DFX Intelligence
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N•• M••••••• G••••••• I•• B••• L•••••
Business development companymanaged by N•• M••••••• F•••••• A••••••• B••• L••••No longer on the SEC BDC reportNon-tradedLatest schedule Sep 30, 2024· NEW YORK, NY
A non-traded business development company, managed by N•• M••••••• F•••••• A••••••• B••• L••••, holding $1.5B across 77 borrowers at Sep 30, 2024.
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
- $1.5B
- Borrowers
- 77
- Mark on cost
- 98.5¢
- First lien
- 83%
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
Nothing material in the last 200 days. Last change: 30 Sep 2024, Lost a net 7 borrowers in the quarter to Sep 30, 2024, to 77.
Every headline figure, and the identifiersCIK 1781870 · file 814-01317ShowHide
Fair value
$1.5B
as of Sep 30, 2024
Principal held
$1.6B
debt pieces, the filer's figure
Cost
$1.6B
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
Positions
200
77 borrowers
First lien
83%
95% debt by fair value
Quarters on the tape
8
since Dec 31, 2022
Facilities held
0
0 sponsors financed
Portfolio through time
Fair value by quarter end$1.5B as of Sep 30, 2024
Dec 31, 2022$2.1B then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Sep 30, 2024 | $1.5B | 77 | 99c | 25 | 552 bp |
| Jun 30, 2024 | $3.2B | 84 | 99c | 27 | 566 bp |
| Mar 31, 2024 | $1.9B | 95 | 98c | 34 | 570 bp |
| Dec 31, 2023 | $3.9B | 104 | 98c | 63 | 577 bp |
All 8 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Sep 30, 2023 | $2.1B | 107 | 98c | 26 | 569 bp |
| Jun 30, 2023 | $2.1B | 104 | 98c | 26 | 572 bp |
| Mar 31, 2023 | $2.1B | 103 | 98c | 22 | 576 bp |
| Dec 31, 2022 | $2.1B | 104 | 97c | 22 | 575 bp |
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
- Marked down (one lender)Sep 30, 2024
- Marked down (one lender)Sep 30, 2024
- Marked down (one lender)Sep 30, 2024
- Spread increasedSep 30, 2024
- Maturity extended (observed)Sep 30, 2024
Full timeline · 20 eventsShow fewer
- Maturity shortened (observed)Sep 30, 2024
- Maturity shortened (observed)Sep 30, 2024
- Maturity shortened (observed)Sep 30, 2024
- Maturity shortened (observed)Sep 30, 2024
- Maturity shortened (observed)Sep 30, 2024
- Lender left a facilityJun 30, 2024
- Lender left a facilityJun 30, 2024
- Lender left a facilityJun 30, 2024
- Lender left a facilityJun 30, 2024
- New borrower on a BDC scheduleJun 30, 2024
- Marked down (one lender)Jun 30, 2024
- Marked down (one lender)Jun 30, 2024
- Spread increasedJun 30, 2024
- PIK interest appearsJun 30, 2024
- PIK interest appearsJun 30, 2024
Schedule of investments at Dec 31, 2023
529 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| F••••••• F•••••••• G••••• L•• | term loan first lien | $859,000 | $859,000 100c | S+550 bp | Sep 1, 2027 |
| V•••••• C••••••••• | subordinated debt unsecured or subordinated | $1.0M | $859,000 103c | S+713 bp | Dec 1, 2028 |
| D•••• B••••••• Services | term loan first lien | $859,000 | $859,000 100c | S+550 bp | Sep 1, 2027 |
| T••••••••• I•• | term loan first lien | $835,000 | $828,000 99c | S+338 bp PIK 3.38% | Feb 1, 2028 |
| T••••••••• I••• | term loan first lien | $835,000 | $828,000 99c | S+338 bp PIK 3.38% | Feb 1, 2028 |
| G••••••• S•••••••• L••• | term loan first lien | $750,000 | $750,000 100c | S+500 bp | Apr 1, 2027 |
| G••••••• S•••••••• L•• | term loan first lien | $750,000 | $750,000 100c | S+500 bp | Apr 1, 2027 |
| H•••••• P•••••• I••• | term loan first lien | $724,000 | $705,000 98c | S+550 bp | Nov 1, 2027 |
| H•••••• P•••••• I••• | term loan first lien | $724,000 | $705,000 98c | S+550 bp | Nov 1, 2027 |
| N•• T••••• P•••••• I••• | term loan second lien | $13.2M | $703,000 5c | S+725 bp | Jan 1, 2029 |
| N•• T••••• P•••••• I••• | term loan second lien | $13.2M | $703,000 5c | S+725 bp | Jan 1, 2029 |
| M••••••• B••••• H•••••••• L•• | term loan first lien | $702,000 | $689,000 98c | S+550 bp | Dec 1, 2028 |
| M••••••• B••••• H•••••••• L•• | term loan first lien | $702,000 | $689,000 98c | S+550 bp | Dec 1, 2028 |
| A•• G•••• H•••••••• I••• | term loan first lien | $679,000 | $662,000 99c | S+550 bp | Aug 1, 2028 |
| A•• G•••• H•••••••• I••• | term loan first lien | $679,000 | $662,000 99c | S+550 bp | Aug 1, 2028 |
| A••••••••• I••• | term loan first lien | $626,000 | $626,000 100c | S+650 bp | Jul 1, 2027 |
| A••••••••• I••• | term loan first lien | $626,000 | $626,000 100c | S+650 bp | Jul 1, 2027 |
| D••••••• C••••••••• | term loan first lien | $611,000 | $599,000 99c | S+625 bp | Aug 1, 2025 |
| D••••••• C••••••••• | term loan first lien | $611,000 | $599,000 99c | S+625 bp | Aug 1, 2025 |
| B••••••••• I••• | term loan first lien | $560,000 | $560,000 100c | S+550 bp | Dec 1, 2027 |
| B••••••••• I••• | term loan first lien | $560,000 | $560,000 100c | S+550 bp | Dec 1, 2027 |
| F• W••••••••• B•••••••• L•• | term loan first lien | $536,000 | $528,000 98c | S+575 bp | Dec 1, 2027 |
| D•• I••••••••• H••••••• L•• | term loan first lien | $494,000 | $480,000 98c | S+650 bp | Apr 1, 2028 |
| D•• I••••••••• H••••••• L•• | term loan first lien | $494,000 | $480,000 98c | S+650 bp | Apr 1, 2028 |
| I•• I••••••• H•••••••• I••• | term loan first lien | $463,000 | $459,000 100c | S+600 bp | May 1, 2029 |
| I•• I••••••• H•••••••• I••• | term loan first lien | $463,000 | $459,000 100c | S+600 bp | May 1, 2029 |
| T•• H••• P•••••• C•••• | term loan first lien | $457,000 | $457,000 100c | S+950 bp | May 1, 2024 |
| T•• H••• P•••••• C•••• | term loan first lien | $457,000 | $457,000 100c | S+950 bp | May 1, 2024 |
| A••••••• P••••••• M••••••••• I•• | term loan first lien | $431,000 | $431,000 100c | S+550 bp | Feb 1, 2028 |
| A••••••• P••••••• M••••••••• I••• | term loan first lien | $431,000 | $431,000 100c | S+550 bp | Feb 1, 2028 |
| i••••• I••• | term loan first lien | $421,000 | $421,000 100c | S+675 bp | Aug 1, 2028 |
| i••••• I••• | term loan first lien | $421,000 | $421,000 100c | S+675 bp | Aug 1, 2028 |
| C•••••••• I••• | term loan first lien | $411,000 | $407,000 99c | S+713 bp | Apr 1, 2027 |
| C•••••••• I••• | term loan first lien | $411,000 | $407,000 99c | S+713 bp | Apr 1, 2027 |
| Y•• H•••••••• I••• | term loan first lien | $404,000 | $404,000 103c | S+550 bp | Oct 1, 2025 |
| Y•• H•••••••• I••• F••• l••• • D•••• | term loan first lien | $404,000 | $404,000 103c | S+550 bp | Oct 1, 2025 |
| K••••• I••• | term loan first lien | $399,000 | $399,000 100c | S+550 bp | Jun 1, 2029 |
| K••••• I••• | term loan first lien | $399,000 | $399,000 100c | S+550 bp | Jun 1, 2029 |
| B•••••••• I••• | term loan first lien | $387,000 | $387,000 100c | S+550 bp | Sep 1, 2026 |
| B•••••••• I••• | term loan first lien | $387,000 | $387,000 100c | S+550 bp | Sep 1, 2026 |
| S••••• B••••••• H••••••• L•• | term loan first lien | $384,000 | $384,000 100c | S+425 bp | Sep 1, 2027 |
| S••••• B••••••• H••••••• L•• | term loan first lien | $384,000 | $384,000 100c | S+425 bp | Sep 1, 2027 |
| D••••••• C••••••••• | term loan first lien | $385,000 | $377,000 98c | S+625 bp | Aug 1, 2025 |
| D••••••• C••••••••• | term loan first lien | $385,000 | $377,000 98c | S+625 bp | Aug 1, 2025 |
| M••••••• B••••• H•••••••• L•• | term loan first lien | $362,000 | $355,000 98c | S+550 bp | Dec 1, 2027 |
| M••••••• B••••• H•••••••• L•• | term loan first lien | $362,000 | $355,000 98c | S+550 bp | Dec 1, 2027 |
| C•• M••••••••• L•• | term loan first lien | $365,000 | $319,000 86c | S+625 bp PIK 0.75% | Jul 1, 2024 |
| C•• M••••••••• L•• | term loan first lien | $365,000 | $319,000 86c | S+625 bp PIK 0.75% | Jul 1, 2024 |
| B•••••••• I•••• | term loan first lien | $308,000 | $308,000 100c | S+550 bp | Sep 1, 2026 |
| B•••••••• I••• | term loan first lien | $308,000 | $308,000 100c | S+550 bp | Sep 1, 2026 |
| G•••••••• I••• | term loan first lien | $252,000 | $252,000 99c | S+650 bp | Jan 1, 2027 |
| G•••••••• I••• | term loan first lien | $252,000 | $252,000 99c | S+650 bp | Jan 1, 2027 |
| N•••••••• T••••• L•• | term loan first lien | $241,000 | $223,000 90c | S+675 bp | May 1, 2027 |
| N•••••••• T••••• L•• | term loan first lien | $241,000 | $223,000 90c | S+675 bp | May 1, 2027 |
| B••••• P••••• H••••••• L•• | term loan first lien | $222,000 | $220,000 100c | S+550 bp | Dec 1, 2028 |
| B••••• P••••• H••••••• L•• | term loan first lien | $222,000 | $220,000 100c | S+550 bp | Dec 1, 2028 |
| A•• G•••• H•••••••• I••• | term loan first lien | $172,000 | $168,000 97c | S+550 bp | Aug 1, 2027 |
| A•• G•••• H•••••••• I••• | term loan first lien | $172,000 | $168,000 97c | S+550 bp | Aug 1, 2027 |
| T•• H••• P•••••• C•••• | term loan first lien | $157,000 | $157,000 100c | S+950 bp | May 1, 2024 |
| T•• H••• P•••••• C•••• | term loan first lien | $157,000 | $157,000 100c | S+950 bp | May 1, 2024 |
| F••••• S•••••••• G••••• L•• | term loan first lien | $146,000 | $145,000 93c | S+550 bp | Oct 1, 2027 |
| F••••• S•••••••• G••••• L•• | term loan first lien | $146,000 | $145,000 93c | S+550 bp | Oct 1, 2027 |
| F••••• S•••••••• G••••• L•• | term loan first lien | $142,000 | $141,000 101c | S+550 bp | Oct 1, 2028 |
| F••••• S•••••••• G••••• L•• | term loan first lien | $142,000 | $141,000 101c | S+550 bp | Oct 1, 2028 |
| S•• A••••••• C•••• | term loan first lien | $112,000 | $110,000 97c | S+575 bp | Sep 1, 2027 |
| S•• A••••••• C•••• | term loan first lien | $112,000 | $110,000 97c | S+575 bp | Sep 1, 2027 |
| K••••• I••• | term loan first lien | $97,000 | $97,000 100c | S+350 bp PIK 2.50% | Jun 1, 2029 |
| K••••• I•••• F•••• D•••• | term loan first lien | $97,000 | $97,000 100c | S+350 bp PIK 2.50% | Jun 1, 2029 |
| R•••••• P•••••• L•• | term loan first lien | $90,000 | $90,000 100c | S+675 bp | Apr 1, 2028 |
| R•••••• P•••••• L•• | term loan first lien | $90,000 | $90,000 100c | S+675 bp | Apr 1, 2028 |
| D•••• A••••••••• C••••••••• | term loan first lien | $89,000 | $89,000 96c | S+450 bp | Oct 1, 2027 |
| D•••• A••••••••• C••••••••• | term loan first lien | $89,000 | $89,000 96c | S+450 bp | Oct 1, 2027 |
| D•••• A••••••••• C••••••••• | term loan first lien | $88,000 | $88,000 105c | S+550 bp | Oct 1, 2028 |
| T••••••••• I••• | term loan first lien | $88,000 | $88,000 105c | S+550 bp | Oct 1, 2028 |
| F••••• S•••••••• G••••• L•• | term loan first lien | $82,000 | $82,000 111c | S+550 bp | Oct 1, 2028 |
| F••••• S•••••••• G••••• L•• | term loan first lien | $82,000 | $82,000 111c | S+550 bp | Oct 1, 2028 |
| S••••••••• I••• | term loan first lien | $84,000 | $80,000 96c | S+575 bp | Jun 1, 2028 |
| S••••••••• I••• | term loan first lien | $84,000 | $80,000 96c | S+575 bp | Jun 1, 2028 |
| R•••••• P•••••• L•• | term loan first lien | $67,000 | $67,000 110c | S+653 bp | Apr 1, 2029 |
| R•••••• P•••••• L•• | term loan first lien | $67,000 | $67,000 110c | S+653 bp | Apr 1, 2029 |
| S••••••••• I••• | term loan first lien | $39,000 | $38,000 93c | S+400 bp | Jun 1, 2026 |
| S••••••••• I••• | term loan first lien | $39,000 | $38,000 93c | S+400 bp | Jun 1, 2026 |
| I•• I••••••• H•••••••• I••• | term loan first lien | $25,000 | $25,000 93c | S+600 bp | May 1, 2028 |
| I•• I••••••• H•••••••• I••• | term loan first lien | $25,000 | $25,000 93c | S+600 bp | May 1, 2028 |
| K••••• I••• • U•••••• | unstated lien unstated | $1.5M | $0 | Jun 1, 2024 | |
| O•••• B••••• I••• | term loan first lien | $3.2M | $0 | S+350 bp | May 1, 2024 |
| T•••••• A•• C••••••••• H••••••• C••••••••• | term loan first lien | $572,000 | $0 | S+575 bp | Jun 1, 2024 |
| Y•• H•••••••• I••• | term loan first lien | $4.0M | $0 | Dec 1, 2024 | |
| B••••••••• I••• | term loan first lien | $3.0M | $0 | S+550 bp | Dec 1, 2024 |
| B••••••••• I••• | term loan first lien | $3.0M | $0 | S+550 bp | Dec 1, 2024 |
| P•••••• T•••• I• | equity equity | Not disclosed | $0 | ||
| R••••••• F•••••• I••• | term loan first lien | $1.6M | $0 0c | S+525 bp | Jul 1, 2025 |
| R•••••• P•••••• L•• | term loan first lien | $360,000 | $0 0c | Apr 1, 2028 | |
| K••• A••••••••• I••• | term loan first lien | $3.2M | $0 0c | Dec 1, 2027 | |
| C••••• B••••• L•• | term loan first lien | $592,000 | $0 0c | Feb 1, 2025 | |
| A•••••• H•••••• L•• | term loan first lien | $313,000 | $0 0c | S+675 bp | May 1, 2027 |
| W••••• E••••••••• G••••• L•• | term loan first lien | $2.5M | $0 0c | S+575 bp | Oct 1, 2027 |
| i••••• I••• | term loan first lien | $5.6M | $0 | Aug 1, 2024 | |
| G•••••••• I••• | term loan first lien | $955,000 | $0 0c | Jan 1, 2027 | |
| G••••••• S•••••••• L•• | term loan first lien | $750,000 | $0 0c | Apr 1, 2027 |
Registration
- Fiscal year end
- 1231reported
- Incorporated
- DEreported
- On the SEC BDC report
- 2020 to 2024reported
- Filings listed
- 12reported10-Q and 10-K since 2022
- Latest schedule
- 0001781870-24-000014reported