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.
BDC portfolio
CION Investment Corp
Fair value
$1.9B
as of Jun 30, 2026
Principal held
$1.6B
debt pieces, the filer's figure
Cost
$2.0B
94c on cost
Unfunded
$50.5M
commitments not yet drawn
Positions
394
113 borrowers
First lien
61%
71% debt by fair value
Quarters on the tape
17
since Dec 31, 2021
Facilities held
190
13 sponsors financed
Portfolio through time
Fair value by quarter end$1.9B as of Jun 30, 2026
Dec 31, 2020$12.5M then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $1.9B | 113 | 89c | 37 | 719 bp |
| Mar 31, 2026 | $1.9B | 117 | 89c | 37 | 694 bp |
| Dec 31, 2025 | $5.6B | 131 | 91c | 76 | 696 bp |
| Sep 30, 2025 | $1.9B | 127 | 92c | 36 | 704 bp |
| Jun 30, 2025 | $1.8B | 129 | 92c | 36 | 676 bp |
| Mar 31, 2025 | $1.9B | 127 | 94c | 34 | 679 bp |
| Dec 31, 2024 | $2.7B | 153 | 112c | 37 | 721 bp |
| Sep 30, 2024 | $1.9B | 137 | 96c | 34 | 704 bp |
| Jun 30, 2024 | $2.0B | 139 | 96c | 32 | 706 bp |
| Mar 31, 2024 | $2.0B | 134 | 96c | 31 | 715 bp |
| Dec 31, 2023 | $2.7B | 149 | 108c | 32 | 715 bp |
| Sep 30, 2023 | $1.9B | 130 | 95c | 26 | 718 bp |
| Jun 30, 2023 | $1.9B | 134 | 94c | 30 | 735 bp |
| Mar 31, 2023 | $1.8B | 130 | 93c | 32 | 736 bp |
| Dec 31, 2022 | $2.2B | 149 | 103c | 32 | 737 bp |
| Sep 30, 2022 | $1.8B | 138 | 96c | 0 | 714 bp |
| Dec 31, 2021 | $2.1B | 143 | 104c | 0 | 791 bp |
| Dec 31, 2020 | $12.5M | 1 | 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
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- PIK interest appearsJun 30, 2026
- Spread increasedJun 30, 2026
- PIK interest increasedJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
Largest facilities held, with co-lenders
- David's Bridal Holdings, LLC first lien term loan1 BDC hold it · matures Dec 21, 2027$149M 93c
- Anthem Sports & Entertainment Inc first lien term loan2 BDCs hold it · matures Nov 15, 2027$69.0M 76c
- Instant Web, LLC first lien term loan1 BDC hold it · matures Feb 23, 2029$68.1M 63c
- Cennox, Inc first lien term loan2 BDCs hold it · matures May 4, 2029$43.4M 94c
- Inotiv, Inc first lien term loan2 BDCs hold it · matures Nov 5, 2026 · EIV Capital, LLC$39.5M 110c
- WorkGenius, Inc second lien term loan1 BDC hold it · matures Jun 7, 2027$38.9M 100c
- JP Intermediate B, LLC first lien term loan3 BDCs hold it · matures Mar 31, 2031$37.5M 98c
- Lift Brands, Inc first lien term loan2 BDCs hold it · matures Sep 30, 2026 · TZP Management Associates, LLC$37.0M 101c
- Homer City Generation, L.P first lien term loan1 BDC hold it · matures Apr 16, 2028$36.6M 98c
- CION first lien term loan1 BDC hold it · matures Dec 21, 2027$36.0M 100c
- Entertainment Studios P & A LLC first lien term loan1 BDC hold it · matures May 18, 2037$33.3M 101c
- American Clinical Solutions LLC first lien term loan3 BDCs hold it · matures Jun 30, 2027$33.2M 75c
Schedule of investments at Jun 30, 2026
394 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| Short-Term Investments | First American Treasury Obligations | unstated lien unstated | n/a | $155M 100c | 3.53% | |
| Longview Intermediate Holdings C, LLC | equity equity | n/a | $109M 842c | ||
| David's Bridal, Inc. | term loan first lien | $92.9M | $84.5M 91c | S+650 bp | Dec 21, 2027 |
| Carestream Health Holdings, Inc. | equity equity | n/a | $40.9M 165c | ||
| Instant Web, LLC | term loan first lien | $60.3M | $36.2M 60c | S+700 bp | Feb 23, 2029 |
| CION/EagleTree Partners, LLC | term loan first lien | $36.0M | $36.0M 100c | 14.00% | Dec 21, 2027 |
| Cennox, Inc. | term loan first lien | $38.4M | $35.8M 94c | S+675 bp | May 4, 2029 |
| Entertainment Studios P&A LLC | term loan first lien | $33.3M | $33.3M 100c | S+900 bp | Sep 30, 2030 |
| Hilliard, Martinez & Gonzales, LLP | term loan first lien | $29.5M | $29.0M 99c | S+1200 bp | Apr 30, 2025 |
| Inotiv, Inc. | term loan first lien | $31.6M | $27.6M 112c | S+750 bp | Nov 5, 2026 |
| Gold Medal Holdings, Inc. | term loan first lien | $26.9M | $26.9M 100c | S+575 bp | Mar 17, 2027 |
| WorkGenius, Inc. | term loan second lien | $26.1M | $26.1M 100c | S+700 bp | Jun 7, 2027 |
| Community Tree Service, LLC | term loan first lien | $24.7M | $24.7M 100c | S+800 bp | Jun 17, 2027 |
| American Clinical Solutions LLC | term loan first lien | $32.2M | $24.5M 75c | S+0 bp | Jun 30, 2027 |
| JP Intermediate B, LLC | term loan first lien | $27.2M | $23.7M 87c | S+550 bp | Mar 31, 2031 |
| Wok Holdings Inc. | term loan second lien | $24.2M | $23.2M 98c | S+625 bp | Sep 3, 2029 |
| Klein Hersh, LLC | term loan first lien | $22.9M | $21.7M 101c | S+800 bp | Apr 27, 2028 |
| Riddell, Inc. / All American Sports Corp. | term loan first lien | $21.5M | $21.5M 101c | S+600 bp | Mar 29, 2029 |
| Core Health & Fitness, LLC | term loan first lien | $19.6M | $21.1M 109c | S+800 bp | Jun 17, 2029 |
| Lift Brands, Inc. | term loan first lien | $20.9M | $21.1M 101c | S+750 bp | Sep 30, 2026 |
| Anthem Sports & Entertainment Inc. | term loan first lien | $29.2M | $20.6M 76c | 10.00% | Nov 15, 2027 |
| SRA Parent, LLC | equity equity | n/a | $19.6M 98c | ||
| BDS Solutions Intermediateco, LLC | term loan first lien | $19.4M | $19.4M 100c | S+675 bp | Feb 7, 2027 |
| JuicePlus Topco, LLC | equity equity | n/a | $19.0M 61c | ||
| Homer City Generation, L.P. | term loan first lien | $19.7M | $18.9M 95c | 15.00% | Apr 16, 2028 |
| Live Comfortably Borrower LLC | term loan first lien | $21.8M | $18.8M 87c | S+1000 bp | Sep 19, 2027 |
| Trammell, P.C. | term loan second lien | $18.6M | $18.6M 100c | S+1550 bp | May 29, 2028 |
| ICA Foam Holdings, LLC | term loan first lien | $18.6M | $18.5M 100c | S+600 bp | Dec 5, 2026 |
| Dependable Acquisition Inc. | term loan first lien | $18.3M | $18.3M 100c | S+650 bp | Mar 9, 2032 |
| SHF Holdings, Inc. | term loan first lien | $18.0M | $18.0M 100c | S+550 bp | Jan 22, 2030 |
| David's Bridal, Inc. | term loan first lien | $19.0M | $17.2M 91c | S+600 bp | Dec 21, 2027 |
| Homer City Generation, L.P. | term loan first lien | $16.9M | $17.1M 102c | 17.00% | Apr 16, 2028 |
| CHC Medical Partners, Inc. | preferred equity equity | n/a | $17.1M 171c | ||
| Carestream Health Holdings, Inc. | equity equity | n/a | $16.8M 77c | ||
| David's Bridal, Inc. | term loan first lien | $16.7M | $16.7M 100c | S+600 bp | Dec 21, 2027 |
| CSC ServiceWorks East, LLC | term loan first lien | $19.8M | $16.5M 97c | S+400 bp | Sep 4, 2030 |
| Celerity Acquisition Holdings, LLC | term loan first lien | $16.4M | $16.2M 99c | S+850 bp | Apr 30, 2027 |
| Appalachian Resource Company, LLC | term loan first lien | $15.7M | $15.7M 100c | S+500 bp | Dec 31, 2025 |
| Optio Rx, LLC | term loan first lien | $15.7M | $15.4M 98c | S+1000 bp | Mar 21, 2030 |
| Berlitz Holdings, Inc. | term loan first lien | $18.4M | $15.3M 83c | S+900 bp | Jul 31, 2026 |
| APS Acquisition Holdings, LLC | term loan first lien | $14.4M | $14.4M 99c | S+550 bp | Jul 11, 2029 |
| LAV Gear Holdings, Inc. | term loan first lien | $16.5M | $13.6M 83c | S+594 bp | Jul 31, 2029 |
| CrossLink Professional Tax Solutions, LLC | term loan first lien | $13.5M | $13.5M 100c | S+525 bp | Jun 30, 2028 |
| Playboy Enterprises, Inc. | term loan first lien | $13.5M | $13.5M 100c | S+625 bp | May 25, 2028 |
| American Health Staffing Group, Inc. | term loan first lien | $13.4M | $13.4M 100c | S+500 bp | Nov 19, 2028 |
| FuseFX, LLC | term loan first lien | $22.0M | $13.4M 61c | S+600 bp | Sep 30, 2027 |
| Revolt Media and TV, LLC | term loan first lien | $13.2M | $12.9M 100c | Jul 31, 2029 | |
| David's Bridal Holdings, LLC | preferred equity equity | n/a | $12.9M 119c | ||
| Anthem Sports & Entertainment Inc. | term loan first lien | $13.3M | $12.8M 96c | S+550 bp | Nov 15, 2027 |
| SRA Parent, LLC | preferred equity equity | n/a | $12.6M 100c | ||
| Bradshaw International Parent Corp. | term loan first lien | $12.6M | $12.5M 100c | S+575 bp | Oct 21, 2027 |
| Stengel Hill Architecture, LLC | term loan second lien | $12.5M | $12.5M 100c | S+675 bp | Aug 16, 2028 |
| URS Topco, LLC | equity equity | n/a | $12.0M 124c | ||
| Ancile Solutions, Inc. | term loan first lien | $10.1M | $11.9M 119c | S+1000 bp | Jun 11, 2026 |
| Trademark Global, LLC | term loan second lien | $21.9M | $11.9M 62c | S+850 bp | Jun 30, 2027 |
| Cabi, LLC | term loan first lien | $11.9M | $11.8M 99c | S+600 bp | Jul 31, 2028 |
| Straine Dental Management, LLC | term loan second lien | $11.7M | $11.6M 100c | S+742 bp | Nov 25, 2030 |
| David's Bridal Holdings, LLC | equity equity | n/a | $11.4M 49c | ||
| Invincible Boat Company LLC | term loan first lien | $14.0M | $11.4M 82c | S+750 bp | Mar 31, 2028 |
| Avison Young (Canada) Inc./Avison Young (USA) Inc. | term loan first lien | $12.4M | $11.1M 101c | S+750 bp | Mar 12, 2029 |
| Tactical Air Support, Inc. | term loan second lien | $10.9M | $10.9M 100c | S+850 bp | Dec 22, 2028 |
| IPP Buyer Holdings, LLC | equity equity | n/a | $10.9M 102c | ||
| Thrill Holdings LLC | term loan second lien | $18.2M | $10.4M 57c | S+600 bp | May 27, 2027 |
| RA Outdoors, LLC | term loan first lien | $12.6M | $10.1M 80c | S+675 bp | Jun 30, 2027 |
| Palmetto Clean Technology, Inc. | warrants equity | n/a | $10.0M 2125c | ||
| Anchor QEA, Inc. | term loan first lien | $10.0M | $10.0M 101c | S+525 bp | Mar 25, 2032 |
| Adapt Laser Acquisition, Inc. | term loan first lien | $10.1M | $10.0M 98c | S+725 bp | Dec 31, 2029 |
| David's Bridal, Inc. | term loan first lien | $10.0M | $9.9M 102c | S+650 bp | Dec 21, 2027 |
| BCP Great Lakes II - Series A Holdings LP | equity equity | n/a | $9.5M 90c | ||
| CION/EagleTree Partners, LLC, Participating | preferred equity equity | n/a | $9.1M | ||
| CION/EagleTree Partners, LLC, Participating | preferred equity equity | n/a | $9.1M 41c | ||
| Dermcare Management, LLC | term loan first lien | $9.0M | $9.0M 101c | S+600 bp | Apr 22, 2028 |
| Carestream Health, Inc. | term loan first lien | $8.7M | $8.7M 101c | S+450 bp | Mar 31, 2031 |
| Lift Brands, Inc. | term loan first lien | $8.7M | $8.7M 101c | 9.50% | Sep 30, 2026 |
| David's Bridal, Inc. | term loan first lien | $9.0M | $8.5M 95c | 0.00% | Dec 21, 2027 |
| Metrc Inc. | term loan first lien | $8.4M | $8.3M 101c | S+550 bp | Sep 30, 2031 |
| RumbleOn, Inc. | term loan first lien | $8.0M | $8.0M 102c | S+775 bp | Sep 30, 2027 |
| WorkGenius, Inc. | term loan second lien | $7.6M | $7.6M 100c | S+1200 bp | Jun 7, 2027 |
| Avison Young (Canada) Inc./Avison Young (USA) Inc. | term loan first lien | $7.9M | $7.6M 97c | S+625 bp | Mar 12, 2028 |
| Allen Media, LLC | term loan first lien | $8.5M | $7.6M 89c | S+550 bp | Feb 10, 2027 |
| Spinal USA, Inc. / Precision Medical Inc. | term loan first lien | $20.0M | $7.6M 38c | 0.00% | May 29, 2028 |
| Lift Brands, Inc. | term loan first lien | $7.4M | $7.5M 101c | 9.50% | Sep 30, 2026 |
| WorkGenius, LLC | equity equity | n/a | $7.4M 76c | ||
| HW Acquisition, LLC | term loan first lien | $6.4M | $7.3M 116c | S+500 bp | Sep 28, 2026 |
| TMK Hawk Parent, Corp. | term loan second lien | $7.5M | $7.3M 98c | S+400 bp | Jun 30, 2029 |
| Appalachian Resource Company, LLC | term loan first lien | $7.1M | $7.1M 100c | S+1000 bp | Dec 31, 2025 |
| JP Intermediate B, LLC | term loan first lien | $6.9M | $6.9M 100c | S+700 bp | Sep 30, 2030 |
| NewsCycle Solutions, Inc. | term loan first lien | $14.1M | $6.4M 57c | S+100 bp | Sep 30, 2026 |
| K&N Parent, Inc. | term loan first lien | $6.4M | $6.2M 100c | S+550 bp | Dec 31, 2030 |
| Avison Young (Canada) Inc. | preferred equity equity | n/a | $5.9M 50c | ||
| ALA Holdco LLC | equity equity | n/a | $5.8M 107c | ||
| David's Bridal Holdings, LLC | equity equity | n/a | $5.7M 82c | ||
| Snap Fitness Holdings, Inc. | equity equity | n/a | $5.2M 169c | ||
| K&N Holdco, LLC | equity equity | n/a | $5.2M 44c | ||
| LAV Gear Holdings, Inc. | term loan first lien | $5.3M | $5.2M 102c | S+594 bp | Jul 31, 2029 |
| Isagenix International, LLC | term loan first lien | $10.7M | $4.9M 46c | S+750 bp | Apr 14, 2028 |
| Newbury Franklin Industrials LLC | term loan first lien | $4.9M | $4.9M 100c | S+700 bp | Dec 11, 2029 |
| Inotiv, Inc. | term loan first lien | $4.8M | $4.8M 103c | S+750 bp | Oct 15, 2026 |
| Lucky Bucks Holdings LLC | subordinated debt unsecured or subordinated | $25.3M | $4.8M 21c | 12.50% | May 29, 2028 |
| TMK Hawk Parent, Corp. | equity equity | n/a | $4.4M 51c |
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Registration
- Fiscal year end
- 1231reported
- Incorporated
- MDreported
- On the SEC BDC report
- 2013 to 2026reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Former names
- CĪON Investment Corpreported
- Latest schedule
- 0001534254-26-000010reported