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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

BDC portfolio

B••• C•••••• S•••••••• F••••••• I•••

BDCB•••CIK 1655050file 814-01175BOSTON, MAmanaged by B••• A•••••••• L•

Fair value

$2.4B

as of Jun 30, 2026

Principal held

$2.2B

debt pieces, the filer's figure

Cost

$2.4B

100c on cost

Unfunded

n/a

commitments not yet drawn

Positions

677

243 borrowers

First lien

63%

85% debt by fair value

Quarters on the tape

since Dec 31, 2021

Facilities held

553

36 sponsors financed

Portfolio through time

Fair value by quarter end$2.4B as of Jun 30, 2026

Dec 31, 2021$2.8B then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2026	$2.4B	243	95c	78	536 bp
Mar 31, 2026	$2.5B	244	96c	85	534 bp
Dec 31, 2025	$2.7B	234	98c	103	557 bp
Sep 30, 2025	$2.5B	222	98c	72	556 bp
Jun 30, 2025	$2.5B	208	98c	74	554 bp
Mar 31, 2025	$2.3B	197	98c	67	562 bp
Dec 31, 2024	$3.0B	207	97c	85	584 bp
Sep 30, 2024	$2.4B	186	98c	50	604 bp
Jun 30, 2024	$2.6B	175	99c	44	606 bp
Mar 31, 2024	$2.8B	175	99c	44	611 bp
Dec 31, 2023	$2.8B	162	98c	63	609 bp
Sep 30, 2023	$2.5B	170	98c	36	629 bp
Jun 30, 2023	$2.5B	171	96c	31	618 bp
Mar 31, 2023	$2.5B	166	98c	28	619 bp
Dec 31, 2022	$5.0B	187	96c	56	617 bp
Sep 30, 2022	$2.3B	157	96c	6	618 bp
Dec 31, 2021	$2.8B	140	99c	17	577 bp

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

Repeat sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances another S••••• O•• S••••••• P••••••••• borrower (2 borrowers, 6 facilities held)
New sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances a first R•••• C•••••• G••••• L•• borrower (1 borrower, 2 facilities held)
Repeat sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances another F•••••• S••••• • C•• borrower (4 borrowers, 9 facilities held)
Repeat sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances another W••• M••••••••• C••••••••• borrower (2 borrowers, 5 facilities held)
New borrower on a BDC scheduleJun 30, 2026
G•••••• S•••• F•••••••• S••••• G••••••••• F••• I••••••••• S•••• C•••• first appears in a BDC schedule (1 lender)
Repeat sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances another T•• S••••••• G••••• L••• borrower (3 borrowers, 6 facilities held)
New sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances a first W••••••••• C•••••• I•••••••• borrower (1 borrower, 3 facilities held)
New sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances a first A••••••• C•••••• G•••• L•• borrower (1 borrower, 2 facilities held)
New lender joined a facilityJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• joins A••••••••• L•• term loan (first lien) held by 10 other BDCs
New sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances a first P••••••• E••••• A•••••••• L•• borrower (1 borrower, 2 facilities held)
New sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances a first W• G••••• P••••••• L•• borrower (1 borrower, 3 facilities held)
New sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances a first V•••• E••••• P••••••• M••••••••• L•• borrower (1 borrower, 2 facilities held)
New sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances a first U•••••• borrower (1 borrower, 3 facilities held)
Repeat sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances another M••••• E••••• P••••••• borrower (2 borrowers, 4 facilities held)
New sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances a first A••••• H••••••• M••••••••• C•••••• L•• borrower (1 borrower, 1 facility held)
New sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances a first J•• P••••••• L•• borrower (1 borrower, 3 facilities held)
New sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances a first E•••••••• P••••••• borrower (1 borrower, 2 facilities held)
New sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances a first F•••••• H••••••••• P••••••• borrower (1 borrower, 2 facilities held)
New sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances a first L••••••••• F•••••• borrower (1 borrower, 3 facilities held)
Repeat sponsor and lender pairJun 30, 2026
B••• C•••••• S•••••••• F••••••• I••• finances another Z•• A•••••••• L••• borrower (2 borrowers, 5 facilities held)

Every position change, including routine ones

Largest facilities held, with co-lenders

V••••••• I••••••••• unsecured or subordinated term loan
1 BDC hold it · matures Feb 22, 2028
$254M 88c
V••••••• B••• C•••••• unsecured or subordinated term loan
2 BDCs hold it · matures Dec 24, 2036
$179M 90c
S•••••• H•••••• L•• first lien term loan
2 BDCs hold it · matures May 13, 2030
$71.0M 103c
A•• V••••• first lien delayed draw term loan
2 BDCs hold it · matures Mar 27, 2027 · R•••• C•••••• G••••• L••
$59.9M 100c
A••••••• T•••••• R••••• G••••• L•• unsecured or subordinated subordinated debt
1 BDC hold it · matures Dec 1, 2028
$49.9M 89c
G•••••• S•••• F•••••••• S••••• G••••••••• F••• I••••••••• S•••• C•••• other
1 BDC hold it
$39.5M n/a
D••• first lien term loan
2 BDCs hold it · matures Sep 30, 2029
$33.2M 99c
A••••••••• I•• first lien term loan
4 BDCs hold it · matures May 25, 2029
$31.9M 84c
E•••••••• C••••••••• R••••• M•••••••• C••••••• L•• first lien term loan
2 BDCs hold it · matures Sep 30, 2026
$30.2M 102c
T•••••• first lien term loan
2 BDCs hold it · matures Feb 28, 2029
$29.3M 101c
S••••••• L•• first lien term loan
2 BDCs hold it · matures Mar 27, 2029
$29.3M 91c
T•••• C•••• S•••••••• I•• first lien term loan
2 BDCs hold it · matures Sep 7, 2029
$27.6M 100c

Schedule of investments at Jun 30, 2026

677 positions

Borrower	Instrument	Principal	Fair value	Rate	Maturity
O•• A••••••••• L•• Media: Diversified & Production	term loan first lien	$639,000	$610,000 96c	SOFR+475 bp	Apr 17, 2032
A&R L••••••••, Inc. Transportation: Cargo	term loan first lien	$949,000	$605,000 64c	SOFR+265 bp PIK 4.25%	Feb 3, 2028
L••••••••• B••••• I••. H••••••••• & Pharmaceuticals	revolver first lien	$619,000	$600,000 99c	SOFR+475 bp	Feb 6, 2032
H••••• Wholesale	term loan first lien	$597,000	$597,000 101c	SOFR+550 bp	Mar 31, 2029
C•• I••• B•••• L•• Beverage, Food & Tobacco	subordinated debt unsecured or subordinated	$604,000	$595,000 100c	12.00%	Dec 22, 2031
A•••••• High Tech Industries	revolver first lien	$594,000	$594,000 104c	SOFR+500 bp	Mar 10, 2031
L• B••••• S• Hotel, Gaming & Leisure	delayed draw term loan first lien	$500,000	$572,000 110c	//www.baincapital.com/20260630#Euro Interbank Offered Rate+375 bp	Feb 21, 2028
S•••••••• Beverage, Food & Tobacco	equity equity	$1,000	$558,000 112c
A••••••• A•••••• S••••••s: Business	preferred equity equity	$592,000	$551,000 93c
P•••••••• U••••••• H•••••••• L•• A•••••••• & Defense	equity equity	$1.4M	$546,000 39c
F•••• F•••••• S•••••	warrants equity	$5,000	$541,000
H••••• I•• L•• High Tech Industries	term loan first lien	$535,000	$530,000 100c	SOFR+500 bp	Mar 13, 2031
W••••• E••••• Consumer Goods: Durable	delayed draw term loan first lien	$522,000	$522,000 100c	10.00% PIK 10.00%	Sep 30, 2026
S••••• S••••••s: Business	equity equity	$496,000	$491,000 91c
R•••••••• I••. High Tech Industries	revolver first lien	$573,000	$472,000 83c	SOFR+590 bp PIK 0.50%	Apr 15, 2027
B•• B••••• I••. S••••••s: Business	revolver first lien	$482,000	$471,000 100c	SOFR+500 bp	Oct 31, 2031
A•••••• G••••• C•• A••••••••• I••. Capital Equipment	term loan first lien	$472,000	$465,000 100c	SOFR+650 bp	Aug 27, 2030
B•••• B•••• S••••••s: Business	term loan first lien	$386,000	$464,000 91c	SOFR+198 bp PIK 6.13%	Jul 10, 2028
A••••••••• High Tech Industries	revolver first lien	$1.0M	$463,000 45c	SOFR+575 bp	May 25, 2028
S••••• F••••••• L•• Consumer Goods: Non-Durable	term loan first lien	$459,000	$455,000 100c	SOFR+525 bp	May 16, 2031
T•••••• Telecommunications	term loan first lien	$442,000	$442,000 102c	SOFR+625 bp	Feb 28, 2029
A•• V••••• H••••••••• & Pharmaceuticals	term loan first lien	$441,000	$441,000 97c	SOFR+590 bp	Mar 27, 2027
New L••• V••••• Group R•••••	revolver first lien	$613,000	$432,000 103c	//www.baincapital.com/20260630#Canadian Overnight Repo Rate Average+525 bp	May 26, 2028
A••••• Parent Holdings, L.P. H••••••••• & Pharmaceuticals	preferred equity equity	$4,000	$427,000 106c
F•••• I•••••••• M••••••• A••••••••• I••.	delayed draw term loan first lien	$411,000	$411,000 101c	SOFR+490 bp	Dec 19, 2027
F• D•••••• B••. Environmental Industries	delayed draw term loan first lien	$361,000	$402,000 97c	//www.baincapital.com/20260630#Euro Interbank Offered Rate+525 bp	Mar 4, 2033
M•• B••••• L•• S••••••s: Consumer	term loan first lien	$457,000	$393,000 87c	SOFR+690 bp PIK 0.50%	Dec 22, 2028
F•••• F•••••• P••••••••	term loan first lien	$295,000	$392,000 106c	//www.baincapital.com/20260630#Sterling Overnight Index Average+550 bp	May 23, 2029
New L••• V••••• Group R•••••	delayed draw term loan first lien	$385,000	$385,000 100c	SOFR+525 bp	May 26, 2028
B•••••• A•••••••• Group Holdings, Inc. A•••••••• & Defense	revolver first lien	$391,000	$383,000 100c	SOFR+600 bp	Oct 28, 2030
L•• C• C••••••••• L••. S••••••s: Business	equity equity	$287,000	$372,000 98c
B•• C•• i••••••••• 1• L•• Beverage, Food & Tobacco	equity equity	$370,000	$370,000 100c
R••••• O••••••••• (Collage Rehabilitation) H••••••••• & Pharmaceuticals	term loan first lien	$358,000	$358,000 101c	SOFR+500 bp	Feb 28, 2031
D•••• P••••••• S••••••s: Business	equity equity	$359,000	$356,000 99c
Z••• F••• • S••••••• Construction & Building	revolver first lien	$351,000	$351,000 104c	SOFR+500 bp	Dec 11, 2030
O•• A••••••••• L•• Media: Diversified & Production	revolver first lien	$456,000	$349,000 78c	SOFR+475 bp	Apr 17, 2032
A•• I••••••• H••••••••• & Pharmaceuticals	delayed draw term loan first lien	$340,000	$340,000 101c	SOFR+500 bp	Mar 19, 2032
F•••• I•••••••• M••••••• A••••••••• I••.	revolver first lien	$337,000	$337,000 100c	SOFR+485 bp	Dec 20, 2027
T•• H••••• L• Consumer Goods: Durable	equity equity	$1.3M	$334,000 27c
REP C••••••• I•••A O•••, L.P. Transportation: Cargo	equity equity	$1.4M	$333,000 24c
A•• A••••••• S••••••• I••••••••• L••. Construction & Building	equity equity	$3,000	$324,000 96c
H•••••• Beverage, Food & Tobacco	subordinated debt unsecured or subordinated	$570,000	$321,000 92c	15.00% PIK 15.00%	Mar 27, 2031
T•••••• Telecommunications	equity equity	$358,000	$313,000 97c
C••• S••••••s: Business	delayed draw term loan first lien	$295,000	$295,000 101c	SOFR+300 bp PIK 4.13%	May 21, 2031
P•• G•••• Capital Equipment	equity equity	$376,000	$294,000 78c
E•••••••• N••••• L•• Metals & Mining	revolver first lien	$269,000	$269,000 102c	SOFR+575 bp	Aug 1, 2031
F•••• F•••••• I••••••• F•••••••• G•••• L••	term loan first lien	$267,000	$267,000 102c	SOFR+660 bp	Aug 1, 2028
P•• G•••• Capital Equipment	revolver first lien	$220,000	$263,000 95c	//www.baincapital.com/20260630#Sterling Overnight Index Average+550 bp	Feb 28, 2031
M••••• 5••• G••• H••••••••• & Pharmaceuticals	term loan first lien	$236,000	$262,000 100c	//www.baincapital.com/20260630#Euro Interbank Offered Rate+400 bp PIK 2.75%	May 28, 2028
W••••••••• A•••••••• & Defense	delayed draw term loan first lien	$256,000	$256,000 100c	SOFR+500 bp	Feb 15, 2029
F•••• I•••••••• M••••••• A••••••••• I••.	term loan first lien	$247,000	$247,000 100c	SOFR+490 bp	Dec 20, 2027
K••• H•••••••• I••. Utilities: Electric	revolver first lien	$263,000	$246,000 97c	SOFR+525 bp	Aug 1, 2031
P•• G•••• Capital Equipment	delayed draw term loan first lien	$219,000	$232,000 81c	//www.baincapital.com/20260630#Sterling Overnight Index Average+550 bp	Feb 28, 2031
W••••••••• S••••••s: Business	delayed draw term loan first lien	$213,000	$229,000 100c	SOFR+625 bp	Dec 18, 2030
A•••• S••••••s: Business	revolver first lien	$226,000	$218,000 103c	SOFR+500 bp	Dec 30, 2031
H•••• Consumer Goods: Non-Durable	term loan first lien	$220,000	$217,000 99c	SOFR+525 bp	Oct 25, 2029
R••••• O••••••••• (Collage Rehabilitation) H••••••••• & Pharmaceuticals	revolver first lien	$210,000	$210,000 104c	SOFR+500 bp	Feb 28, 2031
M••••• C••••••••• S••••••s: Consumer	revolver first lien	$217,000	$208,000 97c	SOFR+850 bp	Jun 21, 2029
H•••• U• T••••••••• I••. A•••••••• & Defense	term loan first lien	$202,000	$202,000 100c	SOFR+525 bp	Jul 23, 2030
E••••• G•••• S••••••s: Business	revolver first lien	$208,000	$201,000 101c	Prime+450 bp	Apr 9, 2030
U•••••• High Tech Industries	term loan first lien	$192,000	$192,000 101c	SOFR+593 bp	May 14, 2029
E••••••••• P••••••• C••• L•• Capital Equipment	revolver first lien	$188,000	$188,000 103c	SOFR+450 bp	Aug 12, 2031
F•••• U••• B•••• I•• Wholesale	delayed draw term loan first lien	$187,000	$187,000 102c	SOFR+500 bp	Aug 1, 2031
E••••• High Tech Industries	preferred equity equity	$109,000	$183,000 168c
I••• L••••••••• I••. Transportation: Cargo	term loan first lien	$181,000	$180,000 101c	SOFR+625 bp	Mar 1, 2029
AP P••••••• Group, LLC Chemicals, P••••••• & Rubber	delayed draw term loan first lien	$174,000	$174,000 100c	SOFR+485 bp	Aug 10, 2030
P••••••••• M•••••• C••• L•• H••••••••• & Pharmaceuticals	term loan first lien	$176,000	$174,000 100c	SOFR+475 bp	Jul 1, 2032
O•• B•••• L•••••• Media: Advertising, Printing & Publishing	term loan first lien	$139,000	$172,000 104c	//www.baincapital.com/20260630#Sterling Overnight Index Average+650 bp	Jun 29, 2029
B•••• B•••• S••••••s: Business	term loan first lien	$138,000	$166,000 87c	SOFR+198 bp PIK 6.12%	Jul 10, 2028
A••••••••• High Tech Industries	equity equity	$8.3M	$166,000 3c
E•• A••••••••• I••. Capital Equipment	revolver first lien	$165,000	$163,000 100c	Prime+425 bp	Dec 19, 2031
O•••• S••••••s: Business	term loan first lien	$123,000	$163,000 96c	//www.baincapital.com/20260630#Sterling Overnight Index Average+500 bp	May 8, 2028
M••••• C••••••••• S••••••s: Consumer	delayed draw term loan first lien	$180,000	$162,000 91c	SOFR+850 bp	Jun 21, 2029
H••• I••••••••• S••••••s: Business	term loan first lien	$163,000	$161,000 99c	SOFR+475 bp	Feb 2, 2033
G••• B••••• I••. Construction & Building	term loan first lien	$158,000	$158,000 101c	SOFR+475 bp	Jul 2, 2031
P••••••••• P•• I••••••••• I• L•• Chemicals, P••••••• & Rubber	revolver first lien	$171,000	$158,000 98c	SOFR+700 bp	Feb 7, 2030
F•••• F•••••• S•••••	warrants equity	$2,000	$155,000
M••••• 5••• G••• H••••••••• & Pharmaceuticals	term loan first lien	$137,000	$152,000 102c	//www.baincapital.com/20260630#Euro Interbank Offered Rate+400 bp PIK 2.75%	May 28, 2028
K••••• L•• Consumer Goods: Non-Durable	revolver first lien	$168,000	$151,000 99c	SOFR+600 bp	Apr 14, 2031
O•• A••••••••• L•• Media: Diversified & Production	delayed draw term loan first lien	$199,000	$150,000 76c	SOFR+475 bp	Apr 17, 2032
i•••••••• S••••••s: Business	term loan first lien	$128,000	$146,000 106c	11.83% PIK 9.75%	Jul 13, 2028
A•• A••••••• G•••• S••••••• A••••••••• L•• Construction & Building	term loan first lien	$145,000	$144,000 99c	SOFR+550 bp	Jul 24, 2031
P••• S••••••s: Business	term loan first lien	$142,000	$138,000 98c	SOFR+550 bp	Dec 20, 2030
B•• E•• I••••••••• 1• L•• A•••••••• & Defense	equity equity	$130,000	$130,000 100c
M•••••• C••••••••• H•••••••• L•• S••••••s: Business	revolver first lien	$133,000	$127,000 98c	SOFR+500 bp	Mar 17, 2032
A••••• High Tech Industries	term loan first lien	$80,000	$106,000 107c	//www.baincapital.com/20260630#Sterling Overnight Index Average+525 bp	Jun 28, 2029
C••• S••••••s: Business	delayed draw term loan first lien	$106,000	$106,000 97c	SOFR+300 bp PIK 4.12%	May 21, 2031
S•••••• M••••• Construction & Building	term loan first lien	$130,000	$104,000 82c	SOFR+601 bp PIK 1.00%	Dec 31, 2029
V Global Holdings LLC Chemicals, P••••••• & Rubber	term loan first lien	$98,000	$104,000 101c	//www.baincapital.com/20260630#Euro Interbank Offered Rate+575 bp	Dec 22, 2027
C•••• Automotive	term loan first lien	$98,000	$98,000 101c	SOFR+525 bp	May 30, 2028
U•••••• High Tech Industries	term loan first lien	$94,000	$94,000 101c	SOFR+593 bp	May 14, 2029
F•••• I•••••••• M••••••• A••••••••• I••.	term loan first lien	$94,000	$94,000 100c	SOFR+490 bp	Dec 20, 2027
T•• S•••• B•••• P•• L•• Media: Advertising, Printing & Publishing	delayed draw term loan first lien	$70,000	$92,000 103c	//www.baincapital.com/20260630#Sterling Overnight Index Average+578 bp	Apr 28, 2028
R••••••• Environmental Industries	term loan first lien	$68,000	$90,000 108c	//www.baincapital.com/20260630#Sterling Overnight Index Average+650 bp	Jul 12, 2029
W••••••••• S••••••s: Business	delayed draw term loan first lien	$87,000	$87,000 100c	SOFR+650 bp	Dec 18, 2030
U•••••• High Tech Industries	term loan first lien	$67,000	$77,000 107c	//www.baincapital.com/20260630#Euro Interbank Offered Rate+575 bp	May 14, 2029
G•• H•••••••• L•• A•••••••• & Defense	term loan first lien	$78,000	$74,000 95c	SOFR+228 bp PIK 3.62%	Nov 6, 2026
T•• S•••• B•••• P•• L•• Media: Advertising, Printing & Publishing	delayed draw term loan first lien	$106,000	$73,000 100c	SOFR+586 bp	Apr 28, 2028
D•••• P••••••• S••••••s: Business	term loan first lien	$70,000	$69,000 99c	SOFR+765 bp	Jun 1, 2028
WSP Wholesale	revolver first lien	$69,000	$69,000	12.00% PIK 12.00%	Apr 27, 2028

Page 4 of 7Previous Next

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