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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
BDC portfolio
M••••• S•••••• D••••• L•••••• F•••
Fair value
$3.9B
as of Jun 30, 2026
Principal held
$3.9B
debt pieces, the filer's figure
Cost
$4.0B
97c on cost
Unfunded
$402M
commitments not yet drawn
Positions
1,040
248 borrowers
First lien
94%
96% debt by fair value
Quarters on the tape
15
since Dec 31, 2022
Facilities held
564
40 sponsors financed
Portfolio through time
Fair value by quarter end$3.9B as of Jun 30, 2026
Dec 31, 2022$2.9B then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $3.9B | 248 | 97c | 79 | 509 bp |
| Mar 31, 2026 | $4.0B | 243 | 98c | 67 | 503 bp |
| Dec 31, 2025 | $3.8B | 246 | 98c | 52 | 512 bp |
| Sep 30, 2025 | $3.8B | 230 | 98c | 49 | 520 bp |
| Jun 30, 2025 | $3.8B | 231 | 99c | 57 | 533 bp |
| Mar 31, 2025 | $11B | 224 | 99c | 51 | 540 bp |
| Dec 31, 2024 | $13B | 227 | 99c | 96 | 540 bp |
| Sep 30, 2024 | $7.3B | 215 | 99c | 46 | 557 bp |
| Jun 30, 2024 | $3.6B | 207 | 99c | 43 | 573 bp |
| Mar 31, 2024 | $6.6B | 191 | 99c | 35 | 595 bp |
| Dec 31, 2023 | $6.4B | 184 | 99c | 35 | 598 bp |
| Sep 30, 2023 | $6.2B | 179 | 99c | 23 | 605 bp |
| Jun 30, 2023 | $3.0B | 169 | 98c | 14 | 606 bp |
| Mar 31, 2023 | $2.9B | 167 | 98c | 9 | 588 bp |
| Dec 31, 2022 | $2.9B | 162 | 98c | 11 | 585 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
- Repeat sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
Largest facilities held, with co-lenders
- V•• C••••••••• L•• first lien term loan16 BDCs hold it · matures Jun 29, 2029 · W••••••••• C•••••• I••••••••$66.8M 100c
- G• A••••••••• I•• first lien term loan31 BDCs hold it · matures May 25, 2028 · G•••••• C••••••$61.6M 94c
- F••••••••• R••• P••••••• C••• first lien term loan13 BDCs hold it · matures Oct 29, 2030 · W•••••• P••••• L••$54.2M 101c
- W•••• I•••••••• A••••••••• L•• first lien term loan23 BDCs hold it · matures Apr 30, 2030 · C••••••••• C•••••• P•••••••• L••$51.0M 101c
- P••••• H••••• I••••••••• H•••••••• I•• first lien term loan15 BDCs hold it · matures Jun 3, 2030$50.4M 100c
- P•••••• G••••• I•••••••• S•••••••• L•• first lien term loan16 BDCs hold it · matures Oct 31, 2028 · S••••• P•••••••• L•••$49.9M 98c
- R•••••• S••••••• G••••• L•• first lien term loan15 BDCs hold it · matures Jun 1, 2032$49.6M 100c
- S•••••••• L•• first lien term loan2 BDCs hold it · matures Dec 9, 2026 · T•• L•$49.2M 71c
- A••• P•• H•••••••• I•• first lien term loan3 BDCs hold it · matures Jan 4, 2028$48.0M 56c
- C•••••• I••••••••• I•• first lien term loan10 BDCs hold it · matures Aug 4, 2027$47.0M 100c
- G• D• C•••••••• A••••••••• L•• first lien term loan6 BDCs hold it · matures Mar 9, 2029$45.8M 100c
- S•••••• E••••••••• L•• first lien term loan11 BDCs hold it · matures Aug 5, 2028$45.0M 98c
Schedule of investments at Jun 30, 2026
1,040 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| S• N•••• 2• I••. Ground Transportation | term loan first lien | $2.6M | $2.6M 101c | SOFR+500 bp | Jun 2, 2031 |
| R••• C•••••••• I••••••••• I••• I••. Pharmaceuticals | term loan first lien | $2.6M | $2.6M 98c | SOFR+450 bp | Apr 12, 2032 |
| L••••••••• L•• S••••••• | term loan first lien | $2.5M | $2.4M 99c | SOFR+5 bp | Jun 24, 2028 |
| S• N•••• 2• I••. Ground Transportation | term loan first lien | $2.5M | $2.4M 100c | SOFR+5 bp | Jun 2, 2031 |
| S••••• B••••• L•• H••••• Care Providers & S••••••s | equity equity | n/a | $2.4M 126c | ||
| S• N•••• 2• I••. Ground Transportation | term loan first lien | $2.5M | $2.4M 99c | SOFR+5 bp | Jun 2, 2031 |
| T• I••••••• I••. Capital Markets | term loan first lien | $2.4M | $2.4M 100c | SOFR+6 bp | Jun 12, 2031 |
| G••••••• I••••••••• I•• L•• Diversified Consumer S••••••s | term loan first lien | $2.4M | $2.4M 99c | SOFR+4 bp | Aug 2, 2032 |
| L•• B•••••••• L•• Diversified Consumer S••••••s | term loan first lien | $2.4M | $2.4M 99c | SOFR+5 bp | Sep 4, 2031 |
| A•••••• B•••••••, LLC Electronic Equipment, Instruments & Components | term loan first lien | $2.3M | $2.3M 100c | SOFR+550 bp | Jun 10, 2030 |
| G• A••••••••• I••. S••••••• | term loan first lien | $2.5M | $2.3M 94c | SOFR+5 bp | May 25, 2028 |
| F••••••••• R••• P••••••• C•••. I•••••••• S••••••s | term loan first lien | $2.3M | $2.3M 102c | SOFR+5 bp | Oct 29, 2029 |
| K••••• B••••• L•• Diversified Consumer S••••••s | term loan first lien | $2.3M | $2.3M 101c | SOFR+4 bp | Jul 26, 2032 |
| L• A••••• H•••••••• L•• Construction & Engineering | term loan first lien | $2.3M | $2.3M 100c | SOFR+5 bp | Feb 1, 2030 |
| C•••• H•••••••• L•• S••••••• | term loan first lien | $2.2M | $2.2M 102c | SOFR+5 bp | Feb 27, 2030 |
| C••••••• S•••••••• I••. Banks | term loan first lien | $2.2M | $2.2M 99c | SOFR+450 bp | Nov 17, 2031 |
| P•• T• H•••••••• I••. Consumer Staples Distribution & Retail | term loan first lien | $2.3M | $2.2M 96c | SOFR+600 bp PIK 2.50% | Feb 3, 2031 |
| U•• A•••••••• I••. Professional S••••••s | term loan first lien | $2.2M | $2.2M 100c | SOFR+475 bp | Nov 21, 2031 |
| R•••••• H•••••••• I••. Automobile Components | term loan first lien | $2.2M | $2.1M 100c | SOFR+500 bp | Nov 1, 2029 |
| B•••••••• I••. Professional S••••••s | term loan first lien | $2.1M | $2.1M 100c | SOFR+500 bp | Oct 1, 2029 |
| H••••••• B•••••••, LLC Investment C26First Lien Debt Commercial S••••••s & Supplies | term loan first lien | $3.0M | $2.1M 100c | //morganstanleydirectlendingfund.com/20260630#Canadian Overnight Repo Rate Average CORRA+475 bp | Dec 15, 2028 |
| G••••••• I••••••••• I•• L•• Diversified Consumer S••••••s | term loan first lien | $2.1M | $2.0M 99c | SOFR+425 bp | Aug 2, 2032 |
| S•••• B••••• L•• Electrical Equipment | term loan first lien | $2.2M | $2.0M 93c | SOFR+525 bp | Oct 15, 2031 |
| S••••••• H••••••• C••••••••• Financial S••••••s | term loan first lien | $2.0M | $2.0M 100c | SOFR+6 bp | May 14, 2031 |
| V••••••••• L•• Professional S••••••s | term loan first lien | $2.0M | $2.0M 99c | SOFR+525 bp | May 6, 2031 |
| F••••••• A••••••••• C•••• I••. Commercial S••••••s & Supplies | term loan first lien | $2.0M | $2.0M 100c | SOFR+5 bp PIK 0.03% | Feb 2, 2032 |
| F••••••• A••••••••• C•••• I••. Commercial S••••••s & Supplies | term loan first lien | $2.0M | $2.0M 101c | SOFR+500 bp PIK 2.75% | Feb 2, 2032 |
| G••••• B•••••••, LLC I•••••••• S••••••s | term loan first lien | $2.0M | $1.9M 99c | SOFR+5 bp | Sep 29, 2028 |
| I•• H•••••• C•••. S••••••• | term loan first lien | $1.9M | $1.9M 101c | SOFR+525 bp | May 2, 2029 |
| H•••••••• H••• S••••••s Diversified Consumer S••••••s | term loan first lien | $1.9M | $1.9M 98c | SOFR+575 bp | Dec 15, 2026 |
| E•••••• W••• A••••••••• C••••••• L•• Diversified Consumer S••••••s | term loan first lien | $1.9M | $1.8M 100c | SOFR+625 bp | Apr 10, 2031 |
| G•••• B•••••••• L• Industrial Conglomerates | term loan first lien | $1.9M | $1.8M 100c | SOFR+5 bp | Mar 2, 2033 |
| P•••••• A•••••• F••••••••• L•• (P•••••• Analytics) Commercial S••••••s & Supplies | equity equity | n/a | $1.8M 183c | ||
| T••• L••••• P•••••••• I••. H••••• Care Equipment & Supplies | term loan first lien | $1.8M | $1.8M 101c | SOFR+450 bp | Dec 19, 2029 |
| W••••• A•••••••• L•• Professional S••••••s | term loan first lien | $1.8M | $1.8M 99c | SOFR+4 bp | Oct 1, 2032 |
| T••• L••••• P•••••••• I••. H••••• Care Equipment & Supplies | term loan first lien | $1.8M | $1.8M 100c | SOFR+5 bp | Dec 19, 2029 |
| H•••••••• V••••••••• P•••••••• L•• H••••• Care Providers & S••••••s | term loan second lien | $1.8M | $1.8M 101c | 14.50% PIK 7.00% | Sep 11, 2028 |
| H•••••••• V••••••••• P•••••••• L•• H••••• Care Providers & S••••••s | term loan first lien | $1.8M | $1.8M 100c | SOFR+475 bp | Jun 12, 2028 |
| R•• H•••••••• I••. (R•••onnect) S••••••• | preferred equity equity | n/a | $1.7M 103c | ||
| V••••• S•••••• P•••••••• L•• Diversified Consumer S••••••s | term loan first lien | $1.8M | $1.7M 98c | SOFR+600 bp PIK 2.53% | Nov 8, 2030 |
| D•• B••••• L•• H••••• Care Providers & S••••••s | term loan first lien | $1.7M | $1.7M 100c | SOFR+500 bp | Jun 2, 2031 |
| I••••••• B••••• L•• H••••• Care Providers & S••••••s | term loan first lien | $1.7M | $1.7M 101c | SOFR+5 bp | Jun 3, 2031 |
| S••••• C••••••••, LP (Spectrum Automobile Components | equity equity | n/a | $1.7M 197c | ||
| M•••• N• I••. Life Sciences Tools & S••••••s | term loan first lien | $1.6M | $1.6M 100c | SOFR+475 bp | Jun 27, 2031 |
| H•• H••• A••••••••• I••. Commercial S••••••s & Supplies | term loan first lien | $1.6M | $1.6M 101c | SOFR+500 bp | Jun 30, 2031 |
| L• A••••• H•••••••• L•• Construction & Engineering | term loan first lien | $1.6M | $1.6M 99c | SOFR+5 bp | Feb 1, 2030 |
| T••••••• I••••••••• L•• Commercial S••••••s & Supplies | term loan first lien | $1.6M | $1.6M 101c | SOFR+475 bp | Mar 12, 2029 |
| I••••• I••. IT S••••••s | term loan second lien | $2.6M | $1.6M 60c | SOFR+7 bp | Mar 2, 2029 |
| F•• H••••••• I••. Commercial S••••••s & Supplies | term loan first lien | $1.8M | $1.6M 86c | SOFR+575 bp PIK 0.50% | Dec 15, 2028 |
| C••••• U• 1• I••. Pharmaceuticals | term loan first lien | $1.6M | $1.5M 99c | SOFR+500 bp | May 25, 2029 |
| M••••• C••••••••• A••••••• I••. Wireless Telecommunication S••••••s | term loan first lien | $1.5M | $1.5M 101c | SOFR+475 bp | Oct 16, 2029 |
| K••••• B••••• L•• Diversified Consumer S••••••s | term loan first lien | $1.5M | $1.5M 101c | SOFR+425 bp | Jul 26, 2032 |
| Z•••• I•••••••••, LLC R••• Estate Management & Development | term loan first lien | $1.6M | $1.5M 97c | SOFR+7 bp | Jul 1, 2027 |
| P•••••• A•••• H•••••••• L• Electronic Equipment, Instruments & Components | term loan first lien | $1.5M | $1.5M 99c | SOFR+425 bp | Dec 31, 2032 |
| M•• I••••••••• H•••••••• L•• Machinery | term loan first lien | $1.5M | $1.5M 100c | SOFR+600 bp | Jul 21, 2027 |
| R•••••• I••••••••• Air Freight & Logistics | term loan first lien | $1.6M | $1.5M 93c | SOFR+675 bp | Dec 29, 2028 |
| F••••• S•••••••• G••••• L•• Containers & Packaging | term loan first lien | $1.5M | $1.5M 100c | SOFR+550 bp | Oct 13, 2028 |
| O•••••••••, LLC Automobile Components | term loan first lien | $1.5M | $1.5M 98c | SOFR+450 bp | Dec 23, 2032 |
| U•• A•••••••• I••. Professional S••••••s | term loan first lien | $1.5M | $1.4M 100c | SOFR+475 bp | Nov 21, 2031 |
| P•••••• G••••• I•••••••• S•••••••• L•• I•••••••• S••••••s | term loan first lien | $1.5M | $1.4M 98c | SOFR+5 bp | Oct 16, 2028 |
| F••••••••• R••• P••••••• C•••. I•••••••• S••••••s | term loan first lien | $1.4M | $1.4M 100c | SOFR+5 bp | Oct 29, 2030 |
| P•••••••• I••••••••• L•• R••• Estate Management & Development | equity equity | n/a | $1.4M 71c | ||
| C••• B••••••• L•• H••••• Care Equipment & Supplies | term loan first lien | $1.4M | $1.4M 100c | SOFR+500 bp | Apr 29, 2033 |
| Z••••• A••••••••• L•• Aerospace & Defense | term loan first lien | $1.4M | $1.4M 99c | SOFR+450 bp | Jan 13, 2033 |
| A••••• S••••••• C•••. S••••••• | term loan first lien | $1.3M | $1.3M 102c | SOFR+5 bp | Jun 28, 2032 |
| U••••••• I••. IT S••••••s | term loan first lien | $1.4M | $1.3M 97c | SOFR+500 bp | Aug 25, 2031 |
| O••••••••• N•••• A••••••• I••. S••••••• | term loan first lien | $1.0M | $1.3M 99c | SONIA+6 bp PIK 3.00% | Oct 30, 2031 |
| T• P•••••• B••••• I••. H••••• Care Providers & S••••••s | term loan first lien | $1.3M | $1.3M 98c | SOFR+4 bp | Dec 12, 2032 |
| N•• G••••• H••••••• I••. Electronic Equipment, Instruments & Components | term loan first lien | $1.3M | $1.3M 97c | SOFR+5 bp | Jun 4, 2032 |
| R••• C•••••••• I••••••••• I••• I••. Pharmaceuticals | term loan first lien | $1.3M | $1.3M 98c | SOFR+5 bp | Apr 12, 2032 |
| E••••••••• A••••••••• L•• S••••••• | term loan first lien | $1.3M | $1.2M 95c | SOFR+6 bp | Aug 29, 2029 |
| D•••• Electronic Equipment, Instruments & Components | term loan first lien | $1.2M | $1.2M 100c | SOFR+475 bp | Jul 20, 2029 |
| B••••••••• T••••••••• L•• IT S••••••s | term loan first lien | $1.2M | $1.2M 100c | SOFR+5 bp | Apr 18, 2033 |
| R•••• T•••• U• B••••• I••. IT S••••••s | term loan first lien | $1.1M | $1.1M 105c | SOFR+450 bp | Sep 30, 2031 |
| E•••••••• S••••••• H•••••• C••••••••• Diversified Consumer S••••••s | term loan first lien | $1.3M | $1.1M 88c | SOFR+575 bp PIK 2.88% | Jun 17, 2030 |
| T••••• B••••• I••. (T••••• Networks) IT S••••••s | term loan first lien | $1.2M | $1.1M 95c | SOFR+5 bp PIK 0.03% | Feb 2, 2032 |
| K••• A••••••••• I••. Professional S••••••s | term loan first lien | $1.1M | $1.1M 100c | SOFR+625 bp PIK 5.25% | Feb 28, 2030 |
| A••• S•••••• P•••••••• L•• Diversified Consumer S••••••s | term loan first lien | $1.1M | $1.1M 102c | SOFR+500 bp | Oct 24, 2029 |
| C•••• H•••••••• L•• S••••••• | term loan first lien | $1.1M | $1.1M 101c | SOFR+5 bp | Feb 27, 2030 |
| C••• L••••••• H•••••••• I••. Commercial S••••••s & Supplies | term loan first lien | $1.1M | $1.1M 101c | SOFR+475 bp | Aug 27, 2031 |
| F•••••••• A•••••••••, Co. S••••••• | term loan first lien | $1.0M | $1.0M 100c | SOFR+5 bp | Mar 28, 2030 |
| D••••••• C••••••••• S••••••• | term loan first lien | $1.1M | $1.0M 97c | 12.09% PIK 0.08% | Aug 2, 2030 |
| R••••••• P•••••• L•• Commercial S••••••s & Supplies | term loan first lien | $1.0M | $1.0M 101c | SOFR+425 bp | May 24, 2032 |
| E••• P••••••••• I••. Diversified Consumer S••••••s | term loan first lien | $1.0M | $1.0M 104c | SOFR+450 bp | Feb 14, 2031 |
| F••••• S•••••••• G••••• L•• Containers & Packaging | preferred equity equity | n/a | $976,000 61c | ||
| E•••••• Topco, Inc. Diversified Consumer S••••••s | preferred equity equity | n/a | $965,000 95c | ||
| A•••• S•••••• P•••••••• L•• Commercial S••••••s & Supplies | term loan first lien | $965,000 | $958,000 101c | SOFR+5 bp | Nov 26, 2032 |
| U• I•••• S••• B••••• L•• Commercial S••••••s & Supplies | term loan first lien | $2.3M | $946,000 42c | SOFR+675 bp PIK 5.75% | Jun 13, 2028 |
| A••••• A••••••••• I••. IT S••••••s | term loan first lien | $922,000 | $903,000 99c | SOFR+5 bp | Dec 30, 2031 |
| E••••••• B••••• I••. S••••••• | term loan first lien | $920,000 | $900,000 99c | SOFR+6 bp PIK 0.03% | Mar 25, 2032 |
| T•••••• T••••••••• L•• Commercial S••••••s & Supplies | term loan first lien | $991,000 | $899,000 92c | SOFR+500 bp | Aug 20, 2031 |
| D•••••••• D••••• H••••••• L•• Professional S••••••s | term loan first lien | $943,000 | $895,000 97c | SOFR+575 bp PIK 2.75% | Sep 13, 2032 |
| U• I•••• S••• B••••• L•• Commercial S••••••s & Supplies | term loan first lien | $2.0M | $847,000 42c | SOFR+675 bp PIK 5.75% | Jun 13, 2028 |
| m••••• M•••••• I••. H••••• Care Providers & S••••••s | equity equity | n/a | $842,000 69c | ||
| T••••• B••••• I••. (T••••• Networks) IT S••••••s | term loan first lien | $967,000 | $842,000 89c | SOFR+450 bp | Feb 2, 2032 |
| C••••• U• 1• I••. Pharmaceuticals | term loan first lien | $841,000 | $822,000 99c | SOFR+500 bp | May 25, 2029 |
| F•••••• H•••••••• L• (Fetch) I•••••••• S••••••s | equity equity | n/a | $794,000 287c | ||
| K••• A••••••••• I••. Professional S••••••s | subordinated debt unsecured or subordinated | $1.2M | $777,000 65c | 11.67% PIK 8.00% | Feb 28, 2030 |
| P•••• B••••• I••. S••••••• | term loan first lien | $788,000 | $773,000 98c | SOFR+5 bp | May 1, 2029 |
| L••••••••• I••. Automobiles | term loan first lien | $813,000 | $766,000 96c | SOFR+500 bp | Jun 23, 2032 |
Registration
- Fiscal year end
- 1231reported
- Incorporated
- DEreported
- On the SEC BDC report
- 2020 to 2026reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Former names
- M••••• S•••••• D••••• L•••••• F••• LLC; M••••• S•••••• BDC LLCreported
- Latest schedule
- 0001193125-26-337915reported