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Project Leopard Holdings, Inc

Private Credit

Search this name across graphsid dfx:pc:d7d3d2cb-2f81-d3d6-a546-a6538b380910

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, 9:01 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
10 observations

Right now

2 signals name this record (all private credit signals)

#1IntensifiedSignalPrivate creditCredit deterioration (intensified)

Project Leopard Holdings, Inc: lender marks fell to 65 cents across 6 BDC lenders, second consecutive quarter

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

Exposure: $142M 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

BC Partners Lending Corp · lender T Series BDC LLC · lender Blackstone Private Credit Fund · lender BCP Investment Corp · lender

Credit Attention / portfolio monitorMar 31, 2026 · seen 2 days ago

#2NewSignalPrivate creditCredit deterioration

Project Leopard Holdings, Inc: lender marks fell to 84 cents across 6 BDC lenders

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

Exposure: $27.6M 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

BC Partners Lending Corp · lender T Series BDC LLC · lender Blackstone Private Credit Fund · lender BCP Investment Corp · lender

Credit Attention / portfolio monitorDec 31, 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: 6
Facilities: 4
Principal, latest: $222Mpieces as filed; a lower bound
Fair value, latest: $135M
Mark ratio: 63%fair value over cost, latest
Next maturity: Jul 20, 2027
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	PIK	Lenders	BDCs	Status	Last seen
revolver	unknown	$166M	$101M	Jul 20, 2029	Html schedule	n/a	1	1	Unknown	Jun 30, 2026
Term loan	First lien	$51.0M	$30.8M	Jul 20, 2029	Xbrl fact	n/a	5	5	Unknown	Jun 30, 2026
Term loan	Second lien	$5.0M	$2.9M	Jul 22, 2030	Xbrl fact	n/a	1	1	Unknown	Jun 30, 2026
other	unknown	$32.7M	$29.1M	n/a	n/a	n/a	2	3	Unknown	Dec 31, 2024

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; 12 rows folded into 8

BDC	Pieces	Principal	Fair value	Unfunded	Nearest maturity	As of
Blackstone Private Credit Fund	4	$166M	$101M	$2.4M	Jul 20, 2027	Jun 30, 2026
North Haven Private Income Fund LLC	1	$22.5M	$13.5M	$0	Jul 20, 2029	Jun 30, 2026
BCP Investment Corp	2	$13.9M	$8.4M	$0	Jul 20, 2029	Jun 30, 2026
T Series BDC LLC	1	$9.7M	$5.8M	$0	Jul 20, 2029	Jun 30, 2026
Morgan Stanley Direct Lending Fund	1	$6.1M	$3.6M	$0	Jul 20, 2029	Jun 30, 2026
BC Partners Lending Corp	1	$3.9M	$2.4M	$0	Jul 20, 2029	Jun 30, 2026
SL Investment Corp.	1	$1.0M	$945,000	$0	Jul 20, 2029	Mar 31, 2024
SARATOGA INVESTMENT CORP.	1	$0	$583,954	$0	Jul 20, 2029	May 31, 2026

Relationships

No published relationship touches this entity yet.

Dated events

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

Occurred
Jun 30, 2026
Mark recovered
BCP Investment Corp: fair value recovery in Project Leopard Holdings, Inc (65 to 73 cents on cost)
BDC schedule of investmentsobserved 1 months ago
0.731414868105516 usd
Occurred
Jun 30, 2026
Spread decreased
Morgan Stanley Direct Lending Fund: spread decreased in Project Leopard Holdings, Inc (5.25% to 0.05%)
BDC schedule of investmentsobserved 1 months ago
0.000525 usd
Occurred
Mar 31, 2026
Marked down across lenders
Project Leopard Holdings, Inc term loan: marked from 91 to 62 cents on cost across 1 lender(s)
BDC schedule of investments
$5.0M
Occurred
Mar 31, 2026
Marked down across lenders
Project Leopard Holdings, Inc term loan: marked from 84 to 64 cents on cost across 5 lender(s)
BDC schedule of investments
$47.8M
Occurred
Mar 31, 2026
Marked down across lenders
Project Leopard Holdings, Inc revolver: marked from 89 to 63 cents on cost across 1 lender(s)
BDC schedule of investments
$161M
Occurred
Mar 31, 2026
Marked down by a BDC
Morgan Stanley Direct Lending Fund: fair value markdown in Project Leopard Holdings, Inc (90 to 64 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.639198218262806 usd
Occurred
Mar 31, 2026
Mark recovered
BC Partners Lending Corp: fair value recovery in Project Leopard Holdings, Inc (47 to 65 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.65482916330374 usd
Occurred
Mar 31, 2026
Marked down by a BDC
T Series BDC LLC: fair value markdown in Project Leopard Holdings, Inc (90 to 64 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.63891577928364 usd
Occurred
Mar 31, 2026
Marked down by a BDC
North Haven Private Income Fund LLC: fair value markdown in Project Leopard Holdings, Inc (90 to 64 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.639654615135984 usd
Occurred
Mar 31, 2026
Marked down by a BDC
Blackstone Private Credit Fund: fair value markdown in Project Leopard Holdings, Inc (89 to 63 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.629429383205382 usd
Occurred
Mar 31, 2026
Marked down by a BDC
BCP Investment Corp: fair value markdown in Project Leopard Holdings, Inc (91 to 62 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.621840242669363 usd
Occurred
Mar 31, 2026
Marked down by a BDC
BCP Investment Corp: fair value markdown in Project Leopard Holdings, Inc (90 to 65 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.64976111723631 usd
Occurred
Dec 31, 2025
Marked down across lenders
Project Leopard Holdings, Inc term loan: marked from 95 to 47 cents on cost across 1 lender(s)
BDC schedule of investments
$7.8M
Occurred
Dec 31, 2025
Marked down by a BDC
BC Partners Lending Corp: fair value markdown in Project Leopard Holdings, Inc (95 to 47 cents on cost)
BDC schedule of investmentsobserved 1 months ago
0.474621801215891 usd
Occurred
Sep 30, 2025
Maturity shortened
BCP Investment Corp: maturity shortened in Project Leopard Holdings, Inc (2030-07-20 to 2029-07-20)
BDC schedule of investmentsobserved 10 months ago
Occurred
Sep 30, 2025
Spread decreased
BCP Investment Corp: spread decreased in Project Leopard Holdings, Inc (7.75% to 5.25%)
BDC schedule of investmentsobserved 10 months ago
0.0525 usd
Occurred
Jun 30, 2025
Maturity extended
Project Leopard Holdings, Inc term loan: maturity moved from 2029-07-20 to 2030-07-20
BDC schedule of investments
$20.7M
Occurred
Jun 30, 2025
Maturity extended
BCP Investment Corp: maturity extended in Project Leopard Holdings, Inc (2029-07-20 to 2030-07-20)
BDC schedule of investmentsobserved 1.1 years ago
Occurred
Jun 30, 2025
Spread increased
BCP Investment Corp: spread increased in Project Leopard Holdings, Inc (5.25% to 7.75%)
BDC schedule of investmentsobserved 1.1 years ago
0.0775 usd
Occurred
Dec 31, 2024
Coupon changed
Project Leopard Holdings, Inc revolver: spread moved from 4.25% to 5.25%
BDC schedule of investments
$292M
Occurred
Dec 31, 2024
Borrower left every BDC schedule
Project Leopard Holdings, Inc other (unknown) left every BDC schedule after 2024-12-31 (5 lenders, $32.7M last held)
BDC schedule of investments
$32.7M

Show 19 bookkeeping events

Occurred
Jun 30, 2026
BCP Investment Corp: principal increased in Project Leopard Holdings, Inc ($8.9M principal)
Occurred
Mar 31, 2026
Project Leopard Holdings, Inc term loan: marked from 47 to 65 cents on cost
Occurred
Mar 31, 2026
BC Partners Lending Corp: principal decreased in Project Leopard Holdings, Inc ($3.9M principal)
Occurred
Dec 31, 2025
BC Partners Lending Corp: principal increased in Project Leopard Holdings, Inc ($7.8M principal)
Occurred
Sep 30, 2025
BCP Investment Corp: principal decreased in Project Leopard Holdings, Inc ($5.7M principal)
Occurred
Sep 30, 2025
BCP Investment Corp: new position in Project Leopard Holdings, Inc ($5.0M principal)
Occurred
Jun 30, 2025
BCP Investment Corp: principal increased in Project Leopard Holdings, Inc ($10.7M principal)
Occurred
Jun 30, 2025
BCP Investment Corp: position exited in Project Leopard Holdings, Inc ($5.0M principal)
Occurred
Mar 31, 2025
BC Partners Lending Corp: principal decreased in Project Leopard Holdings, Inc ($3.9M principal)
Occurred
Mar 31, 2025
BCP Investment Corp: principal decreased in Project Leopard Holdings, Inc ($5.0M principal)
Occurred
Mar 31, 2025
Blackstone Private Credit Fund: principal decreased in Project Leopard Holdings, Inc ($162.4M principal)
Occurred
Mar 31, 2025
Morgan Stanley Direct Lending Fund: principal decreased in Project Leopard Holdings, Inc ($6.1M principal)
Occurred
Mar 31, 2025
North Haven Private Income Fund LLC: position exited in Project Leopard Holdings, Inc ($22.9M principal)
Occurred
Mar 31, 2025
BCP Investment Corp: principal decreased in Project Leopard Holdings, Inc ($5.7M principal)
Occurred
Mar 31, 2025
T Series BDC LLC: position exited in Project Leopard Holdings, Inc ($9.8M principal)
Occurred
Dec 31, 2024
BC Partners Lending Corp: principal increased in Project Leopard Holdings, Inc ($11.8M principal)
Occurred
Dec 31, 2024
BCP Investment Corp: principal increased in Project Leopard Holdings, Inc ($10.0M principal)
Occurred
Dec 31, 2024
BCP Investment Corp: principal increased in Project Leopard Holdings, Inc ($11.4M principal)
Occurred
Dec 31, 2024
Morgan Stanley Direct Lending Fund: principal increased in Project Leopard Holdings, Inc ($12.3M principal)

Provenance

Graph: Private Credit
Canonical id: dfx:pc:d7d3d2cb-2f81-d3d6-a546-a6538b380910
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.

Project Leopard Holdings, Inc

Private Credit

Search this name across graphsid dfx:pc:d7d3d2cb-2f81-d3d6-a546-a6538b380910

Kind

Lien

Size, lower bound

Fair value

Maturity

Maturity basis

Spread

PIK

Lenders

BDCs

Status

Last seen

revolver

unknown

$166M

$101M

Jul 20, 2029

Html schedule

n/a

Unknown

Jun 30, 2026

Term loan

First lien

$51.0M

$30.8M

Jul 20, 2029

Xbrl fact

n/a

Unknown

Jun 30, 2026

Term loan

Second lien

$5.0M

$2.9M

Jul 22, 2030

Xbrl fact

n/a

Unknown

Jun 30, 2026

other

unknown

$32.7M

$29.1M

n/a

Unknown

Dec 31, 2024

BDC

Pieces

Principal

Fair value

Unfunded

Nearest maturity

As of

Blackstone Private Credit Fund

$166M

$101M

$2.4M

Jul 20, 2027

Jun 30, 2026

North Haven Private Income Fund LLC

$22.5M

$13.5M

Jul 20, 2029

Jun 30, 2026

BCP Investment Corp

$13.9M

$8.4M

Jul 20, 2029

Jun 30, 2026

T Series BDC LLC

$9.7M

$5.8M

Jul 20, 2029

Jun 30, 2026

Morgan Stanley Direct Lending Fund

$6.1M

$3.6M

Jul 20, 2029

Jun 30, 2026

BC Partners Lending Corp

$3.9M

$2.4M

Jul 20, 2029

Jun 30, 2026

SL Investment Corp.

$1.0M

$945,000

Jul 20, 2029

Mar 31, 2024

SARATOGA INVESTMENT CORP.

$583,954

Jul 20, 2029

May 31, 2026