DFX Intelligence
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B• P••••••• L•••••• C•••
A non-traded business development company, managed by B• P••••••• A••••••• L•••, holding $202M across 60 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
- $202M
- Borrowers
- 60
- Mark on cost
- 93.8¢
- First lien
- 94%
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
- 18 below 80¢$22.7M principal
18 positions across 9 borrowers marked below 80¢ on cost, $22.7M 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 1726548 · file 814-01269ShowHide
Fair value
$202M
as of Jun 30, 2026
Principal held
$214M
debt pieces, the filer's figure
Cost
$214M
94c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
Positions
153
60 borrowers
First lien
94%
100% debt by fair value
Quarters on the tape
15
since Dec 31, 2022
Facilities held
60
6 sponsors financed
Portfolio through time
Fair value by quarter end$202M as of Jun 30, 2026
Dec 31, 2022$303M then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $202M | 60 | 94c | 1 | 610 bp |
| Mar 31, 2026 | $199M | 61 | 94c | 1 | 610 bp |
| Dec 31, 2025 | $370M | 56 | 95c | 8 | 613 bp |
| Sep 30, 2025 | $198M | 65 | 97c | 0 | 635 bp |
All 15 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2025 | $180M | 55 | 97c | 0 | 623 bp |
| Mar 31, 2025 | $404M | 48 | 95c | 0 | 639 bp |
| Dec 31, 2024 | $653M | 49 | 96c | 0 | 635 bp |
| Sep 30, 2024 | $399M | 48 | 97c | 0 | 652 bp |
| Jun 30, 2024 | $397M | 46 | 97c | 0 | 658 bp |
| Mar 31, 2024 | $402M | 46 | 98c | 0 | 657 bp |
| Dec 31, 2023 | $408M | 47 | 98c | 0 | 659 bp |
| Sep 30, 2023 | $385M | 47 | 97c | 0 | 654 bp |
| Jun 30, 2023 | $385M | 49 | 95c | 0 | 641 bp |
| Mar 31, 2023 | $330,708 | 48 | 94c | 3 | 605 bp |
| Dec 31, 2022 | $303M | 39 | 93c | 3 | 592 bp |
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
Full timeline · 20 eventsShow fewer
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Returned to accrualJun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- New borrower on a BDC scheduleMar 31, 2026
- Lender left a facilityMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
Largest facilities held, with co-lenders
- R••••••• I•• first lien term loan3 BDCs hold it · matures May 14, 2031$8.0M 101c
- C• F•••• I•• first lien term loan1 BDC hold it · matures Oct 2, 2030$7.1M 93c
- F•••••• F••• P•••••••• L•• first lien term loan3 BDCs hold it · matures Apr 1, 2031$6.2M 106c
- A•••••••• P••••••• L•• first lien term loan10 BDCs hold it · matures Nov 17, 2031$6.0M 100c
- S•••• I••••••••• M••••• G•••• L•• first lien term loan1 BDC hold it · matures Jun 30, 2027$6.0M 100c
- W••••• E••••••••• G••••• L•• first lien term loan15 BDCs hold it · matures Oct 2, 2028 · possible sponsor L•••••••• C•••••• L••$6.0M 100c
- V•••••••• I•• first lien term loan6 BDCs hold it · matures Apr 12, 2032$5.9M 100c
- I••••• S•••••••• I•• first lien term loan3 BDCs hold it · matures Jun 1, 2029$5.4M 28c
- M•••• G••••• C••••••••• first lien term loan2 BDCs hold it · matures Oct 31, 2028$5.3M 101c
- D••••• M•••• 2• L•• first lien term loan23 BDCs hold it · matures Aug 26, 2032$5.2M 100c
- L••••••••• I•• first lien term loan9 BDCs hold it · matures Jun 23, 2032 · possible sponsor W• C•••••• P•••••••$5.1M 99c
- C• B••••• I•• first lien term loan2 BDCs hold it · matures Jul 1, 2031$4.8M 99c
Schedule of investments at Sep 30, 2025
130 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| A•••••••• P••••••• L•• P••••••••• Services | term loan first lien | $83,000 | $82,000 101c | SOFR+500 bp | Nov 15, 2031 |
| I••••••••• i• E••••••••• • 5••••• G•••• L•••• I• F•••••• L•• | unstated lien unstated | $44,000 | $68,000 96c | ||
| S•• D••••••••• L•• I••••••••• | term loan first lien | $619,000 | $35,000 17c | SOFR+710 bp | Oct 3, 2029 |
| P•••••• I••••••• L•• H••••••••• | term loan first lien | $29,000 | $26,000 90c | SOFR+575 bp | Mar 20, 2026 |
| I••••••••• i• E••••••••• • 5••••• M•••• G••••• I•• 1•• W•••• | warrants equity | Not disclosed | $15,000 375c | ||
| I••••••••• i• E••••••••• • 5••••• A•• C•••••• L••••••• A•••• | unstated lien unstated | Not disclosed | $12,000 100c | ||
| I••••••••• i• E••••••••• • 5••••• P•••••••• M••••• P••••••• | warrants equity | Not disclosed | $5,000 | ||
| S••••• R••••••• L•• I•••••••• Services | term loan first lien | Not disclosed | -$1,000 100c | SOFR+600 bp | May 21, 2029 |
| T••••• H•••••••• L•• F••••••••• | term loan first lien | Not disclosed | -$1,000 | SOFR+550 bp | Jan 24, 2030 |
| T••• H•••••• C••• | revolver first lien | Not disclosed | -$3,000 150c | SOFR+575 bp | Mar 31, 2028 |
| S•••• C••••••••• C•••••••• | term loan first lien | Not disclosed | -$3,000 150c | SOFR+550 bp | Jul 26, 2030 |
| A•••••••• P••••••• L•• P••••••••• Services | term loan first lien | Not disclosed | -$3,000 75c | SOFR+500 bp | Nov 15, 2031 |
| P•• P••••• H••••••• L•• F••••••••• | term loan first lien | Not disclosed | -$4,000 133c | SOFR+475 bp | Jan 31, 2031 |
| D••••• I••••••••• H••••••• B••••••• Services | term loan first lien | Not disclosed | -$5,000 100c | SOFR+550 bp | Aug 26, 2032 |
| T••••••• A•• S••••••• I•• I••••••••• | term loan first lien | Not disclosed | -$5,000 | SOFR+850 bp | Dec 22, 2028 |
| L••••••••• I•• S••••••• S••••••• | term loan first lien | Not disclosed | -$6,000 100c | SOFR+525 bp | Jun 23, 2032 |
| M••••• W••• S•••••• L•• C••••••• S•••••• | term loan first lien | Not disclosed | -$9,000 100c | SOFR+625 bp | Apr 23, 2030 |
| P•••••••• M••••• P••••••• L•• P••••••••• Services | term loan first lien | Not disclosed | -$9,000 300c | SOFR+535 bp | May 31, 2029 |
| M••••• I•• B••••••• Services | term loan first lien | Not disclosed | -$19,000 100c | SOFR+400 bp | Sep 30, 2031 |
| M•••• G••••• I•• P••••••••• Services | term loan first lien | Not disclosed | -$24,000 38c | SOFR+800 bp | Oct 31, 2028 |
| P•••••••• M••••• P••••••• L•• P••••••••• Services | term loan first lien | Not disclosed | -$32,000 640c | SOFR+850 bp | May 31, 2029 |
| P••••• D••••••••• L•• H••••••••• | term loan first lien | Not disclosed | -$34,000 340c | SOFR+650 bp | Oct 20, 2029 |
| M••••• I•• B••••••• Services | term loan first lien | Not disclosed | -$60,000 102c | SOFR+400 bp | Sep 30, 2031 |
| S•••• B•••• L•• I••••••••• | term loan first lien | Not disclosed | -$68,000 1133c | SOFR+525 bp | Oct 15, 2031 |
| S••••••• I••••••••• L•• O•• H••••••••• | term loan first lien | Not disclosed | Not disclosed n/a | SOFR+725 bp | Jul 10, 2030 |
| D•••• B••••• I•• I••••••••• T••••••••• | term loan first lien | Not disclosed | Not disclosed n/a | SOFR+575 bp | Jul 30, 2030 |
| S••••••• I••••••••• L•• H••••••••• | term loan first lien | Not disclosed | Not disclosed n/a | SOFR+725 bp | Jul 10, 2030 |
| P•••••••• M••••• P••••••• L•• P••••••••• Services | term loan first lien | $1.4M | Not disclosed n/a | SOFR+850 bp | May 31, 2029 |
| i• D••••••••• | unstated lien unstated | $250,000 | Not disclosed | Nov 30, 2029 | |
| L••••••••• I•• S••••••• S••••••• | term loan first lien | $293,000 | Not disclosed | SOFR+525 bp | Jun 23, 2032 |
Page 2 of 2Previous
Registration
- Fiscal year end
- unknownreported
- Incorporated
- MDreported
- On the SEC BDC report
- 2018 to 2026reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Latest schedule
- 0001193125-26-338533reported