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.

H•••••• P••• C•••••••• I•••••• I•••

Business development companymanaged by O•• A••••••Non-traded· CHICAGO, IL

A non-traded business development company, managed by O•• A••••••, holding $19.9M across 26 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: $19.9M
Borrowers: 26
Mark on cost: 66.5¢
First lien: 55%

Schedule of investments (48)Quarter by quarter Sponsors

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

What matters now

73.8¢ → 66.5¢
book mark on cost
Marked its book down from 73.8¢ to 66.5¢ on the dollar in the quarter to Jun 30, 2026.
Q2 2026 · The whole portfolio was marked down; net asset value follows.
Derivedthe schedule's fair value over cost, quarter on quarterQuarter by quarter →
13 below 80¢
$20.8M principal
13 positions across 11 borrowers marked below 80¢ on cost, $20.8M principal.
Q2 2026 · Marks this low usually come before non-accrual or a restructuring.
Derivedeach position's fair value over cost, 30 Jun 2026
$33.9M → $19.9M
fair value, 4 quarters
Its portfolio shrank 41% at fair value over the last four quarters.
Q2 2026 · The book is shrinking.
Factthe schedule's fair value, a year apartQuarter by quarter →
32 → 26
borrowers
Lost a net 6 borrowers in the quarter to Jun 30, 2026, to 26.
Q2 2026 · The book is turning over faster than usual.
Factthe schedule's borrowers, quarter on quarterSchedule of investments →

Every headline figure, and the identifiersCIK 1661306 · file 814-01185Show

Fair value

$19.9M

as of Jun 30, 2026

Principal held

$33.3M

debt pieces, the filer's figure

Cost

$29.0M

66c on cost, debt pieces

Unfunded

$745,451

commitments not yet drawn

Positions

26 borrowers

First lien

55%

96% debt by fair value

Quarters on the tape

since Dec 31, 2022

Facilities held

1 sponsors financed

Portfolio through time

Fair value by quarter end$19.9M as of Jun 30, 2026

Dec 31, 2022$95.2M then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2026	$19.9M	26	66c	5	665 bp
Mar 31, 2026	$24.8M	32	74c	8	636 bp
Dec 31, 2025	$82.9M	34	82c	19	633 bp
Sep 30, 2025	$30.7M	33	86c	7	631 bp

All 15 quarters

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2025	$33.9M	34	88c	6	639 bp
Mar 31, 2025	$35.8M	35	89c	8	634 bp
Dec 31, 2024	$76.3M	36	91c	18	638 bp
Sep 30, 2024	$38.2M	37	90c	7	638 bp
Jun 30, 2024	$39.1M	34	92c	7	658 bp
Mar 31, 2024	$40.5M	37	91c	6	668 bp
Dec 31, 2023	$52.6M	40	91c	10	677 bp
Sep 30, 2023	$45.9M	40	93c	7	698 bp
Jun 30, 2023	$49.8M	41	93c	3	704 bp
Mar 31, 2023	$52.5M	44	93c	4	703 bp
Dec 31, 2022	$95.2M	47	96c	6	698 bp

Sponsors financed

No borrower on this schedule has a sponsor attribution yet.

What changed

Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked

Full timeline · 20 events

Spread increasedJun 30, 2026
••• Locked
PIK interest appearsJun 30, 2026
••• Locked
Maturity extended (observed)Jun 30, 2026
••• Locked
Maturity extended (observed)Jun 30, 2026
••• Locked
Maturity extended (observed)Jun 30, 2026
••• Locked
Maturity extended (observed)Jun 30, 2026
••• Locked
Lender left a facilityMar 31, 2026
••• Locked
Lender left a facilityMar 31, 2026
••• Locked
Lender left a facilityMar 31, 2026
••• Locked
New borrower on a BDC scheduleMar 31, 2026
••• Locked
Lender left a facilityMar 31, 2026
••• Locked
Marked down (one lender)Mar 31, 2026
••• Locked
Marked down (one lender)Mar 31, 2026
••• Locked
Marked down (one lender)Mar 31, 2026
••• Locked
Marked down (one lender)Mar 31, 2026
••• Locked

Every position change, including routine ones

Largest facilities held, with co-lenders

A••• C••••• C•• 2••• L•• unsecured or subordinated notes
1 BDC hold it · matures Apr 20, 2035
$3.6M 38c
A••• C••••• C•• 2••••• L•• unsecured or subordinated notes
1 BDC hold it · matures Oct 22, 2038
$3.0M 49c
E•••••••• C•• 2•••••• L•• unsecured or subordinated notes
1 BDC hold it · matures Jan 20, 2038
$2.9M 48c
E•••••• H••• H•••••• L•• second lien term loan
1 BDC hold it · matures Oct 1, 2026
$1.8M 29c
D••• a•• E••••• I•• H••••••• G•••••• G•••• other
1 BDC hold it · matures Aug 1, 2029
$1.8M 66c
I•••••• H•••••••• L•• first lien term loan
2 BDCs hold it · matures Sep 30, 2027
$1.7M 100c
B•••••• H••••• S•••••••• I•• second lien term loan
2 BDCs hold it · matures Jun 11, 2028
$1.7M 1c
T••••••• L•••••• P••••••••• second lien term loan
3 BDCs hold it · matures Nov 2, 2028
$1.5M 95c
A••• C••••• C•• 2••• L•• unsecured or subordinated notes
1 BDC hold it · matures Jul 18, 2034
$1.5M 23c
S• A••••••••• L•• first lien term loan
3 BDCs hold it · matures Dec 20, 2029
$1.3M 101c
O•• G• L•• first lien term loan
4 BDCs hold it · matures Aug 31, 2026
$1.3M 83c
C••••••••• B••••• L•• first lien term loan
1 BDC hold it · matures Dec 30, 2027
$1.3M 96c

Schedule of investments at Mar 31, 2023

64 positions

Borrower	Instrument	Principal	Fair value	Rate
A•• S••• A••• L•••••• I•••	term loan first lien	$5.2M	$5.2M 101c	S+725 bp
M•••••• C••••••••• L••	term loan first lien	$3.8M	$3.8M 98c	S+650 bp
A••• C••••• C•• 2••• L••• Structured finance (CLO)	notes unsecured or subordinated	$3.6M	$2.5M 74c	20.28%
C••••••••• T••••••••• H•••••••• L••	term loan first lien	$2.1M	$2.0M 101c	S+675 bp
T••••• F•••• M••••• • C••••••• M••••••	term loan first lien	$2.0M	$1.9M 99c	S+675 bp
T••••• I•••	term loan first lien	$1.7M	$1.7M 101c	S+850 bp
A••••••• L••	term loan first lien	$2.0M	$1.7M 99c	S+525 bp
A••••••• H••••••• L••	term loan first lien	$1.6M	$1.6M 101c	S+725 bp
S•• O••••••••• I•••	term loan first lien	$1.6M	$1.6M 100c	S+800 bp
T••••••• L•••••• P•••••••••	term loan first lien	$1.5M	$1.4M 92c	S+850 bp
A••• C••••• C•• 2•••••• Structured finance (CLO)	notes unsecured or subordinated	$1.9M	$1.4M 90c	16.28%
B•••••• H••••• S•••••••• I•••	term loan first lien	$1.3M	$1.3M 100c	S+850 bp
T•••••• A••••••••• I•••	term loan first lien	$1.3M	$1.3M 97c	S+575 bp
E•••••••• C•• 2•••••• L•• Structured finance (CLO)	notes unsecured or subordinated	$1.8M	$1.2M 84c	15.71%
S••••• E•••••••• G••••• I••• ••••• S•• G•••• H•••••••• I•••• •	term loan first lien	$1.2M	$1.2M 96c	S+825 bp
T•• E••••• G•••• L••	term loan first lien	$1.2M	$1.2M 101c	S+700 bp
A•••• M••••• L••	term loan first lien	$1.2M	$1.1M 98c	S+550 bp
B••• H••• C••• H•••••••• I•••	delayed draw term loan first lien	$1.1M	$1.1M 98c	S+650 bp
E••••••••• C••••••••• I••••••••• I•••	term loan first lien	$1.3M	$1.1M 87c	S+850 bp
A••• C••••• C•• 2••• L•• Structured finance (CLO)	notes unsecured or subordinated	$1.5M	$1.0M 82c	17.59%
R• B••••• I•••	term loan first lien	$1.1M	$1.0M 93c	S+650 bp
I•••••• H•••••••• L••	term loan first lien	$991,189	$991,189 101c	S+700 bp
E•••••• H••• H•••••• L••	term loan first lien	$1.0M	$978,419 99c	S+950 bp PIK 2.25%
I••••	term loan first lien	$1.0M	$948,887 95c	S+675 bp
M••••• C•••••• M•• C•• X• L••• Structured finance (CLO)	subordinated debt unsecured or subordinated	$1.0M	$944,684 100c	S+875 bp
K•• A••••••••• C••••	term loan first lien	$962,500	$936,463 97c	S+625 bp
R•••••••• I•••	term loan first lien	$996,314	$910,605 95c	S+825 bp
H•••• H• B•••• I•••	term loan first lien	$849,876	$850,644 102c	S+575 bp
L••••••	term loan first lien	$1.4M	$800,795 80c	S+475 bp
O•• G• L••	delayed draw term loan first lien	$864,063	$795,226 93c	S+675 bp
E•••••••• C•• 2••••••• L••• Structured finance (CLO)	notes unsecured or subordinated	$1.3M	$767,758 83c	16.67%
R•••••• I• F••••••	subordinated debt unsecured or subordinated	$800,000	$740,358 94c	S+695 bp
B••• N•••• S••• U• H••••• 2• I••• ••••• D•••••• H••••••••	term loan first lien	$833,333	$729,731 89c	S+725 bp
M•••••••••	term loan first lien	$693,000	$653,293 95c	S+625 bp
S• A••••••••• L••	term loan first lien	$625,000	$619,994 100c	S+684 bp
R•• S•••••••	term loan first lien	$1.0M	$582,145 59c	S+775 bp
A•••• O•• A••••••••• C•••••••••	term loan first lien	$1.0M	$513,190 57c	S+850 bp
S•••• E•••••••• H•••••••• L••	term loan first lien	$498,750	$486,634 100c	S+750 bp
A••• I••••••••• 2• L••	term loan first lien	$498,750	$482,541 99c	S+625 bp
O•• G• L••	delayed draw term loan first lien	$455,278	$418,764 94c	S+675 bp
B•••••• H••••• S•••••••• I•••	delayed draw term loan first lien	$357,657	$352,307 100c	S+850 bp
S• A••••••••• L••	delayed draw term loan first lien	$300,000	$303,000 102c	S+759 bp
R•••••••• I•••	delayed draw term loan first lien	$301,435	$275,503 93c	S+825 bp
H•••• H• B•••• I•••	delayed draw term loan first lien	$247,693	$248,715 105c	S+575 bp
R••• H•••••••• L••	equity equity	Not disclosed	$207,026
I•••••• H•••••••• L••	revolver first lien	$156,250	$156,250 103c	S+700 bp
D•• I•••••• S•••••••• L••	equity equity	Not disclosed	$154,737 134c
O•• G• L••	revolver first lien	$166,667	$153,389 93c	S+675 bp
T•• E••••• G•••• L••	revolver first lien	$133,333	$133,333 101c	S+700 bp
B••• H••• C••• H•••••••• I•••	equity equity	Not disclosed	$126,814 98c
M•••••• C••••••••• L••	revolver first lien	$82,696	$78,285 96c	S+650 bp
T•••••• A••••••••• I•••	revolver first lien	$37,500	$30,882 84c	S+575 bp
C•• o•••• Structured finance (CLO)	unstated lien unstated	Not disclosed	$25,486 136c	16.67%
B••• H••• C••• H•••••••• I•••	preferred equity equity	Not disclosed	$17,232 100c	PIK 2.00%
C••••••••• H•••••••• L••	equity equity	Not disclosed	$2,663 6c
R•••••••• I•••	warrants equity	Not disclosed	$44 0c
H•••• H• B•••• I•••	revolver first lien	$0	$0 0c	S+575 bp
E••••• H•••••••• I•••	equity equity	Not disclosed	$0 0c
E••••• H•••••••• I•••	term loan unsecured or subordinated	$268,917	$0 0c	PIK 13.00%
E••••• H•••••••• I•••	term loan unsecured or subordinated	$268,917	$0 0c	PIK 13.00%
B••• H••• C••• H•••••••• I•••	revolver first lien	$0	-$4,235 420c	S+650 bp
M•••••••••	delayed draw term loan first lien	$0	-$17,189 1016c	S+625 bp
S• A••••••••• L••	delayed draw term loan first lien	Not disclosed	Not disclosed
S• A••••••••• L••	unstated lien unstated	Not disclosed	Not disclosed

Page 1 of 1

Registration

Fiscal year end: 1231reported
Incorporated: MDreported
On the SEC BDC report: 2018 to 2026reported
Filings listed: 19reported10-Q and 10-K since 2022
Latest schedule: 0001661306-26-000068reported