DFX Intelligence

The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.

S•••• P•••• C••••• C•••

Business development companymanaged by S•••• P•••• C••••• A•••••• L••Non-traded· GREENWICH, CT

A non-traded business development company, managed by S•••• P•••• C••••• A•••••• L••, holding $3.0B across 159 borrowers at Jun 30, 2026.

Composed from this BDC's filings and its latest schedule of investments.

As of 2026-06-30 · the latest schedule of investments read for this BDC

Fair value: $3.0B
Borrowers: 159
Mark on cost: 99.1¢
First lien: 88%

Schedule of investments (370)Quarter by quarter Sponsors

As of 2026-06-30 · the latest schedule of investments read for this BDC

What matters now

6 below 80¢
$34.6M principal
6 positions across 6 borrowers marked below 80¢ on cost, $34.6M principal.
Q2 2026 · Marks this low usually come before non-accrual or a restructuring.
Derivedeach position's fair value over cost, 30 Jun 2026
11 → 13
loans paying in kind
Loans paying in kind rose from 11 to 13 positions in the quarter to Jun 30, 2026.
Q2 2026 · Borrowers paying interest in more debt rather than cash is an early sign of strain.
Factthe schedule's PIK rates, quarter on quarterQuarter by quarter →
150 → 159
borrowers
Added a net 9 borrowers in the quarter to Jun 30, 2026, to 159.
Q2 2026 · The book is turning over faster than usual.
Factthe schedule's borrowers, quarter on quarterSchedule of investments →

Every headline figure, and the identifiersCIK 1825384 · file 814-01375Show

Fair value

$3.0B

as of Jun 30, 2026

Principal held

$3.0B

debt pieces, the filer's figure

Cost

$3.0B

99c on cost, debt pieces

Unfunded

Not disclosed

commitments not yet drawn

Positions

370

159 borrowers

First lien

88%

99% debt by fair value

Quarters on the tape

since Dec 31, 2022

Facilities held

308

24 sponsors financed

Portfolio through time

Fair value by quarter end$3.0B as of Jun 30, 2026

Dec 31, 2022$1.8B then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2026	$3.0B	159	99c	13	502 bp
Mar 31, 2026	$2.9B	150	99c	11	503 bp
Dec 31, 2025	$3.0B	140	100c	12	507 bp
Sep 30, 2025	$2.7B	136	100c	0	513 bp

All 15 quarters

Quarter	Fair value	Borrowers	On cost	Avg spread
Jun 30, 2025	$2.7B	129	100c	519 bp
Mar 31, 2025	$2.6B	123	100c	532 bp
Dec 31, 2024	$3.9B	116	100c	541 bp
Sep 30, 2024	$2.5B	102	100c	557 bp
Jun 30, 2024	$2.3B	91	99c	571 bp
Mar 31, 2024	$2.1B	82	100c	587 bp
Dec 31, 2023	$2.2B	82	99c	601 bp
Sep 30, 2023	$1.9B	73	99c	604 bp
Jun 30, 2023	$1.9B	72	98c	603 bp
Mar 31, 2023	$1.8B	69	99c	594 bp
Dec 31, 2022	$1.8B	68	98c	590 bp

Sponsors financed

No borrower on this schedule has a sponsor attribution yet.

What changed

New lender joined a facilityJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
New lender joined a facilityJun 30, 2026
••• Locked
New lender joined a facilityJun 30, 2026
••• Locked
New lender joined a facilityJun 30, 2026
••• Locked

Full timeline · 20 events

New lender joined a facilityJun 30, 2026
••• Locked
New lender joined a facilityJun 30, 2026
••• Locked
New lender joined a facilityJun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
PIK interest appearsJun 30, 2026
••• Locked
PIK interest increasedJun 30, 2026
••• Locked
Spread increasedJun 30, 2026
••• Locked
Spread increasedJun 30, 2026
••• Locked

Every position change, including routine ones

Largest facilities held, with co-lenders

A•••••••• S••••••••• I•• first lien term loan
6 BDCs hold it · matures Mar 15, 2030
$65.4M 97c
W•••• S••••• R•••••• A••••••••• L•• first lien term loan
6 BDCs hold it · matures Sep 16, 2032
$59.3M 100c
A•••••••• H•••••••• L•• first lien term loan
16 BDCs hold it · matures Aug 31, 2029 · possible sponsor G•••••• C••••••
$55.5M 100c
M•• D••••• S••••••••• L•• first lien term loan
3 BDCs hold it · matures Feb 13, 2031
$53.6M 102c
D••••••• C••••••••• first lien term loan
22 BDCs hold it · matures Aug 4, 2030 · possible sponsor L•• C•••••• M••••••••• L•••
$53.4M 99c
P•• P•••••• I•• first lien term loan
1 BDC hold it · matures Aug 18, 2032
$53.4M 98c
I• I••••••••• H•••••••• L•• first lien term loan
30 BDCs hold it · matures Dec 1, 2029 · possible sponsor D••••••• C•••••• M••••••••• L•••
$46.4M 101c
O••• B•••••••• L•• first lien term loan
6 BDCs hold it · matures May 8, 2030
$45.2M 99c
C••••••••• L•• first lien term loan
12 BDCs hold it · matures Apr 22, 2032 · possible sponsor T• A•••••••••
$43.5M 101c
T••••• I••••••••• H•••••••• L•• first lien delayed draw term loan
2 BDCs hold it · matures Oct 2, 2028
$43.1M 100c
R•• N••• P••••••••• L•• first lien term loan
5 BDCs hold it · matures Mar 19, 2032
$40.7M 100c
B••••••••• T••••••••• I•• first lien term loan
12 BDCs hold it · matures May 14, 2029
$39.2M 101c

Schedule of investments at Sep 30, 2024

239 positions

Borrower	Instrument	Principal	Fair value	Rate	Maturity
W•••••••• I•••••••• N••••••• L••	delayed draw term loan first lien	$6.3M	$6.1M 98c	SOFR+500 bp	May 28, 2030
R•• A••••••••• I••	term loan first lien	$6.0M	$5.9M 100c	SOFR+475 bp	Nov 1, 2029
R•• T••••• I••	preferred equity equity	$5.8M	$5.8M 102c	13.25%
F••••••••• R••• P•••••••• C•••	delayed draw term loan unsecured or subordinated	$5.7M	$5.6M 99c	SOFR+525 bp	Oct 29, 2030
T••••• I••••••••• H•••••••• L••	delayed draw term loan first lien	$5.7M	$5.5M 98c	SOFR+550 bp	Oct 4, 2027
S••••••• S••••• H••••••••• S•••••••• L••	delayed draw term loan first lien	$5.4M	$5.4M 101c	SOFR+500 bp	Jan 2, 2029
S••••• R• H•••••••• I•••	equity equity	$3.6M	$5.2M 142c		Sep 19, 2022
C••••• B••••• L••	term loan first lien	$5.2M	$5.1M 100c	SOFR+500 bp	Feb 18, 2028
H••••••• S••••••• S•••••••• L••	term loan first lien	$5.0M	$5.0M 100c	SOFR+525 bp	Jun 16, 2031
I• I••••••••• H•••••••• L••	term loan first lien	$4.9M	$4.8M 100c	SOFR+600 bp	Sep 22, 2028
F••••••••• R••• P•••••••• C••••	term loan first lien	$4.6M	$4.5M 99c	SOFR+525 bp	Oct 29, 2030
G• T•• I••••••••• H•••••••• I•••	term loan first lien	$4.5M	$4.4M 101c	SOFR+400 bp	Aug 9, 2030
A••••••• F•••• B••	term loan first lien	$4.4M	$4.4M 102c	SOFR+475 bp	Feb 18, 2031
I•• H••• A•••• M••••••••• L•••	notes unsecured or subordinated	$4.3M	$4.4M 103c	9.00%	Jun 29, 2028
B•••••• B••••• I•••	delayed draw term loan first lien	$4.3M	$4.3M 103c	SOFR+650 bp	Jun 21, 2029
H••••••• S••••••• S•••••••• L••	delayed draw term loan first lien	$4.4M	$4.3M 100c	SOFR+525 bp	Jun 16, 2031
R•• A••••••••• I••	term loan first lien	$4.3M	$4.3M 100c	SOFR+475 bp	Nov 1, 2029
C••••• B•••••• A••••••• L••	term loan first lien	$4.3M	$4.3M 100c	SOFR+525 bp	Jun 30, 2028
A•• U••••••• H•••••••• L•••	equity equity	$375,000	$3.8M 100c
T•• F••• I• I•••••••• ••••••••• L••	equity equity	$3.7M	$3.7M 100c
A••• I••••••••• H•••••••• L••	term loan first lien	$3.7M	$3.7M 103c	SOFR+625 bp	May 23, 2029
E•••••••• S••••••• G•••• P•• H•••••• L••	notes unsecured or subordinated	$3.8M	$3.7M 100c	13.75%	Apr 7, 2031
M••••••• A••••••••• I•••	delayed draw term loan first lien	$3.4M	$3.3M 100c	SOFR+500 bp	May 12, 2030
E•••••• B••••• I•••	preferred equity equity	$3.4M	$3.3M 100c	12.50%
A•••••••• P••••••• L••	delayed draw term loan first lien	$3.0M	$3.0M 102c	SOFR+650 bp	Aug 29, 2029
I•••••• A••••••••• L••	preferred equity equity	$2.0M	$3.0M 150c
M••• C•••••• I• L••	revolver first lien	$2.9M	$2.9M 105c	SOFR+500 bp	Sep 3, 2029
A•••••••• H••••••• L••	delayed draw term loan first lien	$2.9M	$2.9M 102c	SOFR+500 bp	Aug 31, 2029
P•••• B•••••••• L••	delayed draw term loan first lien	$2.9M	$2.9M 101c	SOFR+575 bp	Nov 15, 2030
A•••••• H•••••••• L••	term loan first lien	$2.9M	$2.8M 100c	SOFR+550 bp	Dec 17, 2029
F•••••• M••••••• C•••	notes unsecured or subordinated	$2.3M	$2.6M 114c	12.25%	Oct 1, 2030
A•••••••• P••••••• L••	delayed draw term loan first lien	$2.5M	$2.5M 101c	SOFR+625 bp	Aug 29, 2029
N•••• B••••• I•••	term loan second lien	$2.5M	$2.5M 99c	SOFR+825 bp	Apr 28, 2028
T••••• I••••••••• H•••••••• L••	delayed draw term loan first lien	$2.4M	$2.4M 101c	SOFR+550 bp	Oct 4, 2027
T••••• I••••••••• H•••••••• L••	delayed draw term loan first lien	$2.4M	$2.4M 100c	SOFR+550 bp	Oct 4, 2027
K••• A••••••••• I••	term loan first lien	$2.4M	$2.4M 101c	SOFR+625 bp	Dec 12, 2029
G••••••••• H•••••••• L••	delayed draw term loan first lien	$2.3M	$2.3M 100c	SOFR+525 bp	Jan 17, 2031
R•• A••••••••• I••	term loan first lien	$2.2M	$2.2M 100c	SOFR+475 bp	Nov 1, 2029
A•••••••• P••••••• L••	term loan first lien	$2.0M	$2.0M 102c	SOFR+650 bp	Aug 29, 2029
A•••••••• P••••••• L••	delayed draw term loan first lien	$2.0M	$2.0M 102c	SOFR+650 bp	Aug 29, 2029
M•• D••••• S••••••••• L••	delayed draw term loan first lien	$1.8M	$1.9M 104c	SOFR+600 bp	Feb 13, 2031
P•• P••••• I•••	term loan first lien	$1.9M	$1.8M 99c	SOFR+500 bp	Dec 29, 2028
M••••••• B••••• P••••••••• L••	delayed draw term loan first lien	$1.7M	$1.7M 100c	SOFR+550 bp	Dec 29, 2028
O•••• A•••••• S••••••••• L••	delayed draw term loan second lien	$1.7M	$1.7M 99c	SOFR+800 bp	Sep 24, 2028
M••••	revolver first lien	$2.1M	$1.7M 84c	SOFR+650 bp	Jul 29, 2026
B•••••• B••••• I••	revolver first lien	$1.5M	$1.5M 100c	SOFR+575 bp	Mar 8, 2030
P•••••••• F•••••• A•••••••••	notes unsecured or subordinated	$1.4M	$1.4M 103c	6.38%	Jun 15, 2025
K••• A••••••••• I•••	delayed draw term loan first lien	$1.6M	$1.4M 85c	SOFR+575 bp	Jul 6, 2029
A•••• A••••••• G••••• L••	revolver first lien	$1.4M	$1.4M 100c	SOFR+475 bp	Aug 1, 2031
C••••• B•••••• A••••••• L••	delayed draw term loan first lien	$1.4M	$1.3M 97c	SOFR+525 bp	Jun 30, 2028
R••••••• I••••••••• M•••••••	equity equity	$48,483	$1.3M 104c
N•••• B••••• I•••	term loan second lien	$1.3M	$1.2M 103c	SOFR+800 bp	Apr 28, 2028
A•••••••• P••••••• L••	revolver first lien	$1.0M	$1.0M 103c	SOFR+650 bp	Aug 29, 2029
G••••• H••• H••••• C•••	equity equity	$1,667	$976,212 5742424c
A•••••• G•••• H•••••••• I••	notes unsecured or subordinated	$825,629	$837,956 104c	10.75%	Aug 1, 2027
G••••• B•••••••• L••	revolver first lien	$792,168	$787,337 101c	SOFR+450 bp	Oct 2, 2028
S••••••• S••••• H••••••••• S•••••••• L••	delayed draw term loan first lien	$698,250	$705,248 110c	SOFR+500 bp	Jan 2, 2029
P•••• B•••••••• L••	revolver first lien	$736,857	$704,681 103c	SOFR+575 bp	Nov 15, 2029
N•• M••••••• G••••••• I• I••••• R•••• F••••• I•• L•••	notes unsecured or subordinated	$600,000	$601,300 100c	SOFR+840 bp	Apr 3, 2037
A••• I••••••••• H•••••••• L••	term loan first lien	$404,489	$397,653 100c	SOFR+550 bp	May 23, 2029
S••••••• H•••••••• I••	revolver first lien	$397,590	$397,590 106c	SOFR+550 bp	Oct 1, 2027
S••••••••• I••	revolver first lien	$403,685	$352,639 90c	SOFR+400 bp	Jun 18, 2026
A•••••••• R••••••••• M•••••••••	delayed draw term loan first lien	$393,047	$348,954 97c	SOFR+575 bp	Oct 5, 2029
B••••• P••••• H••••••• L••	delayed draw term loan first lien	$312,000	$312,000 111c	SOFR+475 bp	Dec 29, 2028
C••• H••••• H••••••• C•••	delayed draw term loan first lien	$236,658	$217,118 92c	SOFR+575 bp	Jun 15, 2027
A•••••••• H••••••• L••	delayed draw term loan first lien	$180,796	$180,073 101c	SOFR+500 bp	Aug 31, 2029
S••••••• A• B••••• L••	delayed draw term loan first lien	$155,841	$149,768 101c	SOFR+550 bp	Mar 2, 2028
P•• P•••••• I•••	revolver first lien	$156,630	$146,630 104c	SOFR+550 bp	Dec 30, 2027
G• A••••••••• I••	revolver first lien	$140,000	$140,000 103c	SOFR+525 bp	Mar 27, 2034
S••••••••• I••	delayed draw term loan first lien	$104,108	$99,105 96c	SOFR+575 bp	Jun 19, 2028
A•••••• H•••••••• L••	revolver first lien	$96,046	$76,453 119c	SOFR+550 bp	Dec 17, 2029
W••••••• M••••••• L••	revolver first lien	$127,692	$54,397 65c	SOFR+575 bp	Aug 25, 2028
P•••••• K• B••••••• I••	revolver first lien	Not disclosed	$50,227 -61c	SOFR+500 bp	Dec 10, 2027
M•• D••••• S••••••••• L••	delayed draw term loan first lien	Not disclosed	$35,799	SOFR+600 bp	Feb 15, 2027
K••• A••••••••• I••	revolver first lien	$41,094	$35,571 105c	SOFR+625 bp	Dec 12, 2029
B•••••• B••••• I•••	revolver first lien	Not disclosed	$9,375 -18c	SOFR+650 bp	Jun 21, 2029
A•••••••• R••••••••• M•••••••••	revolver first lien	Not disclosed	-$2,657 71c	SOFR+575 bp	Oct 5, 2029
L••••••••• I•••	delayed draw term loan first lien	Not disclosed	-$3,900 9c	SOFR+575 bp	Mar 27, 2025
N•••• B••••• I•••	revolver first lien	Not disclosed	-$4,080	SOFR+475 bp	Oct 29, 2027
C•••••• R•••••••• M••••• L••	revolver first lien	Not disclosed	-$4,185 15c	SOFR+525 bp	Jul 1, 2028
M••••••• B••••• P••••••••• L••	revolver first lien	Not disclosed	-$5,886 64c	SOFR+550 bp	Dec 30, 2027
R•• A••••••••• I••	delayed draw term loan first lien	Not disclosed	-$6,066	SOFR+475 bp	Nov 1, 2029
S••••••• A• B••••• L••	revolver first lien	Not disclosed	-$6,076 50c	SOFR+550 bp	Mar 2, 2028
T••••• I••••••••• H•••••••• L••	revolver first lien	Not disclosed	-$6,200 461c	SOFR+550 bp	Oct 4, 2027
N•••••• H•••••••••	revolver first lien	Not disclosed	-$7,648 67c	SOFR+600 bp	Nov 9, 2029
V•••• C••• B•••• L••	revolver first lien	Not disclosed	-$8,738 103c	SOFR+475 bp	Jul 30, 2031
H••••• S•••••••• I••	revolver first lien	Not disclosed	-$10,072 68c	SOFR+600 bp	Sep 19, 2029
E•••••• B••••• I•••	revolver first lien	Not disclosed	-$10,827 101c	SOFR+525 bp	Sep 8, 2031
C•••••• G••••• L••	revolver first lien	Not disclosed	-$12,587 101c	SOFR+450 bp	Sep 17, 2031
T••••• I••••••••• H•••••••• L••	revolver first lien	Not disclosed	-$14,076 57c	SOFR+550 bp	Oct 4, 2027
M•• C•••••• M••••••••• I••••••••• L••	revolver first lien	Not disclosed	-$15,357 102c	SOFR+475 bp	Aug 29, 2031
T••••• I••••••••• H•••••••• L••	revolver first lien	Not disclosed	-$18,600	SOFR+550 bp	Oct 4, 2027
N•••••• H•••••••••	delayed draw term loan first lien	Not disclosed	-$20,378 131c	SOFR+600 bp	Nov 10, 2025
E•••••• B••••• I•••	delayed draw term loan first lien	Not disclosed	-$21,339 202c	SOFR+525 bp	Sep 7, 2026
C•••••• G••••• L••	delayed draw term loan first lien	Not disclosed	-$25,175 201c	SOFR+450 bp	Sep 17, 2026
A•••••••• G•••• L••	revolver first lien	Not disclosed	-$27,564 40c	SOFR+500 bp	Aug 31, 2028
D••••••• C•••••••••	delayed draw term loan first lien	Not disclosed	-$30,517 106c	SOFR+500 bp	Apr 30, 2026
I• I••••••••• H•••••••• L••	revolver first lien	Not disclosed	-$33,887 68c	SOFR+600 bp	Sep 22, 2027
M••••••• A••••••••• I••	unstated lien unstated	Not disclosed	-$39,794 103c	SOFR+500 bp	May 10, 2030
M•• C•••••• M••••••••• I••••••••• L••	delayed draw term loan first lien	Not disclosed	-$40,714 200c	S+475 bp	Aug 29, 2026

Page 2 of 3Previous Next

Registration

Fiscal year end: 1231reported
Incorporated: DEreported
On the SEC BDC report: 2021 to 2026reported
Filings listed: 19reported10-Q and 10-K since 2022
Former names: S•••• P•••• Capital Credit LLCreported
Latest schedule: 0001193125-26-352549reported