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
A••••• L•••••••• L••	unstated lien unstated	$5.0M	$4.7M 101c	S+350 bp	Dec 11, 2028
C•••••• • W•••••••• U• B•••••••• L••	unstated lien unstated	$4.7M	$4.7M 102c	S+400 bp	Jan 31, 2030
R•••• Ice Corp. Food & Beverage	revolver first lien	$4.8M	$4.7M 98c	S+600 bp	Jul 1, 2025
T•••••• B••••• Holdings, LLC H•••••care	unstated lien unstated	$4.7M	$4.7M 100c	S+675 bp	May 18, 2029
H••••••• P••••••• A•••••••• L••	unstated lien unstated	$4.7M	$4.6M 100c	S+450 bp	Jun 17, 2027
S••••• G••••• S••••••••• L•• Business Services	revolver first lien	$4.6M	$4.6M 100c	S+675 bp	Apr 19, 2024
MPH A••••••••• Holdings, LLC	unstated lien unstated	$4.9M	$4.6M 95c	S+425 bp	Sep 1, 2028
T•• D•••••• N••••••• L•• C•••••••	term loan first lien	$4.6M	$4.6M 154c	PIK 10.00%	Mar 31, 2023
I••••••••• C••••• • E••••••••• I••. Business Services	unstated lien unstated	$4.8M	$4.6M 96c	S+535 bp	Jun 6, 2025
P••• L••	unstated lien unstated	$4.9M	$4.6M 96c	S+350 bp	Feb 12, 2027
G••• P••••••••• S••••••••• L••	unstated lien unstated	$4.6M	$4.5M 99c	S+475 bp	Aug 18, 2028
N•••••• F•••••• B••.	unstated lien unstated	$4.6M	$4.5M 99c	S+400 bp	Apr 3, 2028
N••••, LLC	unstated lien unstated	$4.9M	$4.5M 92c	S+500 bp	Dec 22, 2028
V•••••• C••, Ltd. 20-39A E	unstated lien unstated	$5.0M	$4.5M 91c	S+763 bp	Apr 15, 2033
G•••• L•••• C••, Ltd. 21-6A E Structured finance (CLO)	unstated lien unstated	$5.2M	$4.5M 91c	S+803 bp	Jan 15, 2034
H•••••• C••• B••••• I••. H•••••care	revolver first lien	$4.5M	$4.4M 98c	S+650 bp	Dec 9, 2026
O•• G• H•••••••• L•• Business Services	unstated lien unstated	$4.7M	$4.4M 94c	PIK 18.00%	Nov 29, 2027
T•••••• B••••• Holdings, LLC H•••••care	unstated lien unstated	$4.3M	$4.3M 100c	S+400 bp	May 18, 2028
U•••• O••• I••.	unstated lien unstated	$5.0M	$4.3M 84c	7.38%	Feb 1, 2028
S••••• H••••• H•••••••• L••	unstated lien unstated	$4.2M	$4.2M 103c	S+375 bp	Dec 14, 2026
W•••••••••, Ltd. 2014-1A E Diversified Investment Vehicles	unstated lien unstated	$4.9M	$4.2M 86c	S+455 bp	May 1, 2026
N•••••• A••••••••	term loan lien unstated	$4.8M	$4.2M 90c	S+1100 bp	Apr 25, 2031
S••••••• I••.	unstated lien unstated	$4.9M	$4.2M 86c	S+500 bp	Apr 16, 2026
A•••••••• M••••••••• L••	unstated lien unstated	$4.9M	$4.1M 84c	S+425 bp	Feb 15, 2029
T•••••• Air C••••••••• Holdings Corp. Business Services	unstated lien unstated	$4.1M	$4.1M 100c	S+525 bp	Jun 29, 2027
H•••• Corp.	unstated lien unstated	$4.1M	$4.1M 100c	S+325 bp	Jun 30, 2028
C•••••• P•••• G••••••••• L••	unstated lien unstated	$4.1M	$4.1M 103c	S+425 bp	Apr 16, 2029
T••• H••••• H•••••••• I••.	unstated lien unstated	$5.4M	$4.1M 86c	S+525 bp	Mar 2, 2027
S••••• E••••••••• L••	unstated lien unstated	$5.0M	$4.1M 82c	S+675 bp	May 10, 2027
D•••••• F••••••••• L••	unstated lien unstated	$4.1M	$4.0M 98c	S+500 bp	Aug 2, 2027
M••••• P•••• C••, Ltd. 20-1A E Structured finance (CLO)	unstated lien unstated	$4.5M	$4.0M 90c	S+682 bp	Apr 20, 2033
V•••• F•••••• S•••	unstated lien unstated	$4.0M	$3.9M 102c	S+475 bp	Jun 28, 2029
L•••• I••.	unstated lien unstated	$3.9M	$3.9M 101c	S+500 bp	Oct 30, 2028
I•••• US Finance, LLC	unstated lien unstated	$3.9M	$3.9M 99c	S+250 bp	Nov 8, 2028
M••••••• W•••••, P.C. Business Services	unstated lien unstated	n/a	$3.9M 19430c
D••••••• H•••••••• L•• Utilities	revolver first lien	$3.9M	$3.9M 101c	S+550 bp	Dec 18, 2025
J••• O••• F••••••• L••	unstated lien unstated	$3.9M	$3.8M 97c	S+475 bp	Oct 4, 2028
M•••• P•• P•••••••• L•• C•••••••	revolver first lien	$4.0M	$3.8M 96c	S+600 bp	Dec 10, 2026
B••••• C•••.	unstated lien unstated	$3.8M	$3.8M 99c	S+400 bp	Apr 18, 2025
M•••••• D•••• H•••••••• I••. H•••••care	unstated lien unstated	$3.8M	$3.8M 101c	S+1000 bp PIK 9.00%	Jun 1, 2025
P•••• B•••••••• A••••••••• L•• Telecom	unstated lien unstated	n/a	$3.8M 148c
O•••• P•••••••• L••	unstated lien unstated	$3.7M	$3.7M 101c	S+425 bp	Jul 25, 2030
UKG, Inc.	unstated lien unstated	$3.6M	$3.6M 103c	S+450 bp	May 4, 2026
W••• L•• Business Services	unstated lien unstated	$3.6M	$3.6M 102c	S+575 bp	Sep 5, 2025
F•••••••• E••••• O••••••••• L•• E•••••	unstated lien unstated	n/a	$3.5M 169c
P••••• C••• C••••••• L•• H•••••care	unstated lien unstated	$3.5M	$3.5M 99c	S+625 bp	Feb 13, 2026
A•••• Investments Holdings, LLC Chemicals	unstated lien unstated	$3.8M	$3.5M 93c	S+775 bp	Nov 24, 2028
C••••• D• S••••• H•••••• U•• N••••• I••.	unstated lien unstated	$3.5M	$3.5M 100c	S+425 bp	Mar 8, 2030
A•••• AB M••••• Sub, Inc.	unstated lien unstated	$3.8M	$3.4M 91c	S+425 bp	Apr 30, 2024
W••• P•••••••• I••• I••. H•••••care	revolver first lien	$4.2M	$3.4M 81c	S+575 bp	Jun 22, 2026
C•• H••••••• I• C•••.	unstated lien unstated	$3.4M	$3.4M 100c	S+350 bp	Nov 8, 2027
W•••••• H••••••• I••• L••	unstated lien unstated	$3.3M	$3.3M 102c	S+450 bp	Aug 1, 2030
B••• O••••••••• B••••• I••. H•••••care	unstated lien unstated	$3.4M	$3.3M 95c	S+625 bp PIK 3.00%	Dec 29, 2028
B••• O••••••••• B••••• I••. H•••••care	unstated lien unstated	$3.4M	$3.3M 95c	S+625 bp	Dec 29, 2028
M•••••• B•••• I••••••••• L••	unstated lien unstated	$3.3M	$3.3M 100c	S+500 bp	Dec 1, 2028
O•••• T••••• C•• 2••••• E• Structured finance (CLO)	unstated lien unstated	$3.5M	$3.2M 102c	S+811 bp	Jul 20, 2035
S•••• P•••• C••, Ltd. 17-1A E Structured finance (CLO)	unstated lien unstated	$4.0M	$3.2M 88c	S+596 bp	Jan 23, 2029
A•••• AB M••••• Sub, Inc. Financials	unstated lien unstated	$8.2M	$3.2M 41c	S+800 bp	Apr 30, 2025
U• O••• S•••••• M••••••••• H•••••• L•• H•••••care	unstated lien unstated	$3.1M	$3.0M 99c	S+650 bp	Nov 18, 2027
T•••••••• P•••••••• I••. C•••••••	unstated lien unstated	$3.0M	$3.0M 100c	13.00% PIK 2.00%	Nov 20, 2024
U••••• A•••••••• I••.	unstated lien unstated	$3.0M	$3.0M 100c	S+375 bp	Apr 21, 2028
M••••	revolver first lien	$2.9M	$2.9M 100c	S+650 bp	Jul 29, 2026
P•••• S•••• L••	unstated lien unstated	$3.5M	$2.9M 83c	S+475 bp	Jan 26, 2029
I•• O••••••••• L•• Business Services	revolver first lien	$2.9M	$2.9M 98c	S+525 bp	Nov 22, 2027
J•••••••• C••, Ltd. 22-18A E Structured finance (CLO)	unstated lien unstated	$3.0M	$2.8M 103c	S+787 bp	Jul 25, 2035
S•• C•••• H•••••• A••••••••• C•••. H•••••care	revolver first lien	$2.8M	$2.8M 100c	S+600 bp	Oct 30, 2026
F•••• P••••••• C••• L••	unstated lien unstated	$2.8M	$2.8M 100c	S+475 bp	Dec 29, 2028
P•••••• Vet A•••••••, LLC	unstated lien unstated	$2.9M	$2.7M 93c	S+375 bp	Mar 31, 2027
A••• C•••••• I••••••••• H•••••••• L•• H•••••care	unstated lien unstated	$2.8M	$2.7M 99c	S+650 bp	May 7, 2027
Z••• C•• 1•, Ltd. 19-13A D1 Structured finance (CLO)	unstated lien unstated	$3.0M	$2.7M 99c	S+452 bp	Jul 15, 2032
S••••• G••••• S••••••••• L•• Business Services	revolver first lien	$2.7M	$2.7M 100c	S+675 bp	Apr 19, 2024
W••••••• P••••••••• S•••••••• I••. Business Services	unstated lien unstated	$2.7M	$2.7M 100c	S+600 bp	May 26, 2026
M••••••• P••••••• C•••••••• F•••••• C••, Ltd. 21-1A D Structured finance (CLO)	unstated lien unstated	$3.0M	$2.7M 94c	S+748 bp	Oct 20, 2034
T••••••• C••• 2••••••, Ltd. 21-2A E	unstated lien unstated	$3.0M	$2.7M 91c	S+720 bp	Oct 25, 2034
Co., 428 S•••	unstated lien unstated	$3.7M	$2.7M 73c	S+500 bp	Jan 3, 2029
N••••••••• Capital, Ltd. 17-15A ER	unstated lien unstated	$3.0M	$2.6M 90c	S+764 bp	Jun 20, 2034
K•••••• M•••••• C••• L••. Industrials	unstated lien unstated	$3.0M	$2.6M 88c	4.88%	May 1, 2028
W••• L•• Business Services	unstated lien unstated	$2.6M	$2.6M 100c	S+575 bp	Sep 5, 2024
S••••••• C••, Ltd. 2012-9A ER2 Structured finance (CLO)	unstated lien unstated	$3.0M	$2.6M 93c	S+695 bp	Jul 16, 2032
T•••••••• P•••••••• I••. C•••••••	unstated lien unstated	$3.5M	$2.6M 95c	13.00% PIK 2.00%	Nov 20, 2024
V•••••• C•• 4•, Ltd. 21-43A E Structured finance (CLO)	unstated lien unstated	$3.0M	$2.5M 87c	S+715 bp	Apr 15, 2034
V•••••• C••, Ltd. 16-23A ER2	unstated lien unstated	$3.0M	$2.5M 87c	S+755 bp	Jul 19, 2034
G••• W M••••• Sub, LLC	unstated lien unstated	$2.5M	$2.5M 100c	S+300 bp	Sep 20, 2030
C••••• D• S••••• H•••••• U•• N••••• I••. M••••/Entertainment	unstated lien unstated	n/a	$2.5M 567c
H••••••••• L••• M•••••••••, Ltd. 11A-17 E	unstated lien unstated	$3.0M	$2.4M 89c	S+610 bp	May 6, 2030
F••• A••••••••• C••••••• I••.	unstated lien unstated	$2.5M	$2.4M 101c	S+418 bp	Apr 13, 2029
W••• L•• Business Services	unstated lien unstated	$2.4M	$2.4M 100c	S+575 bp	Sep 5, 2025
A••••• G•••• C•••••••• C•••• P•••• • Packaging	unstated lien unstated	$6.7M	$2.4M 44c	S+775 bp	Jun 7, 2026
D•••••• A••••••••• C••• I••.	unstated lien unstated	$2.4M	$2.4M 100c	S+400 bp	Aug 24, 2028
A••• G••••• P••••••••• L•• Industrials	revolver first lien	$2.3M	$2.3M 100c	S+475 bp	Apr 1, 2026
H••••• K•••••••• X•, Ltd. 19-2A ER	unstated lien unstated	$2.5M	$2.3M 96c	S+772 bp	Oct 20, 2034
K•••••••• P•• B••••• I••. Business Services	unstated lien unstated	$2.3M	$2.3M 100c	S+575 bp	Dec 10, 2027
A••••• S•••••••• L••	unstated lien unstated	$2.4M	$2.3M 94c	S+350 bp	Mar 6, 2025
A••••• C••••••••• R••• E••••• F••••••• I••.	unstated lien unstated	$3.0M	$2.3M 76c	4.63%	Jun 15, 2029
I•• O••••••••• L•• Business Services	revolver first lien	$2.3M	$2.2M 101c	S+525 bp	Nov 22, 2028
A•••• H••••••• C•••.	unstated lien unstated	$2.5M	$2.2M 90c	S+850 bp PIK 7.00%	Aug 1, 2028
B•••• M••••••• S•••• L•• E•••••	unstated lien unstated	n/a	$2.2M
S••• S••• Holdings, Inc.	revolver first lien	$2.2M	$2.2M 100c	S+400 bp	Mar 16, 2027
A••••• P•••••• I••. Industrials	unstated lien unstated	$2.2M	$2.2M 98c	S+575 bp	Oct 29, 2027
C••••••• C••••• P••••••• C••, Ltd. 17 1A E Structured finance (CLO)	unstated lien unstated	$2.5M	$2.2M 95c	S+645 bp	Oct 15, 2029

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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