Consensus lender mark moved from 101 to 96 cents on cost at 2022-09-30

Why now: State NEW at the 2022-09-30 quarter end, readable when the filing landed on 2022-11-08.

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

$24.9M known

basis KNOWN

State

New

Historical signal

2.38x subsequent non accrual rate vs population

median 139 days of warning

Lenders

5

Sponsor

Lightyear Capital LLC

Confidence

0.90

5 BDC lender(s) hold $25M of funded debt at cost; sponsor Lightyear Capital LLC through the 40-of-40 name bridge. 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

• Peter Edward Kaplan · Portfolio Manager · NEW MOUNTAIN FINANCE ADVISERS, L.L.C.
• Adam Brett Weinstein · Managing Director, Executive Vice President · NEW MOUNTAIN FINANCE ADVISERS, L.L.C.
• Steven Bruce Klinsky · Managing Member · NEW MOUNTAIN FINANCE ADVISERS, L.L.C.
• Thomas James Gahan · Chairman, Chief Investment Officer · FRANKLIN BSP CAPITAL ADVISER LLC
• Bennett Rosenthal · Vice President · ARES CAPITAL MANAGEMENT LLC
• Antony Peter Ressler · Limited Partner · ARES CAPITAL MANAGEMENT LLC