DFX Intelligence
Private Credit Intelligence
The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.
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BDC portfolio
B•••••••• T•• C•••••• C••••
Fair value
$1.3B
as of Jun 30, 2026
Principal held
$1.3B
debt pieces, the filer's figure
Cost
$1.4B
92c on cost
Unfunded
n/a
commitments not yet drawn
Positions
349
170 borrowers
First lien
84%
92% debt by fair value
Quarters on the tape
16
since Dec 31, 2021
Facilities held
278
25 sponsors financed
Portfolio through time
Fair value by quarter end$1.3B as of Jun 30, 2026
Dec 31, 2021$405M then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $1.3B | 170 | 94c | 51 | 573 bp |
| Mar 31, 2026 | $1.4B | 170 | 93c | 49 | 576 bp |
| Dec 31, 2025 | $1.6B | 178 | 94c | 46 | 590 bp |
| Sep 30, 2025 | $1.8B | 187 | 99c | 53 | 596 bp |
| Jun 30, 2025 | $1.8B | 185 | 95c | 55 | 616 bp |
| Mar 31, 2025 | $9.0B | 173 | 93c | 68 | 630 bp |
| Dec 31, 2024 | $7.8B | 190 | 97c | 76 | 646 bp |
| Sep 30, 2024 | $9.7B | 183 | 93c | 53 | 661 bp |
| Jun 30, 2024 | $7.8B | 189 | 92c | 48 | 685 bp |
| Mar 31, 2024 | $8.2B | 184 | 95c | 46 | 692 bp |
| Dec 31, 2023 | $8.4B | 174 | 101c | 49 | 700 bp |
| Sep 30, 2023 | $6.3B | 170 | 95c | 43 | 695 bp |
| Jun 30, 2023 | $6.5B | 172 | 95c | 38 | 696 bp |
| Mar 31, 2023 | $6.6B | 173 | 96c | 37 | 693 bp |
| Dec 31, 2022 | $7.1B | 169 | 101c | 32 | 689 bp |
| Dec 31, 2021 | $405M | 10 | n/a | 0 | n/a |
Each quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
Counted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.
What changed
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Spread increasedJun 30, 2026
Largest facilities held, with co-lenders
- D•••• I•• first lien delayed draw term loan1 BDC hold it · matures Aug 19, 2028$64.6M 100c
- 3••• S••••• C•••••• P••••••• H•••••••• L•• notes1 BDC hold it · matures Nov 30, 2030$59.8M 100c
- M••••• T••••••••• I•• first lien term loan4 BDCs hold it · matures Apr 8, 2027$55.0M 100c
- P••• Q••••••••• T••••••• L•• first lien term loan2 BDCs hold it · matures Feb 8, 2027$39.6M 100c
- J••••••••• U••• I•• first lien term loan4 BDCs hold it · matures Oct 13, 2028$37.7M 89c
- S•••• H••••••• L••••••••• first lien delayed draw term loan6 BDCs hold it · matures May 23, 2031$34.7M 100c
- G••••• B••••••• F•••••• C•••••• unsecured or subordinated subordinated debt2 BDCs hold it · matures Aug 3, 2026$34.6M 1c
- E•• S••••••••• I•• first lien term loan5 BDCs hold it · matures May 3, 2027$32.2M 99c
- J••••••••• U••• I•• first lien delayed draw term loan3 BDCs hold it · matures Oct 15, 2028$29.8M 112c
- E•••••• W••• A••••••••• C••••••• L•• first lien term loan13 BDCs hold it · matures Apr 10, 2031$28.1M 99c
- S•• E•••• B•••• L•• first lien term loan2 BDCs hold it · matures May 9, 2028$28.0M 91c
- I••••••• C••••••• H••••••• L•• second lien term loan2 BDCs hold it · matures Dec 20, 2029$27.9M 0c
Schedule of investments at Jun 30, 2026
349 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| A•••••••• H•••••••• L•• Sr S•••••• Insurance | revolver lien unstated | $185,623 | $181,910 99c | SOFR+500 bp | Aug 31, 2028 |
| S••••• C••••••••• L•• | delayed draw term loan first lien | n/a | $161,959 | SOFR+600 bp | Mar 29, 2030 |
| S••••• C••••••••• L•• I••••••• Software and S••••••s | delayed draw term loan first lien | $161,959 | $161,959 100c | SOFR+600 bp | Mar 29, 2030 |
| S••••• C••••••••• L•• I••••••• Software and S••••••s | preferred equity equity | n/a | $157,424 109c | ||
| D•••• I••. I••••••• Software and S••••••s | equity equity | n/a | $155,849 10c | ||
| Sonny’s E•••••••••, LLC Sr S•••••• Machinery | revolver lien unstated | $142,033 | $134,766 98c | SOFR+565 bp | Aug 5, 2028 |
| L• A••••• H•••••••• L•• (Ardurra) Sr S•••••• Construction and Engineering | revolver lien unstated | $134,608 | $130,121 97c | SOFR+475 bp | Feb 1, 2029 |
| P•••••••••, Inc. I••••••• Software and S••••••s | term loan first lien | $10.7M | $128,308 1c | 11.14% PIK 7.50% | Aug 22, 2029 |
| G••••• B••••••• F•••••• C•••••• D••••••••• Financial S••••••s | subordinated debt unsecured or subordinated | $34.6M | $127,490 1c | LIBOR+1100 bp | Aug 3, 2026 |
| G••••• B••••••• F•••••• C•••••• | term loan first lien | n/a | $127,489 | SOFR+1100 bp | Jun 3, 2026 |
| Z••••••• I••••••••• Software | delayed draw term loan first lien | $655,296 | $117,953 18c | SOFR+810 bp | Dec 21, 2027 |
| S•••••• P•••••• L•• (Sumo Logic) Sr S•••••• IT S••••••s | revolver lien unstated | $167,513 | $96,320 63c | SOFR+650 bp | May 12, 2030 |
| C•••••••• P••••• LLC (Lexitas) Professional S••••••s | delayed draw term loan first lien | $99,579 | $93,949 103c | SOFR+500 bp | Apr 15, 2031 |
| V••••• C••••••••• L•• Sr S•••••• Construction and Engineering | revolver lien unstated | $93,479 | $93,010 100c | SOFR+500 bp | Sep 4, 2029 |
| S••••••••• M•••• M•••• L•• M•••• | term loan first lien | $297,490 | $74,963 28c | 10.49% PIK 6.76% | Mar 31, 2029 |
| U••••••••• I••. Electric Utilities | preferred equity equity | n/a | $73,916 15c | ||
| S••••••••• M•••• M•••• L•• M•••• | delayed draw term loan first lien | $61,337 | $61,337 100c | 9.49% | Mar 31, 2029 |
| C•••••••• M••••• Sub D••• LLC (CINC Systems) Sr S•••••• Real Estate Management and Development | revolver lien unstated | $57,142 | $53,899 102c | SOFR+525 bp | Jan 18, 2030 |
| Z••••••• I••••••••• S• S•••••• Software | revolver lien unstated | $296,296 | $53,333 18c | SOFR+810 bp | Dec 21, 2027 |
| F••••••••• L•••• I••. I••••••• Software and S••••••s | preferred equity equity | n/a | $52,990 10c | ||
| U••••••••• I••. Electric Utilities | preferred equity equity | n/a | $51,480 34c | ||
| W••••••••• G•••• L•••••• (United Kingdom) D••••••••• Financial S••••••s | warrants equity | n/a | $47,580 170c | Feb 11, 2031 | |
| F••••• Holding Corp. (Finalsite) Sr S•••••• D••••••••• C••••••• S••••••s | revolver lien unstated | $82,982 | $45,270 57c | SOFR+625 bp | Sep 15, 2028 |
| A••••••• A•• Q••••••• I••. Sr S•••••• Professional S••••••s | revolver lien unstated | $130,772 | $44,462 35c | SOFR+600 bp | Oct 24, 2029 |
| I••••••• a•• C•••••• R••••• S••••••• L•• Sr S•••••• | revolver lien unstated | $56,872 | $40,877 87c | SOFR+500 bp | Sep 2, 2032 |
| F••••••• I•• Software | term loan first lien | $42,696 | $39,067 92c | SOFR+675 bp | Jul 13, 2027 |
| S••••••••• M•••• M•••• L•• S• S•••••• M•••• | revolver lien unstated | $45,903 | $38,879 85c | 9.49% PIK 5.76% | Mar 31, 2029 |
| K••••••••• B••••••••• S••••••s, LLC Commercial S••••••s & Supplies | term loan first lien | $706,975 | $32,521 7c | 11.81% PIK 8.15% | Nov 7, 2026 |
| R••••••••• C••••••••• (G••••••) I••••••• Software and S••••••s | preferred equity equity | n/a | $30,604 15c | ||
| J••••••••• U••• I••. (United Kingdom) F3 Professional S••••••s | preferred equity equity | n/a | $26,477 | ||
| A•••• B•••• I••••••••• L•• (DentalCorp) (Canada) H•••••care Providers and S••••••s | delayed draw term loan first lien | $74,286 | $17,707 91c | //tcpcapital.com/20260630#Canadian Overnight Repo Rate Average+500 bp | Jan 14, 2033 |
| Q••••• I••. M•••• | preferred equity equity | n/a | $16,616 25c | ||
| R•• B•••• I••. Construction and Engineering | delayed draw term loan first lien | $0 | $15,600 242c | SOFR+475 bp | Jul 31, 2031 |
| G•• A••••• A••••••••• C••• ••••••• Software | delayed draw term loan first lien | $0 | $14,286 -54c | SOFR+500 bp | Mar 10, 2031 |
| A•••• B•••• I••••••••• L•• (DentalCorp) (Canada) Sr S•••••• H•••••care Providers and S••••••s | revolver lien unstated | $55,252 | $10,422 66c | //tcpcapital.com/20260630#Canadian Overnight Repo Rate Average+500 bp | Jan 14, 2033 |
| Z••••• A••••••••• LLC Aerospace & Defense | delayed draw term loan first lien | $10,686 | $7,913 78c | SOFR+450 bp | Jan 13, 2033 |
| L•••• US B••••••, LLC (Global Payments) Sr S•••••• C••••••• Finance | revolver lien unstated | $5,219 | $5,073 98c | 11.92% PIK 8.25% | Mar 30, 2029 |
| U••••••••• I••. Electric Utilities | equity equity | n/a | $4,259 2c | ||
| D•••• S• (G••••••) Software | delayed draw term loan first lien | $0 | $2,906 205c | SOFR+500 bp | Jun 26, 2030 |
| D•••••• I••. Software | delayed draw term loan first lien | $0 | $2,203 -34c | SOFR+525 bp | Jun 30, 2030 |
| G••• O••••• I••••••••• I••. Software | warrants equity | n/a | $2,108 386c | May 6, 2032 | |
| S••••••••• C••••••••• L•• Hotels, Restaurants and Leisure | delayed draw term loan first lien | $0 | $1,935 -163c | SOFR+500 bp | May 16, 2031 |
| D••••••••• C••••••• S•••••• V••••• H••••••• 2• S•• r•• (G••••••) | preferred equity equity | n/a | $486 0c | ||
| I••••••• C••••••• H••••••• L•• (Razor) D••••••••• C••••••• S••••••s | preferred equity equity | n/a | $413 | ||
| T••••••••• H•••••••• L•• Series B-1 D••••••••• C••••••• S••••••s | equity equity | n/a | $179 0c | ||
| T••••••••• H•••••••• L•• Series B-2 D••••••••• C••••••• S••••••s | equity equity | n/a | $179 0c | ||
| I••••••• C••••••• H••••••• L•• (Razor) D••••••••• C••••••• S••••••s | preferred equity equity | n/a | $102 | ||
| S••••• C••••••••• L•• I••••••• Software and S••••••s | equity equity | n/a | $68 100c | ||
| P•••••••••, Inc. I••••••• Software and S••••••s | equity equity | n/a | $29 0c | ||
| W••••••••• G•••• L•••••• (United Kingdom) D••••••••• Financial S••••••s | warrants equity | n/a | $25 41c | ||
| T••••••••• I••. Software | preferred equity equity | n/a | $17 0c | ||
| H•••• Global LLC Construction & Engineering | equity equity | n/a | $7 0c | ||
| F•••••• (SVC), LLC IT S••••••s | preferred equity equity | n/a | $7 0c | ||
| F•••••••• I••. I••••••• Software and S••••••s | preferred equity equity | n/a | $5 100c | ||
| A• A••••••••• A••••••••• L•• Automobiles | equity equity | n/a | $5 | ||
| T•••••••• L•• D••••••••• C••••••• S••••••s | equity equity | n/a | $3 | ||
| S•••••• G•••••• G••• & Co. KG (G••••••) D••••••••• C••••••• S••••••s | equity equity | n/a | $2 0c | ||
| S•••••• G•••••• G••• & Co. KG (G••••••) D••••••••• C••••••• S••••••s | equity equity | n/a | $2 0c | ||
| K••••••••• B••••••••• S••••••s, LLC Commercial S••••••s & Supplies | preferred equity equity | n/a | $2 0c | ||
| B• H••••••• I••. (Brook & Whittle) Containers & Packaging | term loan first lien | $19.9M | $2 0c | 12.89% PIK 9.25% | Mar 14, 2029 |
| I••••••• C••••••• H••••••• L•• (Razor) D••••••••• C••••••• S••••••s | term loan second lien | $23.0M | $2 0c | Dec 20, 2029 | |
| I••••••• C••••••• H••••••• L•• (Razor) D••••••••• C••••••• S••••••s | equity equity | n/a | $2 | ||
| K••••••••• B••••••••• S••••••s, LLC Commercial S••••••s & Supplies | equity equity | n/a | $2 | ||
| S•••••• G•••••• G••• & Co. KG (G••••••) D••••••••• C••••••• S••••••s | equity equity | n/a | $2 0c | ||
| S•••••• G•••••• G••• & Co. KG (G••••••) D••••••••• C••••••• S••••••s | equity equity | n/a | $2 0c | ||
| K•••••• L•• (Lithium) M•••• | preferred equity equity | n/a | $1 0c | ||
| S••••••••• C••••••••• L•• Sr S•••••• Hotels, Restaurants and Leisure | revolver lien unstated | $0 | $0 0c | SOFR+500 bp | May 16, 2030 |
| S••••• H••••••• Household Durables | unstated lien unstated | n/a | $0 | ||
| A•••••• H•••••• L•• (PatientPing) Sr S•••••• H••••• Care Technology | revolver lien unstated | $0 | $0 0c | SOFR+485 bp | May 6, 2027 |
| B•••••• H••••••• L•• (Allvue) Sr S•••••• Software | revolver lien unstated | $0 | $-0 0c | SOFR+425 bp | Sep 12, 2029 |
| E•• P••••• H••••••• I••. (The Difference Card) Sr S•••••• Insurance | revolver lien unstated | $0 | $-0 0c | SOFR+500 bp | Jul 1, 2032 |
| G•••••• B•••• I••. (Layerzero) Sr S•••••• Electrical Equipment | revolver lien unstated | $0 | $-0 0c | SOFR+500 bp | Jul 31, 2031 |
| G••••• B••••••• F•••••• C•••••• D••••••••• Financial S••••••s | equity equity | n/a | $0 | ||
| I•••• P••••• H••••••• L•• (InMoment) I••••••• Software and S••••••s | equity equity | n/a | $0 | ||
| 4•••••• I••••••••• H•••••••• I••. Paper and Forest Products | equity equity | n/a | $0 | ||
| F•••••••• I••. | term loan first lien | n/a | $0 | SOFR+500 bp | May 27, 2027 |
| R•• B•••• I••• S• S•••••• Construction and Engineering | revolver lien unstated | $0 | $0 0c | SOFR+475 bp | Jul 31, 2031 |
| I••••••• C••••••• H••••••• L•• (Razor) D••••••••• C••••••• S••••••s | term loan second lien | $3.4M | $0 0c | Dec 20, 2029 | |
| A••••••••• L•• | term loan second lien | n/a | $0 | SOFR+940 bp | Mar 31, 2029 |
| G•••••• B•••• I••. (Layerzero) Electrical Equipment | delayed draw term loan first lien | $0 | $0 0c | SOFR+500 bp | Jul 31, 2031 |
| E•• P••••• H••••••• I••. (The Difference Card) Insurance | delayed draw term loan first lien | $0 | $-0 0c | SOFR+500 bp | Jul 1, 2032 |
| I••••••• C••••••• H••••••• L•• (Razor) D••••••••• C••••••• S••••••s | term loan second lien | $1.5M | $0 0c | Dec 20, 2029 | |
| G••••• B••••••• F•••••• C•••••• D••••••••• Financial S••••••s | preferred equity equity | n/a | $0 | ||
| S••••••••• M•••• Holdings LLC M•••• | equity equity | n/a | $0 0c | ||
| M•• P••••• C••••••••• H••••• Care Technology | delayed draw term loan first lien | $0 | $-519 109c | SOFR+450 bp | Jun 9, 2032 |
| M•• P••••• C••••••••• S• S•••••• H••••• Care Technology | revolver lien unstated | $0 | $-519 55c | SOFR+450 bp | Jun 9, 2032 |
| O••••• A•••••••• Inc (Onestream Inc) Sr S•••••• Software | revolver lien unstated | $0 | $-889 110c | 8.69% PIK 2.68% | Apr 1, 2033 |
| H••••••• A••••••••• L•• (MOREgroup) Sr S•••••• Professional S••••••s | revolver lien unstated | $0 | $-968 61c | SOFR+525 bp | Jan 16, 2030 |
| A••••••• C•••••• T••••••••• I••• S• S•••••• Machinery | revolver lien unstated | $0 | $-982 122c | SOFR+450 bp | May 19, 2033 |
| P••••• H••••• I••••••••• H••••••• I•• S• S•••••• H•••••care Providers and S••••••s | revolver lien unstated | $0 | $-1,016 142c | SOFR+500 bp | Jun 1, 2029 |
| Z••••• A••••••••• L•• S• S•••••• Aerospace & Defense | revolver lien unstated | $0 | $-1,035 258c | SOFR+450 bp | Jan 13, 2033 |
| S•• A•••••• H••••••• L•• S• S•••••• Capital Markets | revolver lien unstated | $0 | $-1,304 108c | SOFR+475 bp | Jan 14, 2032 |
| L••••••••• I••• S• S•••••• Software | revolver lien unstated | $0 | $-1,827 373c | SOFR+550 bp | Nov 19, 2031 |
| C•••••••• P••••• LLC (Lexitas) Sr S•••••• Professional S••••••s | revolver lien unstated | $0 | $-1,877 68c | SOFR+500 bp | Apr 15, 2031 |
| O••••• A•••••••• Inc (Onestream Inc) Software | delayed draw term loan first lien | $0 | $-2,133 221c | 8.69% PIK 2.68% | Apr 1, 2033 |
| O•• F•••••• L•• D••••••••• Financial S••••••s | delayed draw term loan first lien | $0 | $-2,667 122c | SOFR+450 bp | Dec 2, 2032 |
| F••••••• I•• Sr S•••••• Software | revolver lien unstated | $0 | $-3,283 1954c | SOFR+675 bp | Jul 13, 2027 |
| B•••••••• B•••• Inc. (Archway) Sr S•••••• D••••••••• Financial S••••••s | revolver lien unstated | $0 | $-3,400 203c | SOFR+525 bp | Jun 30, 2031 |
| M•••••••• L•• (Pueblo) Sr S•••••• Commercial S••••••s & Supplies | revolver lien unstated | $0 | $-3,479 83c | SOFR+525 bp | Aug 23, 2027 |
| B••••• B••••• I••. (Netherlands) Sr S•••••• I••••••• Software and S••••••s | revolver lien unstated | $0 | $-3,513 102c | SOFR+600 bp | Jan 26, 2029 |
Registration
- Fiscal year end
- 1231reported
- Incorporated
- DEreported
- On the SEC BDC report
- 2013 to 2026reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Former names
- TCP Capital Corp.; Special Value Continuation Fund, LLCreported
- Latest schedule
- 0001193125-26-336794reported