DFX Intelligence
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BDC portfolio
M••• S••••• C•••••• C•••
BDCMAINCIK 1396440file 814-00746HOUSTON, TXinternally managed
Fair value
$6.6B
as of Jun 30, 2026
Principal held
$4.0B
debt pieces, the filer's figure
Cost
$5.0B
133c on cost
Unfunded
$395M
commitments not yet drawn
Positions
824
221 borrowers
First lien
0%
69% debt by fair value
Quarters on the tape
19
since Dec 31, 2021
Facilities held
448
23 sponsors financed
Portfolio through time
Fair value by quarter end$6.6B as of Jun 30, 2026
Dec 31, 2021$8.1B then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $6.6B | 221 | 115c | 123 | 666 bp |
| Mar 31, 2026 | $6.4B | 217 | 112c | 107 | 664 bp |
| Dec 31, 2025 | $6.9B | 230 | 125c | 84 | 659 bp |
| Sep 30, 2025 | $5.6B | 218 | 106c | 101 | 684 bp |
| Jun 30, 2025 | $8.9B | 218 | 153c | 153 | 710 bp |
| Mar 31, 2025 | $11B | 219 | 152c | 148 | 712 bp |
| Dec 31, 2024 | $15B | 237 | 118c | 186 | 717 bp |
| Sep 30, 2024 | $5.4B | 223 | 107c | 94 | 721 bp |
| Jun 30, 2024 | $5.2B | 221 | 108c | 82 | 718 bp |
| Mar 31, 2024 | $4.8B | 222 | 101c | 70 | 715 bp |
| Dec 31, 2023 | $7.9B | 234 | 167c | 66 | 727 bp |
| Sep 30, 2023 | $4.7B | 229 | 106c | 62 | 726 bp |
| Jun 30, 2023 | $4.5B | 225 | 105c | 55 | 721 bp |
| Mar 31, 2023 | $4.5B | 223 | 103c | 60 | 726 bp |
| Dec 31, 2022 | $5.1B | 227 | 118c | 50 | 715 bp |
| Sep 30, 2022 | $6.1B | 219 | 132c | 65 | 752 bp |
| Jun 30, 2022 | $2.1B | 95 | n/a | 14 | 883 bp |
| Mar 31, 2022 | n/a | 96 | n/a | 0 | n/a |
| Dec 31, 2021 | $8.1B | 211 | 111c | 85 | 712 bp |
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
- 2 borrowers $118M
- S•••• C•••••• G••••• L•• carried2 borrowers $47.8M
- C•••••••• P••••••• carried2 borrowers $44.5M
- 1 borrower $94.1M
- B••••••• C•••••• carried1 borrower $57.4M
- C••••••••• C•••••• P••••••• carried1 borrower $43.9M
- W••• P•••• P••••••• carried1 borrower $38.6M
- J•• M••••••••• L••• inferred1 borrower $36.0M
- 1 borrower $29.1M
- S•• P•••••••• L•• carried1 borrower $26.9M
- C••••• P••••••• H•••••••• L•• carried1 borrower $26.1M
- B••• W•••• E••••• L•• carried1 borrower $23.9M
- 1 borrower $21.9M
- A•••••• E••••• P•••••••• L•• carried1 borrower $20.4M
- L•••••• G•••• • P•••••••• L••• carried1 borrower $20.3M
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
- Repeat sponsor and lender pairJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- Marked down (one lender)Jun 30, 2026
Largest facilities held, with co-lenders
- A•••• S••••• L•• term loan2 BDCs hold it · matures Dec 31, 2030$118M 101c
- M•••••• C••••••• G••••• L•• term loan2 BDCs hold it · matures Oct 1, 2030 · E•••••• L••• C•••••• M••••••••• L•••$112M 101c
- B••••• P•••••• G••••• L•• term loan1 BDC hold it · matures Oct 31, 2027$101M 200c
- C••••••• F••• C••••••••• term loan2 BDCs hold it · matures Jun 27, 2029 · I••••••••• O••••••••• P•••••••• L••$94.1M 101c
- Z•• P•••••••• L•• term loan2 BDCs hold it · matures Jun 14, 2029$83.8M 101c
- H•••••• H•••••••• L•• term loan2 BDCs hold it · matures Jun 30, 2031$81.5M 100c
- G••••••••• H•••••••• L•• term loan2 BDCs hold it · matures Jan 1, 2028$76.6M 100c
- X•••• A••• I•• term loan3 BDCs hold it · matures Dec 20, 2028$70.8M 101c
- S• E•••• L•• term loan2 BDCs hold it · matures Jun 16, 2028$69.1M 100c
- F•••• K••• H•••••••• L•• term loan2 BDCs hold it · matures Jun 30, 2030$66.0M 101c
- S•••• C•••• T•••••••• H•••••••• L•• term loan2 BDCs hold it · matures Aug 8, 2029$62.0M 101c
- J•• E••••••••• • M••••••••• L•• term loan2 BDCs hold it · matures Jun 20, 2030$59.9M 57c
Schedule of investments at Jun 30, 2026
824 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| T•• S•••••••• L•• | unstated lien unstated | n/a | n/a | ||
| T•••• M•••• M•••• C•••• | unstated lien unstated | n/a | n/a | ||
| M•• P••••••••• H•••••• I••• | unstated lien unstated | n/a | n/a | ||
| A••••••••• L•• | unstated lien unstated | n/a | n/a | ||
| G••• M••••••••• L•• | unstated lien unstated | n/a | n/a | ||
| G•••••••• L•• | unstated lien unstated | n/a | n/a | ||
| C• F••••••• L•• | unstated lien unstated | n/a | n/a | ||
| M• P•••••• L••• F••• I•• L• | unstated lien unstated | n/a | n/a | ||
| H•••••• H•••••••• L•• | unstated lien unstated | n/a | n/a | ||
| 2••• H•••••• L• | unstated lien unstated | n/a | n/a | ||
| B••••••••• C•••••• F••• I••• L• | unstated lien unstated | n/a | n/a | ||
| M•• I••••• F•••• I••• | unstated lien unstated | n/a | n/a | ||
| W•••••••• B•••••• L•• | unstated lien unstated | n/a | n/a | ||
| P••••••• T••••• L•• | unstated lien unstated | n/a | n/a | ||
| A•• A••••••• G•••• S••••••• A••••••••• L•• | unstated lien unstated | n/a | n/a | ||
| 4•• A•• I•• L• | unstated lien unstated | n/a | n/a | ||
| N•••••••• A••••••••• L•• | unstated lien unstated | n/a | n/a | ||
| M• P•••••• L••• F••• I• L• | unstated lien unstated | n/a | n/a | ||
| Z•• P•••••••• L•• | unstated lien unstated | n/a | n/a | ||
| H••••••••• S••• L•• | unstated lien unstated | n/a | n/a | ||
| C••••••• E••••••• C•••••• L•• | unstated lien unstated | n/a | n/a | ||
| M•••••• C••••••• G•••• | unstated lien unstated | n/a | n/a | ||
| V•••••• E••••• O••••••••• L•• | unstated lien unstated | n/a | n/a | ||
| G• H••• I••••••••• L•• | unstated lien unstated | n/a | n/a |
Page 9 of 9Previous
Registration
- Fiscal year end
- 1231reported
- Incorporated
- MDreported
- On the SEC BDC report
- 2012 to 2026reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Latest schedule
- 0001396440-26-000094reported