DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
M••••• C•••••• C•••
Business development companymanaged by M• A•••••••Non-tradedLatest schedule Dec 31, 2025· CHICAGO, IL
A non-traded business development company, managed by M• A•••••••, holding $335M across 90 borrowers at Dec 31, 2025.
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
- $335M
- Borrowers
- 90
- Mark on cost
- 91.2¢
- First lien
- 81%
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: 31 Dec 2025, 10 borrowers on non-accrual, $21.2M principal; the largest is M• R••••••••• I•• L•• ($8.1M).
Every headline figure, and the identifiersCIK 1512931 · file 814-00866ShowHide
Fair value
$335M
as of Dec 31, 2025
Principal held
$354M
debt pieces, the filer's figure
Cost
$373M
91c on cost, debt pieces
Unfunded
$20.5M
commitments not yet drawn
Positions
359
90 borrowers
First lien
81%
90% debt by fair value
Quarters on the tape
19
since Dec 31, 2020
Facilities held
0
0 sponsors financed
Portfolio through time
Fair value by quarter end$413M as of Dec 31, 2025
Dec 31, 2020$149M then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Dec 31, 2025 | $413M | 90 | 91c | 75 | 678 bp |
| Sep 30, 2025 | $466M | 80 | 89c | 75 | 683 bp |
| Jun 30, 2025 | $474M | 81 | 90c | 67 | 682 bp |
| Mar 31, 2025 | $546M | 89 | 92c | 72 | 683 bp |
All 19 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Dec 31, 2024 | $1.8B | 97 | 93c | 252 | 680 bp |
| Sep 30, 2024 | $712M | 97 | 95c | 83 | 666 bp |
| Jun 30, 2024 | $633M | 96 | 96c | 77 | 693 bp |
| Mar 31, 2024 | $647M | 100 | 96c | 72 | 692 bp |
| Dec 31, 2023 | $922M | 99 | 96c | 97 | 701 bp |
| Sep 30, 2023 | $665M | 126 | 97c | 66 | 713 bp |
| Jun 30, 2023 | $768M | 160 | 98c | 66 | 686 bp |
| Mar 31, 2023 | $719M | 106 | 98c | 85 | 749 bp |
| Dec 31, 2022 | $1.5B | 187 | 96c | 163 | 699 bp |
| Sep 30, 2022 | $545M | 101 | 99c | 60 | 724 bp |
| Jun 30, 2022 | $129M | 12 | n/a | 0 | n/a |
| Mar 31, 2022 | $132M | 12 | n/a | 0 | n/a |
| Dec 31, 2021 | $856M | 131 | 101c | 67 | 695 bp |
| Sep 30, 2021 | $137M | 16 | n/a | 0 | n/a |
| Dec 31, 2020 | $149M | 13 | n/a | 0 | n/a |
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
- Placed on non-accrualDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down (one lender)Dec 31, 2025
Full timeline · 20 eventsShow fewer
- Marked down (one lender)Dec 31, 2025
- Spread increasedDec 31, 2025
- PIK interest appearsDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Lender left a facilitySep 30, 2025
- Placed on non-accrualSep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Marked down (one lender)Sep 30, 2025
- PIK interest appearsSep 30, 2025
- PIK interest appearsSep 30, 2025
- PIK interest increasedSep 30, 2025
Schedule of investments at Jun 30, 2023
439 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| H••••••• M••••••••• C•••••• | term loan first lien | $678,000 | $685,000 101c | SOFR+760 bp | Dec 31, 2024 |
| M•••••••• I••• | term loan first lien | $674,000 | $673,000 100c | //www.monroebdc.com/20230630#London Interbank Offered Rate+700 bp | Feb 14, 2025 |
| R••••••• H••••• G••••• L• L• C• | term loan first lien | $656,000 | $648,000 99c | SOFR+600 bp | Nov 20, 2025 |
| K••••••• G••• P•••••••• L•• | term loan first lien | $599,000 | $596,000 101c | SOFR+615 bp | Dec 11, 2028 |
| B• L• S• T• O•••••••• C••••••• L• L• C• | term loan first lien | $618,000 | $581,000 152c | //www.monroebdc.com/20230630#London Interbank Offered Rate+1361 bp PIK 12.61% | Aug 28, 2025 |
| H• S• A••••••••• I••• | revolver first lien | $817,000 | $557,000 99c | SOFR+685 bp PIK 11.95% | Jul 9, 2025 |
| R••••••• B••••••••• L•• | term loan first lien | Not disclosed | $557,000 | ||
| W••••••• P••••• H••••••• I• I• I• I••• | revolver first lien | $563,000 | $555,000 99c | SOFR+675 bp | Jun 2, 2028 |
| E•••••• E••••• I••• | revolver first lien | $550,000 | $550,000 | SOFR+735 bp | Dec 31, 2023 |
| K• M••• A••••••••• L•• | equity equity | Not disclosed | $544,000 111c | ||
| A••••••• C•••••••• H••••• I••• | term loan first lien | Not disclosed | $532,000 | ||
| A••••••• C•••••••• H••••• I••• | term loan first lien | Not disclosed | $532,000 | ||
| A••••••• C•••••••• H••••• I••• | term loan first lien | $727,000 | $532,000 73c | SOFR+811 bp PIK 13.22% | Dec 31, 2026 |
| P••••••• I•• | term loan first lien | $530,000 | $528,000 101c | SOFR+650 bp | Dec 28, 2026 |
| V•••••• P••••••• L• L• C• E••••• S••••••••• | equity equity | Not disclosed | $521,000 104c | PIK 10.00% | |
| M•••• H•••••••• I•• | revolver first lien | $533,000 | $518,000 100c | SOFR+826 bp PIK 5.00% | Dec 30, 2024 |
| M•••• H•••••••• I••• | revolver first lien | Not disclosed | $518,000 | S+826 bp | Dec 30, 2023 |
| M•••• H•••••••• I••• | revolver first lien | Not disclosed | $518,000 | ||
| C•••••• A••••• H•••••• L• L• C• | revolver first lien | $1.3M | $471,000 95c | SOFR+601 bp | Jun 30, 2027 |
| A•••• I••••••••• H•••••• L• L• C• | term loan first lien | $466,000 | $461,000 99c | SOFR+661 bp | Jul 3, 2025 |
| K•• W••• H•••••••• L• L• C• | revolver first lien | $572,000 | $455,000 100c | SOFR+650 bp | Feb 26, 2027 |
| C•••••• • P••• B••••• O•••• L• L• C• a•• P•••••• N••••••• G••• C••• L• L• C• | revolver first lien | $1.4M | $453,000 100c | SOFR+825 bp | Apr 30, 2025 |
| A•••• I••••••••• H•••••• L• L• C• E••••• S••••••••• | equity equity | Not disclosed | $448,000 151c | ||
| P••••••• I••• | revolver first lien | $442,000 | $440,000 100c | SOFR+650 bp | Dec 28, 2026 |
| N••• C••••••••• L•• | revolver first lien | Not disclosed | $426,000 | ||
| N• E• C• B• C••••••••• L• L• C• | revolver first lien | $1.4M | $426,000 32c | //www.monroebdc.com/20230630#London Interbank Offered Rate+1100 bp PIK 16.94% | |
| B• L• S• T• O•••••••• C••••••• L• L• C• E••••• S••••••••• | equity equity | Not disclosed | $420,000 59c | ||
| B••• T• R••• L•• | term loan first lien | $467,000 | $417,000 89c | //www.monroebdc.com/20230630#London Interbank Offered Rate+600 bp | Apr 1, 2027 |
| V••• G•••• H•••••• I••• | term loan first lien | $400,000 | $400,000 100c | SOFR+1200 bp PIK 12.00% | Nov 17, 2023 |
| C• H• A• H•••••••• I•• | term loan first lien | $411,000 | $396,000 | SOFR+476 bp | Apr 10, 2025 |
| A•••• I••••••••• H•••••• L• L• C• | term loan first lien | $400,000 | $396,000 102c | SOFR+661 bp | Jul 3, 2025 |
| M• C• P• S••• A••••••••• L• L• C• E••••• S••••••••• | equity equity | Not disclosed | $388,000 326c | ||
| L••••••••• S•• I•• L•• | term loan first lien | $432,000 | $383,000 89c | SOFR+1075 bp PIK 15.97% | Sep 30, 2023 |
| N• P• P•••••• C•••••••• M•••• I•••• E••••• S••••••••• | equity equity | Not disclosed | $364,000 111c | ||
| P•••••• H••••••••• | term loan first lien | $365,000 | $361,000 | SOFR+575 bp | Jan 19, 2027 |
| V••• G•••• H•••••• I•••• J••••• | term loan first lien | $517,000 | $358,000 69c | ||
| Q•••• R••••••• M••••••••• G••••• L•• | term loan first lien | $350,000 | $344,000 98c | SOFR+711 bp | Oct 20, 2025 |
| V••• G•••• H•••••• I•••• J••••• | term loan first lien | $494,000 | $342,000 69c | ||
| S••• C••••••••• M•• C•• L• L• C• | term loan first lien | $335,000 | $332,000 100c | SOFR+685 bp | Jan 12, 2027 |
| E•••• F•••••• H•••••••• I••• | revolver first lien | $625,000 | $330,000 | SOFR+535 bp | Apr 28, 2028 |
| W••••••• M••••• 7•• J• V• L• L• C• | delayed draw term loan unsecured or subordinated | $1.2M | $308,000 100c | PIK 4.00% | Jul 22, 2026 |
| N•••• H•••• U• S• H• C• A••••••••• I••• | term loan first lien | $416,000 | $305,000 98c | SOFR+650 bp | Oct 30, 2025 |
| D••••• A••••••••• I••• E••••• S••••••••• | equity equity | Not disclosed | $305,000 | ||
| S•••• H•••••••• I••• | term loan first lien | Not disclosed | $300,000 100c | S+625 bp | |
| I• D• I• G• P•••••• L• L• C• E••••• S••••••••• | equity equity | Not disclosed | $293,000 118c | ||
| D••••••••• P•••••••• L•• | delayed draw term loan first lien | $330,000 | $288,000 99c | SOFR+700 bp | Sep 1, 2028 |
| C•••••• • P••• B••••• O•••• L• L• C• a•• P•••••• N••••••• G••• C••• L• L• C• | delayed draw term loan first lien | $285,000 | $286,000 100c | SOFR+825 bp | Apr 30, 2025 |
| A•••• I••••••••• H•••••• L• L• C• | term loan first lien | $274,000 | $272,000 100c | SOFR+661 bp | Jul 3, 2025 |
| V•••••• P••••••• L•• | term loan first lien | $277,000 | $271,000 98c | SOFR+750 bp PIK 12.72% | Dec 29, 2023 |
| R••••••• F•••••• I••• E••••• S••••••••• | equity equity | Not disclosed | $269,000 332c | ||
| S••••••••• A••••••• L•• | term loan first lien | $269,000 | $262,000 | //www.monroebdc.com/20230630#London Interbank Offered Rate+501 bp | Dec 29, 2028 |
| P• K• S• H•••••••• L• L• C• E••••• S••••••••• | preferred equity equity | Not disclosed | $256,000 441c | PIK 12.00% | |
| S••• C••••••••• M•• C•• L• L• C• | term loan first lien | $256,000 | $254,000 102c | SOFR+685 bp | Jan 12, 2027 |
| A• T••••••• H•••••• C••••••• I••• E••••• S••••••••• | equity equity | Not disclosed | $248,000 218c | ||
| S••••• O•••••••• H••••••• I•• L•• | delayed draw term loan first lien | $2.4M | $244,000 101c | SOFR+575 bp | Nov 3, 2027 |
| K• M••• A••••••••• L•• | revolver first lien | $813,000 | $244,000 100c | SOFR+675 bp | Feb 1, 2029 |
| D•••••• U•••••• S••••••••• L• L• C• ••• N• G• S• U• S• F••••• L• L• C• | term loan first lien | $244,000 | $238,000 | SOFR+535 bp | Oct 1, 2025 |
| C•••••••• I••• | revolver first lien | $409,000 | $233,000 100c | SOFR+700 bp | Apr 16, 2027 |
| L••••• T••••• H•••••••• L• L• C• | revolver first lien | $1.7M | $220,000 99c | //www.monroebdc.com/20230630#London Interbank Offered Rate+575 bp | Aug 2, 2027 |
| V••• G•••• H•••••• I•••• J••••• | term loan first lien | $316,000 | $219,000 69c | ||
| X•• E•• P••••••••• I••• E••••• S••••••••• | equity equity | Not disclosed | $215,000 439c | PIK 8.00% | |
| Q•••• R••••••• M••••••••• G••••• L• L• C• E••••• S••••••••• | warrants equity | Not disclosed | $211,000 315c | Mar 19, 2028 | |
| D••••• A••••••••• I••• E••••• S••••••••• | equity equity | Not disclosed | $209,000 101c | ||
| E•••••• W••• A••••••••• C••••••• L•• | revolver first lien | $379,000 | $209,000 100c | SOFR+650 bp | Jul 14, 2028 |
| V•• E••••••••• I••• E••••• S••••••••• | equity equity | Not disclosed | $194,000 96c | ||
| K••••••• G••• P•••••••• L•• | delayed draw term loan first lien | $720,000 | $191,000 99c | SOFR+615 bp | Dec 11, 2028 |
| R••••••• P••••••• I••••••••• L• L• C• | revolver first lien | $473,000 | $179,000 95c | //www.monroebdc.com/20230630#London Interbank Offered Rate+675 bp | Aug 4, 2026 |
| M•• B•••• L••• E••••• S••••••••• | equity equity | Not disclosed | $155,000 100c | ||
| Q•••• R••••••• M••••••••• G••••• L• L• C• E••••• S•••••••• | warrants equity | Not disclosed | $148,000 | Mar 19, 2028 | |
| V••• G•••• H•••••• I•••• J••••• | term loan first lien | $196,000 | $136,000 69c | ||
| L• V• F• H•••••••• I••• | revolver first lien | $238,000 | $134,000 97c | SOFR+640 bp | Jun 10, 2027 |
| D••••••••• P•••••••• L••• E••••• S••••••••• | equity equity | Not disclosed | $123,000 95c | ||
| A••••••• B•••••••• a•• T••••••••• C•••••• L• L• C• | revolver first lien | $500,000 | $122,000 100c | Prime+1200 bp PIK 2.00% | Jun 10, 2025 |
| A•••• I••••••••• H•••••• L•• | revolver first lien | $320,000 | $119,000 99c | SOFR+661 bp | Jul 3, 2025 |
| A• S• G• I• I• L• L• C• • D•••••• D••••• U••••••••• S•••••• | delayed draw term loan first lien | $285,000 | $111,000 100c | SOFR+640 bp | May 25, 2028 |
| E••••••• G••••• L• L• C• | delayed draw term loan first lien | $740,000 | $108,000 | SOFR+550 bp | Apr 14, 2028 |
| E•••••• W••• A••••••••• C••••••• L• L• C• E••••• S••••••••• | equity equity | Not disclosed | $107,000 86c | PIK 8.00% | |
| A••• C••••••••• | revolver first lien | $150,000 | $100,000 100c | SOFR+650 bp | Apr 13, 2027 |
| S••• C••••••••• M•• C•• L• L• C• | revolver first lien | $322,000 | $92,000 98c | SOFR+685 bp | Jan 12, 2027 |
| L••••• T••••• H•••••••• L• L• C• E••••• S••••••••• | equity equity | Not disclosed | $92,000 83c | ||
| C•••••• L• L• C• | revolver first lien | $167,000 | $92,000 | SOFR+625 bp | Sep 11, 2025 |
| V••• G•••• H•••••• I••• | term loan first lien | $88,000 | $88,000 100c | SOFR+1200 bp PIK 12.00% | Nov 17, 2023 |
| A••••••• C•••••••• H••••• I••• | term loan first lien | Not disclosed | $83,000 | ||
| A••••••• C•••••••• H••••• I••• | term loan first lien | Not disclosed | $83,000 | ||
| A••••••• C•••••••• H••••• I••• | term loan first lien | $114,000 | $83,000 73c | SOFR+811 bp PIK 13.22% | Dec 31, 2026 |
| T•••• C••••••• I••• | delayed draw term loan first lien | $225,000 | $81,000 98c | SOFR+675 bp | Feb 16, 2028 |
| T• J• M••••••••• H••• C• L• L• C• | revolver first lien | $477,000 | $80,000 100c | //www.monroebdc.com/20230630#London Interbank Offered Rate+561 bp | Jun 28, 2024 |
| T• M••••••••• H•••••• L•• | revolver first lien | Not disclosed | $80,000 | ||
| I••••••••• B••••• I•••• E••••• S••••••••• | equity equity | Not disclosed | $79,000 98c | ||
| K•• W••• H•••••••• L• L• C• E••••• S••••••••• | equity equity | Not disclosed | $75,000 73c | ||
| E••••• N••••••• L• L• C• E••••• S••••••••• | equity equity | Not disclosed | $72,000 65c | ||
| C•••••••• T••••••••• I••• | term loan first lien | $60,000 | $60,000 100c | SOFR+725 bp | Feb 28, 2025 |
| W••••••• P••••• H••••••• I• I• I• I••• | delayed draw term loan first lien | Not disclosed | $55,000 98c | SOFR+675 bp | Jun 2, 2028 |
| B••• T• R••• L• L• C• E••••• S••••••••• | equity equity | Not disclosed | $55,000 20c | ||
| S•••••• G••••• I••• E••••• S••••••••• | equity equity | Not disclosed | $54,000 67c | ||
| A••••••• B•••••••• a•• T••••••••• C•••••• L• L• C• E••••• S••••••••• | warrants equity | Not disclosed | $54,000 129c | Jun 10, 2032 | |
| C••••••••• L• L• C• E••••• S••••••••• | equity equity | Not disclosed | $49,000 56c | ||
| P• K• S• H•••••••• L• L• C• E••••• S••••••••• | preferred equity equity | Not disclosed | $40,000 444c | PIK 12.00% | |
| P• K• S• H•••••••• L• L• C• E••••• S••••••••• | preferred equity equity | Not disclosed | $40,000 444c | PIK 12.00% | |
| R••••••• H••••• G••••• L• L• C• E••••• S••••••••• | preferred equity equity | Not disclosed | $36,000 90c | PIK 12.00% |
Registration
- Fiscal year end
- 1231reported
- Incorporated
- NYreported
- On the SEC BDC report
- 2012 to 2025reported
- Filings listed
- 17reported10-Q and 10-K since 2022
- Latest schedule
- 0001512931-26-000011reported