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.

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BDC portfolio

S•• P•••••• C••••• I••••• B•• L••

BDCnon-tradedCIK 1743415file 814-01294NEW YORK, NYmanaged by S•• C•••••• P•••••••• L••

Fair value

$131M

as of Jun 30, 2026

Principal held

$113M

debt pieces, the filer's figure

Cost

$152M

86c on cost

Unfunded

n/a

commitments not yet drawn

Positions

3 borrowers

First lien

n/a

81% debt by fair value

Quarters on the tape

since Dec 31, 2022

Facilities held

0 sponsors financed

Portfolio through time

Fair value by quarter end$131M as of Jun 30, 2026

Dec 31, 2022$2.5B then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2026	$131M	3	94c	1	575 bp
Mar 31, 2026	$179M	3	97c	2	598 bp
Dec 31, 2025	$189M	2	98c	0	607 bp
Sep 30, 2025	$235M	2	99c	0	598 bp
Jun 30, 2025	$243M	4	99c	0	595 bp
Mar 31, 2025	$1.2B	4	100c	0	594 bp
Dec 31, 2024	$1.6B	7	100c	1	588 bp
Sep 30, 2024	$1.1B	5	101c	1	592 bp
Jun 30, 2024	$1.3B	4	101c	0	600 bp
Mar 31, 2024	$1.4B	4	101c	0	595 bp
Dec 31, 2023	$1.8B	10	101c	0	602 bp
Sep 30, 2023	$1.0B	53	100c	0	600 bp
Jun 16, 2023	$14.4M	2	n/a	0	n/a
Dec 31, 2022	$2.5B	59	101c	0	601 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 borrower on a BDC scheduleDec 31, 2024
E••••• I•••••••• first appears in a BDC schedule (1 lender)
Maturity extended (observed)Jun 30, 2024
S•• P•••••• C••••• I••••• B•• L••: maturity extended in a•• D••• (2024-05-16 to 2024-08-16)
New borrower on a BDC scheduleMar 31, 2024
a•• D••• first appears in a BDC schedule (1 lender)
New lender joined a facilityDec 31, 2023
S•• P•••••• C••••• I••••• B•• L•• joins i••••• I•• other (unknown) held by 10 other BDCs
New lender joined a facilityDec 31, 2023
S•• P•••••• C••••• I••••• B•• L•• joins K••••• I•• other (unknown) held by 16 other BDCs
Lender left a facilityDec 31, 2023
S•• P•••••• C••••• I••••• B•• L•• no longer holds K••••• I•• other after 2023-12-31; 3 BDC(s) still hold it
New borrower on a BDC scheduleDec 31, 2023
L••••••••• i• E••••• o• O•••• first appears in a BDC schedule (1 lender)
New borrower on a BDC scheduleDec 31, 2023
V••••••• H•••••••• L•• first appears in a BDC schedule (1 lender)
Lender left a facilityDec 31, 2023
S•• P•••••• C••••• I••••• B•• L•• no longer holds i••••• I•• other after 2023-12-31; 5 BDC(s) still hold it
Lender left a facilitySep 30, 2023
S•• P•••••• C••••• I••••• B•• L•• no longer holds A•••••• B••••••••• I•• term loan after 2023-09-30; 2 BDC(s) still hold it
Lender left a facilitySep 30, 2023
S•• P•••••• C••••• I••••• B•• L•• no longer holds A••• S•••••• P•••••••• L•• term loan after 2023-09-30; 22 BDC(s) still hold it
Lender left a facilitySep 30, 2023
S•• P•••••• C••••• I••••• B•• L•• no longer holds A•••••••• R••• M••••••••• G••••• I•• term loan after 2023-09-30; 2 BDC(s) still hold it
Lender left a facilitySep 30, 2023
S•• P•••••• C••••• I••••• B•• L•• no longer holds W•••• I•••••••• A••••••••• L•• term loan after 2023-09-30; 17 BDC(s) still hold it
Lender left a facilitySep 30, 2023
S•• P•••••• C••••• I••••• B•• L•• no longer holds B•••••• H••••• S•••••••• I•• term loan after 2023-09-30; 2 BDC(s) still hold it
Lender left a facilitySep 30, 2023
S•• P•••••• C••••• I••••• B•• L•• no longer holds R••• C••• term loan after 2023-09-30; 2 BDC(s) still hold it
Lender left a facilitySep 30, 2023
S•• P•••••• C••••• I••••• B•• L•• no longer holds P•••• C• F•• • A••••••••• I•••••••• S•••••••• L•• term loan after 2023-09-30; 2 BDC(s) still hold it
Lender left a facilitySep 30, 2023
S•• P•••••• C••••• I••••• B•• L•• no longer holds M•• S••••••• L•• term loan after 2023-09-30; 30 BDC(s) still hold it
Lender left a facilitySep 30, 2023
S•• P•••••• C••••• I••••• B•• L•• no longer holds P••••••• term loan after 2023-09-30; 2 BDC(s) still hold it
Lender left a facilitySep 30, 2023
S•• P•••••• C••••• I••••• B•• L•• no longer holds B•••••••• P•••••• I•• term loan after 2023-09-30; 1 BDC(s) still hold it
Lender left a facilitySep 30, 2023
S•• P•••••• C••••• I••••• B•• L•• no longer holds R•••••• H••••••• L•• term loan after 2023-09-30; 2 BDC(s) still hold it

Every position change, including routine ones

Largest facilities held, with co-lenders

T• T•••• H•••••••• L•• preferred equity
1 BDC hold it
n/a 81c
E••••• I•••••••• equity
1 BDC hold it
n/a 43c
E••••• I•••••••• warrants
1 BDC hold it
n/a 56c
V••••••• H•••••••• L•• preferred equity
3 BDCs hold it
n/a 102c

Schedule of investments at Jun 30, 2026

19 positions

Borrower	Instrument	Principal	Fair value	Rate	Maturity
Ba•• D•••/Senior Secured Loans — B•••••• H••••• S•••••••• I• H••••• Care Providers & S••••••s	term loan lien unstated	$15.5M	$14.8M 95c	SOFR+500 bp	Jun 30, 2027
Ba•• D•••/Senior Secured Loans — P••••••• M••••••••• L•• Ind H••••• Care Providers & S••••••s	term loan lien unstated	$14.7M	$14.7M 100c	SOFR+500 bp	Aug 31, 2027
Ba•• D•••/Senior Secured Loans — A•••••• B••••••••• I••. Ind P•••••ceuticals	term loan lien unstated	$12.3M	$13.6M 105c	SOFR+595 bp	Aug 31, 2029
Ba•• D•••/Senior Secured Loans — i••••• I••. Industry S••••• S•••••••	term loan lien unstated	$14.6M	$13.4M 93c	SOFR+575 bp	Aug 31, 2028
Ba•• D•••/Senior Secured Loans — R••• C•••. Industry Life Sc Life Sciences Tools & S••••••s	term loan lien unstated	$17.6M	$12.3M 72c	0.00% PIK 7.25%	Aug 31, 2029
Ba•• D•••/Senior Secured Loans — CC SAG Holdings Corp. (Spec Diversified Consumer S••••••s	term loan lien unstated	$12.2M	$12.2M 101c	SOFR+525 bp	Jun 30, 2028
V••••••• H•••••••• L•• (Vapotherm) H••••• Care Equipment & Supplies	preferred equity equity	n/a	$11.7M 102c
/E••••• I••••••••/Warrants - SLR-AMI Topco Blocker, LLC Broadline Retail	equity equity	n/a	$9.8M 43c
Ba•• D•••/Senior Secured Loans — SunMed Group Holdings, LLC H••••• Care Equipment & Supplies	term loan lien unstated	$7.4M	$7.4M 101c	SOFR+550 bp	Jun 30, 2028
Ba•• D•••/Senior Secured Loans — TAUC Management, LLC Indust H••••• Care Providers & S••••••s	term loan lien unstated	$6.3M	$5.4M 86c	SOFR+700 bp	Feb 28, 2027
Ba•• D•••/Senior Secured Loans — Vapotherm, Inc. Industry H• H••••• Care Equipment & Supplies	term loan lien unstated	$4.8M	$5.0M 99c	SOFR+600 bp	Sep 30, 2027
Ba•• D•••/Senior Secured Loans — All State Ag Parts, LLC Ind Trading Companies & Distributors	term loan lien unstated	$4.9M	$4.6M 95c	SOFR+650 bp	Sep 30, 2026
T• T•••• H•••••••• L•• Ground Transportation	preferred equity equity	n/a	$3.5M 81c
Ba•• D•••/Senior Secured Loans — Insight Borrower, LLC Indus Ground Transportation	term loan lien unstated	$2.4M	$2.4M 101c	SOFR+550 bp	Jan 31, 2029
/E••••• I••••••••/Warrants - V••••••• H•••••••• L•• H••••• Care Equipment & Supplies	equity equity	n/a	$224,000 191c
/E••••• I••••••••/Warrants - Senseonics Holdings, Inc H••••• Care Equipment & Supplies	equity equity	n/a	$23,000 100c
/E••••• I••••••••/Warrants - Meditrina, Inc. H••••• Care Equipment & Supplies	warrants equity	n/a	$10,000 83c
/E••••• I••••••••/Warrants - T• T•••• H•••••••• L•• Ground Transportation	equity equity	n/a	$0
/E••••• I••••••••/Warrants - Centrexion Therapeutics, Inc. P•••••ceuticals	warrants equity	n/a	$0 0c

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Registration

Fiscal year end: 1231reported
Incorporated: DEreported
On the SEC BDC report: 2019 to 2026reported
Filings listed: 19reported10-Q and 10-K since 2022
Latest schedule: 0001193125-26-332724reported