Consensus lender mark moved from 95 to 90 cents on cost at 2025-09-30

Why now: State NEW at the 2025-09-30 quarter end, readable when the filing landed on 2025-11-14.

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

$19.0M known

basis KNOWN

State

New

Historical signal

2.38x subsequent non accrual rate vs population

median 139 days of warning

Lenders

4

Confidence

0.90

4 BDC lender(s) hold $19M of funded debt at cost; no sponsor bridged. Borrowers this screen flags reached non-accrual at 2.38x the population rate within a year, median warning 139.0 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

• Albert Rabil · Chief Executive Officer of Manager · KA CREDIT ADVISORS II, LLC
• Richard Alan Kayne · Owner, President and Director · KA CREDIT ADVISORS II, LLC
• Bennett Rosenthal · Vice President · ARES CAPITAL MANAGEMENT LLC
• Antony Peter Ressler · Limited Partner · ARES CAPITAL MANAGEMENT LLC