DFX Intelligence
Private Credit Intelligence
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BDC portfolio
C••• I••••••••• C•••
Fair value
$2.5B
as of Jun 30, 2026
Principal held
$1.6B
debt pieces, the filer's figure
Cost
$2.0B
127c on cost
Unfunded
$50.5M
commitments not yet drawn
Positions
394
112 borrowers
First lien
60%
68% debt by fair value
Quarters on the tape
17
since Dec 31, 2021
Facilities held
190
16 sponsors financed
Portfolio through time
Fair value by quarter end$2.5B as of Jun 30, 2026
Dec 31, 2020$12.5M then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $2.5B | 112 | 117c | 37 | 719 bp |
| Mar 31, 2026 | $2.5B | 116 | 112c | 37 | 694 bp |
| Dec 31, 2025 | $6.9B | 132 | 109c | 76 | 696 bp |
| Sep 30, 2025 | $2.5B | 126 | 114c | 36 | 704 bp |
| Jun 30, 2025 | $2.3B | 128 | 111c | 36 | 676 bp |
| Mar 31, 2025 | $2.3B | 131 | 109c | 34 | 679 bp |
| Dec 31, 2024 | $3.4B | 154 | 127c | 37 | 721 bp |
| Sep 30, 2024 | $2.3B | 141 | 111c | 34 | 704 bp |
| Jun 30, 2024 | $2.4B | 144 | 109c | 32 | 706 bp |
| Mar 31, 2024 | $2.3B | 140 | 109c | 31 | 715 bp |
| Dec 31, 2023 | $2.8B | 158 | 110c | 32 | 715 bp |
| Sep 30, 2023 | $2.3B | 138 | 107c | 26 | 718 bp |
| Jun 30, 2023 | $2.2B | 142 | 104c | 30 | 735 bp |
| Mar 31, 2023 | $2.1B | 140 | 102c | 32 | 736 bp |
| Dec 31, 2022 | $2.5B | 162 | 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
- D•••••• B••••• H•••••••• L•• first lien term loan1 BDC hold it · matures Dec 21, 2027 · S••••• C•••••• P•••••••• L•••$149M 186c
- A••••• S••••• • E••••••••• I•• first lien term loan2 BDCs hold it · matures Nov 15, 2027$69.0M 76c
- I•••••• W••• L•• first lien term loan1 BDC hold it · matures Feb 23, 2029$68.1M 63c
- C•••••• I•• first lien term loan2 BDCs hold it · matures May 4, 2029$43.4M 94c
- I•••••• I•• first lien term loan3 BDCs hold it · matures Nov 5, 2026 · E•• C••••••• L••$39.5M 110c
- W••••••••• I•• second lien term loan1 BDC hold it · matures Jun 7, 2027$38.9M 100c
- J• I••••••••• B• L•• first lien term loan3 BDCs hold it · matures Mar 31, 2031$37.5M 196c
- L••• B•••••• I•• first lien term loan2 BDCs hold it · matures Sep 30, 2026 · T•• M••••••••• A••••••••• L••$37.0M 202c
- H•••• C••• G••••••••• L•• first lien term loan1 BDC hold it · matures Apr 16, 2028$36.6M 98c
- C••••••••• P•••••••• L•• first lien term loan1 BDC hold it · matures Dec 21, 2027$36.0M 200c
- E••••••••• S•••••• P• • A• L•• first lien term loan1 BDC hold it · matures May 18, 2037$33.3M 101c
- A••••••• C••••••• S•••••••• L•• first lien term loan3 BDCs hold it · matures Jun 30, 2027 · C••••••• P•••••• A•••••••• L••$33.2M 150c
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% | |
| L••••••• I••••••••• H••••••• C• L•• | equity equity | n/a | $109M | ||
| L••••••• I••••••••• H••••••• C• L•• | equity equity | n/a | $109M 842c | ||
| D•••••• B•••••, Inc. | term loan first lien | n/a | $84.5M | ||
| D•••••• B•••••, Inc. | term loan first lien | $92.9M | $84.5M 91c | S+650 bp | Dec 21, 2027 |
| C••••••••• H••••• Holdings Inc. | equity equity | n/a | $40.9M | ||
| C••••••••• H••••• Holdings, Inc. | equity equity | n/a | $40.9M 165c | ||
| I•••••• W••• L•• | term loan first lien | $60.3M | $36.2M 60c | S+700 bp | Feb 23, 2029 |
| C••••••••• P•••••••• L•• | term loan first lien | n/a | $36.0M | ||
| C••••••••• P•••••••• L•• | term loan first lien | $36.0M | $36.0M 100c | 14.00% | Dec 21, 2027 |
| C•••••• I••. | term loan first lien | $38.4M | $35.8M 94c | S+675 bp | May 4, 2029 |
| E••••••••• S•••••• P&A LLC | term loan first lien | $33.3M | $33.3M 100c | S+900 bp | Sep 30, 2030 |
| H•••••••, Martinez & Gonzales, LLP | term loan first lien | $29.5M | $29.0M 99c | S+1200 bp | Apr 30, 2025 |
| I•••••• I••. | term loan first lien | $31.6M | $27.6M 112c | S+750 bp | Nov 5, 2026 |
| G••• M•••• H•••••••• I••. | term loan first lien | $26.9M | $26.9M 100c | S+575 bp | Mar 17, 2027 |
| W••••••••• I••. | term loan second lien | $26.1M | $26.1M 100c | S+700 bp | Jun 7, 2027 |
| C•••••••• T••• S••••••• L•• | term loan first lien | $24.7M | $24.7M 100c | S+800 bp | Jun 17, 2027 |
| A••••••• C••••••• S•••••••• L•• | term loan first lien | n/a | $24.5M | ||
| A••••••• C••••••• S•••••••• L•• | term loan first lien | $32.2M | $24.5M 75c | S+0 bp | Jun 30, 2027 |
| J• I••••••••• B• L•• | term loan first lien | n/a | $23.7M | ||
| J• I••••••••• B• L•• | term loan first lien | $27.2M | $23.7M 87c | S+550 bp | Mar 31, 2031 |
| W•• H••••••• I••. | term loan second lien | $24.2M | $23.2M 98c | S+625 bp | Sep 3, 2029 |
| K•••• H••••• L•• | term loan first lien | $22.9M | $21.7M 101c | S+800 bp | Apr 27, 2028 |
| R••••••• I••. / All American S••••• Corp. | term loan first lien | $21.5M | $21.5M 101c | S+600 bp | Mar 29, 2029 |
| C••• H••••• • F••••••• L•• | term loan first lien | $19.6M | $21.1M 109c | S+800 bp | Jun 17, 2029 |
| L••• B•••••• I••. | term loan first lien | $20.9M | $21.1M 101c | S+750 bp | Sep 30, 2026 |
| L••• B•••••• I••. | term loan first lien | n/a | $21.1M | ||
| A••••• S••••• • E••••••••• I••. | term loan first lien | $29.2M | $20.6M 76c | 10.00% | Nov 15, 2027 |
| S•• P•••••• L•• | equity equity | n/a | $19.6M | ||
| S•• P•••••• L•• | equity equity | n/a | $19.6M 98c | ||
| B•• S•••••••• I••••••••• L•• | term loan first lien | $19.4M | $19.4M 100c | S+675 bp | Feb 7, 2027 |
| J•••••••• T••••• L•• | equity equity | n/a | $19.0M 61c | ||
| J• I••••••••• B• L•• | equity equity | n/a | $19.0M | ||
| H•••• C••• G••••••••• L••. | term loan first lien | $19.7M | $18.9M 95c | 15.00% | Apr 16, 2028 |
| L••• C••••••••• B••••••• LLC | term loan first lien | $21.8M | $18.8M 87c | S+1000 bp | Sep 19, 2027 |
| T•••••••, P.C. | term loan second lien | $18.6M | $18.6M 100c | S+1550 bp | May 29, 2028 |
| I•• F••• H•••••••• L•• | term loan first lien | $18.6M | $18.5M 100c | S+600 bp | Dec 5, 2026 |
| D••••••••• A••••••••• I••. | term loan first lien | $18.3M | $18.3M 100c | S+650 bp | Mar 9, 2032 |
| S•• H•••••••• I••. | term loan first lien | $18.0M | $18.0M 100c | S+550 bp | Jan 22, 2030 |
| D•••••• B•••••, Inc. | term loan first lien | $19.0M | $17.2M 91c | S+600 bp | Dec 21, 2027 |
| H•••• C••• G••••••••• L••. | term loan first lien | $16.9M | $17.1M 102c | 17.00% | Apr 16, 2028 |
| D•••••• B•••••, Inc. | term loan first lien | n/a | $17.1M | ||
| C•• M•••••• P•••••••• I••. | preferred equity equity | n/a | $17.1M 171c | ||
| C••••••••• H••••• Holdings, Inc. | equity equity | n/a | $16.8M 77c | ||
| D•••••• B•••••, Inc. | term loan first lien | n/a | $16.7M | ||
| D•••••• B•••••, Inc. | term loan first lien | $16.7M | $16.7M 100c | S+600 bp | Dec 21, 2027 |
| C•• S••••••••• E•••, LLC | term loan first lien | $19.8M | $16.5M 97c | S+400 bp | Sep 4, 2030 |
| C••••••• A••••••••• H•••••••• L•• | term loan first lien | $16.4M | $16.2M 99c | S+850 bp | Apr 30, 2027 |
| A••••••••• R••••••• C••••••• L•• | term loan first lien | $15.7M | $15.7M 100c | S+500 bp | Dec 31, 2025 |
| A••••••••• R••••••• C••••••• L•• | term loan first lien | n/a | $15.7M | ||
| O•••• R•• L•• | term loan first lien | n/a | $15.4M | ||
| O•••• R•• L•• | term loan first lien | $15.7M | $15.4M 98c | S+1000 bp | Mar 21, 2030 |
| B•••••• H•••••••• I••. | term loan first lien | $18.4M | $15.3M 83c | S+900 bp | Jul 31, 2026 |
| A•• A••••••••• H•••••••• L•• | term loan first lien | $14.4M | $14.4M 99c | S+550 bp | Jul 11, 2029 |
| L•• G••• H•••••••• I••. | term loan first lien | $16.5M | $13.6M 83c | S+594 bp | Jul 31, 2029 |
| L•• G••• H•••••••• I••. | term loan first lien | n/a | $13.6M | ||
| C•••••••• P••••••••• T•• S••••••••• L•• | term loan first lien | $13.5M | $13.5M 100c | S+525 bp | Jun 30, 2028 |
| P•••••• E••••••••• I••. | term loan first lien | $13.5M | $13.5M 100c | S+625 bp | May 25, 2028 |
| A••••••• H••••• S••••••• G••••• I••. | term loan first lien | $13.4M | $13.4M 100c | S+500 bp | Nov 19, 2028 |
| F•••••• L•• | term loan first lien | $22.0M | $13.4M 61c | S+600 bp | Sep 30, 2027 |
| R••••• M•••• a•• T•• L•• | term loan first lien | $13.2M | $12.9M 100c | Jul 31, 2029 | |
| R••••• M•••• a•• T•• L•• | term loan first lien | n/a | $12.9M | ||
| D•••••• B••••• H•••••••• L•• | preferred equity equity | n/a | $12.9M | ||
| D•••••• B••••• H•••••••• L•• | preferred equity equity | n/a | $12.9M 119c | ||
| A••••• S••••• • E••••••••• I••. | term loan first lien | $13.3M | $12.8M 96c | S+550 bp | Nov 15, 2027 |
| S•• P•••••• L•• | preferred equity equity | n/a | $12.6M 100c | ||
| S•• P•••••• L•• | preferred equity equity | n/a | $12.6M | ||
| B••••••• I••••••••• P••••• C•••. | term loan first lien | $12.6M | $12.5M 100c | S+575 bp | Oct 21, 2027 |
| S•••••• H••• A••••••••• L•• | term loan second lien | $12.5M | $12.5M 100c | S+675 bp | Aug 16, 2028 |
| U•• T••••• L•• | equity equity | n/a | $12.0M 124c | ||
| A••••• S••••••••• I••. | term loan first lien | $10.1M | $11.9M 119c | S+1000 bp | Jun 11, 2026 |
| T•••••••• G•••••• L•• | term loan second lien | $21.9M | $11.9M 62c | S+850 bp | Jun 30, 2027 |
| T•••••••• G•••••• L•• | term loan first lien | n/a | $11.9M | ||
| C•••• L•• | term loan first lien | $11.9M | $11.8M 99c | S+600 bp | Jul 31, 2028 |
| S•••••• D••••• M••••••••• L•• | term loan second lien | $11.7M | $11.6M 100c | S+742 bp | Nov 25, 2030 |
| D•••••• B••••• H•••••••• L•• | equity equity | n/a | $11.4M | ||
| D•••••• B••••• H•••••••• L•• | equity equity | n/a | $11.4M 49c | ||
| I••••••••• B••• C•••••• L•• | term loan first lien | $14.0M | $11.4M 82c | S+750 bp | Mar 31, 2028 |
| A••••• Y•••• (Canada) Inc./A••••• Y•••• (USA) Inc. | term loan first lien | $12.4M | $11.1M 101c | S+750 bp | Mar 12, 2029 |
| T••••••• A•• S••••••• I••. | term loan second lien | $10.9M | $10.9M 100c | S+850 bp | Dec 22, 2028 |
| I•• B•••• H•••••••• L•• | equity equity | n/a | $10.9M | ||
| I•• B•••• H•••••••• L•• | equity equity | n/a | $10.9M 102c | ||
| T••••• H••••••• L•• | term loan second lien | $18.2M | $10.4M 57c | S+600 bp | May 27, 2027 |
| R• O•••••••, LLC | term loan first lien | $12.6M | $10.1M 80c | S+675 bp | Jun 30, 2027 |
| R• O•••••••, LLC | term loan first lien | n/a | $10.1M | ||
| P••••••• C•••• T••••••••• I••. | warrants equity | n/a | $10.0M 2125c | ||
| A••••• Q••• I••. | term loan first lien | $10.0M | $10.0M 101c | S+525 bp | Mar 25, 2032 |
| A•••• L•••• A••••••••• I••. | term loan first lien | $10.1M | $10.0M 98c | S+725 bp | Dec 31, 2029 |
| A•••• L•••• A••••••••• I••. | term loan first lien | n/a | $10.0M | ||
| D•••••• B•••••, Inc. | term loan first lien | $10.0M | $9.9M 102c | S+650 bp | Dec 21, 2027 |
| D•••••• B•••••, Inc. | term loan first lien | n/a | $9.9M | ||
| B•• G•••• L•••• I• • S••••• A• H••••••• L• | equity equity | n/a | $9.5M 90c | ||
| C••••••••• P•••••••• L•• | preferred equity equity | n/a | $9.1M | ||
| C••••••••• P•••••••• L••, Participating | preferred equity equity | n/a | $9.1M 41c | ||
| C••••••••• P•••••••• L••, Participating | preferred equity equity | n/a | $9.1M | ||
| D••••••• M••••••••• L•• | term loan first lien | $9.0M | $9.0M 101c | S+600 bp | Apr 22, 2028 |
| C••••••••• H•••••• I••. | term loan first lien | n/a | $8.7M | ||
| C••••••••• H•••••• I••. | term loan first lien | $8.7M | $8.7M 101c | S+450 bp | Mar 31, 2031 |
| L••• B•••••• I••. | term loan first lien | n/a | $8.7M | ||
| L••• B•••••• I••. | term loan first lien | $8.7M | $8.7M 101c | 9.50% | Sep 30, 2026 |
Page 1 of 4Next
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