occurred
Mar 31, 2026
Marked down by a BDC
Palmer Square Capital BDC Inc.: fair value markdown in ConnectWise, LLC (98 to 93 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.926252220897869 usd
Occurred
Mar 31, 2026
Marked down by a BDC
Blue Owl Technology Income Corp.: fair value markdown in ConnectWise, LLC (99 to 93 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.926478329531497 usd
Occurred
Mar 31, 2026
Marked down by a BDC
Antares Private Credit Fund: fair value markdown in ConnectWise, LLC (98 to 92 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.923316986179224 usd
Occurred
Mar 31, 2026
Marked down by a BDC
Franklin BSP Capital Corp: fair value markdown in ConnectWise, LLC (98 to 92 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.9214463840399 usd
Occurred
Mar 31, 2026
Marked down by a BDC
Ares Core Infrastructure Fund: fair value markdown in ConnectWise, LLC (98 to 92 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.919114688128773 usd
Occurred
Mar 31, 2026
Marked down by a BDC
ARES STRATEGIC INCOME FUND: fair value markdown in ConnectWise, LLC (98 to 92 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.920589126941541 usd
Occurred
Mar 31, 2026
Marked down by a BDC
Antares Strategic Credit Fund: fair value markdown in ConnectWise, LLC (99 to 93 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.92629992464205 usd
Occurred
Mar 31, 2026
Marked down by a BDC
Goldman Sachs Private Credit Corp.: fair value markdown in ConnectWise, LLC (98 to 92 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.918403589120479 usd
Occurred
Mar 31, 2026
Marked down by a BDC
Blue Owl Credit Income Corp.: fair value markdown in ConnectWise, LLC (98 to 92 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.923370694708421 usd
Occurred
Dec 31, 2025
BDC joined a facility
Antares Private Credit Fund joins ConnectWise, LLC term loan (first lien) held by 12 other BDCs
BDC schedule of investments
$2.2M
Occurred
Dec 31, 2025
BDC left a facility
BlackRock Private Credit Fund no longer holds ConnectWise, LLC term loan after 2025-12-31; 11 BDC(s) still hold it
BDC schedule of investments
$1.3M
Occurred
Sep 30, 2025
BDC left a facility
Blackstone Private Credit Fund no longer holds ConnectWise, LLC other after 2025-09-30; 2 BDC(s) still hold it
BDC schedule of investments
$45.5M
Occurred
Jun 30, 2025
BDC joined a facility
Ares Core Infrastructure Fund joins ConnectWise, LLC term loan (first lien) held by 10 other BDCs
BDC schedule of investments
$4.9M

Show 25 bookkeeping events

Occurred
Jun 30, 2026
Goldman Sachs Private Credit Corp.: principal decreased in ConnectWise, LLC ($8.3M principal)
Occurred
Mar 31, 2026
Franklin BSP Capital Corp: principal decreased in ConnectWise, LLC ($5.6M principal)
Occurred
Mar 31, 2026
Blue Owl Technology Finance Corp.: principal increased in ConnectWise, LLC ($9.1M principal)
Occurred
Mar 31, 2026
Steele Creek Capital Corp: principal decreased in ConnectWise, LLC ($.0M principal)
Occurred
Mar 31, 2026
Blue Owl Credit Income Corp.: principal increased in ConnectWise, LLC ($56.5M principal)
Occurred
Mar 31, 2026
Antares Strategic Credit Fund: principal decreased in ConnectWise, LLC ($6.6M principal)
Occurred
Mar 31, 2026
Goldman Sachs Private Credit Corp.: principal decreased in ConnectWise, LLC ($10.7M principal)
Occurred
Mar 31, 2026
Palmer Square Capital BDC Inc.: principal decreased in ConnectWise, LLC ($5.7M principal)
Occurred
Mar 31, 2026
Antares Private Credit Fund: principal decreased in ConnectWise, LLC ($2.2M principal)
Occurred
Mar 31, 2026
BlackRock Private Credit Fund: position exited in ConnectWise, LLC ($1.3M principal)
Occurred
Dec 31, 2025
Ares Core Infrastructure Fund: principal increased in ConnectWise, LLC ($5.0M principal)
Occurred
Dec 31, 2025
Palmer Square Capital BDC Inc.: principal increased in ConnectWise, LLC ($11.4M principal)
Occurred
Dec 31, 2025
Golub Capital Private Credit Fund: principal decreased in ConnectWise, LLC ($28.5M principal)
Occurred
Dec 31, 2025
Blackstone Private Credit Fund: position exited in ConnectWise, LLC ($45.5M principal)
Occurred
Dec 31, 2025
Goldman Sachs Private Credit Corp.: principal increased in ConnectWise, LLC ($26.7M principal)
Occurred
Dec 31, 2025
Antares Private Credit Fund: new position in ConnectWise, LLC ($2.7M principal)
Occurred
Dec 31, 2025
Franklin BSP Capital Corp: principal decreased in ConnectWise, LLC ($10.6M principal)
Occurred
Dec 31, 2025
ARES STRATEGIC INCOME FUND: principal increased in ConnectWise, LLC ($70.4M principal)
Occurred
Dec 31, 2025
Antares Strategic Credit Fund: principal increased in ConnectWise, LLC ($7.7M principal)
Occurred
Sep 30, 2025
ARES STRATEGIC INCOME FUND: principal increased in ConnectWise, LLC ($66.6M principal)
Occurred
Sep 30, 2025
Goldman Sachs Private Credit Corp.: principal increased in ConnectWise, LLC ($20.4M principal)
Occurred
Sep 30, 2025
Golub Capital Private Credit Fund: principal increased in ConnectWise, LLC ($57.1M principal)
Occurred
Jun 30, 2025
Golub Capital Private Credit Fund: principal increased in ConnectWise, LLC ($28.6M principal)
Occurred
Jun 30, 2025
Goldman Sachs Private Credit Corp.: principal increased in ConnectWise, LLC ($15.7M principal)
Occurred
Jun 30, 2025
Blue Owl Credit Income Corp.: principal increased in ConnectWise, LLC ($50.8M principal)

Provenance

Graph: Private Credit
Canonical id: dfx:pc:62772907-0064-0ab3-0954-859f58a737c2
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.

ConnectWise, LLC

Private Credit

Search this name across graphsid dfx:pc:62772907-0064-0ab3-0954-859f58a737c2

Kind

Lien

Size, lower bound

Fair value

Maturity

Maturity basis

Spread

PIK

Lenders

BDCs

Status

Last seen

Term loan

First lien

$197M

$181M

Oct 1, 2028

Xbrl fact

n/a

Unknown

Jun 30, 2026

other

unknown

$5.6M

$5.1M

Sep 29, 2028

Html schedule

n/a

Unknown

Jun 30, 2026

BDC

Pieces

Principal

Fair value

Unfunded

Nearest maturity

As of

ARES STRATEGIC INCOME FUND

$70.1M

$64.2M

Sep 1, 2028

Jun 30, 2026

Blue Owl Credit Income Corp.

$56.3M

$51.6M

Sep 1, 2028

Jun 30, 2026

Golub Capital Private Credit Fund

$28.3M

$26.2M

Oct 1, 2028

Jun 30, 2026

New Mountain Finance Corp

$18.0M

$16.6M

Sep 1, 2028

Jun 30, 2026

Blue Owl Technology Finance Corp.

$9.0M

$8.3M

Sep 1, 2028

Jun 30, 2026

Goldman Sachs Private Credit Corp.

$8.3M

$7.6M

Sep 29, 2028

Jun 30, 2026

Franklin BSP Lending Corp

$6.9M

$6.8M

Sep 29, 2028

Sep 30, 2023

Antares Strategic Credit Fund

$6.6M

$6.1M

Sep 29, 2028

Jun 30, 2026

Blue Owl Technology Income Corp.

$5.7M

$5.2M

Sep 1, 2028

Jun 30, 2026

Palmer Square Capital BDC Inc.

$5.7M

$5.2M

Sep 29, 2028

Jun 30, 2026

Franklin BSP Capital Corp

$5.6M

$5.1M

Sep 29, 2028

Jun 30, 2026

Ares Core Infrastructure Fund

$4.9M

$4.5M

Sep 1, 2028

Jun 30, 2026

New Mountain Private Credit Fund

$3.7M

$3.4M

Sep 1, 2028

Jun 30, 2026

Blue Owl Technology Finance Corp. II

$3.1M

Sep 1, 2028

Dec 31, 2024

Antares Private Credit Fund

$2.2M

$2.1M

Sep 29, 2028

Jun 30, 2026

Steele Creek Capital Corp

$38,000

$35,000

Sep 29, 2028

Jun 30, 2026