DFX Intelligence
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F••••••• B•• L•••••• C•••
Business development companymanaged by F••••••• B•• L•••••• A••••••• L•••••No longer on the SEC BDC reportNon-tradedLatest schedule Sep 30, 2023· NEW YORK, NY
A non-traded business development company, managed by F••••••• B•• L•••••• A••••••• L•••••, holding $3.7B across 308 borrowers at Sep 30, 2023.
Composed from this BDC's filings and its latest schedule of investments.
As of · the latest schedule of investments read for this BDC
- Fair value
- $3.7B
- Borrowers
- 308
- Mark on cost
- 96.1¢
- First lien
- 31%
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
As of · the latest schedule of investments read for this BDC
Nothing material in the last 200 days. Last change: 30 Sep 2023, 1 borrower on non-accrual, $11.9M principal; the largest is A•••• A••••••••• L•• ($11.9M).
Every headline figure, and the identifiersCIK 1490927 · file 814-00821ShowHide
Fair value
$3.7B
as of Sep 30, 2023
Principal held
$3.5B
debt pieces, the filer's figure
Cost
$4.1B
96c on cost, debt pieces
Unfunded
$217M
commitments not yet drawn
Positions
606
308 borrowers
First lien
31%
94% debt by fair value
Quarters on the tape
7
since Dec 31, 2020
Facilities held
0
0 sponsors financed
Portfolio through time
Fair value by quarter end$4.4B as of Sep 30, 2023
Dec 31, 2021$4.6B then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Sep 30, 2023 | $4.4B | 308 | 96c | 35 | 557 bp |
| Jun 30, 2023 | $4.5B | 312 | 96c | 31 | 561 bp |
| Mar 31, 2023 | $3.7B | 310 | 96c | 22 | 560 bp |
| Dec 31, 2022 | $6.3B | 317 | 95c | 34 | 540 bp |
All 8 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Mar 31, 2022 | Not disclosed | 30 | n/a | 0 | n/a |
| Dec 31, 2021 | $4.6B | 339 | 99c | 26 | 557 bp |
| Jan 20, 2021 | Not disclosed | 1 | n/a | 0 | n/a |
| Dec 31, 2020 | Not disclosed | 38 | n/a | 0 | n/a |
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
- New borrower on a BDC scheduleSep 30, 2023
- New borrower on a BDC scheduleSep 30, 2023
- New borrower on a BDC scheduleSep 30, 2023
- New borrower on a BDC scheduleSep 30, 2023
- New borrower on a BDC scheduleSep 30, 2023
Full timeline · 20 eventsShow fewer
- New lender joined a facilitySep 30, 2023
- New lender joined a facilitySep 30, 2023
- New lender joined a facilitySep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Marked down (one lender)Sep 30, 2023
- Marked down (one lender)Sep 30, 2023
- PIK interest increasedSep 30, 2023
- Spread increasedSep 30, 2023
- Spread increasedSep 30, 2023
- Spread increasedSep 30, 2023
- PIK interest appearsSep 30, 2023
- Spread increasedSep 30, 2023
- Spread increasedSep 30, 2023
- Maturity shortened (observed)Sep 30, 2023
Schedule of investments at Dec 31, 2021
708 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| T••••••• C••• 2••••••• L••• 2•••• E• | unstated lien unstated | $3.0M | $2.9M 99c | S+720 bp | Oct 25, 2034 |
| N••••••••• C••••••• L••• 1••••• E• | unstated lien unstated | $3.0M | $2.9M 100c | S+764 bp | Jun 20, 2034 |
| V•••••• C•• 4•• L••• 2••••• E• Structured finance (CLO) | unstated lien unstated | $3.0M | $2.9M 100c | S+715 bp | Apr 15, 2034 |
| V•••••• C••• L••• 1••••• E•• | unstated lien unstated | $3.0M | $2.9M 99c | S+755 bp | Jul 19, 2034 |
| C•• U••• I••••••••• H•••••••• I•••• M••••••••• | unstated lien unstated | Not disclosed | $2.9M 660c | ||
| C•• U••• I••••••••• H•••••••• I••• | equity equity | Not disclosed | $2.9M | ||
| K•••••• M•••••• C••• L••• I••••••••• | unstated lien unstated | $3.0M | $2.9M 96c | 4.88% | May 1, 2028 |
| M••••••• P••••••• C•••••••• F•••••• C••• L••• 2•••• D• Structured finance (CLO) | unstated lien unstated | $3.0M | $2.8M 99c | S+748 bp | Oct 20, 2034 |
| T••• H••••• H•••••••• I••• | unstated lien unstated | $3.0M | $2.8M 101c | S+275 bp | Feb 6, 2024 |
| R••••••• H•••••••• I••• I••••••••• | unstated lien unstated | $2.9M | $2.8M 98c | S+475 bp | Oct 19, 2027 |
| H••••••••• L••• M••••••••• L••• 1••••• E• | unstated lien unstated | $3.0M | $2.8M 105c | S+610 bp | May 6, 2030 |
| Z••• C•• 1•• L••• 1••••• D• Structured finance (CLO) | unstated lien unstated | $3.0M | $2.8M 104c | S+452 bp | Jul 15, 2032 |
| P• N••••••• L•• H••••••••• | unstated lien unstated | Not disclosed | $2.8M | ||
| B•••••• C•••• | unstated lien unstated | $2.7M | $2.7M 101c | S+325 bp | Oct 2, 2028 |
| M•• U• H•••••• L•• T••••••••• | unstated lien unstated | $3.0M | $2.7M 91c | S+875 bp | Nov 30, 2026 |
| C••••• I••• | unstated lien unstated | $2.7M | $2.7M 103c | S+375 bp | Nov 29, 2024 |
| W•••• B••••••• L••••••• L•• F••••••••• | unstated lien unstated | Not disclosed | $2.7M 71c | ||
| W••• L•• B••••••• Services | unstated lien unstated | $2.6M | $2.6M 100c | S+575 bp | Sep 5, 2024 |
| T•• D•••••• N••••••• L••• C••••••• | unstated lien unstated | $37.4M | $2.6M 12c | S+600 bp PIK 10.00% | Mar 31, 2022 |
| T•• D•••••• N••••••• L•• | term loan first lien | Not disclosed | $2.6M | ||
| W••• L•• B••••••• Services | unstated lien unstated | $2.6M | $2.6M 100c | S+575 bp | Sep 5, 2025 |
| S••••• A••••••••• I••• | unstated lien unstated | $2.6M | $2.6M 99c | S+375 bp | Jan 15, 2025 |
| V••••• M•••• B••••••• L•• | unstated lien unstated | $2.5M | $2.5M 100c | S+325 bp | Jan 31, 2029 |
| W••• R•••• C••• L••• 1•••• F• Structured finance (CLO) | unstated lien unstated | $3.0M | $2.5M 100c | S+787 bp | Jan 15, 2031 |
| P••••••••• I••• | unstated lien unstated | $2.5M | $2.5M 100c | S+325 bp | Aug 31, 2028 |
| J••• F••••••••• L•• •• | unstated lien unstated | $2.5M | $2.5M 100c | S+350 bp | Aug 7, 2028 |
| M•• A••••••••• C•••• B••••••• Services | unstated lien unstated | Not disclosed | $2.4M 59c | ||
| H••••• K•••••••• X•• L••• 1•••• E• | unstated lien unstated | $2.5M | $2.4M 99c | S+772 bp | Oct 20, 2034 |
| J•••• P••••••• I••• | equity equity | Not disclosed | $2.4M | ||
| J•••• P••••••• I•••• C••••••• | unstated lien unstated | Not disclosed | $2.4M 101c | ||
| A••••• S•••••••• L•• | unstated lien unstated | $2.5M | $2.4M 97c | S+350 bp | Mar 6, 2025 |
| L••• L••• P••••••••• 1•• E•• | unstated lien unstated | $2.5M | $2.4M 104c | S+638 bp | Oct 15, 2031 |
| S••• F•••• H•••••••• L•• | unstated lien unstated | $2.4M | $2.4M 100c | S+300 bp | Feb 3, 2025 |
| E•••••••• G••••••••• L•• | unstated lien unstated | $2.5M | $2.3M 95c | S+375 bp | Dec 12, 2025 |
| N•••••• U••• L•• | unstated lien unstated | $2.3M | $2.3M 101c | S+300 bp | Oct 1, 2025 |
| P•••• A•• F••••••• L•• T••••••••• | unstated lien unstated | $2.3M | $2.3M 100c | S+525 bp | Jul 25, 2024 |
| T•••••••• P•••••••• I•••• C••••••• | unstated lien unstated | $2.9M | $2.3M 80c | S+1400 bp PIK 10.75% | Nov 21, 2022 |
| S•••••••• C••• T••••••••• | unstated lien unstated | Not disclosed | $2.3M 86c | ||
| T•••••••• C•••••• S•••••• L•• F••• & B••••••• | unstated lien unstated | $2.6M | $2.3M 88c | S+775 bp | May 19, 2022 |
| S•••••• C••••••• L•• | unstated lien unstated | $2.3M | $2.3M 100c | S+225 bp | Feb 8, 2027 |
| A••• G••••• P••••••••• L•• I••••••••• | unstated lien unstated | $2.2M | $2.2M 100c | S+450 bp | Apr 1, 2026 |
| S•••• P•••• C••• L••• 1•••• E• Structured finance (CLO) | unstated lien unstated | $2.4M | $2.2M 105c | S+610 bp | Jul 25, 2030 |
| B•••••• | subordinated debt unsecured or subordinated | $2.2M | $2.2M 97c | 8.63% | Feb 1, 2026 |
| O•• C••• L••• 1•••• D• Structured finance (CLO) | unstated lien unstated | $2.2M | $2.1M 102c | S+570 bp | Apr 26, 2031 |
| P•••• B•••••••• A••••••••• L••• T•••••• | unstated lien unstated | Not disclosed | $2.1M 100c | ||
| T•••••••• P•••••••• I•••• C••••••• | unstated lien unstated | $3.3M | $2.1M 82c | S+1300 bp PIK 2.00% | Nov 21, 2022 |
| A••• C•••••• I••••••••• H•••••••• L•• H••••••••• | unstated lien unstated | $2.1M | $2.1M 98c | S+625 bp | May 7, 2027 |
| A•• L• A••••••••• C•••• | unstated lien unstated | $2.1M | $2.1M 100c | S+750 bp | Apr 30, 2029 |
| R••••••••• H••••••• P••••••• H•••••••• I••• | unstated lien unstated | $2.0M | $2.0M 101c | 4.38% | Feb 15, 2027 |
| A•••••• G••••• E••••••••• I••• | unstated lien unstated | $2.0M | $2.0M 100c | S+450 bp | Aug 12, 2028 |
| A••••• G•••• C•••••••• C••••• P•••• • P•••••••• | unstated lien unstated | $6.7M | $2.0M 30c | S+775 bp | Dec 6, 2024 |
| C•••••• G•• C••• 1•••• F•• Structured finance (CLO) | unstated lien unstated | $2.1M | $2.0M 100c | S+860 bp | Jul 20, 2034 |
| P••• L•• | unstated lien unstated | $2.0M | $2.0M 100c | S+425 bp | Feb 13, 2027 |
| A•••••• E•••••• L•• | unstated lien unstated | $2.0M | $2.0M 100c | S+350 bp | Dec 10, 2027 |
| E•••••••• C••• L••• 1•••• D• Structured finance (CLO) | unstated lien unstated | $2.0M | $2.0M 101c | S+765 bp | Aug 15, 2032 |
| R•••••• I• F••••••• L• 1•••• D•• | unstated lien unstated | $2.0M | $2.0M 102c | S+695 bp | Jan 15, 2029 |
| A•••••• G••••• E••••••••• I••• | unstated lien unstated | $2.0M | $2.0M 98c | 5.50% | Mar 1, 2028 |
| A•••••• G••••••••• S••••••• H•••••••• L•• | unstated lien unstated | $2.0M | $2.0M 99c | S+350 bp | Feb 1, 2027 |
| V•••••• C••• L••• 1••••• E• | unstated lien unstated | $2.0M | $1.9M 100c | S+720 bp | Apr 20, 2029 |
| O•••• L••• 1••••• D• | unstated lien unstated | $2.0M | $1.9M 101c | S+675 bp | Apr 20, 2033 |
| B••••• C•••• | unstated lien unstated | $1.9M | $1.9M 99c | S+400 bp | Apr 18, 2025 |
| K•• F•••••••• C••• L••• 1• F• Structured finance (CLO) | unstated lien unstated | $2.0M | $1.9M 99c | S+850 bp | Jan 18, 2032 |
| L••••••• T••••• L•• E•••••••• | unstated lien unstated | $1.9M | $1.9M 100c | S+1200 bp PIK 6.00% | Sep 25, 2023 |
| P•••••• B•••• P••••••••• L•• B••••••• Services | unstated lien unstated | $1.8M | $1.8M 100c | S+800 bp | May 31, 2027 |
| E•••• V•••• C••• L••• 1•••• F• | unstated lien unstated | $2.0M | $1.8M 105c | S+797 bp | Jan 20, 2030 |
| R•• A••••••••• I••• F••••••••• | unstated lien unstated | $1.8M | $1.8M 100c | S+550 bp | Oct 30, 2026 |
| R•••• I•• C•••• F••• & B••••••• | unstated lien unstated | $1.8M | $1.8M 99c | S+650 bp | Jul 1, 2025 |
| H•••••• C••• B••••• I••• H••••••••• | unstated lien unstated | $1.7M | $1.7M 99c | S+550 bp | Dec 9, 2026 |
| U•••• O••• I•••• M••••••••• | unstated lien unstated | $1.6M | $1.6M 103c | S+738 bp | Feb 1, 2028 |
| F••••••• P••••• C•• I••• | unstated lien unstated | $1.6M | $1.6M 100c | S+450 bp | Feb 4, 2026 |
| T•••••• A•• C••••••••• H••••••• C•••• B••••••• Services | unstated lien unstated | $1.6M | $1.6M 98c | S+525 bp | Jun 29, 2027 |
| I••••••••• G••••• S•••••••• I••• I••••••••• | unstated lien unstated | $1.6M | $1.6M 96c | S+600 bp | Feb 4, 2026 |
| I••••••• C••• B••••••• Services | unstated lien unstated | Not disclosed | $1.6M 286c | ||
| I••••••• C••• | equity equity | Not disclosed | $1.6M | ||
| I••••• I••• | unstated lien unstated | $1.5M | $1.5M 101c | S+675 bp | Mar 2, 2029 |
| P••• A•• R• H•••••••• L•• F••••••••• | unstated lien unstated | $1.5M | $1.5M 100c | Dec 30, 2022 | |
| P••• A•• R• H•••••••• L•• | subordinated debt unsecured or subordinated | Not disclosed | $1.5M | ||
| M••••••••• I••• | unstated lien unstated | $1.5M | $1.5M 101c | 6.13% | Jun 15, 2028 |
| N•••• B••••• L•• | unstated lien unstated | $1.5M | $1.5M 100c | S+375 bp | Nov 9, 2026 |
| T•••• H•••• I••• | unstated lien unstated | $1.5M | $1.5M 100c | S+325 bp | Jan 31, 2028 |
| P•• B••••• I••• F••• & B••••••• | unstated lien unstated | $1.5M | $1.5M 100c | S+550 bp | Apr 5, 2027 |
| L••••••••• L•• T•••••• | unstated lien unstated | $1.8M | $1.5M 82c | PIK 15.50% | Nov 1, 2023 |
| S•••••••• C•••• T••••••••• | unstated lien unstated | $1.5M | $1.5M 102c | S+475 bp | Jul 14, 2028 |
| R•••• I•• C•••• F••• & B••••••• | unstated lien unstated | $1.5M | $1.4M 98c | S+650 bp | Jul 1, 2025 |
| T•••••• C••• L••• 2•••• E• Structured finance (CLO) | unstated lien unstated | $1.5M | $1.4M 100c | S+738 bp | Jul 20, 2032 |
| S•••• B•••••• I••• H••••••••• | unstated lien unstated | Not disclosed | $1.4M | ||
| I••••••••• E••••••••• S••••••••• I••• | term loan first lien | Not disclosed | $1.4M | ||
| I••••••••• E••••••••• S••••••••• I••• I••••••••• | unstated lien unstated | $1.4M | $1.4M 100c | 7.50% | Dec 31, 2025 |
| S•••••• C••• L••• 2•••• E• Structured finance (CLO) | unstated lien unstated | $1.5M | $1.4M 99c | S+812 bp | Feb 20, 2033 |
| P••••• S••••• C••• L••• 2•••• F• Structured finance (CLO) | unstated lien unstated | $1.5M | $1.4M 99c | S+766 bp | Oct 15, 2034 |
| Q••••••• I•••• M••••••••• | unstated lien unstated | $1.6M | $1.4M 91c | S+500 bp | Sep 9, 2024 |
| C••••• T••••••••• G••••• L•• | unstated lien unstated | $1.4M | $1.4M 100c | S+750 bp | Feb 5, 2024 |
| R•• A••••••••• I••• F••••••••• | unstated lien unstated | $1.3M | $1.3M 99c | S+550 bp | Oct 30, 2026 |
| F••••••• C••••••••• C•••• | unstated lien unstated | $1.2M | $1.3M 98c | 5.00% | May 1, 2028 |
| M••••••• W•••••• P••• B••••••• Services | unstated lien unstated | Not disclosed | $1.3M 1223c | ||
| A•• C••• L••• 2•••• F• Structured finance (CLO) | unstated lien unstated | $1.4M | $1.3M 99c | S+690 bp | Apr 22, 2034 |
| C••••••• I••• | equity equity | Not disclosed | $1.3M | ||
| C••••••• I••• I••••••••• | unstated lien unstated | Not disclosed | $1.3M 57c | ||
| P•••••••• L•• I••••••••• | unstated lien unstated | $1.2M | $1.2M 99c | S+575 bp | Oct 20, 2026 |
| J•••••••• C••• L••• 1••••• D• Structured finance (CLO) | unstated lien unstated | $1.2M | $1.2M 103c | S+670 bp | Jul 17, 2029 |
Registration
- Fiscal year end
- 1231reported
- Incorporated
- MDreported
- On the SEC BDC report
- 2012 to 2023reported
- Filings listed
- 8reported10-Q and 10-K since 2022
- Former names
- Business Development Corp of Americareported
- Latest schedule
- 0001490927-23-000017reported