All intelligence: every actionable signal on the DFX graph

#1IntensifiedSignalPrivate creditCredit deterioration (intensified)

Medallia, Inc: lender marks fell to 51 cents across 8 BDC lenders, second consecutive quarter

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-13.

Exposure: $1.4B knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

HPS Corporate Lending Fund · lender Blackstone Private Credit Fund · lender Apollo Debt Solutions BDC · lender Blackstone Secured Lending Fund · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#2IntensifiedSignalPrivate creditCredit deterioration (intensified)

KnowBe4, Inc: lender marks fell to 78 cents across 8 BDC lenders, second consecutive quarter

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-12.

Exposure: $101M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

New Mountain Finance Corp · lender Oaktree Specialty Lending Corp · lender Blackstone Private Credit Fund · lender Golub Capital Private Credit Fund · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#3IntensifiedSignalPrivate creditCredit deterioration (intensified)

Cornerstone OnDemand, Inc: lender marks fell to 63 cents across 10 BDC lenders, second consecutive quarter

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-12.

Exposure: $664M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

New Mountain Finance Corp · lender Blue Owl Capital Corp · lender Blue Owl Technology Finance Corp. · lender Blackstone Private Credit Fund · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#4IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-14.

Exposure: $200M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

S•••• P•••• C••••• C••• · lender L••• A••••• P•••••• C••••• F••• · lender A•• P•••••• C••••• I••••• F••• · lender L••• A••••• P•••••• C••••• F••• S• · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#5IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-13.

Exposure: $224M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

B•••••• P•••••• C••••• C••• · lender H•• C•••••••• L•••••• F••• · lender B•••••••• P•••••• C••••• F••• · lender O•••••• S•••••••• L•••••• C••• · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#6IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-13.

Exposure: $540M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

B•••••• P•••••• C••••• C••• · lender O•••••• S•••••••• C••••• F••• · lender N•• M••••••• F•••••• C••• · lender F••••••• P•••••• C••••• F••• · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#7IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-12.

Exposure: $129M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

O•••••• S•••••••• C••••• F••• · lender B••• O•• C•••••• C••• · lender B••• O•• T••••••••• F•••••• C•••• · lender O•••••• S•••••••• L•••••• C••• · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#8IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-14.

Exposure: $117M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

B• P••••••• L•••••• C••• · lender N•• M••••••• F•••••• C••• · lender A••• C•••••• C••• · lender G•••• C•••••• P•••••• C••••• F••• · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#9IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-12.

Exposure: $101M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

B• P••••••• L•••••• C••• · lender B••••••••• P•••••• C••••• F••• · lender B•• I••••••••• C••• · lender C•••••• C••••• S••••••••• I••• · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#10IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-13.

Exposure: $61.5M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

B•••••• P•••••• C••••• C••• · lender N•• M••••••• F•••••• C••• · lender N•• M••••••• G••••••• I• I••••• F•••• L••••• · lender C••••••• C•••••• B••• I••• · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#11IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-13.

Exposure: $19.7M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

B•••••••• P•••••• C••••• F••• · lender S••••• C•••• C•••••• C••• · lender T• R••• P•••• O•• S••••• P•••••• C••••• F••• · lender C••••••• D••••••• • R•••• L•• · sponsor

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#12IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-12.

Exposure: $46.0M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

N•• M••••••• F•••••• C••• · lender B••••••••• P•••••• C••••• F••• · lender P••••• S••••• C•••••• B•• I••• · lender V•••• C••••• S•••••••• L•••••• C•••• · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#13IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-10.

Exposure: $36.5M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

A•••• C••••• B•• I••• · lender B••• O•• C•••••• C••• · lender P••••••••• F••••••• R••• C•••••• L••• · lender B••• O•• C••••• I••••• C•••• · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#14IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-12.

Exposure: $136M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

B••••••••• P•••••• C••••• F••• · lender B••••••••• S•••••• L•••••• F••• · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#15IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-14.

Exposure: $20.3M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

C••••••• C•••••• B••• I••• · lender C••••••• P•••••• C••••• I••••• C••• · lender R••••••••• H••••••••• M••••••••• I•• · sponsor A•••••••• C•••••• P••••••• · sponsor

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#16IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-13.

Exposure: $79.7M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

H•• C•••••••• C•••••• S•••••••• F••• · lender H•• C•••••••• L•••••• F••• · lender B•••••••• P•••••• C••••• F••• · lender A•••••• S•••••••• C••••• F••• · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#17IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-07.

Exposure: $142M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

B••• O•• C•••••• C••• · lender B••• O•• C•••••• C••• I• · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#18IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-10.

Exposure: $19.1M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

P••••••••• F••••••• R••• C•••••• L••• · lender P••••••••• I••••••••• C••• · lender M••••••• U• A••••••• L••• · sponsor R•••••• A••••••••• L•• · sponsor

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#19IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-12.

Exposure: $262M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

B••••••••• P•••••• C••••• F••• · lender A••••• D••• S•••••••• B•• · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#20IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-12.

Exposure: $16.1M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

N•• M••••••• F•••••• C••• · lender A••• C•••••• C••• · lender N•• S•• I• I••• · lender N•• M••••••• C••••••• L•• · sponsor

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#21IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-14.

Exposure: $36.3M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

B•••••• P•••••• C••••• C••• · lender S•••• P•••• C••••• C••• · lender F••••••• B•• C•••••• C••• · lender G•••• C•••••• P•••••• C••••• F••• · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#22IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-12.

Exposure: $76.3M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

B••••••••• P•••••• C••••• F••• · lender A••••• D••• S•••••••• B•• · lender C•••••• C••••• S••••••••• I••• · lender C•••••• S•••••• L••••••• I••• · lender

Credit Attention / portfolio monitorJun 30, 2026 · seen 6 days ago

#23IntensifiedSignalCredit deterioration (intensified)

••• Locked

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

Exposure: $115M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

O•••••• S•••••••• C••••• F••• · lender B••• O•• C•••••• C••• · lender B••• O•• T••••••••• F•••••• C•••• · lender O•••••• S•••••••• L•••••• C••• · lender

Credit Attention / portfolio monitorMar 31, 2026 · seen 6 days ago

#24IntensifiedSignalCredit deterioration (intensified)

••• Locked

State INTENSIFIED at the 2026-03-31 quarter end, readable when the filing landed on 2026-05-12.

Exposure: $114M knownfunded debt at cost held by BDC lenders
Who this matters to: Private credit lenders, PE sponsors +3
Historical: 5.89x non accrual, 142d median

B••• O•• C•••••• C••• · lender A••• C•••••• C••• · lender B••• O•• C•••••• C••• I• · lender B••• O•• C••••• I••••• C•••• · lender

Credit Attention / portfolio monitorMar 31, 2026 · seen 6 days ago

Every actionable signal, ranked