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A business development company

Business development companyNo longer on the SEC BDC reportNon-tradedLatest schedule Sep 30, 2023· NEW YORK, NY

A non-traded business development company, holding $3.7B across 308 borrowers at Sep 30, 2023.

Composed from this BDC's filings and its latest schedule of investments.

Fair value
$3.7B
Borrowers
308
Mark on cost
96.1¢
First lien
31%
Schedule of investments (606)Quarter by quarter
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 Astro Acquisition LLC ($11.9M).

Every headline figure, and the identifiersCIK 1490927 · file 814-00821Show
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$3.7B as of Sep 30, 2023
Dec 31, 2021$3.9B then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Sep 30, 2023$3.7B30896c35558 bp
Jun 30, 2023$3.8B31296c31559 bp
Mar 31, 2023$3.8B31096c22558 bp
Dec 31, 2022$5.0B31795c34540 bp
All 8 quarters
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Mar 31, 2022Not disclosed30n/a0n/a
Dec 31, 2021$3.9B33999c26557 bp
Jan 20, 2021Not disclosed1n/a0n/a
Dec 31, 2020Not disclosed38n/a0n/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 lender joined a facilitySep 30, 2023

+15 additional dated changes on this BDC

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

Every position change, including routine ones
Schedule of investments at Sep 30, 2023
606 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
Lakeland Tours, LLC
Education
unstated lien unstated$6.1M$4.9M
100c
PIK 13.25%
Sep 25, 2027
WCG Purchaser Corp.unstated lien unstated$5.0M$4.9M
100c
S+400 bpJan 8, 2027
Allied Universal Holdco, LLCunstated lien unstated$5.0M$4.9M
101c
S+475 bpMay 15, 2028
Bally's Corp.unstated lien unstated$5.0M$4.9M
99c
S+325 bpOct 2, 2028
GVC Holdings Gibraltar, Ltd.unstated lien unstated$4.9M$4.9M
100c
S+250 bpMar 29, 2027

606 positions on this schedule

Every borrower on the schedule with its instrument, principal, fair value, rate and maturity, as filed.

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

Registration
Fiscal year end
1231reported
Incorporated
MDreported
On the SEC BDC report
2012 to 2023reported
Filings listed
8reported10-Q and 10-K since 2022
Latest schedule
0001490927-23-000017reported
Capital chain

This record sits on 85 traced paths of capital across the graphs.

Allocator to credit manager to facility to borrowerSponsor to borrower to facility to lenderPE sponsor to borrower to facility to lender

DFX traced 85 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

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Position history

1,747 field-level changes across filed schedules, latest first

Each line is one position compared between two consecutive BDC schedules of investments: principal, fair value mark, spread, PIK and maturity, as filed with the SEC.

›Connections

every published relationship on the graph
Show 1 connection across 1 kind
Manages (1)