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Private Credit

Search this name across graphsid dfx:pc:e59071ba-c2d9-81e3-e1d0-a01dd94ebf1a

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 20, 2026, 4:34 AM UTC and rebuilt at most every 15 minutes.

Relationships: 0
Dated events: 40
On other graphs: 0
Observed: Oct 14, 2021 to Jun 30, 2026
7 observations

Right now

3 signals name this record (all private credit signals)

#1NewSignalPrivate creditCredit deterioration

Help: lender marks fell to 78 cents across 5 BDC lenders

State NEW at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-20.

Exposure: $107M 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 PROSPECT CAPITAL CORP · lender New Mountain Private Credit Fund · lender Morgan Stanley Direct Lending Fund · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 2 days ago

#2NewSignalPrivate creditCredit deterioration

Help: lender marks fell to 89 cents across 5 BDC lenders

State NEW at the 2024-06-30 quarter end, readable when the filing landed on 2024-08-28.

Exposure: $79.5M 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 PROSPECT CAPITAL CORP · lender New Mountain Private Credit Fund · lender Morgan Stanley Direct Lending Fund · lender

Credit Attention / portfolio monitorJun 30, 2024 · seen 2 days ago

#3NewSignalPrivate creditCredit deterioration

Help: lender marks fell to 85 cents across 5 BDC lenders

State NEW at the 2024-12-31 quarter end, readable when the filing landed on 2026-02-26.

Exposure: $89.9M 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 PROSPECT CAPITAL CORP · lender New Mountain Private Credit Fund · lender Morgan Stanley Direct Lending Fund · lender

Credit Attention / portfolio monitorDec 31, 2024 · 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: 11
BDCs: 4
Facilities: 4
Principal, latest: $105Mpieces as filed; a lower bound
Fair value, latest: $80.9M
Mark ratio: 77%fair value over cost, latest
Next maturity: May 1, 2029
First on a schedule: Oct 14, 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	Second lien	$99.7M	$77.2M	May 21, 2029	Html schedule	n/a	0	4	7	Unknown	Jun 30, 2026
Term loan	First lien	$4.8M	$3.7M	May 21, 2029	Xbrl fact	0	n/a	1	6	Unknown	Jun 30, 2026
revolver	First lien	$2.1M	$1.9M	Aug 1, 2026	Html schedule	0	n/a	1	1	Unknown	Mar 31, 2025
other	unknown	n/a	n/a	n/a	n/a	n/a	n/a	1	2	Unknown	Sep 30, 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; 9 rows folded into 5

BDC	Pieces	Principal	Fair value	Unfunded	Nearest maturity	As of
PROSPECT CAPITAL CORP	3	$56.3M	$46.5M	$0	May 19, 2029	Jun 30, 2026
New Mountain Private Credit Fund	1	$20.9M	$12.9M	$0	May 1, 2029	Jun 30, 2026
Morgan Stanley Direct Lending Fund	1	$18.6M	$15.9M	$0	May 21, 2029	Jun 30, 2026
New Mountain Finance Corp	2	$17.1M	$13.0M	$0	May 1, 2029	Jun 30, 2026
Palmer Square Capital BDC Inc.	2	$8.8M	$5.6M	$0	May 21, 2029	Jun 30, 2026

Relationships

No published relationship touches this entity yet.

Dated events

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

Occurred
Jun 30, 2026
Marked down across lenders
Help term loan: marked from 86 to 76 cents on cost across 1 lender(s)
BDC schedule of investments
$4.8M
Occurred
Jun 30, 2026
Marked down by a BDC
PROSPECT CAPITAL CORP: fair value markdown in Help (88 to 83 cents on cost)
BDC schedule of investmentsobserved 1 months ago
0.826336250510358 usd
Occurred
Jun 30, 2026
Marked down by a BDC
Palmer Square Capital BDC Inc.: fair value markdown in Help (60 to 47 cents on cost)
BDC schedule of investmentsobserved 1 months ago
0.474999942378183 usd
Occurred
Jun 30, 2026
Marked down by a BDC
Palmer Square Capital BDC Inc.: fair value markdown in Help (86 to 76 cents on cost)
BDC schedule of investmentsobserved 1 months ago
0.762499984530616 usd
Occurred
Jun 30, 2026
Marked down by a BDC
New Mountain Private Credit Fund: fair value markdown in Help (67 to 62 cents on cost)
BDC schedule of investmentsobserved 1 months ago
0.617394639689313 usd
Occurred
Mar 31, 2026
Marked down across lenders
Help term loan: marked from 88 to 83 cents on cost across 2 lender(s)
BDC schedule of investments
$75.5M
Occurred
Mar 31, 2026
Marked down by a BDC
New Mountain Private Credit Fund: fair value markdown in Help (83 to 67 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.669020992740828 usd
Occurred
Mar 31, 2026
BDC left a facility
Morgan Stanley Direct Lending Fund no longer holds Help term loan after 2026-03-31; 1 BDC(s) still hold it
BDC schedule of investments
$18.2M
Occurred
Mar 31, 2026
BDC left a facility
PennantPark Floating Rate Capital Ltd. no longer holds Help term loan after 2026-03-31; 1 BDC(s) still hold it
BDC schedule of investments
$1.4M
Occurred
Mar 31, 2026
Marked down by a BDC
Palmer Square Capital BDC Inc.: fair value markdown in Help (67 to 60 cents on cost)
BDC schedule of investmentsobserved 4 months ago
0.599999842807706 usd
Occurred
Mar 31, 2026
BDC joined a facility
Morgan Stanley Direct Lending Fund joins Help term loan (first lien) held by 5 other BDCs
BDC schedule of investments
$18.2M
Occurred
Dec 31, 2025
Marked down across lenders
Help term loan: marked from 97 to 85 cents on cost across 3 lender(s)
BDC schedule of investments
$26.2M
Occurred
Dec 31, 2025
Maturity extended
Help term loan: maturity moved from 2026-11-30 to 2029-05-21
BDC schedule of investments
$26.2M
Occurred
Dec 31, 2025
Coupon changed
Help term loan: spread moved from 4.10% to 6.10%
BDC schedule of investments
$26.2M
Occurred
Dec 31, 2025
Maturity extended
Help term loan: maturity moved from 2027-11-19 to 2029-05-21
BDC schedule of investments
$95.3M
Occurred
Dec 31, 2025
PIK interest added
Help term loan: PIK interest of 9.00% appears (was cash pay)
BDC schedule of investments
$95.3M
Occurred
Dec 31, 2025
Coupon changed
Help term loan: spread moved from 6.75% to 9.00%
BDC schedule of investments
$95.3M
Occurred
Dec 31, 2025
PIK interest added
PROSPECT CAPITAL CORP: pik added in Help (0.00% to 9.00%)
BDC schedule of investmentsobserved 7 months ago
0.09 usd
Occurred
Dec 31, 2025
Maturity extended
Morgan Stanley Direct Lending Fund: maturity extended in Help (2027-11-19 to 2029-05-21)
BDC schedule of investmentsobserved 1 months ago
Occurred
Dec 31, 2025
Maturity extended
PROSPECT CAPITAL CORP: maturity extended in Help (2027-11-19 to 2029-05-19)
BDC schedule of investmentsobserved 7 months ago
Occurred
Dec 31, 2025
Maturity extended
Palmer Square Capital BDC Inc.: maturity extended in Help (2026-11-19 to 2029-05-21)
BDC schedule of investmentsobserved 6 months ago
Occurred
Dec 31, 2025
Spread increased
PennantPark Floating Rate Capital Ltd.: spread increased in Help (4.10% to 6.10%)
BDC schedule of investmentsobserved 7 months ago
0.061 usd
Occurred
Dec 31, 2025
Spread increased
Morgan Stanley Direct Lending Fund: spread increased in Help (6.75% to 9.00%)
BDC schedule of investmentsobserved 1 months ago
0.09 usd
Occurred
Dec 31, 2025
Maturity extended
Palmer Square Capital BDC Inc.: maturity extended in Help (2027-11-19 to 2029-05-21)
BDC schedule of investmentsobserved 6 months ago
Occurred
Dec 31, 2025
PIK interest added
Palmer Square Capital BDC Inc.: pik added in Help (0.00% to 9.00%)
BDC schedule of investmentsobserved 6 months ago
0.09 usd
Occurred
Dec 31, 2025
BDC left a facility
New Mountain Private Credit Fund no longer holds Help term loan after 2025-12-31; 1 BDC(s) still hold it
BDC schedule of investments
$19.9M

Show 14 bookkeeping events

Occurred
Jun 30, 2026
PennantPark Floating Rate Capital Ltd.: position exited in Help ($2.0M principal)
Occurred
Jun 30, 2026
Morgan Stanley Direct Lending Fund: new position in Help ($18.6M principal)
Occurred
Jun 30, 2026
Morgan Stanley Direct Lending Fund: position exited in Help ($18.2M principal)
Occurred
Mar 31, 2026
Palmer Square Capital BDC Inc.: principal decreased in Help ($4.9M principal)
Occurred
Mar 31, 2026
Morgan Stanley Direct Lending Fund: new position in Help ($18.2M principal)
Occurred
Mar 31, 2026
Palmer Square Capital BDC Inc.: principal decreased in Help ($3.8M principal)
Occurred
Mar 31, 2026
New Mountain Private Credit Fund: position exited in Help ($19.9M principal)
Occurred
Mar 31, 2026
Morgan Stanley Direct Lending Fund: position exited in Help ($17.8M principal)
Occurred
Dec 31, 2025
ARES CAPITAL CORP: position exited in Help
Occurred
Dec 31, 2025
New Mountain Private Credit Fund: new position in Help ($19.9M principal)
Occurred
Dec 31, 2025
PennantPark Floating Rate Capital Ltd.: principal decreased in Help ($1.4M principal)
Occurred
Dec 31, 2025
New Mountain Private Credit Fund: new position in Help ($19.9M principal)
Occurred
Dec 31, 2025
Oxford Square Capital Corp.: position exited in Help ($8.0M principal)
Occurred
Dec 31, 2025
Palmer Square Capital BDC Inc.: principal increased in Help ($7.5M principal)

Provenance

Graph: Private Credit
Canonical id: dfx:pc:e59071ba-c2d9-81e3-e1d0-a01dd94ebf1a
First observed: Oct 14, 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.

Help

Private Credit

Search this name across graphsid dfx:pc:e59071ba-c2d9-81e3-e1d0-a01dd94ebf1a

Kind

Lien

Size, lower bound

Fair value

Maturity

Maturity basis

Spread

PIK

Lenders

BDCs

Status

Last seen

Term loan

Second lien

$99.7M

$77.2M

May 21, 2029

Html schedule

n/a

Unknown

Jun 30, 2026

Term loan

First lien

$4.8M

$3.7M

May 21, 2029

Xbrl fact

n/a

Unknown

Jun 30, 2026

revolver

First lien

$2.1M

$1.9M

Aug 1, 2026

Html schedule

n/a

Unknown

Mar 31, 2025

other

unknown

n/a

Unknown

Sep 30, 2025

BDC

Pieces

Principal

Fair value

Unfunded

Nearest maturity

As of

PROSPECT CAPITAL CORP

$56.3M

$46.5M

May 19, 2029

Jun 30, 2026

New Mountain Private Credit Fund

$20.9M

$12.9M

May 1, 2029

Jun 30, 2026

Morgan Stanley Direct Lending Fund

$18.6M

$15.9M

May 21, 2029

Jun 30, 2026

New Mountain Finance Corp

$17.1M

$13.0M

May 1, 2029

Jun 30, 2026

Palmer Square Capital BDC Inc.

$8.8M

$5.6M

May 21, 2029

Jun 30, 2026