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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

BDC portfolio

F• K•• C•••••• C•••

BDCFSKCIK 1422183file 814-00757PHILADELPHIA, PAmanaged by F••••• A••••••• L••

Fair value

$13B

as of Jun 30, 2026

Principal held

$12B

debt pieces, the filer's figure

Cost

$14B

91c on cost

Unfunded

$1.1B

commitments not yet drawn

Positions

942

224 borrowers

First lien

37%

83% debt by fair value

Quarters on the tape

since Dec 31, 2020

Facilities held

336

44 sponsors financed

Portfolio through time

Fair value by quarter end$13B as of Jun 30, 2026

Dec 31, 2020$1.9B then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2026	$13B	224	91c	21	546 bp
Mar 31, 2026	$14B	227	92c	21	553 bp
Dec 31, 2025	$16B	228	95c	28	564 bp
Sep 30, 2025	$15B	223	96c	28	565 bp
Jun 30, 2025	$15B	217	96c	30	578 bp
Mar 31, 2025	$16B	224	98c	27	598 bp
Dec 31, 2024	$35B	221	98c	120	558 bp
Sep 30, 2024	$16B	219	97c	36	564 bp
Jun 30, 2024	$15B	208	96c	38	583 bp
Mar 31, 2024	$15B	205	97c	51	597 bp
Dec 31, 2023	$47B	213	96c	106	619 bp
Sep 30, 2023	$16B	204	96c	63	613 bp
Jun 30, 2023	$16B	198	95c	58	617 bp
Mar 31, 2023	$16B	192	95c	52	611 bp
Dec 31, 2022	$36B	212	95c	102	611 bp
Sep 30, 2022	$17B	200	96c	49	634 bp
Dec 31, 2021	$26B	202	106c	66	630 bp
Dec 31, 2020	$1.9B	40	n/a	3	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
G• V•••••• E••••••••• S••••••• L•• first appears in a BDC schedule (4 lenders)
New lender joined a facilityJun 30, 2026
F• K•• C•••••• C••• joins C••••••••• A•••••••• H•••••••• I•• other (unknown) held by 6 other BDCs
New borrower on a BDC scheduleJun 30, 2026
C••••• first appears in a BDC schedule (1 lender)
New lender joined a facilityJun 30, 2026
F• K•• C•••••• C••• joins P••••••• P••••••••• A••••••••• L•• other (unknown) held by 4 other BDCs
Marked down (one lender)Jun 30, 2026
F• K•• C•••••• C•••: fair value markdown in S••••••• C••••••••• L•• (148 to 141 cents on cost)
Marked down (one lender)Jun 30, 2026
F• K•• C•••••• C•••: fair value markdown in A•••• H•••••• A• (123 to 115 cents on cost)
Marked down (one lender)Jun 30, 2026
F• K•• C•••••• C•••: fair value markdown in W••••• H•••••• G••• (112 to 104 cents on cost)
Marked down (one lender)Jun 30, 2026
F• K•• C•••••• C•••: fair value markdown in A•••••• S•••••• A• (103 to 96 cents on cost)
Marked down (one lender)Jun 30, 2026
F• K•• C•••••• C•••: fair value markdown in S••••••• C••• o• A•••••• I•• (102 to 96 cents on cost)
Marked down (one lender)Jun 30, 2026
F• K•• C•••••• C•••: fair value markdown in T•••••••• S••••••• I•• (100 to 94 cents on cost)
Marked down (one lender)Jun 30, 2026
F• K•• C•••••• C•••: fair value markdown in A••••••• D••••••••• • C••••••• S•••••• (101 to 93 cents on cost)
Marked down (one lender)Jun 30, 2026
F• K•• C•••••• C•••: fair value markdown in I••••••••• I•• (100 to 89 cents on cost)
Marked down (one lender)Jun 30, 2026
F• K•• C•••••• C•••: fair value markdown in L••••••••• T••••••••• I•• (74 to 65 cents on cost)
Marked down (one lender)Jun 30, 2026
F• K•• C•••••• C•••: fair value markdown in A•• N••••••• C••• (152 to 64 cents on cost)
Marked down (one lender)Jun 30, 2026
F• K•• C•••••• C•••: fair value markdown in Q••••••• L•• (73 to 57 cents on cost)
Spread increasedJun 30, 2026
F• K•• C•••••• C•••: spread increased in A••••••••• C••• I•• (6.00% to 10.00%)
Spread increasedJun 30, 2026
F• K•• C•••••• C•••: spread increased in N•••• H••••••••• H•••••• A• (7.00% to 9.50%)
Spread increasedJun 30, 2026
F• K•• C•••••• C•••: spread increased in A••••••• C••• (4.50% to 8.50%)
Spread increasedJun 30, 2026
F• K•• C•••••• C•••: spread increased in C•••••••• I••••••••• I•• (5.50% to 6.00%)
Spread increasedJun 30, 2026
F• K•• C•••••• C•••: spread increased in L•••••• H••••••••• H•••••• C••••••• L•• (5.00% to 5.50%)

Every position change, including routine ones

Largest facilities held, with co-lenders

C••••• O••••••••• P••••••• J•• L•• other
1 BDC hold it
$2.0B 83c
K••••••••• B••••••••• S••••••• L•• first lien term loan
4 BDCs hold it · matures Nov 6, 2028
$338M 74c
P••••••••• R••••••• G•••• L•• first lien term loan
2 BDCs hold it · matures Oct 1, 2030
$319M 104c
P•••••• C••• second lien term loan
10 BDCs hold it · matures Feb 1, 2029
$297M 70c
S••••• L•• second lien term loan
1 BDC hold it · matures Jun 1, 2029
$280M 79c
G••••• U•••••••• L•• first lien term loan
2 BDCs hold it · matures May 1, 2028 · G••••••• C•••••• P••••••• L•
$241M 98c
M•••••••• I•• first lien term loan
5 BDCs hold it · matures Oct 29, 2028 · S••••• C••••••
$234M 50c
N••••• C•••••• G•••• H•••••• A• other
1 BDC hold it · matures Jun 1, 2031
$232M 111c
A•••••• S•••••• A• first lien term loan
1 BDC hold it · matures Jun 1, 2031
$218M 96c
T••••• L•• first lien term loan
1 BDC hold it · matures Jun 1, 2028
$192M 80c
A•• N••••••• C••• other
2 BDCs hold it · matures Sep 1, 2028
$184M 64c
M•• D••••• S••••••••• L•• first lien term loan
4 BDCs hold it · matures Feb 13, 2031
$167M 100c

Schedule of investments at Jun 30, 2026

942 positions

Borrower	Instrument	Principal	Fair value	Rate	Maturity
P••••••••• A••••••• 7••	term loan lien unstated	$1.1M	$1.1M 100c	S+650 bp	Oct 1, 2027
R••• P•••• L••	unstated lien unstated	$1.0M	$1.0M 100c	S+450 bp	Apr 1, 2032
R••••• C•••••• M••••••••• L••	unstated lien unstated	$1.0M	$1.0M 100c	S+500 bp	Dec 1, 2030
U••• Holdings Inc	unstated lien unstated	$1.0M	$1.0M 100c	S+530 bp	Sep 1, 2031
D••• I•••••••• H••••••• L••	unstated lien unstated	$900,000	$900,000 100c	S+480 bp	Dec 1, 2029
W•••••••• I••	term loan first lien	$900,000	$900,000 113c	S+500 bp	Mar 1, 2032
P•••••• H••••• H•••••• C•••	unstated lien unstated	$900,000	$900,000 100c	S+480 bp	Nov 1, 2032
O•• C••• C••• M••••••••• I•• H••••• C••• Equipment & Services	equity equity	n/a	$900,000 43c
S•••• S••••• I••	term loan first lien	$900,000	$900,000 100c	S+480 bp	Dec 1, 2032
B•• M••••••••• L••	unstated lien unstated	$800,000	$900,000 113c	S+630 bp	Apr 1, 2031
H•••••• • B••• I••	unstated lien unstated	$800,000	$800,000 100c	S+480 bp	Aug 1, 2031
W••••••• I••	term loan first lien	$800,000	$800,000 100c	S+450 bp	Apr 1, 2031
A••••• L••	unstated lien unstated	$800,000	$800,000 100c	S+430 bp	Jul 1, 2030
S•••••••• I••	unstated lien unstated	$800,000	$800,000 100c	S+480 bp	Apr 1, 2033
W•••••••• I••	term loan first lien	$800,000	$800,000 100c	S+500 bp	Mar 1, 2032
Abacus JV, ABF Equity \| I•••••••• I••••••••	equity equity	n/a	$800,000 9c
T•••••••• S••••••• I••	unstated lien unstated	$900,000	$800,000 89c	S+530 bp	Jun 1, 2030
48Forty S•••••••• LLC Commercial & Professional Services	term loan first lien	$700,000	$700,000 100c	S+530 bp	Jan 1, 2031
Bond Aviation Holdings LLC, Term Loan \| T••••••••• 2 T•••••••••	term loan lien unstated	$700,000	$700,000 100c	S+900 bp	Oct 1, 2033
C••••••• C••• O••••••••• I••	unstated lien unstated	$700,000	$700,000 100c	S+530 bp	Jun 1, 2032
I•••••••• M•••••••• Group LLC	term loan first lien	$700,000	$700,000 100c	S+500 bp	Aug 1, 2028
H•••••• • B••• I••	unstated lien unstated	$700,000	$700,000 100c	S+480 bp	Aug 1, 2031
X•••• K••••••	unstated lien unstated	$700,000	$700,000 100c	S+590 bp	Apr 1, 2030
U••• Holdings Inc	unstated lien unstated	$700,000	$700,000 100c	S+550 bp	Sep 1, 2031
T•••••••• S••••••• I••	unstated lien unstated	$700,000	$700,000 100c	S+530 bp	Jun 1, 2030
Q••••••• L•• Consumer Durables & Apparel	equity equity	n/a	$700,000 8c
Zentiva, Common Stock \| Pharmaceuticals, Biotechnology & Lif Pharmaceuticals, Biotechnology & Life Sciences	equity equity	n/a	$700,000 100c
C•••• S••••••• Group Inc S••••••• & Services	unstated lien unstated	$700,000	$700,000 117c	S+650 bp	Mar 1, 2029
Railpros Inc	unstated lien unstated	$600,000	$600,000 100c	S+430 bp	May 1, 2032
S•••• S••••• I••	term loan first lien	$600,000	$600,000 100c	S+480 bp	Dec 1, 2032
G••••• Container, Bond \| T••••••••• 2 T•••••••••	notes lien unstated	$600,000	$600,000 100c	S+1360 bp	Apr 1, 2034
C•••••	unstated lien unstated	$600,000	$600,000 100c	S+480 bp	Apr 1, 2032
G••••••• Inc	unstated lien unstated	$500,000	$500,000 100c	S+530 bp PIK 2.30%	Jan 1, 2031
V•••••• I••••••••• P••••••••• I••	unstated lien unstated	$500,000	$500,000 100c	S+480 bp	Jan 1, 2032
A••••••••• I••••••••• A••••••••• L•, ABF Equity Financial Services	unstated lien unstated	n/a	$500,000 45c
H••••••••• I•••••••• A••••• Inc	term loan first lien	$500,000	$500,000 100c	S+450 bp	Jun 1, 2031
L••••••••• V••••• S••	unstated lien unstated	$500,000	$500,000 83c	S+670 bp	Mar 1, 2030
Q••••• H••••• C•••, Trade Claim H••••• C••• Equipment & Services	unstated lien unstated	n/a	$500,000 71c
S•••••••• I••	unstated lien unstated	$500,000	$500,000 100c	S+480 bp	Apr 1, 2033
H••••• T••••••••• S•••••• L••	term loan first lien	$600,000	$500,000 83c	S+600 bp	Jul 1, 2027
G••••• U•••••••• L••, Trade Claim Consumer Durables & Apparel	unstated lien unstated	n/a	$500,000 50c
R••••• S••••••• H••••••• I••	term loan first lien	$500,000	$500,000 100c	S+500 bp	Oct 1, 2029
P•••••• H••••• H•••••• C•••	unstated lien unstated	$500,000	$500,000 100c	S+480 bp	Nov 1, 2031
H••••••• H••••• I••	unstated lien unstated	$400,000	$400,000 100c	S+550 bp	Nov 1, 2029
Railpros Inc	unstated lien unstated	$400,000	$400,000 100c	S+430 bp	May 1, 2032
G••••• Container, Bond \| T••••••••• 3 T•••••••••	notes lien unstated	$400,000	$400,000 100c	S+1360 bp	Jun 1, 2034
P•••••• H••••• H•••••• C•••	unstated lien unstated	$400,000	$400,000 100c	S+480 bp	Nov 1, 2032
N••••• N••• H••••• I••	unstated lien unstated	$400,000	$400,000 100c	S+430 bp	Sep 1, 2032
A••••• L••	unstated lien unstated	$400,000	$400,000 100c	S+500 bp	Apr 1, 2033
N•• D••••••••	term loan first lien	$400,000	$400,000 100c	S+480 bp	Jul 1, 2029
P••••••• P••••••••• Group Inc	unstated lien unstated	$400,000	$400,000 100c	S+530 bp	Aug 1, 2030
Kilter Finance, Common Stock \| I•••••••• I••••••••	equity equity	n/a	$300,000
NAVEX Global Inc	unstated lien unstated	$300,000	$300,000 100c	S+500 bp	Oct 1, 2031
P••••••• P••••••••• Group Inc	unstated lien unstated	$300,000	$300,000 100c	S+530 bp	Aug 1, 2030
MAI Capital Management LLC	unstated lien unstated	$300,000	$300,000 100c	S+480 bp	Aug 1, 2031
G••••••• Inc	unstated lien unstated	$200,000	$200,000 100c	S+530 bp	Jan 1, 2031
N•••••• C•••••••• 2•••••• C•••• D• Financial Services	unstated lien unstated	$8.3M	$200,000		Jan 1, 2027
I••••••••• P•••• Services LLC	unstated lien unstated	$200,000	$200,000 100c	S+480 bp	Nov 1, 2030
Altitude III, ABF Equity \| Capital Goods Capital Goods	equity equity	n/a	$200,000 100c
Railpros Inc Commercial & Professional Services	unstated lien unstated	$200,000	$200,000 100c	S+430 bp	May 1, 2032
K•• Z••• A••••••••• L• (K2 Aviation) Capital Goods	equity equity	n/a	$200,000
L••• A••••••••• L••. (fka Swift Worldwide R•••••••s H••••• Ltd) Commercial & Professional Services	unstated lien unstated	$200,000	$200,000 100c	S+1000 bp	Jul 1, 2029
G••••• Container, ABF Equity \| T••••••••• T•••••••••	equity equity	n/a	$200,000 100c
G••••• Container, Bond \| T••••••••• 1 T•••••••••	notes lien unstated	$200,000	$200,000 100c	S+860 bp	Jan 1, 2034
I•••••••• M•••••••• Group LLC	term loan first lien	$100,000	$100,000 100c	S+500 bp	Aug 1, 2028
R••••••••• O••••••••• I• L••, ABF Equity Real Estate Management & Development	unstated lien unstated	n/a	$100,000
G••••• U•••••••• L•• Consumer Durables & Apparel	equity equity	n/a	$100,000 50c
L••••••••• V••••• S••	unstated lien unstated	$100,000	$100,000 100c	S+670 bp	Mar 1, 2030
Q••••• H••••• C•••, Trust Initial Funding Units H••••• C••• Equipment & Services	unstated lien unstated	n/a	$100,000 50c
TDC LLP, ABF Equity \| Financial Services Financial Services	equity equity	n/a	$100,000 100c
Bond Aviation Holdings LLC, ABF Equity \| T••••••••• T•••••••••	notes lien unstated	n/a	$100,000 100c
C••••••••• H••••••• L•• Capital Goods	unstated lien unstated	$8.3M	$100,000 1c	S+900 bp	Dec 1, 2028
K•• C•••• I• A••••••••• L• Media & Entertainment	equity equity	n/a	$100,000
S•••• S••••• I••	term loan first lien	$0	$0	S+480 bp	Dec 1, 2032
A•• H••••••• I• C••• (fka Amerivet Partners Management Inc) H••••• C••• Equipment & Services	preferred equity equity	n/a	$0 0c	S+1150 bp
C••••• S••••••• & Services	unstated lien unstated	$0	$0	S+750 bp	Apr 1, 2033
A•• N••••••• C••• Capital Goods	unstated lien unstated	$49.8M	$0 0c	S+850 bp	Sep 1, 2028
G•••••• L•• H••••• C••• Equipment & Services	preferred equity equity	n/a	$0
B••••• F•••••• I••	warrants equity	n/a	$0		Sep 1, 2028
A••••••• C••• Capital Goods	preferred equity equity	n/a	$0
H• D••• C• I•• Capital Goods	equity equity	n/a	$0
G•••••• L•• H••••• C••• Equipment & Services	preferred equity equity	n/a	$0
T••••• L••	term loan first lien	$26.3M	$0 0c	S+1250 bp	Jun 1, 2028
K••••••••• B••••••••• S••••••• L•• Commercial & Professional Services	equity equity	n/a	$0
New Era T••••••••• LLC S••••••• & Services	preferred equity equity	n/a	$0 0c
L••••••••• T••••••••• I•• Media & Entertainment	equity equity	n/a	$0
N•• I•• S••••••• & Services	equity equity	n/a	$0
Prime ST LLC, ABF Equity \| Equity Real Estate Investment Tru Equity Real Estate Investment Trusts (REITs)	equity equity	n/a	$0 0c
C•••• C••• S••••••• & Services	warrants equity	n/a	$0
A••••••• C••• Capital Goods	equity equity	n/a	$0
C•••• C••• S••••••• & Services	term loan second lien	$36.7M	$0	S+760 bp	Aug 1, 2029
N•• I•• S••••••• & Services	equity equity	n/a	$0
C•••• C••• S••••••• & Services	preferred equity equity	n/a	$0 0c
C•••• C••• S••••••• & Services	equity equity	n/a	$0
B••••• F•••••• I••	warrants equity	n/a	$0		Sep 1, 2028
A••••••• S•••••••• G•••• L•• I••••••••	equity equity	n/a	$0 0c
A•• N••••••• C••• Capital Goods	equity equity	n/a	$0
8•• 5•• A••, Seattle, ABF Equity Equity Real Estate Investment Trusts (REITs)	unstated lien unstated	n/a	$0 0c
New Era T••••••••• LLC S••••••• & Services	equity equity	n/a	$0
A••••••• S•••••••• G•••• L•• I••••••••	preferred equity equity	n/a	$0 0c	S+800 bp

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Registration

Fiscal year end: 1231reported
Incorporated: MDreported
On the SEC BDC report: 2012 to 2026reported
Filings listed: 19reported10-Q and 10-K since 2022
Former names: FS Investment CORP; Franklin Square Investment CORPreported
Latest schedule: 0001628280-26-053783reported