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.

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BDC portfolio

C•••••• S•••••• L••••••• I•••

BDCCGBDCIK 1544206file 814-00995NEW YORK, NYmanaged by C•••••• G••••• C••••• I••••••••• M••••••••• L•••••

Fair value

$3.5B

as of Jun 30, 2026

Principal held

$3.6B

debt pieces, the filer's figure

Cost

$3.6B

98c on cost

Unfunded

$495M

commitments not yet drawn

Positions

559

207 borrowers

First lien

88%

96% debt by fair value

Quarters on the tape

since Dec 31, 2020

Facilities held

414

31 sponsors financed

Portfolio through time

Fair value by quarter end$3.5B as of Jun 30, 2026

Dec 31, 2020$316M then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2026	$3.5B	207	98c	57	519 bp
Mar 31, 2026	$3.3B	196	98c	53	513 bp
Dec 31, 2025	$3.8B	191	104c	48	532 bp
Sep 30, 2025	$3.2B	184	98c	48	539 bp
Jun 30, 2025	$3.0B	175	98c	40	544 bp
Mar 31, 2025	$2.9B	166	98c	35	558 bp
Dec 31, 2024	$8.2B	170	103c	129	569 bp
Sep 30, 2024	$2.4B	159	97c	31	576 bp
Jun 30, 2024	$2.5B	160	96c	27	592 bp
Mar 31, 2024	$2.7B	164	97c	26	601 bp
Dec 31, 2023	$5.6B	170	103c	62	605 bp
Sep 30, 2023	$2.8B	166	95c	27	628 bp
Jun 30, 2023	$2.9B	170	95c	25	610 bp
Mar 31, 2023	$3.0B	171	96c	21	615 bp
Dec 31, 2022	$6.3B	175	99c	40	605 bp
Sep 30, 2022	$3.1B	173	96c	20	602 bp
Dec 31, 2021	$4.8B	155	107c	22	586 bp
Dec 31, 2020	$316M	5	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 scheduleJun 30, 2026
O••••• A••••••••• I•• first appears in a BDC schedule (2 lenders)
New lender joined a facilityJun 30, 2026
C•••••• S•••••• L••••••• I••• joins O••••••• I•• term loan (first lien) held by 9 other BDCs
New lender joined a facilityJun 30, 2026
C•••••• S•••••• L••••••• I••• joins A•••••• I•• term loan (first lien) held by 23 other BDCs
New lender joined a facilityJun 30, 2026
C•••••• S•••••• L••••••• I••• joins A•• H••••••• I•• C••• term loan (first lien) held by 4 other BDCs
New lender joined a facilityJun 30, 2026
C•••••• S•••••• L••••••• I••• joins P•••• B••••• I•• term loan (first lien) held by 3 other BDCs
New lender joined a facilityJun 30, 2026
C•••••• S•••••• L••••••• I••• joins G•• M••••• L•• term loan (first lien) held by 3 other BDCs
New lender joined a facilityJun 30, 2026
C•••••• S•••••• L••••••• I••• joins D•• B••••• L•• term loan (first lien) held by 6 other BDCs
New lender joined a facilityJun 30, 2026
C•••••• S•••••• L••••••• I••• joins A••••• A••••••••• I•• term loan (first lien) held by 7 other BDCs
New lender joined a facilityJun 30, 2026
C•••••• S•••••• L••••••• I••• joins C•••••••• C•••••• H•••••• C••••••••• term loan (first lien) held by 3 other BDCs
Marked down (one lender)Jun 30, 2026
C•••••• S•••••• L••••••• I•••: fair value markdown in O••••••••• N•••• A••••••• I•• (99 to 94 cents on cost)
Marked down (one lender)Jun 30, 2026
C•••••• S•••••• L••••••• I•••: fair value markdown in S•••••••• H•••••• L•• (95 to 81 cents on cost)
Marked down (one lender)Jun 30, 2026
C•••••• S•••••• L••••••• I•••: fair value markdown in U• I•••• S••• B••••• L•• (76 to 32 cents on cost)
Marked down (one lender)Jun 30, 2026
C•••••• S•••••• L••••••• I•••: fair value markdown in P•••••• C•••••• I•• (57 to 25 cents on cost)
Spread increasedJun 30, 2026
C•••••• S•••••• L••••••• I•••: spread increased in S••••••••• C••••• P••••••• J•• L•• (10.74% to 18.70%)
Spread increasedJun 30, 2026
C•••••• S•••••• L••••••• I•••: spread increased in M••••• M••••• C••••• F•••• L•• (15.33% to 17.60%)
Marked down (one lender)Jun 30, 2026
C•••••• S•••••• L••••••• I•••: fair value markdown in U••• T••••••••• C••• (62 to 12 cents on cost)
Spread increasedJun 30, 2026
C•••••• S•••••• L••••••• I•••: spread increased in B•• B•• T•••• G•••• L•••••• (4.10% to 8.10%)
Spread increasedJun 30, 2026
C•••••• S•••••• L••••••• I•••: spread increased in I•• H•••••• C••• (2.63% to 5.25%)
Spread increasedJun 30, 2026
C•••••• S•••••• L••••••• I•••: spread increased in S••• P••••••••• I•• (4.50% to 5.00%)
Spread increasedJun 30, 2026
C•••••• S•••••• L••••••• I•••: spread increased in A••••••••• I•• (4.50% to 5.00%)

Every position change, including routine ones

Largest facilities held, with co-lenders

M••••• M••••• C••••• F•••• L•• unsecured or subordinated term loan
1 BDC hold it · matures Dec 31, 2030
$131M 95c
T••• B•••• A• first lien term loan
2 BDCs hold it · matures Jun 1, 2033
$74.2M 96c
S••••••••• C••••• P••••••• J•• L•• other
3 BDCs hold it
$69.4M 100c
S••••••• B•••••• L•• first lien term loan
16 BDCs hold it · matures Jul 25, 2028 · A••••• H••••••• M••••••••• C•••••• L••
$66.1M 100c
E••••• B•••• A• first lien term loan
2 BDCs hold it · matures May 12, 2033
$61.4M 93c
N•••• H•••• F•••••• B••••• L•• first lien term loan
5 BDCs hold it · matures May 17, 2028
$56.0M 100c
H•••••••• H••• S•••••••• I•• first lien term loan
8 BDCs hold it · matures Dec 15, 2026 · T•• L•
$48.7M 98c
D•••••••• D••••• H••••••• L•• first lien term loan
26 BDCs hold it · matures Sep 13, 2032
$47.9M 99c
S•• B•••••••• L•• first lien term loan
3 BDCs hold it · matures Feb 1, 2028
$47.7M 100c
N•• A••••••••• I•• first lien term loan
9 BDCs hold it · matures Sep 6, 2028
$47.7M 100c
T••• H•••••• C••• first lien term loan
18 BDCs hold it · matures Mar 31, 2028
$47.6M 92c
D•••• first lien term loan
21 BDCs hold it · matures Jul 21, 2029
$44.6M 100c

Schedule of investments at Jun 30, 2026

559 positions

Borrower	Instrument	Principal	Fair value	Rate	Maturity
A•••• U• F••••• I••. High Tech Industries	term loan first lien	$5.2M	$5.2M 101c	S+450 bp	Dec 9, 2029
O•• P••••••••• I••.	term loan first lien	$5.1M	$4.9M 99c	S+550 bp	May 31, 2028
O•••••• L•••••• (United Kingdom)	term loan first lien	$5.0M	$4.9M 100c	S+350 bp PIK 2.75%	Dec 4, 2031
AAH T••••., LLC Healthcare & Pharmaceuticals	term loan first lien	$5.0M	$4.9M 100c	S+500 bp	Dec 31, 2027
A•••• P•••••••• G••••• L•• Aerospace & Defense	equity equity	n/a	$4.9M 83c
B•••••• O•••• L••	term loan first lien	$4.8M	$4.8M 100c	S+725 bp	May 31, 2027
R••••••• B••••• L•• Capital Equipment	term loan first lien	$4.9M	$4.7M 98c	S+475 bp	Dec 27, 2031
P•• I••••••••• H•••••••• L••	term loan first lien	$5.1M	$4.6M 91c	S+525 bp	Aug 31, 2029
A• G•••• A•• B•••• P•• L•• (Australia) Consumer Goods: Non-Durable	term loan first lien	$4.6M	$4.6M 101c	S+525 bp	Dec 5, 2029
D•• T•••• L• Healthcare & Pharmaceuticals	equity equity	n/a	$4.5M 100c
C••••••••• B••••••• B•••••• I••.	term loan first lien	$7.8M	$4.5M 59c	S+563 bp	Aug 1, 2028
I• I••••••••• H•••••••• L•• Business Services	term loan first lien	$4.4M	$4.4M 100c	S+500 bp	Sep 22, 2028
S••• P••••••••• I•• Healthcare & Pharmaceuticals	term loan first lien	$4.0M	$4.1M 101c	S+500 bp	Oct 24, 2032
A•••• P•••••••• G••••• L••	term loan first lien	$3.9M	$3.9M 102c	S+675 bp PIK 100.00%	Jul 3, 2030
S•• P••••• H•••••••• L•• Diversified Financial Services	term loan first lien	$3.9M	$3.8M 102c	S+475 bp	Aug 21, 2031
E•••••••• T••••••••• C•••.	term loan first lien	$3.4M	$3.8M 108c	S+525 bp	Aug 12, 2029
O••••• S••••••• G••••• I••. Media: Advertising, Printing & Publishing	term loan first lien	$4.2M	$3.7M 119c	S+625 bp	Nov 30, 2028
L••••••• L•••••• H•••••••• L•• Business Services	term loan first lien	$4.5M	$3.7M 81c	S+100 bp PIK 6.75%	Apr 12, 2027
U•• P••••• I••. Retail	term loan first lien	$3.7M	$3.6M 99c	S+760 bp	Apr 25, 2027
A•••••••• P••••••• F••••• A•• L• Diversified Financial Services	equity equity	n/a	$3.6M 102c
U• I•••• S••• B••••• L•• Environmental Industries	term loan first lien	$11.2M	$3.5M 32c	S+100 bp PIK 5.75%	Jun 13, 2028
A••••• P••••••••, Inc. (Canada)	term loan first lien	$3.4M	$3.4M 100c	S+500 bp	Jun 30, 2033
A••••• P••••••••, Inc. (Canada)	term loan first lien	$4.8M	$3.4M 100c	S+500 bp	Jun 30, 2033
A••••• I••••••••• L•• Healthcare & Pharmaceuticals	term loan first lien	$3.3M	$3.3M 102c	S+425 bp	Jun 5, 2031
B••• B•••••• P••••••••• I••. Healthcare & Pharmaceuticals	term loan first lien	$3.3M	$3.3M 100c	S+475 bp	Jan 16, 2033
T••• H•••••• C•••.	term loan first lien	$3.5M	$3.2M 92c	S+600 bp	Mar 31, 2028
D••••• M•••• 2• L•• Consumer Services	term loan second lien	$3.2M	$3.2M 100c	S+1300 bp PIK 100.00%	Dec 22, 2029
T•••• M•••• 1 L•••••• S•••••••	equity equity	n/a	$3.1M 181c
A••••••••• I••.	term loan first lien	$3.1M	$3.1M 99c	S+500 bp	Jul 12, 2031
E••••• I••••••••• Holdings, LLC Business Services	term loan first lien	$3.1M	$3.0M 100c	S+450 bp	Sep 2, 2032
A••••••••• I••.	term loan second lien	$2.8M	$2.8M 100c	S+1425 bp PIK 100.00%	May 3, 2030
O•••••• L•••••• (United Kingdom)	term loan first lien	$2.1M	$2.8M 102c	S+350 bp PIK 2.75%	Dec 4, 2031
A••••• A••••••••• C••• I•	term loan first lien	$2.6M	$2.6M 100c	S+525 bp	Jan 14, 2031
O••••••••• N•••• A•••••• Inc.	term loan first lien	$2.4M	$2.5M 98c	S+325 bp PIK 2.50%	Oct 30, 2031
P•••••• C•••• S••••••. (Luxembourg) High Tech Industries	equity equity	n/a	$2.5M 107c	S+1430 bp PIK 100.00%
G•••••••• U• B••••• I••. Energy: Electricity	term loan first lien	$2.5M	$2.4M 99c	S+450 bp	Jul 22, 2030
T••• H•••••• C•••. Capital Equipment	equity equity	n/a	$2.4M
O••• I••. Construction & B•••••••	term loan first lien	$2.3M	$2.4M 110c	S+450 bp	Dec 29, 2032
S••••••••• Corporation S•••••••	term loan first lien	$2.9M	$2.4M 87c	S+400 bp	Mar 15, 2032
48Forty T•••• LLC	equity equity	$1,000	$2.3M 87c
F•••••• S••••••• L••	term loan first lien	$2.0M	$2.2M 96c	S+450 bp	Aug 15, 2032
O•••••• L•••••• (United Kingdom)	term loan first lien	$1.9M	$2.1M 107c	S+350 bp PIK 2.75%	Dec 4, 2031
N•• O••••• B••••• L•• Construction & B•••••••	term loan first lien	$2.1M	$2.1M 100c	S+450 bp	Jan 13, 2033
A••••• A••••••••• C••• I•	term loan first lien	$2.0M	$2.0M 100c	S+500 bp	Jan 14, 2031
E••••••• L•••••• (United Kingdom)	term loan first lien	$1.6M	$2.0M 106c	S+385 bp PIK 4.20%	Apr 16, 2031
G•• M••••• L•• Consumer Services	term loan first lien	$2.0M	$2.0M 100c	S+475 bp	Apr 1, 2033
E••••••, Inc. Energy: Oil & Gas	term loan first lien	$1.9M	$1.9M 99c	S+450 bp	Dec 18, 2032
P•••••• C•••••• I••. Capital Equipment	term loan first lien	$8.2M	$1.9M 25c	S+550 bp	Jun 1, 2029
C•••••••• C•••••• A••••••••• Co. II, LLC High Tech Industries	term loan first lien	$1.8M	$1.9M 101c	S+962 bp	Jul 30, 2028
Z••••• A••••••• H••••••• I••. Business Services	equity equity	n/a	$1.8M 237c
C••••••••• B••••••• B•••••• I••.	term loan first lien	$3.1M	$1.6M 55c	S+450 bp	May 15, 2031
H•• I••••••••• I••. Diversified Financial Services	equity equity	n/a	$1.5M 100c	S+1050 bp
E•••••••• S••••••• H•••••• C•••••••••	term loan first lien	$1.5M	$1.5M 99c	S+288 bp PIK 2.88%	Jun 17, 2031
H•••••• A•••• (France)	term loan first lien	$1.4M	$1.5M 94c	S+600 bp	Apr 16, 2032
D•••••••• D••••• H••••••• L••	term loan first lien	$1.6M	$1.5M 96c	S+525 bp	Sep 12, 2032
A••••••• B••••• I••. S•••••••	term loan first lien	$1.4M	$1.4M 101c	S+415 bp	Jul 26, 2031
P•••• B•••• Inc. (Canada)	term loan first lien	$1.4M	$1.3M 100c	S+525 bp	May 1, 2029
A•••••••• A••••••••• C••• I••. Leisure Products & Services	equity equity	n/a	$1.2M 108c
J•••• A••••••••• L••	term loan first lien	$1.2M	$1.2M 115c	S+100 bp PIK 6.00%	Dec 31, 2029
O••••••••• N•••• A•••••• Inc.	term loan first lien	$962,000	$1.2M 95c	S+350 bp PIK 2.50%	Oct 30, 2031
T•• C•••••• G••••• L•• Healthcare & Pharmaceuticals	term loan first lien	$1.2M	$1.2M 104c	S+425 bp	Sep 17, 2031
Q•• P•••••• I••. Energy: Oil & Gas	term loan first lien	$1.3M	$1.1M 92c	S+450 bp	Jun 3, 2032
A••• H•••••••• L•• Capital Equipment	equity equity	n/a	$1.1M 189c
O•••••••••, LLC	term loan first lien	$1.1M	$1.1M 99c	S+450 bp	Dec 23, 2032
M••••••• H•••••••• L••	term loan first lien	$1.1M	$1.1M 100c	S+600 bp PIK 100.00%	Aug 19, 2027
DCA B•••• LLC	term loan first lien	$1.1M	$1.1M 101c	S+500 bp	Jun 2, 2031
E•••••••• L•• Telecommunications	equity equity	$311,000	$1.1M 104c
A••••• A••••••••• C••• I•	term loan first lien	$1.1M	$1.1M 100c	S+525 bp	Jan 14, 2031
U•• B•••• L•• Environmental Industries	term loan first lien	$1.1M	$1.1M 101c	S+225 bp PIK 2.75%	Dec 4, 2032
P••••• U••••••• H•••••••• L•• Capital Equipment	equity equity	n/a	$1.0M 296c
U.S. L•••• S•••••• Investment Holdings, LLC Business Services	equity equity	n/a	$951,000 148c
C••••• S••••••• I••. (Canada) S•••••••	equity equity	n/a	$873,000 349c
A••••• A••••••••• C••• I•	term loan first lien	$840,000	$840,000 100c	S+500 bp	Jan 14, 2031
H•••••••• H••• S•••••••• I••.	term loan first lien	$794,000	$782,000 98c	S+675 bp	Dec 15, 2026
HS Spa Holdings Inc.	term loan first lien	$746,000	$741,000 100c	S+525 bp	Jun 2, 2029
O•••••• L•••••• (United Kingdom)	term loan first lien	$719,000	$712,000 99c	S+350 bp PIK 2.75%	Dec 4, 2031
H•••••••• H••• S•••••••• I••.	term loan first lien	$637,000	$627,000 99c	S+675 bp	Dec 15, 2026
B•• B•• T•••• G•••• L•••••• (United Kingdom)	term loan first lien	$620,000	$538,000 91c	S+810 bp PIK 0.50%	Jun 4, 2031
K••• B••••• L•• Healthcare & Pharmaceuticals	term loan first lien	$536,000	$538,000 101c	S+450 bp	Jul 23, 2031
P••• P•••••• I••. Transportation: Consumer	term loan first lien	$521,000	$520,000 100c	S+475 bp	Dec 9, 2032
S••••• B••••, Inc. (Canada) Diversified Financial Services	term loan first lien	$744,000	$519,000 98c	S+475 bp	Oct 1, 2032
B•• B•• T•••• G•••• L•••••• (United Kingdom)	term loan first lien	$475,000	$512,000 93c	S+810 bp PIK 0.50%	Jun 4, 2031
M•••••• B•••• P•• L••. (Australia)	term loan first lien	$429,000	$494,000 99c	S+450 bp	Nov 28, 2032
D•••••••• H•••••• C••••••••• Business Services	term loan first lien	$480,000	$483,000 105c	S+450 bp	Apr 17, 2032
H•••••• A•••• (France)	term loan first lien	$445,000	$436,000 98c	S+600 bp	Apr 16, 2032
S•••• A• (Sweden) High Tech Industries	equity equity	n/a	$414,000 35c
Y••••••••• B•••• A••••••••• L•• Consumer Goods: Durable	term loan first lien	$431,000	$401,000 94c	S+575 bp	Sep 13, 2027
E•••••••• L•• Telecommunications	equity equity	n/a	$378,000 176c
P•••••• H••••••• I• L• Chemicals, Plastics & Rubber	equity equity	n/a	$353,000 67c
B•••••• O•••• L••	term loan first lien	$351,000	$351,000 100c	S+700 bp	May 31, 2027
U.S. T••••••••• Holdings Corp. Telecommunications	term loan first lien	$4.4M	$329,000 12c	S+100 bp PIK 7.00%	May 2, 2026
S••••• K• M••••• I••. Diversified Financial Services	equity equity	n/a	$272,000 166c
A•••• G•••• (France)	term loan first lien	$258,000	$254,000 100c	S+550 bp	Oct 28, 2032
D••••• I••••••••• Holdings, Inc. Media: Broadcasting & Subscription	term loan first lien	$259,000	$248,000 101c	S+550 bp	Aug 26, 2032
V•••••• P••••••••• L•• High Tech Industries	term loan first lien	$247,000	$238,000 104c	S+450 bp	Dec 23, 2032
C•• R••••••••• H•••••••• L•• Media: Advertising, Printing & Publishing	equity equity	n/a	$220,000 69c
M•••••• B•••• P•• L••. (Australia)	term loan first lien	$300,000	$210,000 98c	S+450 bp	Nov 28, 2032
P•• I••••••••• H•••••••• L••	term loan first lien	$206,000	$201,000 98c	S+600 bp	Aug 31, 2029
A•••• G•••• (France)	term loan first lien	$96,000	$126,000 96c	S+550 bp	Oct 28, 2032
P•• B•••• L•••••• (United Kingdom)	term loan first lien	$82,000	$107,000 102c	S+1075 bp	Oct 29, 2031

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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: TCG BDC, INC.; C•••••• GMS Finance, Inc.reported
Latest schedule: 0001544206-26-000055reported