••• Locked

S•• P•••••••• L•• · sponsor

an interpretation that rests on a candidate-grade link and is labelled so

Happened 2026-06-30First seen 2026-09-15

disclosed amount: $124M
Confidence: 60%
Parties affected: 2

What changed

M•• I••••••••• C•••• finances a first S•• P•••••••• L•• borrower (1 borrower, 2 facilities held)

Why now: Dated 2026-06-30 (filing); first seen by DFX 2026-09-15.

Who this matters to

only relationships the graph supports

Primary

STG Partners, LLC$124Mfavourable
financed the sponsor's borrower for the first time. a new sponsor relationship · DFX signal history · Jun 30, 2026

Secondary

MSD Investment Corp.$124Mfavourable
the sponsor now financed by a new lender. a new capital source · DFX signal history · Jun 30, 2026

Counterparties

Private credit lenders (class)adverse
incumbent lenders to that sponsor. share of the sponsor's wallet moved · class level, no firm named

Buyer classes for this family: Private credit lenders, PE sponsors, Placement agents.

Economic footprint

probability and consequence kept apart

disclosed amount: $124M known
State: New
Historical signal: not measured as a predictor
Lenders: 1
Sponsor: MSD Investment Corp.
Confidence: 60%

Why it matters

a credit manager financing a sponsor's borrower for the first time is a dated origination relationship both sides trade on. Amount $124M. Evidence class: inference; source BDC schedules of investments (Inline XBRL, InvestmentIdentifierAxis).

What would make this wrong

the relationship predates the tape's coverage

What to do next

workflow actions, never advice

View sponsor View lenders Universe: this sponsor's lenders

DFX product: Sponsor coverage map

Evidence

Evidence, method and the rank's parts

Sources

BDC schedules of investments (Inline XBRL, InvestmentIdentifierAxis) · Jun 30, 2026

What would make this less concerning

the relationship predates the tape's coverage

Actionability, eleven dimensions (0 to 5)

novelty5
confidence2
timeliness4
actionability3
affected entities2
economic magnitude3
financing consequence4
portfolio consequence1
commercial consequence4
investment consequence3
fundraising consequence2

Rank 49.5: consequence 4, commercial 4, timeliness 4, novelty 5, confidence 2, magnitude 3, affected 2, actionability 3

Family: sponsor lender relationship · public · computed today

More sponsor coverage map signals

NewInferenceSponsor coverage map

••• Locked

Dated 2026-06-30 (filing); first seen by DFX 2026-09-20.

Exposure: $19B knowndisclosed amount
Who this matters to: Private credit lenders, PE sponsors +1
Historical: not a measured predictor

C••••••••• C••••• A•••••••• L•• · sponsor

Sponsor coverage mapJun 30, 2026 · seen 3 days ago

NewInferenceSponsor coverage map

••• Locked

Dated 2026-06-30 (filing); first seen by DFX 2026-09-21.

Not yet on record: historical lift, median warning.