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Data Factory

Team Air Distributing, LLC

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

Search this name across graphsid dfx:pc:db9352f7-9983-a441-3ffa-b7c9ff2d6e94

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, 9:18 PM UTC and rebuilt at most every 15 minutes.

Relationships: 2
Dated events: 35
On other graphs: 1
Observed: Jun 30, 2023 to Jun 30, 2026
12 observations

Right now

one signal names this record (all private credit signals)

#1NewFactPrivate creditCredit Attention / amendments

Team Air Distributing, LLC term loan: PIK interest rose from 2.00% to 14.00%

Dated 2026-06-30 (filing); first seen by DFX 2026-09-15.

Exposure: $2.4M knowndisclosed amount
Who this matters to: Private credit lenders, PE sponsors +2
Historical: not a measured predictor

Credit Attention / amendmentsJun 30, 2026 · seen 4 days ago

Across DFX

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

Private Equityidentity

Team Air Distributing

name equal multitoken · confidence 50% · family precision 100%

Facts

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

Lenders: 3
BDCs: 3
Facilities: 4
Principal, latest: $2.4Mpieces as filed; a lower bound
Fair value, latest: $2.4M
Mark ratio: 92%fair value over cost, latest
First on a schedule: Jun 30, 2023
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	Unsecured or subordinated	$2.4M	$2.2M	n/a	n/a	n/a	0	3	3	Unknown	Jun 30, 2026
preferred	equity	n/a	$144,000	n/a	n/a	n/a	n/a	3	3	Unknown	Jun 30, 2026
Common equity	equity	n/a	$0	n/a	n/a	n/a	n/a	3	3	Unknown	Jun 30, 2026
Term loan	First lien	$225,000	$219,000	n/a	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 3

BDC	Pieces	Principal	Fair value	Unfunded	Nearest maturity	As of
Barings BDC, Inc.	4	$812,000	$785,000	$0	n/a	Jun 30, 2026
Barings Capital Investment Corp	4	$812,000	$785,000	$0	n/a	Jun 30, 2026
Barings Private Credit Corp	4	$812,000	$785,000	$0	n/a	Jun 30, 2026

Relationships

Sponsors (2)

← LNC Management, LLCSponsor of borrowersPE portfolio stem
Jun 1, 2023 to presentinferenceDFX's own graph
← Kian Capital Partners, LLCSponsor of borrowersPE portfolio stem
Sep 16, 2026 to presentinferenceDFX's own graph

Dated events

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

Occurred
Jun 30, 2026
PIK interest increased
Team Air Distributing, LLC term loan: PIK interest rose from 2.00% to 14.00%
BDC schedule of investments
$2.4M
Occurred
Jun 30, 2026
PIK interest increased
Barings BDC, Inc.: pik increased in Team Air Distributing, LLC (2.00% to 14.00%)
BDC schedule of investmentsobserved 1 months ago
0.14 usd
Occurred
Jun 30, 2026
PIK interest increased
Barings Capital Investment Corp: pik increased in Team Air Distributing, LLC (2.00% to 14.00%)
BDC schedule of investmentsobserved 1 months ago
0.14 usd
Occurred
Jun 30, 2026
PIK interest increased
Barings Private Credit Corp: pik increased in Team Air Distributing, LLC (2.00% to 14.00%)
BDC schedule of investmentsobserved 1 months ago
0.14 usd
Occurred
Mar 31, 2026
PIK interest added
Team Air Distributing, LLC term loan: PIK interest of 2.00% appears (was cash pay)
BDC schedule of investments
$2.4M
Occurred
Mar 31, 2026
PIK interest added
Barings BDC, Inc.: pik added in Team Air Distributing, LLC (0.00% to 2.00%)
BDC schedule of investmentsobserved 4 months ago
0.02 usd
Occurred
Mar 31, 2026
PIK interest added
Barings Private Credit Corp: pik added in Team Air Distributing, LLC (0.00% to 2.00%)
BDC schedule of investmentsobserved 4 months ago
0.02 usd
Occurred
Mar 31, 2026
PIK interest added
Barings Capital Investment Corp: pik added in Team Air Distributing, LLC (0.00% to 2.00%)
BDC schedule of investmentsobserved 4 months ago
0.02 usd
Occurred
Dec 31, 2024
Borrower left every BDC schedule
Team Air Distributing, LLC term loan (first lien) left every BDC schedule after 2024-12-31 (3 lenders, $.2M last held)
BDC schedule of investments
$225,000
Occurred
Dec 31, 2024
BDC joined a facility
Barings Capital Investment Corp joins Team Air Distributing, LLC term loan (first lien) held by 2 other BDCs
BDC schedule of investments
$153,000
Occurred
Jun 30, 2023
Borrower first appears on a BDC schedule
Team Air Distributing, LLC first appears in a BDC schedule (3 lenders)
Barings BDC, Inc.BDC schedule of investmentsobserved 3.1 years ago
$1.8M

Show 24 bookkeeping events

Occurred
Mar 31, 2026
Barings BDC, Inc.: new position in Team Air Distributing, LLC
Occurred
Mar 31, 2026
Barings Private Credit Corp: new position in Team Air Distributing, LLC
Occurred
Mar 31, 2026
Barings Capital Investment Corp: principal decreased in Team Air Distributing, LLC ($.8M principal)
Occurred
Mar 31, 2026
Barings Capital Investment Corp: new position in Team Air Distributing, LLC
Occurred
Dec 31, 2025
Barings Capital Investment Corp: principal increased in Team Air Distributing, LLC ($1.5M principal)
Occurred
Mar 31, 2025
Barings Capital Investment Corp: position exited in Team Air Distributing, LLC ($.2M principal)
Occurred
Mar 31, 2025
Barings Private Credit Corp: principal decreased in Team Air Distributing, LLC ($.8M principal)
Occurred
Mar 31, 2025
Barings BDC, Inc.: principal decreased in Team Air Distributing, LLC ($.8M principal)
Occurred
Mar 31, 2025
Barings BDC, Inc.: position exited in Team Air Distributing, LLC ($.1M principal)
Occurred
Dec 31, 2024
Barings BDC, Inc.: principal decreased in Team Air Distributing, LLC ($.1M principal)
Occurred
Dec 31, 2024
Barings Capital Investment Corp: new position in Team Air Distributing, LLC ($.2M principal)
Occurred
Dec 31, 2024
Barings BDC, Inc.: new position in Team Air Distributing, LLC ($1.4M principal)
Occurred
Dec 31, 2024
Barings Private Credit Corp: new position in Team Air Distributing, LLC ($1.5M principal)
Occurred
Dec 31, 2024
Barings Private Credit Corp: position exited in Team Air Distributing, LLC ($.7M principal)
Occurred
Sep 30, 2024
Barings Private Credit Corp: position exited in Team Air Distributing, LLC ($.6M principal)
Occurred
Sep 30, 2024
Barings Private Credit Corp: new position in Team Air Distributing, LLC ($.7M principal)
Occurred
Sep 30, 2024
Barings BDC, Inc.: position exited in Team Air Distributing, LLC ($.6M principal)
Occurred
Sep 30, 2024
Barings BDC, Inc.: new position in Team Air Distributing, LLC ($.7M principal)
Occurred
Jun 30, 2023
Barings Private Credit Corp: new position in Team Air Distributing, LLC ($.6M principal)
Occurred
Jun 30, 2023
Barings Capital Investment Corp: new position in Team Air Distributing, LLC ($.6M principal)
Occurred
Jun 30, 2023
Barings Capital Investment Corp: new position in Team Air Distributing, LLC
Occurred
Jun 30, 2023
Barings Private Credit Corp: new position in Team Air Distributing, LLC
Occurred
Jun 30, 2023
Barings BDC, Inc.: new position in Team Air Distributing, LLC
Occurred
Jun 30, 2023
Barings BDC, Inc.: new position in Team Air Distributing, LLC ($.6M principal)

Provenance

Graph: Private Credit
Canonical id: dfx:pc:db9352f7-9983-a441-3ffa-b7c9ff2d6e94
First observed: Jun 30, 2023
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.

Team Air Distributing, LLC

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

Search this name across graphsid dfx:pc:db9352f7-9983-a441-3ffa-b7c9ff2d6e94

Kind

Lien

Size, lower bound

Fair value

Maturity

Maturity basis

Spread

PIK

Lenders

BDCs

Status

Last seen

Term loan

Unsecured or subordinated

$2.4M

$2.2M

n/a

Unknown

Jun 30, 2026

preferred

equity

n/a

$144,000

n/a

Unknown

Jun 30, 2026

Common equity

equity

n/a

Unknown

Jun 30, 2026

Term loan

First lien

$225,000

$219,000

n/a

Unknown

Dec 31, 2024

BDC

Pieces

Principal

Fair value

Unfunded

Nearest maturity

As of

Barings BDC, Inc.

$812,000

$785,000

n/a

Jun 30, 2026

Barings Capital Investment Corp

$812,000

$785,000

n/a

Jun 30, 2026

Barings Private Credit Corp

$812,000

$785,000

n/a

Jun 30, 2026