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••••••• B•• L•••••• C•••

BDCnon-tradedCIK 1490927file 814-00821NEW YORK, NYmanaged by F••••••• B•• L•••••• A••••••• L•••••

Fair value

$3.7B

as of Sep 30, 2023

Principal held

$3.5B

debt pieces, the filer's figure

Cost

$4.1B

90c on cost

Unfunded

$217M

commitments not yet drawn

Positions

606

308 borrowers

First lien

31%

94% debt by fair value

Quarters on the tape

since Dec 31, 2020

Facilities held

0 sponsors financed

Portfolio through time

Fair value by quarter end$3.7B as of Sep 30, 2023

Dec 31, 2021$4.6B then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Sep 30, 2023	$3.7B	308	89c	35	555 bp
Jun 30, 2023	$3.8B	312	89c	31	557 bp
Mar 31, 2023	$3.7B	310	88c	22	555 bp
Dec 31, 2022	$5.5B	317	96c	34	536 bp
Mar 31, 2022	n/a	30	n/a	0	n/a
Dec 31, 2021	$4.6B	339	104c	26	558 bp
Jan 20, 2021	n/a	1	n/a	0	n/a
Dec 31, 2020	n/a	38	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.

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 scheduleSep 30, 2023
W•• H••••••• I•• C•••• C••••••• first appears in a BDC schedule (2 lenders)
New borrower on a BDC scheduleSep 30, 2023
N•• A••••••••• C•••• M•••• first appears in a BDC schedule (1 lender)
New borrower on a BDC scheduleSep 30, 2023
I•• H•••••• C•••• S••••••• first appears in a BDC schedule (1 lender)
New borrower on a BDC scheduleSep 30, 2023
A••••• G•••• C•••••••• C•••• P•••• • first appears in a BDC schedule (1 lender)
New borrower on a BDC scheduleSep 30, 2023
W•• P•••••••• C••• first appears in a BDC schedule (1 lender)
New lender joined a facilitySep 30, 2023
F••••••• B•• L•••••• C••• joins A••••• L•••••••• L•• other (unknown) held by 3 other BDCs
New lender joined a facilitySep 30, 2023
F••••••• B•• L•••••• C••• joins O•••• P•••••••• L•• other (unknown) held by 4 other BDCs
New lender joined a facilitySep 30, 2023
F••••••• B•• L•••••• C••• joins R••••••••• H•••••• C••• other (unknown) held by 7 other BDCs
Marked down (one lender)Sep 30, 2023
F••••••• B•• L•••••• C•••: fair value markdown in A•••• H••••••• C••• (97 to 79 cents on cost)
Marked down (one lender)Sep 30, 2023
F••••••• B•• L•••••• C•••: fair value markdown in G•••••• M••••••• I•• (93 to 71 cents on cost)
Marked down (one lender)Sep 30, 2023
F••••••• B•• L•••••• C•••: fair value markdown in N•••••• A•••••••• (89 to 68 cents on cost)
Marked down (one lender)Sep 30, 2023
F••••••• B•• L•••••• C•••: fair value markdown in K•••••••• I•• (261 to 60 cents on cost)
Marked down (one lender)Sep 30, 2023
F••••••• B•• L•••••• C•••: fair value markdown in W••••••••• (46 to 35 cents on cost)
PIK interest increasedSep 30, 2023
F••••••• B•• L•••••• C•••: pik increased in T•• D•••••• N••••••• L•• (11.16% to 13.50%)
Spread increasedSep 30, 2023
F••••••• B•• L•••••• C•••: spread increased in H•••••• C••• B••••• I•• (6.50% to 7.50%)
Spread increasedSep 30, 2023
F••••••• B•• L•••••• C•••: spread increased in A•••••• U• H••••• 1• L•• (5.50% to 7.32%)
Spread increasedSep 30, 2023
F••••••• B•• L•••••• C•••: spread increased in S••••• E••••••••• L•• (4.00% to 6.75%)
Spread increasedSep 30, 2023
F••••••• B•• L•••••• C•••: spread increased in T•••• H•••• I•• (3.75% to 5.00%)
PIK interest appearsSep 30, 2023
F••••••• B•• L•••••• C•••: pik added in H•••••• C••• B••••• I•• (0.00% to 5.00%)
Spread increasedSep 30, 2023
F••••••• B•• L•••••• C•••: spread increased in D•••••• A••••••••• C••• I•• (3.50% to 4.00%)

Every position change, including routine ones

Largest facilities held, with co-lenders

Schedule of investments at Sep 30, 2023

606 positions

Borrower	Instrument	Principal	Fair value	Rate	Maturity
F•••	term loan lien unstated	n/a	$305M 100c
P••• R••• E•••••••• Finance Financials	unstated lien unstated	n/a	$86.7M 100c
S•••• C•••••• F••••••• L•• Financials	unstated lien unstated	n/a	$77.3M 182c
S•••• C•••••• F••••••• L•• Financials	subordinated debt unsecured or subordinated	$74.5M	$74.5M 100c	12.50%	Nov 26, 2026
A••••• H•••••• L•• P•••• & Packaging	revolver first lien	$60.2M	$59.3M 100c	S+600 bp	Dec 23, 2026
M••••	revolver first lien	$48.5M	$48.5M 101c	S+650 bp	Jul 29, 2026
A••••• P•••••• I••. Industrials	unstated lien unstated	$44.4M	$43.7M 100c	S+575 bp	Oct 29, 2027
Z••••••• I••. S•••••••/Services	unstated lien unstated	$43.6M	$42.8M 100c	S+675 bp PIK 3.25%	Nov 22, 2028
I•• O••••••••• L•• Business Services	revolver first lien	$41.8M	$41.1M 100c	S+525 bp	Nov 22, 2028
A••••••• I••. S•••••••/Services	revolver first lien	$40.3M	$39.4M 100c	S+725 bp	Oct 19, 2028
P••• R••• E•••••••• F••••••• L•• Financials	unstated lien unstated	$38.1M	$38.1M 100c	S+775 bp	Dec 31, 2028
M••• R•••• C••••••• L•• M••••/Entertainment	term loan first lien	$46.1M	$37.8M 82c	S+600 bp	Apr 1, 2024
S••••••• H•••••••• I••. M••••/Entertainment	revolver first lien	$34.8M	$34.3M 100c	S+550 bp	Oct 1, 2027
T•• N•• G••••• L• Business Services	revolver first lien	$34.7M	$34.2M 100c	S+625 bp PIK 2.75%	Dec 1, 2028
S••••• S•• B•••• H•••••••• I••. H•••••care	revolver first lien	$32.7M	$32.7M 101c	S+600 bp	Nov 18, 2027
N•• S••• M•••••• I••. Industrials	unstated lien unstated	$32.2M	$31.2M 98c	S+500 bp	Jan 9, 2026
M•••••• C•• C••••••• L•• P•••• & Packaging	revolver first lien	$30.4M	$30.4M 101c	S+800 bp PIK 2.00%	Mar 2, 2026
I•••• T••••• H•••••••• I••. Industrials	revolver first lien	$30.6M	$29.7M 100c	S+675 bp	Apr 5, 2028
G••••• B•••••••, LLC Financials	unstated lien unstated	$29.5M	$29.5M 101c	S+525 bp	Sep 29, 2028
V•••••• B••••• L•• Industrials	unstated lien unstated	$31.7M	$29.4M 94c	S+700 bp	Nov 19, 2029
W•• H••••••• I•• C•••• C•••••••	unstated lien unstated	$29.2M	$29.2M 101c	S+525 bp	Jul 16, 2028
P•••, LLC H•••••care	unstated lien unstated	$28.9M	$28.9M 101c	S+625 bp	Mar 9, 2026
R•• T•• I••••••••• H•••••••• I••. S•••••••/Services	revolver first lien	$28.3M	$28.3M 101c	S+650 bp	Jun 19, 2025
P•• B••••• I••. Food & Beverage	unstated lien unstated	$27.8M	$27.8M 102c	S+550 bp	Apr 5, 2027
T••••• L•••• I••. S•••••••/Services	revolver first lien	$28.0M	$26.9M 97c	S+575 bp	May 5, 2028
A••••••• Holdings, LLC M••••/Entertainment	delayed draw term loan first lien	$27.0M	$26.7M 100c	S+600 bp PIK 4.00%	Jun 18, 2027
G•••••••• C••••••••• I••. Business Services	unstated lien unstated	$27.0M	$26.6M 100c	S+525 bp	May 18, 2029
Accentcare, Inc. H•••••care	unstated lien unstated	$30.2M	$25.6M 86c	S+875 bp	Jun 21, 2027
A••••••• Holdings, LLC M••••/Entertainment	delayed draw term loan first lien	$26.1M	$25.5M 99c	PIK 10.25%	Jun 18, 2027
F•••••• B••••• L•• Utilities	delayed draw term loan first lien	$26.0M	$25.3M 100c	S+700 bp	Oct 11, 2028
S•• C•••• H•••••• A••••••••• C•••. H•••••care	revolver first lien	$25.2M	$25.2M 101c	S+600 bp	Oct 30, 2026
K•••••••• P•• B••••• I••. Business Services	unstated lien unstated	$24.4M	$24.4M 101c	S+575 bp	Dec 10, 2027
H•••••• C••• B••••• I••. H•••••care	revolver first lien	$24.4M	$23.8M 99c	S+650 bp	Dec 9, 2026
U••••••••• o• S•• A•••••••• A••••••••• C•••. Education	revolver first lien	$23.1M	$23.1M 101c	S+425 bp	Feb 2, 2026
M•••• P•• P•••••••• L•• C•••••••	revolver first lien	$24.0M	$23.0M 97c	S+600 bp	Dec 10, 2026
P••• R••• E•••••••• F••••••• L•• Financials	unstated lien unstated	$21.9M	$21.9M 100c	S+775 bp	Dec 31, 2028
P••••••••• I••. Industrials	unstated lien unstated	$23.5M	$21.8M 93c	S+550 bp	May 8, 2026
L••••• E••••••••• G••••• L•• Industrials	unstated lien unstated	$22.2M	$21.3M 97c	S+550 bp	Sep 1, 2026
W••• P•••••••• I••• I••. H•••••care	revolver first lien	$28.9M	$21.2M 74c	S+575 bp	Jun 22, 2028
F•• P••••••••• L•• C•••••••	revolver first lien	$21.1M	$21.1M 101c	S+550 bp	Sep 13, 2027
I••••• B••••• I••. P•••• & Packaging	revolver first lien	$21.1M	$20.7M 100c	S+625 bp	May 23, 2028
T•••••• Air C••••••••• Holdings Corp. Business Services	unstated lien unstated	$20.4M	$20.4M 101c	S+525 bp	Jun 29, 2027
A•••• Global, Inc. Business Services	unstated lien unstated	$20.2M	$20.2M 100c	S+475 bp	Oct 1, 2026
B••• O••••••••• B••••• I••. H•••••care	unstated lien unstated	$20.7M	$19.7M 97c	S+625 bp PIK 3.00%	Dec 29, 2028
A•••••••• L••	unstated lien unstated	$20.0M	$19.6M 100c	S+350 bp	Feb 15, 2027
M•••••• D•••• H•••••••• I••. H•••••care	unstated lien unstated	$21.0M	$19.4M 93c	S+950 bp PIK 4.00%	Jun 1, 2025
U• S••• I••••••••• L•• C•••••••s	revolver first lien	$19.8M	$19.4M 99c	S+550 bp	Jul 19, 2028
W••• C•••• D••••• S•••••••• I••. H•••••care	unstated lien unstated	$19.6M	$19.3M 100c	S+550 bp	Jul 1, 2028
P•••• B•••••••• A••••••••• L•• Telecom	delayed draw term loan first lien	$19.0M	$19.0M 102c	S+600 bp	Oct 2, 2028
C••••••• L•••••••• Transportation	unstated lien unstated	$18.9M	$18.9M 101c	S+475 bp	Nov 12, 2027
N•• A••••••••• C•••• M••••/Entertainment	unstated lien unstated	$19.7M	$18.7M 95c	S+725 bp PIK 1.00%	Jun 7, 2024
R•••• Ice Corp. Food & Beverage	revolver first lien	$18.8M	$18.4M 99c	S+600 bp	Jul 1, 2025
P••••••••• L•• S•••••••/Services	revolver first lien	$18.8M	$18.0M 97c	S+800 bp	Apr 6, 2027
C••••••••• T••••••••• I••••••••• L•• Business Services	revolver first lien	$17.8M	$17.8M 101c	S+550 bp	May 5, 2027
1•••••• B•• L••. S•••••••/Services	unstated lien unstated	$18.3M	$17.7M 99c	S+561 bp	Mar 4, 2027
H•••••• C••• B••••• I••. H•••••care	revolver first lien	$18.1M	$17.6M 99c	S+650 bp	Dec 9, 2026
I• I••••••••• H•••••••• L•• Business Services	revolver first lien	$17.5M	$17.3M 101c	S+600 bp	Sep 22, 2028
W••• L•• Business Services	unstated lien unstated	$17.3M	$17.3M 101c	S+575 bp	Sep 5, 2025
S••••• P•••••••/JHC A••••••••• Corp.	unstated lien unstated	$17.0M	$16.7M 101c		Jun 28, 2026
V•••••• C•• B••••• L•• Business Services	unstated lien unstated	$16.8M	$16.5M 100c	S+575 bp	Jun 1, 2029
C••••• I••••••••• L•• Industrials	unstated lien unstated	$16.2M	$16.2M 101c	S+600 bp	Feb 5, 2026
P•••••• A••••••••• P•••••• L••	unstated lien unstated	$15.8M	$15.8M 101c	S+425 bp	Jan 2, 2025
M•••••• M••••••••• R••••••• G••••• L•• H•••••care	revolver first lien	$15.9M	$15.6M 100c	S+575 bp	Sep 30, 2027
A•••••• US H••••• 1, LLC	unstated lien unstated	$15.6M	$15.3M 99c	S+732 bp	Oct 10, 2025
R•• A••••••••• I••. Financials	delayed draw term loan first lien	$15.1M	$15.1M 100c	S+550 bp	Oct 30, 2026
F•••• E•••• H•••••••• I••. Financials	unstated lien unstated	$15.0M	$14.6M 100c	S+650 bp	Mar 1, 2027
O••••• T••••••••• I••. S•••••••/Services	unstated lien unstated	$14.2M	$14.2M 101c	S+575 bp	Oct 19, 2027
Q••••••, Inc. M••••/Entertainment	revolver first lien	$14.5M	$14.2M 98c	S+425 bp	Sep 9, 2024
D••••••• H•••••••• L•• Utilities	revolver first lien	$14.0M	$14.0M 101c	S+550 bp	Dec 18, 2025
R•••••••• I••. S•••••••/Services	unstated lien unstated	$13.6M	$13.7M 101c	S+650 bp	Apr 23, 2029
Mercury M••••• Sub, Inc. Business Services	unstated lien unstated	$14.0M	$13.5M 97c	S+650 bp	Aug 2, 2029
M••• M••••• S••••••• L•• T•••••••••	revolver first lien	$14.6M	$13.4M 92c	S+675 bp	Apr 23, 2025
A••• C•••••• I••••••••• H•••••••• L•• H•••••care	unstated lien unstated	$13.5M	$13.3M 100c	S+650 bp	May 7, 2027
W••••••••• M•••••••• O••••••••• L••	unstated lien unstated	$13.0M	$13.0M 105c	S+575 bp	Jun 19, 2026
T••••••• M•••••••• Partners, LLC	unstated lien unstated	$13.1M	$13.0M 100c	S+375 bp	Feb 16, 2028
C••••••••• C•••••••• C•. C•••••••s	unstated lien unstated	$14.8M	$12.8M 87c	10.25% PIK 2.00%	Sep 1, 2027
Athenahealth Group, Inc.	unstated lien unstated	$12.9M	$12.6M 98c	S+325 bp	Feb 15, 2029
F••••••• C••••••••• Corp.	unstated lien unstated	$13.0M	$12.6M 97c	S+375 bp	Oct 8, 2027
B•• S••••••• F••••••• I••.	unstated lien unstated	$12.5M	$12.5M 100c	S+375 bp	Oct 2, 2025
HAH Group Holding Company, LLC H•••••care	unstated lien unstated	$12.4M	$12.4M 102c	S+850 bp	Oct 30, 2028
C•• H••••• S•••••••• I••.	unstated lien unstated	$12.7M	$12.2M 97c	S+425 bp	Dec 31, 2026
S•••••• B••••• L•• P•••• & Packaging	unstated lien unstated	$12.2M	$12.2M 101c	S+550 bp	Dec 30, 2026
U• O••• S•••••• M••••••••• H•••••• L•• H•••••care	unstated lien unstated	$12.2M	$12.1M 100c	S+600 bp	Nov 18, 2027
V•••••• E••••••• S•••••••• I••. Business Services	unstated lien unstated	$11.8M	$11.8M 100c	S+475 bp	Apr 1, 2027
S••••••••• I••••••••• G••••• I••.	unstated lien unstated	$14.7M	$11.8M 80c	S+475 bp	Oct 15, 2025
I•• H•••••• C•••• S•••••••/Services	unstated lien unstated	$11.6M	$11.5M 100c	S+525 bp	May 2, 2029
E••••••• G••••• L•• Business Services	delayed draw term loan first lien	$11.5M	$11.4M 100c	S+550 bp	Apr 14, 2028
A••••• F•••••, SA	unstated lien unstated	$12.5M	$11.3M 95c	S+550 bp	Aug 15, 2028
M••••• E••••••••• G••••• I••. Business Services	revolver first lien	$11.1M	$11.1M 100c	S+650 bp	Mar 15, 2024
S••••••• B•••• C•••. Business Services	unstated lien unstated	$11.0M	$11.0M 102c	S+575 bp	Dec 8, 2028
C••••••• F••••••••• P•••••••• I••. C•••••••	unstated lien unstated	$10.7M	$10.7M 101c	S+775 bp	Mar 20, 2026
W••• L•• Business Services	unstated lien unstated	$10.7M	$10.7M 100c	S+575 bp	Sep 5, 2025
I••••••••• G••••• S•••••••• I••. Industrials	revolver first lien	$10.6M	$10.6M 101c	S+600 bp	Feb 4, 2026
1•••••• B•• L••. S•••••••/Services	unstated lien unstated	$10.4M	$10.6M 103c	S+750 bp	Mar 4, 2027
A••••••• Holdings, LLC M••••/Entertainment	delayed draw term loan first lien	$10.7M	$10.6M 99c	S+600 bp PIK 4.00%	Jun 18, 2027
C••••••••• I••. T•••••••••	unstated lien unstated	$12.4M	$10.5M 85c	S+700 bp	Dec 29, 2028
PG&E Corp.	unstated lien unstated	$10.5M	$10.5M 100c	S+300 bp	Jun 23, 2025
A•••••• P••••• U•• I••.	unstated lien unstated	$11.4M	$10.4M 91c	S+750 bp	Jun 30, 2025
S•• G•••• H•••••••• I••.	unstated lien unstated	$10.3M	$10.3M 100c	S+400 bp	Jul 30, 2025
M••••• E••••••••• G••••• I••. Business Services	revolver first lien	$10.2M	$10.2M 100c	S+650 bp	Mar 15, 2024

Page 1 of 7Next

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