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Private creditBorrowerhealth care facilitiesaunknown

IPC Pain Acquisition, LLC

Private Credit

Search this name across graphsid dfx:pc:df70744b-f232-84e9-60cb-996da09cbdb7

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, 4:24 AM UTC and rebuilt at most every 15 minutes.

Relationships: 0
Dated events: 40
On other graphs: 0
Observed: Dec 31, 2022 to Jun 30, 2026
8 observations

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: 2
BDCs: 2
Facilities: 4
Principal, latest: $19.3Mpieces as filed; a lower bound
Fair value, latest: $18.1M
Mark ratio: 100%fair value over cost, latest
Next maturity: May 19, 2027
Maturing inside 12 months: $19.3Mtagged maturities only
First on a schedule: Dec 31, 2022
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
Delayed draw	First lien	$12.2M	$12.2M	May 19, 2027	Html schedule	0	n/a	2	2	Unknown	Jun 30, 2026
Term loan	First lien	$6.0M	$6.0M	May 19, 2027	Html schedule	0	n/a	2	2	Unknown	Jun 30, 2026
revolver	First lien	$1.1M	$-2,000	May 19, 2027	Html schedule	0	n/a	1	1	Unknown	Jun 30, 2026
other	unknown	n/a	n/a	n/a	n/a	n/a	n/a	1	1	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; 8 rows folded into 2

BDC	Pieces	Principal	Fair value	Unfunded	Nearest maturity	As of
TPG Twin Brook Capital Income Fund	6	$16.1M	$15.0M	$0	May 19, 2027	Jun 30, 2026
Stepstone Private Credit Fund LLC	2	$3.2M	$3.2M	$0	May 19, 2027	Jun 30, 2026

Relationships

No published relationship touches this entity yet.

Dated events

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

Scheduled
May 19, 2027
Facility matures inside 24 months
IPC Pain Acquisition, LLC revolver (first lien) matures 2027-05-19 (inside 12 months; $1.1M held by 1 BDC)
BDC schedule of investments
$1.1M
Scheduled
May 19, 2027
Facility matures inside 24 months
IPC Pain Acquisition, LLC revolver (first lien) matures 2027-05-19 (inside 18 months; $1.1M held by 1 BDC)
BDC schedule of investments
$1.1M
Scheduled
May 19, 2027
Facility matures inside 24 months
IPC Pain Acquisition, LLC revolver (first lien) matures 2027-05-19 (inside 24 months; $1.1M held by 1 BDC)
BDC schedule of investments
$1.1M
Scheduled
May 19, 2027
Facility matures inside 24 months
IPC Pain Acquisition, LLC term loan (first lien) matures 2027-05-19 (inside 12 months; $5.4M held by 1 BDC)
BDC schedule of investments
$5.4M
Scheduled
May 19, 2027
Facility matures inside 24 months
IPC Pain Acquisition, LLC term loan (first lien) matures 2027-05-19 (inside 18 months; $5.4M held by 1 BDC)
BDC schedule of investments
$5.4M
Scheduled
May 19, 2027
Facility matures inside 24 months
IPC Pain Acquisition, LLC term loan (first lien) matures 2027-05-19 (inside 24 months; $5.4M held by 1 BDC)
BDC schedule of investments
$5.4M
Scheduled
May 19, 2027
Facility matures inside 24 months
IPC Pain Acquisition, LLC delayed draw (first lien) matures 2027-05-19 (inside 12 months; $9.6M held by 1 BDC)
BDC schedule of investments
$9.6M
Scheduled
May 19, 2027
Facility matures inside 24 months
IPC Pain Acquisition, LLC delayed draw (first lien) matures 2027-05-19 (inside 18 months; $9.6M held by 1 BDC)
BDC schedule of investments
$9.6M
Scheduled
May 19, 2027
Facility matures inside 24 months
IPC Pain Acquisition, LLC delayed draw (first lien) matures 2027-05-19 (inside 24 months; $9.6M held by 1 BDC)
BDC schedule of investments
$9.6M
Occurred
Dec 31, 2025
BDC joined a facility
Stepstone Private Credit Fund LLC joins IPC Pain Acquisition, LLC term loan (first lien) held by 1 other BDC
BDC schedule of investments
$575,000
Occurred
Sep 30, 2024
Coupon changed
IPC Pain Acquisition, LLC delayed draw: spread moved from 1.00% to 6.11%
BDC schedule of investments
$12.6M
Occurred
Sep 30, 2024
Spread increased
Stepstone Private Credit Fund LLC: spread increased in IPC Pain Acquisition, LLC (1.00% to 6.11%)
BDC schedule of investmentsobserved 1.8 years ago
0.0611 usd
Occurred
Sep 30, 2024
Maturity shortened
Stepstone Private Credit Fund LLC: maturity shortened in IPC Pain Acquisition, LLC (2028-07-03 to 2027-05-19)
BDC schedule of investmentsobserved 1.8 years ago
Occurred
Jun 30, 2024
Maturity extended
IPC Pain Acquisition, LLC delayed draw: maturity moved from 2027-05-19 to 2028-07-03
BDC schedule of investments
$13.1M
Occurred
Jun 30, 2024
Coupon changed
IPC Pain Acquisition, LLC delayed draw: spread moved from 5.75% to 1.00%
BDC schedule of investments
$13.1M
Occurred
Jun 30, 2024
Spread decreased
Stepstone Private Credit Fund LLC: spread decreased in IPC Pain Acquisition, LLC (5.86% to 1.00%)
BDC schedule of investmentsobserved 2.1 years ago
0.01 usd
Occurred
Jun 30, 2024
Maturity extended
Stepstone Private Credit Fund LLC: maturity extended in IPC Pain Acquisition, LLC (2027-05-19 to 2028-07-03)
BDC schedule of investmentsobserved 2.1 years ago
Occurred
Mar 31, 2024
BDC joined a facility
Stepstone Private Credit Fund LLC joins IPC Pain Acquisition, LLC delayed draw (first lien) held by 1 other BDC
BDC schedule of investments
$2.6M
Occurred
Sep 30, 2023
Spread decreased
TPG Twin Brook Capital Income Fund: spread decreased in IPC Pain Acquisition, LLC (6.00% to 5.50%)
BDC schedule of investmentsobserved 2.8 years ago
0.055 usd
Occurred
Sep 30, 2023
Spread decreased
TPG Twin Brook Capital Income Fund: spread decreased in IPC Pain Acquisition, LLC (6.00% to 5.50%)
BDC schedule of investmentsobserved 2.8 years ago
0.055 usd
Occurred
Sep 30, 2023
Spread decreased
TPG Twin Brook Capital Income Fund: spread decreased in IPC Pain Acquisition, LLC (6.00% to 5.50%)
BDC schedule of investmentsobserved 2.8 years ago
0.055 usd

Show 19 bookkeeping events

Occurred
Mar 31, 2026
TPG Twin Brook Capital Income Fund: principal decreased in IPC Pain Acquisition, LLC ($1.1M principal)
Occurred
Mar 31, 2026
TPG Twin Brook Capital Income Fund: principal decreased in IPC Pain Acquisition, LLC ($9.7M principal)
Occurred
Mar 31, 2026
Stepstone Private Credit Fund LLC: principal decreased in IPC Pain Acquisition, LLC ($2.6M principal)
Occurred
Mar 31, 2026
Stepstone Private Credit Fund LLC: principal decreased in IPC Pain Acquisition, LLC ($.6M principal)
Occurred
Mar 31, 2026
TPG Twin Brook Capital Income Fund: principal decreased in IPC Pain Acquisition, LLC ($5.5M principal)
Occurred
Dec 31, 2025
TPG Twin Brook Capital Income Fund: principal increased in IPC Pain Acquisition, LLC ($19.5M principal)
Occurred
Dec 31, 2025
Stepstone Private Credit Fund LLC: principal increased in IPC Pain Acquisition, LLC ($5.3M principal)
Occurred
Dec 31, 2025
Stepstone Private Credit Fund LLC: new position in IPC Pain Acquisition, LLC ($1.2M principal)
Occurred
Dec 31, 2025
TPG Twin Brook Capital Income Fund: principal increased in IPC Pain Acquisition, LLC ($2.3M principal)
Occurred
Dec 31, 2025
TPG Twin Brook Capital Income Fund: principal increased in IPC Pain Acquisition, LLC ($11.0M principal)
Occurred
Mar 31, 2025
Stepstone Private Credit Fund LLC: principal decreased in IPC Pain Acquisition, LLC ($2.7M principal)
Occurred
Dec 31, 2024
Stepstone Private Credit Fund LLC: principal increased in IPC Pain Acquisition, LLC ($8.0M principal)
Occurred
Sep 30, 2024
Stepstone Private Credit Fund LLC: principal decreased in IPC Pain Acquisition, LLC ($2.7M principal)
Occurred
Jun 30, 2024
Stepstone Private Credit Fund LLC: principal increased in IPC Pain Acquisition, LLC ($3.2M principal)
Occurred
Jun 30, 2024
TPG Twin Brook Capital Income Fund: principal decreased in IPC Pain Acquisition, LLC ($9.9M principal)
Occurred
Mar 31, 2024
Stepstone Private Credit Fund LLC: new position in IPC Pain Acquisition, LLC ($2.7M principal)
Occurred
Sep 30, 2023
TPG Twin Brook Capital Income Fund: new position in IPC Pain Acquisition, LLC
Occurred
Jun 30, 2023
TPG Twin Brook Capital Income Fund: new position in IPC Pain Acquisition, LLC ($1.1M principal)
Occurred
Jun 30, 2023
TPG Twin Brook Capital Income Fund: new position in IPC Pain Acquisition, LLC ($2.8M principal)

Provenance

Graph: Private Credit
Canonical id: dfx:pc:df70744b-f232-84e9-60cb-996da09cbdb7
First observed: Dec 31, 2022
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.

IPC Pain Acquisition, LLC

Private Credit

Search this name across graphsid dfx:pc:df70744b-f232-84e9-60cb-996da09cbdb7

Kind

Lien

Size, lower bound

Fair value

Maturity

Maturity basis

Spread

PIK

Lenders

BDCs

Status

Last seen

Delayed draw

First lien

$12.2M

May 19, 2027

Html schedule

n/a

Unknown

Jun 30, 2026

Term loan

First lien

$6.0M

May 19, 2027

Html schedule

n/a

Unknown

Jun 30, 2026

revolver

First lien

$1.1M

$-2,000

May 19, 2027

Html schedule

n/a

Unknown

Jun 30, 2026

other

unknown

n/a

Unknown

Jun 30, 2026

BDC

Pieces

Principal

Fair value

Unfunded

Nearest maturity

As of

TPG Twin Brook Capital Income Fund

$16.1M

$15.0M

May 19, 2027

Jun 30, 2026

Stepstone Private Credit Fund LLC

$3.2M

May 19, 2027

Jun 30, 2026