Consensus lender mark moved from 34 to 22 cents on cost at 2023-06-30, the 3th consecutive quarter the screen fired

Why now: State INTENSIFIED at the 2023-06-30 quarter end, readable when the filing landed on 2023-08-09.

Buyer classes for this family: Private credit lenders, PE sponsors, Special situations funds, Restructuring advisers, LPs and allocators.

funded debt at cost held by BDC lenders

$34.0M known

basis KNOWN

State

Intensified

Historical signal

2.53x subsequent non accrual rate vs population

median 138 days of warning

Lenders

3

Sponsor

Trive Capital Management LLC

Confidence

0.90

3 BDC lender(s) hold $34M of funded debt at cost; sponsor Trive Capital Management LLC through the 40-of-40 name bridge. Borrowers this screen flags reached non-accrual at 2.53x the population rate within a year, median warning 138 days (stage-6 harness, non-accrual outcome). Non-accrual is the lender's own determination, not a court's: this is a mark signal, not a default prediction.

DFX product: Credit Attention / portfolio monitor

• Henry Han-Wei Wang · Executive Officer · SIERRA CREST INVESTMENT MANAGEMENT LLC
• Edward Joseph Goldthorpe · Executive Officer · SIERRA CREST INVESTMENT MANAGEMENT LLC
• Matthias Ederer · Executive Officer · SIERRA CREST INVESTMENT MANAGEMENT LLC