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LCG Vardiman Black, LLC

sponsor (inference, pe portfolio stem): Quilvest Capital Partners Management, LLC

Search this name across graphsid dfx:pc:a8f0de1f-c545-26c8-6aae-f78586edd0b6

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 21, 2026, 5:13 AM UTC and rebuilt at most every 15 minutes.

Relationships: 1
Dated events: 40
On other graphs: 1
Observed: Dec 31, 2022 to Jun 30, 2025
1 observations

Right now

one signal names this record (all private credit signals)

#1NewSignalPrivate creditCredit deterioration

LCG Vardiman Black, LLC: lender marks fell to 80 cents across 3 BDC lenders

State NEW at the 2023-12-31 quarter end, readable when the filing landed on 2024-11-13.

Exposure: $36.4M 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

Goldman Sachs Private Credit Corp. · lender Goldman Sachs BDC, Inc. · lender Goldman Sachs Middle Market Lending Corp. II · lender

Credit Attention / portfolio monitorDec 31, 2023 · seen 3 days ago

Across DFX

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

Private Equityidentity

Specialty Dental Brands

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: 3
BDCs: 1
Facilities: 4
First on a schedule: Dec 31, 2022
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	$33.5M	$29.0M	Mar 18, 2027	Xbrl fact	0	0	3	3	Unknown	Mar 31, 2025
other	unknown	n/a	n/a	n/a	n/a	n/a	n/a	1	2	Unknown	Jun 30, 2025
preferred	equity	n/a	$0	n/a	n/a	n/a	n/a	3	3	Unknown	Mar 31, 2025
Common equity	equity	n/a	$0	n/a	n/a	n/a	n/a	3	3	Unknown	Mar 31, 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
Goldman Sachs Middle Market Lending Corp. II	1	$0	$0	$0	n/a	Jun 30, 2025

Relationships

Sponsors (1)

← Quilvest Capital Partners Management, LLCSponsor of borrowersPE portfolio stem
Jan 1, 2022 to presentinferenceDFX's own graph

Dated events

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

Occurred
Mar 31, 2025
Borrower left every BDC schedule
LCG Vardiman Black, LLC term loan (first lien) left every BDC schedule after 2025-03-31 (3 lenders, $33.5M last held)
BDC schedule of investments
$33.5M
Occurred
Mar 31, 2025
Marked down across lenders
LCG Vardiman Black, LLC term loan: marked from 97 to 88 cents on cost across 3 lender(s)
BDC schedule of investments
$33.5M
Occurred
Mar 31, 2025
Marked down by a BDC
Goldman Sachs Middle Market Lending Corp. II: fair value markdown in LCG Vardiman Black, LLC (97 to 88 cents on cost)
BDC schedule of investmentsobserved 1.4 years ago
0.882057416267943 usd
Occurred
Mar 31, 2025
Marked down by a BDC
Goldman Sachs Private Credit Corp.: fair value markdown in LCG Vardiman Black, LLC (97 to 88 cents on cost)
BDC schedule of investmentsobserved 1.4 years ago
0.881110923803102 usd
Occurred
Mar 31, 2025
Marked down by a BDC
Goldman Sachs BDC, Inc.: fair value markdown in LCG Vardiman Black, LLC (97 to 88 cents on cost)
BDC schedule of investmentsobserved 1.4 years ago
0.881670533642691 usd
Occurred
Dec 31, 2024
Coupon changed
LCG Vardiman Black, LLC term loan: spread moved from 7.00% to 5.00%
BDC schedule of investments
$33.0M
Occurred
Dec 31, 2024
Spread decreased
Goldman Sachs Middle Market Lending Corp. II: spread decreased in LCG Vardiman Black, LLC (7.00% to 5.00%)
BDC schedule of investmentsobserved 1.1 years ago
0.05 usd
Occurred
Dec 31, 2024
Spread decreased
Goldman Sachs BDC, Inc.: spread decreased in LCG Vardiman Black, LLC (7.00% to 5.00%)
BDC schedule of investmentsobserved 6 months ago
0.05 usd
Occurred
Dec 31, 2024
Spread decreased
Goldman Sachs Private Credit Corp.: spread decreased in LCG Vardiman Black, LLC (7.00% to 5.00%)
BDC schedule of investmentsobserved 6 months ago
0.05 usd
Occurred
Jun 30, 2024
PIK interest added
LCG Vardiman Black, LLC term loan: PIK interest of 7.44% appears (was cash pay)
BDC schedule of investments
$31.8M
Occurred
Jun 30, 2024
PIK interest added
Goldman Sachs Middle Market Lending Corp. II: pik added in LCG Vardiman Black, LLC (0.00% to 7.44%)
BDC schedule of investmentsobserved 2.1 years ago
0.0744 usd
Occurred
Jun 30, 2024
PIK interest added
Goldman Sachs BDC, Inc.: pik added in LCG Vardiman Black, LLC (0.00% to 7.44%)
BDC schedule of investmentsobserved 2.1 years ago
0.0744 usd
Occurred
Jun 30, 2024
PIK interest added
Goldman Sachs Private Credit Corp.: pik added in LCG Vardiman Black, LLC (0.00% to 7.44%)
BDC schedule of investmentsobserved 2.1 years ago
0.0744 usd
Occurred
Mar 31, 2024
Mark recovered
LCG Vardiman Black, LLC term loan: marked from 80 to 101 cents on cost
BDC schedule of investments
$31.0M
Occurred
Mar 31, 2024
Mark recovered
Goldman Sachs Private Credit Corp.: fair value recovery in LCG Vardiman Black, LLC (80 to 101 cents on cost)
BDC schedule of investmentsobserved 2.4 years ago
1.00847240051348 usd
Occurred
Mar 31, 2024
Mark recovered
Goldman Sachs Middle Market Lending Corp. II: fair value recovery in LCG Vardiman Black, LLC (80 to 101 cents on cost)
BDC schedule of investmentsobserved 2.4 years ago
1.00844373271219 usd
Occurred
Mar 31, 2024
Mark recovered
Goldman Sachs BDC, Inc.: fair value recovery in LCG Vardiman Black, LLC (80 to 101 cents on cost)
BDC schedule of investmentsobserved 2.4 years ago
1.00847457627119 usd
Occurred
Dec 31, 2023
Marked down across lenders
LCG Vardiman Black, LLC term loan: marked from 90 to 80 cents on cost across 3 lender(s)
BDC schedule of investments
$77.8M

Show 22 bookkeeping events

Occurred
Jun 30, 2025
Goldman Sachs Private Credit Corp.: position exited in LCG Vardiman Black, LLC
Occurred
Jun 30, 2025
Goldman Sachs BDC, Inc.: position exited in LCG Vardiman Black, LLC
Occurred
Jun 30, 2025
Goldman Sachs BDC, Inc.: position exited in LCG Vardiman Black, LLC ($.9M principal)
Occurred
Jun 30, 2025
Goldman Sachs BDC, Inc.: position exited in LCG Vardiman Black, LLC
Occurred
Jun 30, 2025
Goldman Sachs Middle Market Lending Corp. II: position exited in LCG Vardiman Black, LLC
Occurred
Jun 30, 2025
Goldman Sachs Middle Market Lending Corp. II: position exited in LCG Vardiman Black, LLC
Occurred
Jun 30, 2025
Goldman Sachs Private Credit Corp.: position exited in LCG Vardiman Black, LLC
Occurred
Jun 30, 2025
Goldman Sachs Middle Market Lending Corp. II: position exited in LCG Vardiman Black, LLC ($8.4M principal)
Occurred
Jun 30, 2025
Goldman Sachs Private Credit Corp.: position exited in LCG Vardiman Black, LLC ($24.1M principal)
Occurred
Jun 30, 2025
Goldman Sachs BDC, Inc.: position exited in LCG Vardiman Black, LLC
Occurred
Sep 30, 2024
Goldman Sachs Middle Market Lending Corp. II: new position in LCG Vardiman Black, LLC
Occurred
Jun 30, 2024
Goldman Sachs Middle Market Lending Corp. II: position exited in LCG Vardiman Black, LLC
Occurred
Mar 31, 2024
Goldman Sachs BDC, Inc.: principal decreased in LCG Vardiman Black, LLC ($.8M principal)
Occurred
Mar 31, 2024
Goldman Sachs Private Credit Corp.: principal decreased in LCG Vardiman Black, LLC ($22.3M principal)
Occurred
Mar 31, 2024
Goldman Sachs BDC, Inc.: new position in LCG Vardiman Black, LLC
Occurred
Mar 31, 2024
Goldman Sachs Middle Market Lending Corp. II: new position in LCG Vardiman Black, LLC
Occurred
Mar 31, 2024
Goldman Sachs Middle Market Lending Corp. II: principal decreased in LCG Vardiman Black, LLC ($7.9M principal)
Occurred
Mar 31, 2024
Goldman Sachs Middle Market Lending Corp. II: new position in LCG Vardiman Black, LLC
Occurred
Mar 31, 2024
Goldman Sachs Private Credit Corp.: new position in LCG Vardiman Black, LLC
Occurred
Mar 31, 2024
Goldman Sachs Private Credit Corp.: new position in LCG Vardiman Black, LLC
Occurred
Mar 31, 2024
Goldman Sachs Middle Market Lending Corp. II: new position in LCG Vardiman Black, LLC
Occurred
Mar 31, 2024
Goldman Sachs BDC, Inc.: new position in LCG Vardiman Black, LLC

Provenance

Graph: Private Credit
Canonical id: dfx:pc:a8f0de1f-c545-26c8-6aae-f78586edd0b6
First observed: Dec 31, 2022
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.

LCG Vardiman Black, LLC

sponsor (inference, pe portfolio stem): Quilvest Capital Partners Management, LLC

Search this name across graphsid dfx:pc:a8f0de1f-c545-26c8-6aae-f78586edd0b6

Kind

Lien

Size, lower bound

Fair value

Maturity

Maturity basis

Spread

PIK

Lenders

BDCs

Status

Last seen

Term loan

First lien

$33.5M

$29.0M

Mar 18, 2027

Xbrl fact

Unknown

Mar 31, 2025

other

unknown

n/a

Unknown

Jun 30, 2025

preferred

equity

n/a

Unknown

Mar 31, 2025

Common equity

equity

n/a

Unknown

Mar 31, 2025

BDC

Pieces

Principal

Fair value

Unfunded

Nearest maturity

As of

Goldman Sachs Middle Market Lending Corp. II

n/a

Jun 30, 2025