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
Muzinich BDC, Inc.
Fair value
$819M
as of Jun 30, 2026
Principal held
$204M
debt pieces, the filer's figure
Cost
$865M
95c on cost
Unfunded
n/a
commitments not yet drawn
Positions
57
15 borrowers
First lien
21%
41% debt by fair value
Quarters on the tape
6
since Dec 31, 2024
Facilities held
22
0 sponsors financed
Portfolio through time
Fair value by quarter end$819M as of Jun 30, 2026
Dec 31, 2024$1.2B then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $819M | 15 | 87c | 9 | n/a |
| Mar 31, 2026 | $825M | 13 | 82c | 8 | n/a |
| Dec 31, 2025 | $842M | 15 | 83c | 8 | n/a |
| Sep 30, 2025 | $1.0B | 16 | 91c | 8 | n/a |
| Jun 30, 2025 | $1.1B | 16 | 95c | 10 | n/a |
| Dec 31, 2024 | $1.2B | 15 | 98c | 13 | n/a |
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 scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest increasedJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- Maturity shortened (observed)Jun 30, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New borrower on a BDC scheduleDec 31, 2025
- New borrower on a BDC scheduleDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Maturity shortened (observed)Dec 31, 2025
- New borrower on a BDC scheduleDec 31, 2025
- Marked down (one lender)Sep 30, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- PIK interest appearsJun 30, 2025
- PIK interest appearsJun 30, 2025
- New borrower on a BDC scheduleJun 30, 2025
- New borrower on a BDC scheduleJun 30, 2025
Largest facilities held, with co-lenders
- $25.3M 82c
- 3RC Blue Chip Group Holdings second lien term loan1 BDC hold it · matures May 24, 2027$19.8M 90c
- Quest Bidco LLC first lien delayed draw term loan1 BDC hold it · matures May 9, 2027$19.6M 25c
- Commercial Building Products - Montbleau Holdings, LLC second lien term loan1 BDC hold it · matures Mar 21, 2028$13.3M 101c
- Diamond Blade Warehouse first lien term loan1 BDC hold it · matures Nov 28, 2028$11.3M 102c
- AGS Automotive Solutions Holdings second lien term loan1 BDC hold it · matures Jul 12, 2027$10.7M 101c
- IT Consulting - Macrosoft, Inc second lien term loan1 BDC hold it · matures May 31, 2028$9.4M 102c
- AGS Automotive Solutions Holdings first lien delayed draw term loan1 BDC hold it · matures Jul 12, 2026$4.4M 100c
- Aqua Leisure Recreation, LLC second lien term loan1 BDC hold it · matures Jun 30, 2028$1.7M 98c
- Diamond Blade Warehouse preferred equity1 BDC hold it$1.1M 79c
- QUEST JVCO LIMITED equity1 BDC hold it$750,000 n/a
- TEAM NexBelt Investors, LLC equity1 BDC hold it$650,000 193c
Schedule of investments at Jun 30, 2026
57 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| Investments | unstated lien unstated | n/a | $214M 91c | ||
| Net Assets | unstated lien unstated | n/a | $132M | ||
| Short-Term Investments | unstated lien unstated | n/a | $113M 100c | ||
| Short-Term Investments - United States Treasury Bill | unstated lien unstated | $109M | $108M 100c | Jul 2, 2026 | |
| Senior Secured Loan Debt Investments | term loan first lien | n/a | $73.6M 82c | ||
| Equity Investments | unstated lien unstated | n/a | $27.0M 81c | ||
| Equity Investments - Preferred Stock | preferred equity equity | n/a | $23.1M 82c | ||
| Equity Investments - Preferred Stock - Leisure Products Leisure Products | preferred equity equity | n/a | $20.2M 82c | ||
| Recreational Products Holding Company, LLC Leisure Products | preferred equity equity | $25.3M | $20.2M 82c | 8.00% | |
| Senior Secured Loan Debt Investments - Packaged Foods & Meat Packaged Foods & Meats | term loan first lien | n/a | $17.6M 90c | ||
| 3RC Blue Chip Group Holdings Packaged Foods & Meats | term loan second lien | $17.3M | $15.2M 89c | 15.56% PIK 15.56% | May 24, 2027 |
| Senior Secured Loan Debt Investments - Automotive Automotive | term loan first lien | n/a | $15.2M 101c | ||
| Commercial Building Products | term loan first lien | n/a | $13.1M 101c | ||
| Diamond Blade Warehouse LLC Industrial Machinery | term loan first lien | $11.3M | $11.4M 102c | 14.50% PIK 2.50% | Nov 28, 2028 |
| Senior Secured Loan Debt Investments - Industrial Machinery Industrial Machinery | term loan first lien | n/a | $11.4M 102c | ||
| AGS Automotive Solutions Holdings Automotive | term loan second lien | $10.7M | $10.7M 101c | 13.75% PIK 2.50% | Jul 12, 2027 |
| IT Consulting - Macrosoft, Inc. | term loan second lien | $9.4M | $9.4M 102c | 11.25% | May 31, 2028 |
| IT Consulting | term loan first lien | n/a | $9.4M 102c | ||
| Commercial Building Products - Montbleau Holdings, LLC | term loan second lien | $8.2M | $8.1M 100c | 12.00% | Mar 21, 2028 |
| Commercial Building Products - Montbleau Holdings, LLC | term loan second lien | $5.1M | $5.1M 101c | 12.00% | Mar 21, 2028 |
| Quest Bidco (GoApe) LLC Leisure Facilities | delayed draw term loan first lien | $19.6M | $4.9M 25c | 12.95% PIK 12.95% | May 9, 2027 |
| Senior Secured Loan Debt Investments - Leisure Facilities Leisure Facilities | term loan first lien | n/a | $4.9M 25c | ||
| Short-Term Investments - First American Government Obligatio | unstated lien unstated | $4.5M | $4.5M 100c | ||
| AGS Automotive Solutions Holdings Automotive | delayed draw term loan first lien | $4.4M | $4.4M 100c | 13.75% PIK 2.50% | Jul 12, 2026 |
| Equity Investments - Common Stock | equity equity | n/a | $4.0M 77c | ||
| Senior Secured Loan Debt Investments - Leisure Products Leisure Products | term loan first lien | n/a | $2.0M 98c | ||
| Equity Investments - Preferred Stock - Industrial Machinery Industrial Machinery | preferred equity equity | n/a | $1.8M 79c | ||
| Diamond Blade Warehouse LLC Industrial Machinery | preferred equity equity | $1.1M | $1.8M 79c | 8.00% | |
| Aqua Leisure Recreation, LLC Leisure Products | term loan second lien | $1.7M | $1.6M 98c | 13.00% PIK 13.00% | Jun 30, 2028 |
| 3RC Blue Chip Group Holdings Packaged Foods & Meats | term loan second lien | $1.6M | $1.4M 89c | 15.56% PIK 15.56% | May 24, 2027 |
| TEAM NexBelt Investors, LLC Apparel, Accessories & Luxury Goods | equity equity | $650,000 | $1.3M 193c | ||
| Equity Investments - Common Stock - Apparel, Accessories & L Apparel, Accessories & Luxury Goods | equity equity | n/a | $1.3M 193c | ||
| Commercial Building Products | equity equity | n/a | $1.2M 233c | ||
| Commercial Building Products - Montbleau Holdings, LLC | equity equity | $500,000 | $1.2M 233c | ||
| IT Consulting | equity equity | n/a | $1.2M 389c | ||
| IT Consulting - Macrosoft, Inc. | equity equity | $300,000 | $1.2M 389c | ||
| 3RC Blue Chip Group Holdings Packaged Foods & Meats | term loan second lien | $932,280 | $932,280 100c | 15.56% PIK 15.56% | May 24, 2027 |
| Equity Investments - Preferred Stock - Diversified Support S Diversified Support Services | preferred equity equity | n/a | $848,933 211c | ||
| Sayres and Associates LLC Diversified Support Services | preferred equity equity | $403,216 | $848,933 211c | 8.00% | |
| Short-Term Investments - First American Treasury Obligation | unstated lien unstated | $395,329 | $395,329 100c | ||
| Equity Investments - Common Stock - Automotive Automotive | equity equity | n/a | $359,171 19c | ||
| Recreational Products Consolidation Company, LLC - Promissory Leisure Products | term loan first lien | $343,750 | $343,750 100c | 0.00% | Jun 30, 2028 |
| Equity Investments - Preferred Stock - Automotive Automotive | preferred equity equity | n/a | $226,186 300c | ||
| AGS Automotive Solutions Holdings Automotive | preferred equity equity | $663 | $226,186 300c | 8.00% | |
| AGS Automotive Solutions Holdings Automotive | equity equity | $750 | $187,695 19c | ||
| AGS Automotive Solutions Holdings Automotive | equity equity | $685 | $171,476 19c | ||
| Short-Term Investments - US Bank Money Market Fund - Money M | unstated lien unstated | $4,134 | $4,134 100c | ||
| Liabilities in Excess of Other Assets | unstated lien unstated | n/a | $-82.5M | ||
| 3RC Blue Chip Group Holdings Invesco LLC Packaged Foods & Meats | preferred equity equity | $160 | n/a n/a | ||
| Equity Investments - Preferred Stock - Packaged Foods & Meat Packaged Foods & Meats | preferred equity equity | n/a | n/a n/a | ||
| Quest Bidco (GoApe) LLC - Super Senior Priority Leisure Facilities | term loan first lien | $22,305 | n/a n/a | 5.00% PIK 5.00% | May 9, 2027 |
| 3RC Blue Chip Group Holdings Invesco LLC Packaged Foods & Meats | preferred equity equity | $500 | n/a n/a | ||
| QUEST JVCO LIMITED Leisure Facilities | equity equity | $111,755 | n/a n/a | ||
| Equity Investments - Common Stock - Packaged Foods & Meats Packaged Foods & Meats | equity equity | n/a | n/a n/a | ||
| 3RC Blue Chip Group Holdings Invesco LLC Packaged Foods & Meats | equity equity | $1,000 | n/a n/a | ||
| QUEST JVCO LIMITED Leisure Facilities | equity equity | $638,245 | n/a n/a | ||
| Equity Investments - Common Stock - Leisure Facilities Leisure Facilities | equity equity | n/a | n/a n/a |
Page 1 of 1
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
- 0001213900-26-089024reported