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.
B••• C•••••• S•••••••• F••••••• I•••
A business development company traded as B•••, managed by B••• A•••••••• L•, holding $2.4B across 243 borrowers at Jun 30, 2026.
Composed from this BDC's filings and its latest schedule of investments.
As of · the latest schedule of investments read for this BDC
- Fair value
- $2.4B
- Borrowers
- 243
- Mark on cost
- 95.6¢
- First lien
- 63%
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
As of · the latest schedule of investments read for this BDC
What matters now
- $70.7Mon non-accrual, 3 borrowers
3 borrowers on non-accrual, $70.7M principal; the largest is S•••••• M••••• ($36.3M).
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 S•••••• M••••• → - $70.2Mnewly on non-accrual
2 borrowers newly placed on non-accrual in Q2 2026, $70.2M principal: S•••••• M••••• ($36.3M), A• • R• L••••••••• I•• ($33.9M).
Q2 2026 · The newest credit problems in the book.
- 21 below 80¢$145M principal
21 positions across 9 borrowers marked below 80¢ on cost, $145M principal.
Q2 2026 · Marks this low usually come before non-accrual or a restructuring.
Derivedeach position's fair value over cost, 30 Jun 2026
Every headline figure, and the identifiersCIK 1655050 · file 814-01175ShowHide
Fair value
$2.4B
as of Jun 30, 2026
Principal held
$2.2B
debt pieces, the filer's figure
Cost
$2.4B
96c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
Positions
677
243 borrowers
First lien
63%
85% debt by fair value
Quarters on the tape
17
since Dec 31, 2021
Facilities held
553
37 sponsors financed
Portfolio through time
Fair value by quarter end$2.4B as of Jun 30, 2026
Dec 31, 2021$2.9B then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $2.4B | 243 | 96c | 78 | 574 bp |
| Mar 31, 2026 | $2.5B | 243 | 96c | 85 | 573 bp |
| Dec 31, 2025 | $2.7B | 233 | 98c | 103 | 581 bp |
| Sep 30, 2025 | $2.5B | 221 | 98c | 72 | 585 bp |
All 17 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2025 | $2.5B | 207 | 98c | 74 | 590 bp |
| Mar 31, 2025 | $2.5B | 196 | 98c | 70 | 585 bp |
| Dec 31, 2024 | $3.0B | 209 | 97c | 85 | 610 bp |
| Sep 30, 2024 | $2.4B | 185 | 98c | 50 | 616 bp |
| Jun 30, 2024 | $2.6B | 174 | 99c | 44 | 618 bp |
| Mar 31, 2024 | $2.8B | 174 | 99c | 44 | 636 bp |
| Dec 31, 2023 | $2.8B | 161 | 98c | 63 | 647 bp |
| Sep 30, 2023 | $2.5B | 169 | 98c | 36 | 639 bp |
| Jun 30, 2023 | $2.5B | 169 | 98c | 31 | 626 bp |
| Mar 31, 2023 | $2.5B | 164 | 97c | 28 | 621 bp |
| Dec 31, 2022 | $5.2B | 186 | 97c | 56 | 620 bp |
| Sep 30, 2022 | $2.3B | 156 | 96c | 6 | 611 bp |
| Dec 31, 2021 | $2.9B | 136 | 99c | 17 | 579 bp |
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
- Repeat sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
Full timeline · 20 eventsShow fewer
- Placed on non-accrualJun 30, 2026
- Placed on non-accrualJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
Largest facilities held, with co-lenders
- V••••••• I••••••••• unsecured or subordinated term loan1 BDC hold it · matures Feb 22, 2028$254M 88c
- V••••••• B••• C•••••• unsecured or subordinated term loan2 BDCs hold it · matures Dec 24, 2036$179M 90c
- S•••••• H•••••• L•• first lien term loan2 BDCs hold it · matures May 13, 2030$71.0M 103c
- A•• V••••• first lien delayed draw term loan2 BDCs hold it · matures Mar 27, 2027 · possible sponsor R•••• C•••••• G••••• L••$59.9M 100c
- A••••••• T•••••• R••••• G••••• L•• unsecured or subordinated subordinated debt1 BDC hold it · matures Dec 1, 2028$49.9M 89c
- $39.5M n/a
- D••• first lien term loan2 BDCs hold it · matures Sep 30, 2029$33.2M 99c
- A••••••••• I•• first lien term loan4 BDCs hold it · matures May 25, 2029$31.9M 84c
- E•••••••• C••••••••• R••••• M•••••••• C••••••• L•• first lien term loan2 BDCs hold it · matures Sep 30, 2026$30.2M 102c
- T•••••• first lien term loan1 BDC hold it · matures Feb 28, 2029$29.3M 101c
- S••••••• L•• first lien term loan2 BDCs hold it · matures Mar 27, 2029$29.3M 91c
- T•••• C•••• S•••••••• I•• first lien term loan2 BDCs hold it · matures Sep 7, 2029$27.6M 100c
Schedule of investments at Dec 31, 2025
698 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| I••• L••••••••• I••• T•••••••••: C•••• | revolver first lien | Not disclosed | -$13,000 108c | S+625 bp | Mar 1, 2029 |
| S••••• F••••••• L•• C••••••• G••••: N••••••••• | revolver first lien | Not disclosed | -$13,000 108c | S+525 bp | May 16, 2031 |
| I••• L••••••••• I•• T•••••••••: C•••• | revolver first lien | Not disclosed | -$13,000 108c | S+625 bp | Mar 1, 2029 |
| W••• C••••••••• B••••• L•• H••••••••• & P••••••••• | revolver first lien | Not disclosed | -$15,000 100c | S+500 bp | Dec 18, 2032 |
| F•••• A• B•••• P•• L•• W•••••••• | delayed draw term loan first lien | Not disclosed | -$15,000 375c | S+500 bp | Aug 1, 2031 |
| E••••• G•••• S••••••s: B••••••• | revolver first lien | Not disclosed | -$16,000 178c | S+550 bp | Apr 9, 2030 |
| F•••• I•••••••• M••• | revolver first lien | Not disclosed | -$16,000 114c | S+500 bp | Nov 10, 2031 |
| E•••••••• N••••• L•• M••••• & M••••• | delayed draw term loan first lien | Not disclosed | -$18,000 | S+575 bp | Aug 1, 2031 |
| C••• B•• H••••, G••••• & L•••••• | revolver first lien | Not disclosed | -$24,000 75c | S+535 bp | Sep 4, 2030 |
| P••••••••• M•••••• C••• L•• H••••••••• & P••••••••• | revolver first lien | Not disclosed | -$25,000 109c | S+475 bp | Jul 1, 2032 |
| H•••• C••••••• G••••: N••••••••• | revolver first lien | Not disclosed | -$27,000 225c | S+525 bp | Oct 25, 2029 |
| L•••••••• H••• T••• I••••••••• | revolver first lien | Not disclosed | -$33,000 367c | S+750 bp | Jul 2, 2029 |
| F••••••••• J•••••••• F•••• ••••• S••••••s: B••••••• | delayed draw term loan first lien | Not disclosed | -$38,000 271c | S+550 bp | Apr 3, 2032 |
| F•••• G••••• M••••: A•••••••••, P••••••• & P••••••••• | revolver first lien | Not disclosed | -$39,000 300c | S+525 bp | Jun 20, 2031 |
| A••••• G•••••• U•••••• I••• B•••••••, F••• & T•••••• | revolver first lien | Not disclosed | -$47,000 470c | S+676 bp | May 24, 2028 |
| O•• A••••••••• L•• S••••••s: C••••••• | revolver first lien | Not disclosed | -$47,000 588c | S+475 bp | Apr 17, 2032 |
| S••••• F•••• B• S••••••s: B••••••• | delayed draw term loan first lien | Not disclosed | -$65,000 | S+550 bp | Jul 15, 2029 |
| C••• B•• H••••, G••••• & L•••••• | delayed draw term loan first lien | Not disclosed | -$66,000 | S+535 bp | Sep 4, 2030 |
| C•••••• A••••••••• | delayed draw term loan first lien | Not disclosed | -$76,000 345c | S+550 bp | Feb 5, 2031 |
| D••• S••••••s: B••••••• | delayed draw term loan first lien | Not disclosed | -$81,000 270c | S+750 bp | Sep 30, 2029 |
| P••• S••••••s: B••••••• | delayed draw term loan first lien | Not disclosed | -$82,000 357c | S+550 bp | Dec 20, 2030 |
| A••••••••• H••• T••• I••••••••• | revolver first lien | Not disclosed | -$137,000 979c | S+625 bp | May 25, 2028 |
| C••••••• G••••• W•••••••• W•• | revolver first lien | Not disclosed | -$153,000 2550c | Apr 27, 2028 | |
| F•••• G••••• M••••: A•••••••••, P••••••• & P••••••••• | delayed draw term loan first lien | Not disclosed | -$158,000 585c | S+525 bp | Dec 20, 2031 |
| B••••••••• S••••••s: B••••••• | delayed draw term loan first lien | Not disclosed | -$194,000 | S+575 bp | Jun 28, 2031 |
| E•• H••••• H••••••••• & P••••••••• | revolver first lien | Not disclosed | Not disclosed | S+550 bp | Aug 7, 2030 |
| T•• H••••• L• | unstated lien unstated | Not disclosed | Not disclosed | ||
| G••••••• S•••••••• ••• B•••• M•••••••• H••• T••• I••••••••• | revolver first lien | Not disclosed | Not disclosed n/a | S+500 bp | Oct 7, 2030 |
| P•••••• G••••• H••••••••• H••••, G••••• & L•••••• | revolver first lien | Not disclosed | Not disclosed n/a | S+525 bp | Jan 19, 2028 |
| m••••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| I••••••••• | term loan unsecured or subordinated | Not disclosed | Not disclosed | ||
| A•• A•••••••• & D•••••• | revolver first lien | Not disclosed | Not disclosed | S+575 bp | Jul 12, 2029 |
| E•• A••••••••• I••• Capital E•••••••• | delayed draw term loan first lien | Not disclosed | Not disclosed | S+525 bp | Dec 19, 2031 |
| A• S••••••• C••••••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| S••••••••• G••• M••••: D••••••••• & P••••••••• | delayed draw term loan first lien | Not disclosed | Not disclosed | Feb 23, 2026 | |
| F•••• I•••••••• S••••••••• | revolver first lien | Not disclosed | Not disclosed n/a | S+475 bp | Dec 31, 2031 |
| A•••••• H•••••• G••• H••••••••• & P••••••••• | delayed draw term loan first lien | Not disclosed | Not disclosed | S+550 bp | Nov 15, 2032 |
| B••••• S••••••••• L••••• H••••••••• & P••••••••• | revolver first lien | Not disclosed | Not disclosed | S+550 bp | Mar 25, 2028 |
| L•••••••• H••••••• B• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| H• I•••••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| D•••••••• S••••• L••••• S••••••s: B••••••• | revolver first lien | Not disclosed | Not disclosed n/a | S+475 bp | Mar 18, 2030 |
| E•••••••• N•••• I••••••••• L•• M••••• & M••••• | equity equity | $112,000 | Not disclosed | ||
| B••• S••••••••• I••••••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| E••••••••• M••••••• S•••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| G•••• P•••• S• | unstated lien unstated | Not disclosed | Not disclosed | ||
| G•••••• I••••••••• H••••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| S••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| C••••••• G••••• W•••••••• W•• | equity equity | $2.9M | Not disclosed n/a | ||
| G••• A••••••• ••••••••• C• | unstated lien unstated | Not disclosed | Not disclosed | ||
| G•••• P•••• S• | unstated lien unstated | Not disclosed | Not disclosed | ||
| C•••••••• Y•••• L•• S••••••s: C••••••• | delayed draw term loan first lien | Not disclosed | Not disclosed n/a | S+525 bp | Apr 30, 2031 |
| A•••••• H•••••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| S•••••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| S••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| D••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| B•• J•••••••• H••••••• A••••••• •• I••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| S••••••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| D•••• B•••• L•••••• S••••••s: B••••••• | revolver first lien | Not disclosed | Not disclosed n/a | S+500 bp | Oct 30, 2030 |
| O•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| L••••• C•••••••• L•••••• H•••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| E•• H••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| B•• H•• I••••••••• 1• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| O•••••• H••••••••• & P••••••••• | revolver first lien | Not disclosed | Not disclosed n/a | S+525 bp | Nov 21, 2030 |
| C•••••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| S•••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| C••••••• G••••• W•••••••• W•• | preferred equity equity | Not disclosed | Not disclosed n/a | ||
| G•••••• I••••••••• H••••••• L•• T•••••••••: C•••• | preferred equity equity | $11,000 | Not disclosed n/a | ||
| F•••• F•••••• L••••• C•••••••• L•••••• H•••••• L•• | equity equity | $1,000 | Not disclosed | ||
| A•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| A• S••••••• C••••••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| B•• J•••••••• H••••••• A••••••• ••• I•• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| L•• S•• C••••••••• L••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| T•••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| T••••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| A•• A••••••• S••••••• I••••••••• L••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| E•••• R••• C•••••• C••••••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| C•••• T••••••••• S•••••••• •••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| B•• T••••••• F•••• I••••••••• 1• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| C• T•••• H•••••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| W••••••••• A•••••••• & D•••••• | delayed draw term loan first lien | Not disclosed | Not disclosed | S+500 bp | Feb 15, 2029 |
| E•••••••• H••••• L•••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| D•••• P••••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| E•••••••• N•••• I••••••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| H••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| F•• A••••••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| H••••••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| C••• F•••• F••••• L•• W•••••••• | revolver first lien | Not disclosed | Not disclosed n/a | S+600 bp | Jun 6, 2031 |
| I••••••• F•••••••• G•••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| D••• S••••••s: B••••••• | equity equity | $4.0M | Not disclosed | ||
| W•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| A•• S••••••s: B••••••• | revolver first lien | Not disclosed | Not disclosed n/a | S+500 bp | Oct 17, 2031 |
| P••••••• H••• T••• I••••••••• | revolver first lien | Not disclosed | Not disclosed n/a | S+500 bp | Oct 31, 2030 |
| P••••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| S••••••••• H••• T••• I••••••••• | revolver first lien | Not disclosed | Not disclosed n/a | S+750 bp | Mar 15, 2029 |
| O•••••• B••••••••• H••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| G••••••• S•••••••• ••• B•••• M•••••••• H••• T••• I••••••••• | delayed draw term loan first lien | Not disclosed | Not disclosed n/a | S+500 bp | Oct 7, 2030 |
| P••• W•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| S•••••• M••••• C••••••••• & B••••••• | preferred equity equity | Not disclosed | Not disclosed n/a | ||
| A•• A•• C•••••• L••• Capital E•••••••• | revolver first lien | Not disclosed | Not disclosed n/a | Oct 31, 2029 | |
| P•• B•••••••, F••• & T•••••• | preferred equity equity | $33,000 | Not disclosed |
Registration
- Fiscal year end
- 1231reported
- Incorporated
- DEreported
- On the SEC BDC report
- 2018 to 2026reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Former names
- Sankaty Capital Corpreported
- Latest schedule
- 0001193125-26-342491reported