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.

R••••• G••••• F•••••• C••••

Business development companymanaged by R••••• G••••• C•••••• L••Listed: RWAY, RWAYI, RWAYL· CHICAGO, IL

A business development company traded as RWAY, RWAYI, RWAYL, managed by R••••• G••••• C•••••• L••, holding $1.2B across 81 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: $1.2B
Borrowers: 81
Mark on cost: 99.6¢
First lien: 89%

Schedule of investments (160)Quarter by quarter Sponsors

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

What matters now

$81.4M
on non-accrual, 1 borrower
1 borrower on non-accrual, $81.4M principal; the largest is M••••• S•••• S• ($81.4M).
Q2 2026 · Loans that have stopped paying interest; they set the book's credit losses.
FactBDC schedules of investments, 30 Jun 2026For LPs and shareholders in these BDCs, co-lenders on the same namesOpen M••••• S•••• S• →
93.3¢ → 99.6¢
book mark on cost
Marked its book up from 93.3¢ to 99.6¢ on the dollar in the quarter to Jun 30, 2026.
Q2 2026 · The whole portfolio was marked up.
Derivedthe schedule's fair value over cost, quarter on quarterQuarter by quarter →
2 below 80¢
$53.5M principal
2 positions across 2 borrowers marked below 80¢ on cost, $53.5M principal.
Q2 2026 · Marks this low usually come before non-accrual or a restructuring.
Derivedeach position's fair value over cost, 30 Jun 2026
56 → 81
borrowers
Added a net 25 borrowers in the quarter to Jun 30, 2026, to 81.
Q2 2026 · The book is turning over faster than usual.
Factthe schedule's borrowers, quarter on quarterSchedule of investments →
5 → 9
loans paying in kind
Loans paying in kind rose from 5 to 9 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 1653384 · file 814-01180Show

Fair value

$1.2B

as of Jun 30, 2026

Principal held

$1.2B

debt pieces, the filer's figure

Cost

$1.2B

100c on cost, debt pieces

Unfunded

Not disclosed

commitments not yet drawn

Positions

160

81 borrowers

First lien

89%

93% debt by fair value

Quarters on the tape

since Dec 31, 2021

Facilities held

126

10 sponsors financed

Portfolio through time

Fair value by quarter end$1.2B as of Jun 30, 2026

Dec 31, 2021$146M then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2026	$1.2B	81	100c	9	704 bp
Mar 31, 2026	$899M	56	93c	5	707 bp
Dec 31, 2025	$1.0B	58	97c	7	718 bp
Sep 30, 2025	$960M	55	98c	6	693 bp

All 16 quarters

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2025	$89B	55	101c	8	693 bp
Mar 31, 2025	$5.0B	54	98c	10	669 bp
Dec 31, 2024	$5.8B	59	98c	10	671 bp
Sep 30, 2024	$4.4B	59	98c	9	678 bp
Jun 30, 2024	$4.4B	56	98c	9	662 bp
Mar 31, 2024	$4.2B	55	98c	8	677 bp
Dec 31, 2023	$6.2B	62	99c	15	673 bp
Sep 30, 2023	$4.1B	61	98c	12	706 bp
Jun 30, 2023	$4.4B	59	99c	12	731 bp
Mar 31, 2023	$159B	62	92c	15	772 bp
Dec 31, 2022	$9.1B	67	99c	37	769 bp
Dec 31, 2021	$146M	3	n/a	0	1150 bp

Sponsors financed

No borrower on this schedule has a sponsor attribution yet.

What changed

New borrower on a BDC scheduleJun 30, 2026
••• Locked
New lender joined a facilityJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked

Full timeline · 20 events

New borrower on a BDC scheduleJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
New lender joined a facilityJun 30, 2026
••• Locked
New lender joined a facilityJun 30, 2026
••• Locked
PIK interest increasedJun 30, 2026
••• Locked
PIK interest appearsJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked

Every position change, including routine ones

Largest facilities held, with co-lenders

3•• C•••••• L•• first lien term loan
1 BDC hold it · matures Sep 30, 2026
$72.3M 92c
M••••• S•••• S• unsecured or subordinated subordinated debt
1 BDC hold it · matures Dec 31, 2030
$63.8M 81c
S•••••• I•• first lien term loan
1 BDC hold it · matures Sep 30, 2028
$54.6M 101c
A•••••• G••••• I•• first lien term loan
1 BDC hold it · matures Jun 15, 2028
$51.4M 101c
U•••• T••••••••• I•• first lien term loan
1 BDC hold it · matures May 8, 2031
$51.0M 63c
K•• I••••••••• I•• first lien term loan
1 BDC hold it · matures Aug 13, 2029
$45.0M 101c
P•••• S•••••••• I•• first lien term loan
1 BDC hold it · matures Dec 31, 2029
$43.0M 101c
B••••• I•• first lien term loan
1 BDC hold it · matures Dec 15, 2029
$40.0M 103c
E•• S••••••• I•• first lien term loan
1 BDC hold it · matures Jun 15, 2027 · possible sponsor B••••• W••• C••••••• L••
$40.0M 101c
M•••••• R•••• I•• first lien term loan
1 BDC hold it · matures Aug 29, 2029
$40.0M 100c
Z••••• C•••••••• H•••••••• L•• first lien term loan
2 BDCs hold it · matures Sep 21, 2029
$40.0M 100c
E•••••• S•••••••• I•• first lien term loan
1 BDC hold it · matures Jul 10, 2027 · possible sponsor C•••••• G••••• C••••••• L••
$39.0M 102c

Schedule of investments at Sep 30, 2023

149 positions

Borrower	Instrument	Principal	Fair value	Maturity
R•••••••• I••• T••••••••• H•••••••, S•••••• & P•••••••••	preferred equity equity	Not disclosed	$307,000 81c	Jun 27, 2029
s• T••••••••• H•••••••• S•••••• • P•••••••••	equity equity	Not disclosed	$280,000 8c
s• T••••••••• H•••••••• S•••••• • P••••••••• Q•••••• C•••••••••	equity equity	Not disclosed	$280,000 11c
R•••••••• I••• T••••••••• H•••••••, S•••••• & P•••••••••	preferred equity equity	Not disclosed	$279,000 205c	Oct 5, 2028
N••••••••• I••••••••• W••••••• H••••• C••• E•••••••• H••••• C••• E••••••••	warrants equity	Not disclosed	$259,000 86c
S••••••• M•••••• C••••••••• H••••• C••• T•••••••••	preferred equity equity	Not disclosed	$238,000 322c	Dec 29, 2032
D••• S••••••• I••• S••••• C• A••••••••• S•••••••	preferred equity equity	Not disclosed	$235,000 398c	Jun 1, 2025
s• A••••••••• S••••••• A••• S••••••• I•••	preferred equity equity	Not disclosed	$231,000 92c
s• A••••••••• S•••••••	preferred equity equity	Not disclosed	$231,000 92c
S••••• S••••••• D••••• L••• I•••	warrants equity	Not disclosed	$230,000 120c	May 31, 2029
S••••• S•••••••	warrants equity	Not disclosed	$230,000 43c
C•••••••• I••• H•••• R••••••• & E••••••••• Services	preferred equity equity	Not disclosed	$169,000 106c	Aug 17, 2031
S••••••• M•••••• C••••••••• H••••• C••• T•••••••••	preferred equity equity	Not disclosed	$158,000 1129c	Jun 29, 2031
M••••••• I••• H••••• C••• E••••••••	preferred equity equity	Not disclosed	$157,000 90c	Jun 24, 2032
M•••••• R•••• I••• S•••••• F•• I••••••• & Direct M•••••••• R•••••	warrants equity	Not disclosed	$153,000 107c
N••••••••• I••••••••• W••••••• I••••••• • D••••• M•••••••• R I••••••• & Direct M•••••••• R•••••	warrants equity	Not disclosed	$153,000 107c
S•••••• I••• I••••••• S••••••• and Services	warrants equity	Not disclosed	$121,000 94c	Jun 30, 2032
I••••••••• C••••••••• D••• P••••••••• & O••••••••• Services	warrants equity	Not disclosed	$113,000 52c	Jun 24, 2032
A••••••• T••••••••• I••• E•••••• H••••• C••• T•••••••••	warrants equity	Not disclosed	$112,000	Aug 1, 2028
B••••••• I••• I••••••• S••••••• and Services	warrants equity	Not disclosed	$108,000 62c	Mar 31, 2031
R•••••• A••••••••• I••• H••••• C••• E••••••••	preferred equity equity	Not disclosed	$102,000 81c	Mar 30, 3032
N••• M••••••• I••• H••••• C••• T•••••••••	preferred equity equity	Not disclosed	$81,000 47c	Oct 12, 2032
N••••••••• I••••••••• W••••••• B••••••••• B•••••••••	warrants equity	Not disclosed	$78,000 14c
C•••••••• I••• H•••• R••••••• & E••••••••• Services	preferred equity equity	Not disclosed	$73,000 107c	Jun 30, 2033
C••••••••• C••••••••• A••••••••• S•••••••	preferred equity equity	Not disclosed	$70,000 2c	Dec 20, 2028
M•••••• B••• I••• B•••••••••	warrants equity	Not disclosed	$66,000 21c	Mar 4, 2032
R•••••••• I••• T••••••••• H•••••••, S•••••• & P•••••••••	preferred equity equity	Not disclosed	$56,000 224c	Dec 28, 2028
F••••••••• I••• E•••••• A••••••••• S•••••••	warrants equity	Not disclosed	$45,000 35c	Jul 29, 2027
A••••••• T••••••••• I••• H••••• C••• T•••••••••	warrants equity	Not disclosed	$36,000 13c	Jan 22, 2025
C••••••••• C••••••••• A••••••••• S•••••••	preferred equity equity	Not disclosed	$17,000 2c	Oct 31, 2029
T••••• P••••••••• I••• B•••••••••	warrants equity	Not disclosed	$12,000 5c	Sep 2, 2032
A••••••• T••••••••• I••• H••••• C••• T•••••••••	warrants equity	Not disclosed	$2,000 1c	Jan 22, 2025
A••••••• T••••••••• I••• H••••• C••• T•••••••••	warrants equity	Not disclosed	$2,000 1c	Jan 22, 2025
A••••••• I•• I••• S••••••••• C••••••• Services	warrants equity	Not disclosed	Not disclosed n/a	Sep 1, 2027
M••••• H••••••••• S••••••••• I••• S••••• C• H••••• C••• T•••••••••	preferred equity equity	Not disclosed	Not disclosed n/a	Aug 15, 2028
3••• C•••• ••• N••••••••• A••••••••• S•••••••	preferred equity equity	Not disclosed	Not disclosed n/a	Dec 28, 2028
C••••••• C•••	warrants equity	Not disclosed	Not disclosed
N••••••••• I••••••••• W••••••• A••••••••• A•••••••••	warrants equity	Not disclosed	Not disclosed n/a
P•••• G••••• I••• E•••••• A••••••••• S•••••••	warrants equity	Not disclosed	Not disclosed	Dec 23, 2023
K•• I••••••••• I••• P••••••• & C••••••• I••••••••	preferred equity equity	Not disclosed	Not disclosed n/a	May 5, 2033
S•• V•••• I••• C•••• B• N••••••••• S•••• A•••••••••	warrants equity	Not disclosed	Not disclosed n/a	Dec 3, 2028
A••••••• I•• I••• S••••••••• C••••••• Services	warrants equity	Not disclosed	Not disclosed n/a	Oct 17, 2028
M•••••••• I••• C••••••• & E••••••••• R•••••	preferred equity equity	Not disclosed	Not disclosed n/a	Jul 22, 2029
s• T••••••••• H•••••••• S•••••• • P••••••••• z•••••• I•••	equity equity	Not disclosed	Not disclosed n/a
N••••••••• I••••••••• W••••••• C••••••• • E••••••••• R••••• C••••••• & E••••••••• R•••••	warrants equity	Not disclosed	Not disclosed n/a
S••••• S••••••• S•••• C••••••••• I•••	warrants equity	Not disclosed	Not disclosed n/a	Mar 29, 2029
F•••••• C••••••••• I••• I••••••• S••••••• and Services	warrants equity	Not disclosed	Not disclosed n/a	Mar 25, 2032
S••••••••• I••• H•••• R••••••• & E••••••••• Services	preferred equity equity	Not disclosed	Not disclosed n/a	Sep 29, 2031
K•• I••••••••• I••• P••••••• & C••••••• I••••••••	preferred equity equity	Not disclosed	Not disclosed n/a	Aug 25, 2033

Page 2 of 2Previous

Registration

Fiscal year end: 1231reported
Incorporated: MDreported
On the SEC BDC report: 2018 to 2026reported
Filings listed: 19reported10-Q and 10-K since 2022
Former names: R••••• Growth Credit Fund Inc.; GSV Growth Credit Fund Inc.reported
Latest schedule: 0001193125-26-337968reported