The intelligence graph connecting private capital, companies and real assets. Public records ingested on their own cadence, resolved to one identity by shared identifier, connected by typed relationships with a date and a source on every edge, and read by detectors that say what changed and what it means. Facts, derived metrics, signals, anomalies and inferences are labelled as such.
The capital structure layer: every business development company's schedule of investments since 2020 read from Inline XBRL (184 BDCs tagged, 885,425 positions over 31 quarter ends), grouped into 25,951 borrowers and 39,738 facilities by borrower, kind and lien; the 1,998 credit providers and 11,606 credit funds behind them from Form ADV; sponsor attributions where a deal party, a portfolio stem or a Form D signer names one; and 392,112 dated events on positions, facilities, maturities and sponsor x lender relationships.
Data as of , computed by the private credit graph's statistics view from sec bdc filings; sec form adv; deal parties; pending. Sources refresh on their own cadence: EDGAR daily; ADV weekly; sponsor tapes daily.
The private credit product pages are an open pull request (DFXIntel #723). Until they merge, this Data Factory page and the entity pages under it are the canonical pages for a private credit entity.
BDC schedules are read in full since 2020; the private credit that never touches a BDC (bank books, insurance balance sheets, unlisted credit funds) is on the graph only where a deal party names it, so borrower and facility counts are floors and facility sizes are lower bounds.
Credit providers: pc_pub_stats headline.credit_providers: advisers and platforms that manage a BDC or a Form ADV credit fund. BDCs: pc_pub_stats headline.bdcs: business development companies on the SEC BDC report in the last two years or with a tagged schedule inside 15 months; 184 have XBRL schedules read. Borrowers: pc_pub_stats headline.borrowers: borrower groups with a position on the latest schedule of at least one BDC (25,951 ever). Principal held: pc_pub_stats headline.principal_held_latest: the sum of principal on every BDC's latest schedule; each BDC files its own piece, so a facility's size is the sum of the pieces the tape can see and never the whole. Facilities held: pc_pub_stats headline.facilities_held: facilities with a position on a current schedule (39,738 ever). Maturing inside 24 months: pc_pub_stats headline.maturity_wall_24m: principal on facilities whose tagged maturity falls inside 24 months; maturity is tagged on about 40% of debt rows, so this is a floor. Sponsor x lender pairs: pc_pub_stats headline.sponsor_lender_pairs: a sponsor and a lender that share at least one borrower, the sponsor attributed by a deal party, a portfolio stem or a Form D signer. Dated events: pc_pub_stats headline.events: rows of pc_pub_event. Relationships: df_graph_totals.relationships for graph pc: rows of pc_pub_relationship. Sources: df_graph_totals.sources for graph pc: enabled rows of pc_pub_source. Cadence: EDGAR daily; ADV weekly; sponsor tapes daily.
A facility is one borrower group, one kind and one lien; tranches merge. Each BDC files its own piece, so sizes are sums of the pieces the tape sees, lower bounds, never the facility's whole.
Maturity comes from the tagged XBRL fact only (about 40% of debt rows); a facility without a tag has no maturity, not a guessed one.
Non-accrual is a footnote, not a tag, and is unpublished until the 10-K text read lands.
A sponsor attribution carries its basis: a deal party is a fact; a portfolio-name stem or a Form D signer consensus is an inference and is labelled so.
Position-grain events (a position opened, increased, decreased or exited on one BDC) are routine and stay off the market feed; facility, maturity and sponsor x lender events are the signal.
Stated limits
The product pages under /private-credit are an open pull request; until they merge the Data Factory entity page is the canonical page for a private credit entity.
Sponsor attribution covers about 7% of borrowers.
Two BDCs (Ares Capital, Blue Owl) tag no maturities; their HTML schedules are the next source.
The 2026 SEC BDC report omits Ares Capital; active status is read from the last two reports and the tagged schedules.
The largest credit providers by fair value on their BDCs' schedules
the sum of fair value across each provider's BDCs on their latest schedules, as filed; the credit those providers hold outside a BDC is not on this tape
Read with care: Only the BDCs whose schedules are tagged in Inline XBRL are here (184 of the 814- universe), so the total is of the tape and not of the industry. The last one or two quarters are partial while filings arrive.
Facilities first seen by quarter and lien
Population: pc_pub_facility rows by the quarter of the first schedule that carried them, grouped by lien
Derivation: count of facilities grouped by quarter of first_observed_as_of and lien
Read with care: First seen on a BDC schedule, not originated: a facility already outstanding when its lender first tagged a schedule enters at that quarter. The tape begins in 2020 and the first quarters are a backlog, not a market.
Series computed at a time not yet recorded; every point is a count or a sum over published rows, never an estimate.
859 debt facilities held by two or more BDCs mature between 2026-09-22 and 2028-03-17, $24.9B of visible principal across 563 borrowers. Largest: MRI Software LLC $1.1B across 4 facilities, next 2028-02-10, 35 lenders; Corfin Holdings, Inc $432M across 1 facility, next 2027-12-27, 2 lenders; Material Holdings, LLC $397M across 2 facilities, next 2027-08-19, 4 lenders; Acquia Inc $389M across 2 facilities, next 2026-11-01, 11 lenders; Gaylord Chemical Company $377M across 1 facility, next 2027-12-01, 4 lenders; Mode Purchaser, Inc $335M across 1 facility, next 2027-12-09, 2 lenders.
Of 2,240 new sponsor and lender pairs on the tape in the window, 64 carry a sponsor a document named on the deal; the other 2,176 rest on the Form D signer consensus or a portfolio-name carry and are not counted here. The stated ones: SOUND POINT CAPITAL MANAGEMENT, LP on Greenbelt Capital Partners (1 borrower, $17M held); Cyprium Partners on Salt Creek Capital (1 borrower, undisclosed held); APOGEM CAPITAL LLC on Vance Street Capital LLC (1 borrower, undisclosed held); Tecum Capital on Glen Oaks Capital (1 borrower, undisclosed held); Abacus Finance Group on Longuevue Management Company LLC (1 borrower, undisclosed held); Origin Bank on Longuevue Capital (1 borrower, undisclosed held).
At the 2026-06-30 quarter end, 439 facilities were marked down by five points or more to below 95 cents on cost, 179 of them by two or more BDC lenders at once, across 360 borrowers, with a mean fall of 17.1 points. Largest by visible principal: Trucordia Insurance Holdings, LLC term_loan marked 98 to 91 cents across 4 lenders ($511M held); Cornerstone OnDemand, Inc term_loan marked 73 to 62 cents across 6 lenders ($509M held); BVI Medical, Inc term_loan marked 95 to 87 cents across 5 lenders ($388M held); Pluralsight, LLC term_loan marked 60 to 48 cents across 14 lenders ($351M held); Storable, Inc term_loan marked 96 to 89 cents across 3 lenders ($280M held); Medallia, Inc term_loan marked 66 to 41 cents across 3 lenders ($277M held).
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Every row on this page carries its source and its date. The methodology says what is measured, what is inferred, and what DFX does not claim. The Data Factory is this and eight other graphs, joined.