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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O•••••• S•••••••• L•••••• C•••
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $2.7B | 171 | 96c | 45 | 568 bp |
| Mar 31, 2026 | $2.8B | 166 | 93c | 39 | 570 bp |
| Dec 31, 2025 | $2.9B | 169 | 96c | 44 | 576 bp |
| Sep 30, 2025 | $2.9B | 173 | 95c | 41 | 591 bp |
| Jun 30, 2025 | $2.8B | 159 | 105c | 36 | 614 bp |
| Mar 31, 2025 | $3.2B | 157 | 102c | 49 | 618 bp |
| Dec 31, 2024 | $2.9B | 138 | 107c | 40 | 613 bp |
| Sep 30, 2024 | $3.4B | 168 | 118c | 30 | 641 bp |
| Jun 30, 2024 | $3.1B | 163 | 104c | 36 | 668 bp |
| Mar 31, 2024 | $3.1B | 154 | 105c | 30 | 684 bp |
| Dec 31, 2023 | $3.1B | 148 | 105c | 27 | 706 bp |
| Sep 30, 2023 | $3.3B | 171 | 107c | 35 | 714 bp |
| Jun 30, 2023 | $3.2B | 158 | 104c | 24 | 699 bp |
| Mar 31, 2023 | $3.2B | 166 | 103c | 25 | 689 bp |
| Dec 31, 2022 | $2.8B | 162 | 104c | 18 | 671 bp |
| Sep 30, 2022 | $4.9B | 180 | 102c | 27 | 673 bp |
| Jun 30, 2022 | $222M | 6 | n/a | 0 | 581 bp |
| Mar 31, 2022 | n/a | 6 | n/a | 0 | 565 bp |
| Dec 31, 2021 | n/a | 7 | n/a | 0 | 645 bp |
| Sep 30, 2021 | $578M | 6 | 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.
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.
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 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
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- E••••• B•••• A• first lien term loan2 BDCs hold it · matures Sep 22, 2032$88.3M 97c
- O••• G•••• J• L•• unsecured or subordinated subordinated debt1 BDC hold it · matures Oct 20, 2030$58.3M 76c
- M•• S••••••• L•• first lien term loan35 BDCs hold it · matures Feb 29, 2028$56.5M 98c
- D••••••••• S••••••• H•••••••• I•• first lien term loan3 BDCs hold it · matures Aug 10, 2028$56.4M 93c
- K•••• B••••• L•• first lien term loan4 BDCs hold it · matures Oct 29, 2027$53.2M 95c
- P••••• C••• C••••••• L•• first lien term loan29 BDCs hold it · matures Nov 15, 2030$51.3M 91c
- S••••• B•••• I• I•• first lien term loan7 BDCs hold it · matures Jan 30, 2032$48.1M 100c
- A•••••• N••••••••• M•••• 2• B•• first lien term loan10 BDCs hold it · matures May 29, 2031$47.7M 101c
- A••••• B•••• I•• first lien term loan6 BDCs hold it · matures Dec 31, 2027$46.7M 101c
- D•••• L•••••• S•• I• L•• unsecured or subordinated term loan2 BDCs hold it · matures Aug 31, 2029$45.0M 100c
- B••••• F••• • B•••••••• L•• first lien term loan3 BDCs hold it · matures Jul 30, 2027 · P••• R••• C•••••• L••$43.9M 98c
- S••••••• C••••••••• L•• first lien term loan7 BDCs hold it · matures Apr 1, 2030 · A•••• A••••••••• L••$41.3M 100c
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| I••••••• P••••• I••. | unstated lien unstated | n/a | n/a | ||
| G•••••• P•••••• I••. | unstated lien unstated | n/a | n/a | ||
| D•••••• H•••••••• L•• | unstated lien unstated | n/a | n/a | ||
| M•• S••••••• L•• | unstated lien unstated | n/a | n/a | ||
| D••••• I••••••••• L•• | unstated lien unstated | n/a | n/a | ||
| N••• H•••••• L•• | unstated lien unstated | n/a | n/a | ||
| N•••••• N••••••••• L•• | unstated lien unstated | n/a | n/a | ||
| A•• W•• L••••• I••. | unstated lien unstated | n/a | n/a | ||
| T••••••• L•• Broadline R••••• | term loan first lien | n/a | n/a | ||
| D••••••• D••••••••• L•• Health C••• Services | equity equity | n/a | n/a | ||
| A•• W•• L••••• I••. Advertising | term loan first lien | n/a | n/a | ||
| A•• W•• L••••• I••. Advertising | equity equity | n/a | n/a | ||
| S••••• L•• | unstated lien unstated | n/a | n/a | ||
| O••• G•••• J• L•• | unstated lien unstated | n/a | n/a | ||
| I•••••• P•••••• I••. | unstated lien unstated | n/a | n/a | ||
| G•••• H•••• P••••• O••••• L•• | unstated lien unstated | n/a | n/a | ||
| D••••••••• S••••••• H•••••••• I••. | unstated lien unstated | n/a | n/a | ||
| C•••• H•••••••• L•• | unstated lien unstated | n/a | n/a | ||
| B••••• I••• I•••••••• S•••••••• L•• | unstated lien unstated | n/a | n/a | ||
| CIELO BIDCO LIMITED | unstated lien unstated | n/a | n/a | ||
| E••••• B•••• A• | unstated lien unstated | n/a | n/a | ||
| M•• I••••••••• H•••••••• L•• | unstated lien unstated | n/a | n/a | ||
| NFO O••••• B•••• LLC | unstated lien unstated | n/a | n/a | ||
| C••••••••• I••••••••• G•••• L• Oil & Gas Storage & Transportation | preferred equity equity | n/a | n/a | ||
| A•• W•• L••••• I••. Advertising | term loan first lien | n/a | n/a | ||
| P••••• C••• C••••••• L•• | unstated lien unstated | n/a | n/a | ||
| 1•••••• B•••• O•••• L•• | unstated lien unstated | n/a | n/a | ||
| C••••••••• T••••••••• L•• | unstated lien unstated | n/a | n/a | ||
| C••••••• B••••• I••. | unstated lien unstated | n/a | n/a | ||
| E•••••••••, Inc. | unstated lien unstated | n/a | n/a | ||
| IDF 14 FinanceCo, LLC | unstated lien unstated | n/a | n/a | ||
| M••••••• A••••••••• I••. | unstated lien unstated | n/a | n/a | ||
| T•••• I••. | unstated lien unstated | n/a | n/a | ||
| L•• H•••••• L•• | unstated lien unstated | n/a | n/a | ||
| C•••• I••••••••• I••. | unstated lien unstated | n/a | n/a | ||
| I•••••••• M•••••••• A••••••••• L•• | unstated lien unstated | n/a | n/a | Aug 25, 2028 | |
| S••• M•••••• P•••••••• I••. Metal, Glass & Plastic Containers | term loan first lien | n/a | n/a | Aug 3, 2028 | |
| U••• H•••••••• I••. | unstated lien unstated | n/a | n/a | ||
| S••••• E••••••••• L•• | unstated lien unstated | n/a | n/a | ||
| P••••••• M•••• A• | unstated lien unstated | n/a | n/a | ||
| P••• C•••oration | unstated lien unstated | n/a | n/a | ||
| G•••• R•••• A•••••• M••••••••• I••. | unstated lien unstated | n/a | n/a | ||
| G•••• J• | notes lien unstated | n/a | n/a | S+300 bp | |
| J••••••• H•••••••• L•• | unstated lien unstated | n/a | n/a | ||
| C•••• P•••••• I••. | unstated lien unstated | n/a | n/a | ||
| S••••• B•••• I Inc. | unstated lien unstated | n/a | n/a | ||
| P•••••• P•••••• L•• | unstated lien unstated | n/a | n/a | ||
| L•••••• H••••••••• H•••••• C••••••• L•• | unstated lien unstated | n/a | n/a | ||
| B•••• I••••••••• I•• L•• | unstated lien unstated | n/a | n/a | ||
| T••••••• L•• Broadline R••••• | equity equity | n/a | n/a | ||
| A•••••••• T••••••••• I••. | unstated lien unstated | n/a | n/a | ||
| T•• A•••• Real Estate Operating Companies | term loan first lien | n/a | n/a | ||
| S•• J• 1• | notes lien unstated | n/a | n/a | S+500 bp | |
| S••• M•••••• P•••••••• I••. | unstated lien unstated | n/a | n/a | ||
| M••••••• I•••••• H••••••• I••. | unstated lien unstated | n/a | n/a | ||
| B•••• P•••••••• I••. | unstated lien unstated | n/a | n/a | ||
| P•• F•••••••• M••••• S•• L•• | unstated lien unstated | n/a | n/a | ||
| T••••• B•••• L•••••• | unstated lien unstated | n/a | n/a | ||
| A•••••••• A••••••••• C• L•• | unstated lien unstated | n/a | n/a | ||
| K•••• B••••• L•• | unstated lien unstated | n/a | n/a | ||
| S••••••• C•••••••••, LLC | unstated lien unstated | n/a | n/a |
- Fiscal year end
- 0930reported
- Incorporated
- DEreported
- On the SEC BDC report
- 2012 to 2026reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Former names
- Fifth Street Finance Corp.; Fifth Street Finance Corpreported
- Latest schedule
- 0001414932-26-000017reported