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.
BDC portfolio
Nuveen Churchill Direct Lending Corp.
Fair value
$1.9B
as of Jun 30, 2026
Principal held
$2.1B
debt pieces, the filer's figure
Cost
$2.0B
97c on cost
Unfunded
$137M
commitments not yet drawn
Positions
697
291 borrowers
First lien
89%
97% debt by fair value
Quarters on the tape
15
since Dec 31, 2022
Facilities held
477
47 sponsors financed
Portfolio through time
Fair value by quarter end$1.9B as of Jun 30, 2026
Dec 31, 2022$1.2B then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $1.9B | 291 | 97c | 78 | 498 bp |
| Mar 31, 2026 | $2.0B | 283 | 98c | 83 | 501 bp |
| Dec 31, 2025 | $2.0B | 291 | 98c | 64 | 499 bp |
| Sep 30, 2025 | $2.0B | 260 | 98c | 52 | 511 bp |
| Jun 30, 2025 | $2.0B | 253 | 99c | 54 | 514 bp |
| Mar 31, 2025 | $2.1B | 247 | 99c | 54 | 519 bp |
| Dec 31, 2024 | $4.2B | 293 | 99c | 99 | 520 bp |
| Sep 30, 2024 | $2.1B | 204 | 98c | 49 | 543 bp |
| Jun 30, 2024 | $2.1B | 229 | 98c | 47 | 545 bp |
| Mar 31, 2024 | $1.8B | 223 | 99c | 52 | 562 bp |
| Dec 31, 2023 | $1.9B | 297 | 98c | 59 | 579 bp |
| Sep 30, 2023 | $1.5B | 199 | 98c | 34 | 575 bp |
| Jun 30, 2023 | $1.4B | 182 | 97c | 29 | 567 bp |
| Mar 31, 2023 | $1.3B | 167 | 97c | 25 | 562 bp |
| Dec 31, 2022 | $1.2B | 218 | 97c | 23 | 558 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
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
Largest facilities held, with co-lenders
- RA Parent Holdings LP first lien term loan1 BDC hold it · matures Mar 1, 2029$27.5M 100c
- good2grow LLC first lien term loan2 BDCs hold it · matures Dec 1, 2027 · Wind Point Partners$26.8M 100c
- Ivex Holdco Inc first lien term loan3 BDCs hold it · matures Dec 17, 2027$24.3M 100c
- GHR Healthcare, LLC first lien term loan1 BDC hold it · matures Dec 9, 2027 · Midocean US Advisor, L.P.$22.7M 94c
- Matador US Buyer, LLC first lien term loan2 BDCs hold it · matures Jun 25, 2030$22.0M 101c
- Kenco PPC Buyer LLC first lien term loan6 BDCs hold it · matures Nov 15, 2029$21.5M 100c
- Element 78 Partners, LLC first lien delayed draw term loan2 BDCs hold it · matures Dec 1, 2027$20.8M 100c
- WCHG Buyer, Inc first lien term loan6 BDCs hold it · matures Apr 10, 2031$20.1M 100c
- Orion Group FM Holdings, LLC first lien delayed draw term loan2 BDCs hold it · matures Jul 3, 2029$19.8M 100c
- FirstCall Mechanical Group, LLC first lien delayed draw term loan3 BDCs hold it · matures Jun 27, 2031 · Skyknight Capital, L.P.$19.7M 98c
- Sara Lee Frozen Bakery, LLC first lien term loan5 BDCs hold it · matures Jul 30, 2027 · Kohlberg & Company$19.7M 97c
- Commercial Bakeries Corp first lien term loan2 BDCs hold it · matures Sep 25, 2029$18.8M 101c
Schedule of investments at Jun 30, 2026
697 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| Matador US Buyer, LLC (Insulation Technology Group) | term loan first lien | $22.0M | $22.0M 101c | S+500 bp | Jun 25, 2030 |
| Kenco PPC Buyer LLC | term loan first lien | $21.5M | $21.5M 100c | S+425 bp | Nov 15, 2029 |
| WCHG Buyer, Inc. (Handgards, LLC) | term loan first lien | $20.1M | $19.9M 100c | S+475 bp | Apr 10, 2031 |
| RA Parent Holdings LP (S&S Truck Parts) | term loan first lien | $19.7M | $19.7M 100c | S+475 bp | Mar 1, 2029 |
| FirstCall Mechanical Group, LLC | delayed draw term loan first lien | $19.7M | $19.4M 98c | S+475 bp | Jun 27, 2031 |
| Sapphire Telecom, Inc. | term loan first lien | $18.7M | $18.7M 101c | S+500 bp | Jun 27, 2029 |
| Mobile Communications America, Inc. | term loan first lien | $18.0M | $17.9M 100c | S+475 bp | Oct 16, 2029 |
| Alta Buyer, LLC | term loan first lien | $17.5M | $17.5M 101c | S+450 bp | Feb 18, 2033 |
| Gannett Fleming, Inc. | term loan first lien | $17.6M | $17.5M 100c | S+450 bp | Aug 5, 2030 |
| Legacy Service Partners, LLC | term loan first lien | $17.5M | $17.4M 100c | S+450 bp | Nov 10, 2031 |
| Commercial Bakeries Corp. | term loan first lien | $16.8M | $16.8M 101c | S+525 bp | Sep 25, 2029 |
| ACP Maverick Holdings, Inc. | term loan first lien | $16.2M | $16.1M 101c | S+475 bp | Mar 18, 2031 |
| Royal Holdco Corporation (RMA Companies) | term loan first lien | $16.3M | $16.0M 99c | S+450 bp | Dec 30, 2030 |
| YI, LLC (Young Innovations) | term loan first lien | $16.1M | $15.9M 99c | S+575 bp | Dec 3, 2029 |
| VMG Holdings LLC (VMG Health) | term loan first lien | $15.7M | $15.5M 100c | S+500 bp | Apr 16, 2030 |
| AB Centers Acquisition Corporation (Action Behavior Centers) | term loan first lien | $15.4M | $15.2M 99c | S+525 bp | Jul 2, 2031 |
| Tidi Legacy Products, Inc. | term loan first lien | $15.1M | $15.1M 100c | S+450 bp | Dec 19, 2029 |
| SCIC Buyer, Inc. | term loan first lien | $14.6M | $14.8M 102c | S+475 bp | Mar 28, 2031 |
| World Insurance Associates, LLC | term loan first lien | $14.5M | $14.4M 99c | S+500 bp | Apr 3, 2030 |
| good2grow LLC | term loan first lien | $14.1M | $14.0M 100c | S+475 bp | Dec 1, 2027 |
| Redwood Services Group, LLC (Evergreen Services Group) | term loan first lien | $14.0M | $14.0M 101c | S+525 bp | Jun 15, 2029 |
| Java Buyer, Inc. | term loan first lien | $13.9M | $13.8M 99c | S+450 bp | Dec 15, 2030 |
| Vessco Midco Holdings, LLC | term loan first lien | $13.7M | $13.5M 99c | S+450 bp | Jul 24, 2031 |
| Bullhorn, Inc. | term loan first lien | $13.7M | $13.4M 98c | S+500 bp | Oct 1, 2029 |
| B2B Industrial Products, LLC (AMW Acquisition Company, Inc.) | term loan first lien | $14.1M | $13.3M 95c | S+675 bp | Oct 7, 2026 |
| Coding Solutions Acquisition, Inc. | term loan first lien | $13.4M | $13.3M 99c | S+500 bp | Aug 7, 2031 |
| Palmetto Acquisitionco, Inc. (Tech24) | term loan first lien | $13.0M | $12.6M 98c | S+575 bp | Sep 18, 2029 |
| Impact Advisors, LLC | term loan first lien | $12.7M | $12.5M 100c | S+450 bp | Mar 19, 2032 |
| Olympus US Bidco LLC (Phaidon International) | term loan first lien | $12.9M | $12.4M 96c | S+550 bp | Aug 22, 2029 |
| MPG Parent Holdings, LLC (Market Performance Group) | term loan first lien | $12.3M | $12.4M 101c | S+500 bp | Jan 8, 2030 |
| Ascend Partner Services LLC | delayed draw term loan first lien | $12.6M | $12.1M 97c | S+450 bp | Aug 11, 2031 |
| KRIV Acquisition, Inc. (Riveron) | term loan first lien | $12.1M | $12.0M 101c | S+475 bp | Jul 31, 2031 |
| Renaissance Buyer, LLC (LMI Consulting, LLC) | term loan first lien | $11.9M | $11.9M 100c | S+475 bp | Jul 18, 2028 |
| SI Solutions, LLC | term loan first lien | $11.7M | $11.7M 101c | S+475 bp | Aug 15, 2030 |
| Eliassen Group, LLC | term loan first lien | $11.8M | $11.5M 98c | S+575 bp | Apr 14, 2028 |
| INS Intermediate II, LLC (Ergotech DBA Industrial Networking Solutions) | term loan first lien | $11.4M | $11.3M 99c | S+550 bp | Jan 19, 2029 |
| MEI Buyer LLC | term loan first lien | $11.1M | $11.1M 101c | S+425 bp | Jun 29, 2029 |
| Heartland Veterinary Partners LLC | delayed draw term loan unsecured or subordinated | $11.1M | $11.0M 99c | 7.50% PIK 7.00% | Sep 10, 2028 |
| Randys Holdings, Inc. (Randy's Worldwide Automotive) | term loan first lien | $10.9M | $10.7M 99c | S+500 bp | Nov 1, 2029 |
| Swoop Intermediate III, Inc. | term loan first lien | $10.3M | $10.4M 101c | S+450 bp | Apr 12, 2032 |
| Healthspan Buyer, LLC (Thorne HealthTech) | term loan first lien | $10.4M | $10.3M 100c | S+475 bp | Oct 16, 2030 |
| CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) | term loan first lien | $10.3M | $10.3M 100c | S+475 bp | Aug 27, 2031 |
| EVDR Purchaser, Inc. (Alternative Logistics Technologies Buyer, LLC) | term loan first lien | $10.4M | $10.2M 99c | S+450 bp | Feb 14, 2031 |
| Transit Buyer, LLC (Propark Mobility) | delayed draw term loan first lien | $10.0M | $10.0M 100c | S+450 bp | Jan 31, 2029 |
| Excel Fitness Consolidator LLC | term loan first lien | $10.2M | $10.0M 99c | S+475 bp | Apr 29, 2030 |
| Ivex Holdco Inc. (Specialized Packaging Group) | term loan first lien | $10.0M | $10.0M 100c | S+550 bp | Dec 17, 2027 |
| Sara Lee Frozen Bakery, LLC (f/k/a KSLB Holdings, LLC) | term loan first lien | $10.3M | $10.0M 97c | S+500 bp | Jul 30, 2027 |
| MBS Holdings, Inc. | term loan first lien | $9.8M | $9.8M 100c | S+500 bp | Apr 16, 2027 |
| FirstCall Mechanical Group, LLC | term loan first lien | $9.8M | $9.6M 99c | S+475 bp | Jun 27, 2031 |
| XpressMyself.com LLC (SmartSign) | term loan first lien | $9.6M | $9.6M 100c | S+550 bp | Sep 7, 2028 |
| Empower Brands Franchising, LLC (f/k/a Lynx Franchising LLC) | term loan first lien | $9.6M | $9.5M 100c | S+575 bp | Dec 23, 2026 |
| Tinuiti Inc. | delayed draw term loan first lien | $10.0M | $9.5M 95c | S+263 bp PIK 3.13% | Dec 11, 2028 |
| ADPD Holdings LLC (NearU) | term loan first lien | $10.2M | $9.4M 93c | S+100 bp PIK 5.00% | Aug 16, 2028 |
| Boardwalk Buyer LLC (Death Wish Coffee) | term loan first lien | $9.6M | $9.4M 99c | S+475 bp | Sep 28, 2028 |
| Gabriel Partners, LLC | term loan first lien | $9.4M | $9.4M 100c | S+625 bp | May 17, 2027 |
| Exterro, Inc. | term loan first lien | $9.4M | $9.3M 99c | S+575 bp | Jun 1, 2027 |
| KENG Acquisition, Inc. (Engage PEO) | term loan first lien | $9.4M | $9.3M 99c | S+450 bp | Aug 1, 2029 |
| Rhino Intermediate Holding Company, LLC (Rhino Tool House) | term loan first lien | $9.4M | $9.2M 99c | S+525 bp | Apr 4, 2029 |
| Sara Lee Frozen Bakery, LLC (f/k/a KSLB Holdings, LLC) | term loan first lien | $9.4M | $9.1M 97c | S+500 bp | Jul 30, 2027 |
| KENG Acquisition, Inc. (Engage PEO) | delayed draw term loan first lien | $9.2M | $9.0M 98c | S+450 bp | Aug 1, 2029 |
| TBRS, Inc. | term loan first lien | $9.1M | $8.9M 99c | S+475 bp | Nov 24, 2031 |
| Tau Buyer, LLC | term loan first lien | $10.0M | $8.9M 90c | S+250 bp PIK 2.50% | Feb 2, 2032 |
| Bardstown PPC Buyer LLC (Bardstown Bourbon Company) | subordinated debt unsecured or subordinated | $9.3M | $8.8M 96c | S+775 bp | Aug 28, 2030 |
| Midwest Eye Services, LLC | term loan first lien | $8.8M | $8.8M 100c | S+450 bp | Aug 20, 2027 |
| Big Apple Advisory, LLC | term loan first lien | $8.8M | $8.8M 100c | S+450 bp | Nov 18, 2031 |
| NFM & J, L.P. (The Facilities Group) | term loan first lien | $8.8M | $8.7M 99c | S+575 bp | Nov 30, 2028 |
| good2grow LLC | term loan first lien | $8.7M | $8.7M 100c | S+450 bp | Dec 1, 2027 |
| Arctiq, Inc. | term loan first lien | $8.7M | $8.6M 100c | S+475 bp | Feb 3, 2032 |
| Sandlot Buyer, LLC | term loan first lien | $9.0M | $8.6M 96c | S+625 bp | Sep 19, 2028 |
| Cohen Advisory, LLC | term loan first lien | $8.4M | $8.4M 101c | S+425 bp | Dec 31, 2031 |
| Bluebird PM Buyer, Inc. | term loan first lien | $8.3M | $8.3M 101c | S+475 bp | Feb 3, 2032 |
| Orion Group FM Holdings, LLC (Leo Facilities) | term loan first lien | $8.3M | $8.3M 101c | S+475 bp | Jul 3, 2029 |
| Health Management Associates, Inc. | term loan first lien | $8.2M | $8.2M 101c | S+625 bp | Mar 30, 2029 |
| Heartland Paving Partners, LLC | term loan first lien | $8.4M | $8.1M 97c | S+500 bp | Aug 9, 2030 |
| Promptcare Infusion Buyer, Inc. | term loan first lien | $8.0M | $8.0M 100c | S+600 bp | Sep 1, 2027 |
| Victors CCC Buyer LLC (CrossCountry Consulting) | term loan first lien | $8.0M | $8.0M 101c | S+450 bp | Jun 1, 2029 |
| FSK Pallet Holding Corp. (Kamps Pallets) | term loan first lien | $8.0M | $7.9M 99c | S+625 bp | Dec 23, 2026 |
| Ovation Holdings, Inc. | term loan first lien | $7.8M | $7.8M 101c | S+475 bp | Feb 4, 2030 |
| Smile Brands Inc. | subordinated debt unsecured or subordinated | $13.0M | $7.8M 96c | S+850 bp PIK 12.29% | Jan 12, 2030 |
| Ovation Holdings, Inc. | delayed draw term loan first lien | $7.8M | $7.8M 100c | S+475 bp | Feb 4, 2030 |
| USA Water Intermediate Holdings, LLC | term loan first lien | $7.7M | $7.7M 100c | S+450 bp | Feb 21, 2031 |
| QHR Health, LLC | term loan first lien | $7.5M | $7.5M 100c | S+525 bp | May 28, 2027 |
| Razor Light, Inc. | term loan first lien | $7.4M | $7.4M 100c | S+475 bp | Feb 6, 2032 |
| GHR Healthcare, LLC | term loan first lien | $7.9M | $7.4M 94c | S+525 bp | Dec 9, 2027 |
| CLS Management Services, LLC (Contract Land Staff) | term loan first lien | $7.4M | $7.4M 100c | S+500 bp | Mar 27, 2030 |
| Sandlot Buyer, LLC | term loan first lien | $7.7M | $7.3M 97c | S+625 bp | Sep 19, 2028 |
| Olympic Buyer, Inc. (Ascensus) | term loan first lien | $9.5M | $7.3M 78c | S+425 bp | Jun 30, 2030 |
| Real Chemistry Intermediate III, Inc. | term loan first lien | $7.4M | $7.3M 99c | S+450 bp | Apr 12, 2032 |
| DH United Holdings, LLC (D&H United Fueling Solutions) | term loan first lien | $7.3M | $7.2M 100c | S+500 bp | Sep 15, 2028 |
| Eyesouth Eye Care Holdco LLC | term loan first lien | $7.3M | $7.2M 99c | S+575 bp | Oct 5, 2029 |
| Wellspring Pharmaceutical Corporation | term loan first lien | $7.2M | $7.2M 100c | S+450 bp | Aug 22, 2028 |
| Ascend Partner Services LLC | term loan first lien | $7.2M | $7.0M 97c | S+450 bp | Aug 11, 2031 |
| LRN Corporation (Lion Merger Sub, Inc.) | term loan first lien | $7.0M | $7.0M 100c | S+525 bp | Dec 17, 2027 |
| Perennial Services Group, LLC | term loan first lien | $7.2M | $6.9M 96c | S+450 bp | Dec 23, 2032 |
| Illumifin Corporation (Long Term Care Group) | term loan first lien | $7.2M | $6.9M 96c | S+600 bp | Sep 8, 2027 |
| Jetson Buyer, Inc. (E-Technologies Group, Inc.) | term loan first lien | $7.2M | $6.9M 97c | S+550 bp | Apr 9, 2030 |
| Performance Packaging Buyer, LLC | term loan first lien | $6.9M | $6.9M 100c | S+450 bp | Apr 15, 2031 |
| Patriot Growth Insurance Services, LLC | delayed draw term loan first lien | $7.0M | $6.8M 98c | S+500 bp | Oct 16, 2028 |
| Refresh Buyer, LLC (Sunny Sky Products) | term loan first lien | $6.9M | $6.8M 99c | S+475 bp | Dec 23, 2028 |
| Ivex Holdco Inc. (Specialized Packaging Group) | term loan first lien | $6.7M | $6.7M 100c | S+550 bp | Dec 17, 2027 |
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Registration
- Fiscal year end
- 1231reported
- Incorporated
- MDreported
- On the SEC BDC report
- 2020 to 2026reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Former names
- Nuveen Churchill BDC INC.; Nuveen Churchill BDC LLCreported
- Latest schedule
- 0001737924-26-000084reported