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.

A•••• C••••• B•• I•••

Business development companyNon-traded· BOSTON, MA

A non-traded business development company, holding $383M across 263 borrowers at Jun 30, 2026.

Composed from this BDC's filings and its latest schedule of investments.

As of 2026-06-30 · the latest schedule of investments read for this BDC

Fair value: $383M
Borrowers: 263
Mark on cost: 94.5¢
First lien: 97%

Schedule of investments (659)Quarter by quarter Sponsors

As of 2026-06-30 · the latest schedule of investments read for this BDC

What matters now

38 below 80¢
$56.3M principal
38 positions across 27 borrowers marked below 80¢ on cost, $56.3M principal.
Q2 2026 · Marks this low usually come before non-accrual or a restructuring.
Derivedeach position's fair value over cost, 30 Jun 2026
14 → 18
loans paying in kind
Loans paying in kind rose from 14 to 18 positions in the quarter to Jun 30, 2026.
Q2 2026 · Borrowers paying interest in more debt rather than cash is an early sign of strain.
Factthe schedule's PIK rates, quarter on quarterQuarter by quarter →

Every headline figure, and the identifiersCIK 1633858 · file 814-01154Show

Fair value

$383M

as of Jun 30, 2026

Principal held

$399M

debt pieces, the filer's figure

Cost

$404M

94c on cost, debt pieces

Unfunded

Not disclosed

commitments not yet drawn

Positions

659

263 borrowers

First lien

97%

97% debt by fair value

Quarters on the tape

since Dec 31, 2022

Facilities held

474

62 sponsors financed

Portfolio through time

Fair value by quarter end$383M as of Jun 30, 2026

Dec 31, 2022$421M then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2026	$383M	263	94c	18	482 bp
Mar 31, 2026	$403M	267	95c	14	474 bp
Dec 31, 2025	$805M	333	97c	28	477 bp
Sep 30, 2025	$401M	273	97c	15	485 bp

All 14 quarters

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2025	$402M	258	97c	14	493 bp
Mar 31, 2025	$1.6B	245	97c	0	495 bp
Dec 31, 2024	$1.8B	303	98c	0	504 bp
Sep 30, 2024	$396M	243	98c	7	511 bp
Jun 30, 2024	$383M	229	98c	4	527 bp
Mar 31, 2024	$376M	217	99c	1	537 bp
Dec 31, 2023	$1.6B	248	99c	2	535 bp
Sep 30, 2023	$391M	211	98c	0	528 bp
Jun 30, 2023	$391M	210	98c	0	524 bp
Dec 31, 2022	$421M	221	98c	1	510 bp

Sponsors financed

W•••••• P••••• L•• possible
4 borrowers $5.2M
C•••• S••••• C•••••• possible
4 borrowers $3.4M
A••••• I•••••••• possible
3 borrowers $6.5M
T• A••••••••• possible
3 borrowers $5.2M
S••••• L••• T••••••••• M••••••••• L•• possible
3 borrowers $4.8M

All 15 sponsors

A•••••••• I••••••••• M••••••••• L•• possible
3 borrowers $3.5M
S••••••••• C•••••• L• possible
3 borrowers $3.0M
W••••••••• C•••••• M••••••••• G•••• L•• possible
3 borrowers $2.9M
I••••••• C•••••• P•••••••• L•• possible
2 borrowers $7.8M
T•• L• possible
2 borrowers $7.2M
W••• C•••••• P••••••• possible
2 borrowers $6.0M
H••••• C••••••• L•• possible
2 borrowers $5.8M
W• C•••••• P••••••• possible
2 borrowers $5.1M
G••••••••• E••••• G•••• possible
2 borrowers $4.9M
L•••••• G•••• • P•••••••• L••• possible
2 borrowers $4.6M

What changed

Repeat sponsor and lender pairJun 30, 2026
••• Locked
Repeat sponsor and lender pairJun 30, 2026
••• Locked
Repeat sponsor and lender pairJun 30, 2026
••• Locked
Repeat sponsor and lender pairJun 30, 2026
••• Locked
Repeat sponsor and lender pairJun 30, 2026
••• Locked

Full timeline · 20 events

Repeat sponsor and lender pairJun 30, 2026
••• Locked
Repeat sponsor and lender pairJun 30, 2026
••• Locked
Repeat sponsor and lender pairJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
Repeat sponsor and lender pairJun 30, 2026
••• Locked
New sponsor and lender pairJun 30, 2026
••• Locked
New sponsor and lender pairJun 30, 2026
••• Locked
Repeat sponsor and lender pairJun 30, 2026
••• Locked
Repeat sponsor and lender pairJun 30, 2026
••• Locked
New sponsor and lender pairJun 30, 2026
••• Locked
New sponsor and lender pairJun 30, 2026
••• Locked
Repeat sponsor and lender pairJun 30, 2026
••• Locked
New sponsor and lender pairJun 30, 2026
••• Locked
Repeat sponsor and lender pairJun 30, 2026
••• Locked
Repeat sponsor and lender pairJun 30, 2026
••• Locked

Every position change, including routine ones

Largest facilities held, with co-lenders

I••••••••• first lien term loan
1 BDC hold it · matures Jan 20, 2028
$5.9M 101c
C••••• B•••••• first lien term loan
1 BDC hold it · matures Jun 28, 2030 · possible sponsor P•••••••• C•••••• P•••••••
$5.7M 101c
N•• S•••••• 2••••• first lien term loan
2 BDCs hold it · matures Nov 1, 2029 · possible sponsor T•• L•
$5.6M 101c
V••••• C••••••••• L•• first lien term loan
6 BDCs hold it · matures May 7, 2032
$5.0M 101c
A••••••• V••••• P••••••• first lien term loan
2 BDCs hold it · matures Sep 30, 2027 · possible sponsor H••••• C••••••• L••
$4.8M 100c
A••••••• E••••••••• G•••• first lien term loan
2 BDCs hold it · matures Dec 30, 2028
$4.5M 31c
C••••• P••••••• first lien term loan
1 BDC hold it · matures Jul 28, 2031
$4.5M 101c
E••••• • T••••••••• E••••••• first lien term loan
1 BDC hold it · matures May 29, 2029 · possible sponsor G•••• C••••••
$4.5M 102c
A•••••• S••••••••• first lien term loan
1 BDC hold it · matures Nov 21, 2029
$4.4M 76c
A••••• first lien term loan
1 BDC hold it · matures Oct 18, 2029
$4.3M 102c
R•••••••• first lien term loan
1 BDC hold it · matures Jul 21, 2028 · possible sponsor W••••••• H••••• I••••••••• L••
$4.3M 74c
C••••••••• first lien term loan
1 BDC hold it · matures Jul 31, 2028 · possible sponsor T• A•••••••••
$4.2M 98c

Schedule of investments at Dec 31, 2024

1,307 positions

Borrower	Instrument	Principal	Fair value	Rate	Maturity
V•• S••••••s: B•••••••	equity equity	$16,958	$51,962 73c
V•• S••••••s: B•••••••	equity equity	Not disclosed	$51,962 73c
F•• T•••••••••: C••••	revolver first lien	$44,444	$42,667 98c	SOFR+525 bp	Dec 17, 2027
B••• C•••• H••••••••• & P•••••••••	revolver first lien	$34,091	$33,750 99c	SOFR+500 bp	Jan 21, 2031
B••• C•••• H••••••••• & P•••••••••	revolver first lien	$34,091	$33,750 99c	SOFR+500 bp	Jan 21, 2031
H••••• M••••••••• A••••••••• S••••••s: B•••••••	revolver first lien	$33,748	$33,748 107c	SOFR+625 bp	Mar 30, 2029
H••••• M••••••••• A••••••••• S••••••s: B•••••••	revolver first lien	$33,748	$33,748 107c	SOFR+625 bp	Mar 30, 2029
E••••••• P••••••• H••••••••• & P•••••••••	term loan first lien	$25,363	$25,173 100c	SOFR+550 bp	Oct 5, 2029
E••••••• P••••••• H••••••••• & P•••••••••	term loan first lien	$25,363	$25,173 100c	SOFR+550 bp	Oct 5, 2029
O•••••• I• H••• T••• I•••••••••	revolver first lien	$24,124	$24,004 105c	SOFR+450 bp	Mar 31, 2031
H•••••••• S••••••s: B•••••••	revolver first lien	$22,759	$22,503 121c	SOFR+525 bp	Dec 12, 2029
H•••••••• S••••••s: B•••••••	revolver first lien	$22,759	$22,503 121c	SOFR+525 bp	Dec 12, 2029
K•••• E••••••••• I•••••••••	revolver first lien	$19,380	$18,992 102c	SOFR+525 bp	Oct 29, 2027
E••• B••••••, Finance, I•••••••• & Real Estate	revolver first lien	$18,218	$18,036 100c	SOFR+450 bp	Sep 29, 2028
O••• T••••••••• Capital E••••••••	revolver first lien	$17,333	$17,203 103c	SOFR+550 bp	Dec 19, 2029
R•••••• Capital E••••••••	revolver first lien	$16,000	$15,880 107c	SOFR+550 bp	Apr 1, 2029
B•••• B••••••, Finance, I•••••••• & Real Estate	equity equity	$2,470	$15,084 61c
B•••• B••••••, Finance, I•••••••• & Real Estate	equity equity	Not disclosed	$15,084 61c
R•••••••• H••••••••• & P•••••••••	equity equity	Not disclosed	$0 0c
M•••••• E•• S••••••• H••••••••• & P•••••••••	revolver first lien	$0	$0 0c	SOFR+450 bp	Aug 20, 2027
H•••••• G••••• • L•••••• E•••••	revolver first lien	$0	$0 0c	SOFR+500 bp	Dec 5, 2029
A••••••• E••••••••• G•••• E••••••••• I•••••••••	preferred equity equity	Not disclosed	$0 0c
S•••••• P••••••• B••••••, Finance, I•••••••• & Real Estate	revolver first lien	$0	$0 0c	SOFR+475 bp	Oct 14, 2028
M•••••• E•• S••••••• H••••••••• & P•••••••••	term loan first lien	$0	$0 0c	SOFR+450 bp	Aug 20, 2027
O•• B•••••• S••••••• S••••••s: B•••••••	equity equity	Not disclosed	$0
S•• E••••••••• S•••••••• S••••••s: B•••••••	revolver first lien	$0	$0 0c	SOFR+500 bp	May 2, 2029
M•••••• E•• S••••••• H••••••••• & P•••••••••	revolver first lien	$0	$0 0c	SOFR+450 bp	Aug 20, 2027
O••••••••• H••••••••• & P•••••••••	revolver first lien	$0	$0 0c	SOFR+650 bp	Jul 31, 2028
M•••••• E•• S••••••• H••••••••• & P•••••••••	term loan first lien	$0	$0 0c	SOFR+450 bp	Aug 20, 2027
A••••• S••••••s: B•••••••	revolver first lien	$0	$0 0c	SOFR+525 bp	Oct 18, 2029
P•••••••• I••••••••• E••••• A•• P•••••••• S•••••• N••••••••• E••••••••• I•••••••••	unstated lien unstated	Not disclosed	$0 0c
A••••••• E••••••••• G•••• E••••••••• I•••••••••	preferred equity equity	$331	$0 0c
O••••••••• H••••••••• & P•••••••••	revolver first lien	$0	$0 0c	SOFR+650 bp	Jul 31, 2028
A••••• S••••••s: B•••••••	revolver first lien	$0	$0 0c	SOFR+525 bp	Oct 18, 2029
S•• E••••••••• S•••••••• S••••••s: B•••••••	revolver first lien	$0	$0 0c	SOFR+500 bp	May 2, 2029
P•••••••• I••••••••• B••• L••••• N••••••••• I••••••••• B•••• B••••••, Finance, I•••••••• & Real Estate	revolver first lien	$0	$0 0c	SOFR+525 bp	Feb 26, 2030
E•••••	delayed draw term loan first lien	Not disclosed	Not disclosed	S+450 bp	Sep 2, 2032
E••••••• P•••• E••••••••	delayed draw term loan first lien	Not disclosed	Not disclosed	S+450 bp	Dec 15, 2031
E••• I••••••••	term loan first lien	Not disclosed	Not disclosed	S+450 bp	Sep 29, 2028
A••••• E••••• R•••••••	delayed draw term loan first lien	Not disclosed	Not disclosed	S+500 bp	Jul 14, 2032
R••••••	term loan first lien	Not disclosed	Not disclosed	S+550 bp	Apr 1, 2029
A•••••	revolver first lien	Not disclosed	Not disclosed	S+450 bp	Aug 11, 2031
A•••••	term loan first lien	Not disclosed	Not disclosed	S+450 bp	Aug 11, 2031
A•••••	delayed draw term loan first lien	Not disclosed	Not disclosed	S+450 bp	Aug 11, 2031
A•••••	term loan first lien	Not disclosed	Not disclosed	S+550 bp	Sep 13, 2029
G•• S•••••	term loan first lien	Not disclosed	Not disclosed	S+625 bp	Jul 6, 2029
A••• S•••••• P•••••••	term loan first lien	Not disclosed	Not disclosed	S+500 bp	Oct 24, 2030
A•• H•••••••••	delayed draw term loan first lien	Not disclosed	Not disclosed	S+500 bp	Sep 30, 2031
A•• H•••••	delayed draw term loan first lien	Not disclosed	Not disclosed	S+450 bp	Aug 2, 2032
D•••••••• E••••••••	revolver first lien	Not disclosed	Not disclosed	SOFR+575 bp	Apr 9, 2029
P•••••••• I••••••••• E••••• A•• P•••••••• S•••••• N•••••••••	unstated lien unstated	Not disclosed	Not disclosed
i•••••••••	term loan first lien	Not disclosed	Not disclosed	S+525 bp	May 25, 2028
V••••••••	revolver first lien	Not disclosed	Not disclosed	S+575 bp	Dec 22, 2027
S•••••• P•••••••	revolver first lien	Not disclosed	Not disclosed	S+475 bp	Oct 14, 2028
E••••• • T••••••••• E•••••••	revolver first lien	Not disclosed	Not disclosed	SOFR+650 bp	May 29, 2029
S•••	delayed draw term loan first lien	Not disclosed	Not disclosed	SOFR+600 bp	Oct 30, 2029
N••••••	term loan first lien	Not disclosed	Not disclosed	SOFR+550 bp	Dec 31, 2028
N••••••	revolver first lien	Not disclosed	Not disclosed	S+550 bp	Dec 31, 2028
L•••••• G••••	revolver first lien	Not disclosed	Not disclosed	SOFR+575 bp	Dec 15, 2028
K••••	revolver first lien	Not disclosed	Not disclosed	S+475 bp	Nov 15, 2029
A• G••••• D••• S••••••	term loan first lien	Not disclosed	Not disclosed	S+450 bp	Dec 22, 2028
M••••• E••••••••• E••••••••• I•••••••••	revolver first lien	Not disclosed	Not disclosed n/a	SOFR+475 bp	Sep 10, 2031
E•••••	revolver first lien	Not disclosed	Not disclosed	S+500 bp	Dec 5, 2029
C••• • B•••••••	delayed draw term loan first lien	Not disclosed	Not disclosed	SOFR+600 bp	Mar 4, 2030
C••••• M••••••	revolver first lien	Not disclosed	Not disclosed	S+475 bp	Oct 31, 2028
C••••• P•••••••	revolver first lien	Not disclosed	Not disclosed	S+525 bp	Jul 28, 2028
O•••••••••	term loan first lien	Not disclosed	Not disclosed	SOFR+650 bp	Jul 31, 2028
N•• S•••••• 2••••• S••••••s: C•••••••	revolver first lien	Not disclosed	Not disclosed n/a	SOFR+650 bp	Nov 1, 2028
O•••••• I•	delayed draw term loan first lien	Not disclosed	Not disclosed	S+450 bp	Sep 30, 2031
I••••••	delayed draw term loan first lien	Not disclosed	Not disclosed	SOFR+1200 bp	May 8, 2023
D•••••••	revolver first lien	Not disclosed	Not disclosed	S+475 bp	Jan 7, 2031
M••••••••	revolver first lien	Not disclosed	Not disclosed	S+475 bp	Dec 2, 2031
I•••••••••	revolver first lien	Not disclosed	Not disclosed	S+600 bp	Jan 20, 2028
C••••• B••••••	term loan first lien	Not disclosed	Not disclosed	S+525 bp	Jun 30, 2028
C••••••• F•••••••••	delayed draw term loan first lien	Not disclosed	Not disclosed	SOFR+500 bp	Oct 2, 2030
B••••	revolver first lien	Not disclosed	Not disclosed	SOFR+450 bp	Jul 1, 2027
C•• I•••••••••	delayed draw term loan first lien	Not disclosed	Not disclosed	SOFR+550 bp	Oct 8, 2029
A••••••••• S••••••	term loan first lien	Not disclosed	Not disclosed	S+575 bp	Apr 4, 2030
A•••••	delayed draw term loan first lien	Not disclosed	Not disclosed	S+450 bp	Aug 11, 2031
A•••••	revolver first lien	Not disclosed	Not disclosed	SOFR+575 bp	Sep 13, 2029
A•••••	term loan first lien	Not disclosed	Not disclosed	SOFR+500 bp	Jan 30, 2031
B•••• P••••• G••••	revolver first lien	Not disclosed	Not disclosed	SOFR+600 bp	Jul 29, 2028
A•••••	term loan first lien	Not disclosed	Not disclosed	SOFR+525 bp	Oct 18, 2029
V••••••	term loan first lien	Not disclosed	Not disclosed	S+500 bp	Sep 27, 2031
S••••• S••••	delayed draw term loan first lien	Not disclosed	Not disclosed	S+475 bp	Mar 25, 2031
A••••	delayed draw term loan first lien	Not disclosed	Not disclosed	SOFR+525 bp	Oct 2, 2028
S•• E••••••••• S••••••••	revolver first lien	Not disclosed	Not disclosed	S+500 bp	May 2, 2029
P••••••••	revolver first lien	Not disclosed	Not disclosed	S+525 bp	Aug 28, 2030
A• F••• • S•••••	delayed draw term loan first lien	Not disclosed	Not disclosed	S+450 bp	Feb 2, 2032
O•••••• I•	revolver first lien	Not disclosed	Not disclosed	S+450 bp	Mar 31, 2031
O•••••• I•	delayed draw term loan first lien	Not disclosed	Not disclosed	S+575 bp	Dec 29, 2030
W••••••••	revolver first lien	Not disclosed	Not disclosed	S+500 bp	Sep 30, 2031
B••••••••• S••••••	revolver lien unstated	Not disclosed	Not disclosed	S+450 bp	Jul 1, 2027
O••• T•••••••••	term loan first lien	Not disclosed	Not disclosed	S+550 bp	Dec 19, 2030
N•• S•••••• 2•••••	delayed draw term loan first lien	Not disclosed	Not disclosed	S+500 bp	Nov 1, 2029
T••• H•••••• Capital E••••••••	revolver first lien	Not disclosed	Not disclosed n/a	SOFR+575 bp	Mar 31, 2028
L•••••••	revolver first lien	Not disclosed	Not disclosed	S+525 bp	Jan 13, 2030
K•••• E••••••••• S••••••s	revolver first lien	Not disclosed	Not disclosed	S+525 bp	Oct 29, 2027
U•••••	delayed draw term loan first lien	Not disclosed	Not disclosed	S+350 bp	Sep 30, 2031
K••••	term loan first lien	Not disclosed	Not disclosed	S+475 bp	Nov 15, 2029

Page 6 of 14Previous Next

Registration

Fiscal year end: 1231reported
Incorporated: DEreported
On the SEC BDC report: 2015 to 2026reported
Filings listed: 19reported10-Q and 10-K since 2022
Latest schedule: 0001193125-26-348682reported