DFX Intelligence
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B•••••••• D••••• L•••••• C••••
Business development companymanaged by B•••••••• C•••••• I••••••••• A•••••••• L••Non-traded· SANTA MONICA, CA
A non-traded business development company, managed by B•••••••• C•••••• I••••••••• A•••••••• L••, holding $191M across 100 borrowers at Jun 30, 2026.
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
- $191M
- Borrowers
- 100
- Mark on cost
- 93.2¢
- First lien
- 96%
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
What matters now
- 94.5¢ → 93.2¢book mark on cost
Marked its book down from 94.5¢ to 93.2¢ on the dollar in the quarter to Jun 30, 2026.
The whole portfolio was marked down; net asset value follows.
- $243M → $191Mfair value, 4 quarters
Its portfolio shrank 21% at fair value over the last four quarters.
The book is shrinking.
Every headline figure, and the identifiersCIK 1834543 · file 814-01378ShowHide
Fair value
$191M
as of Jun 30, 2026
Principal held
$207M
debt pieces, the filer's figure
Cost
$207M
93c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
Positions
263
100 borrowers
First lien
96%
99% debt by fair value
Quarters on the tape
15
since Dec 31, 2022
Facilities held
200
16 sponsors financed
Portfolio through timeHow each quarter is readEach quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.
Fair value by quarter end$191M as of Jun 30, 2026
Dec 31, 2022$1.5B then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $191M | 100 | 93c | 40 | 527 bp |
| Mar 31, 2026 | $202M | 104 | 94c | 40 | 538 bp |
| Dec 31, 2025 | $210M | 107 | 95c | 0 | 543 bp |
| Sep 30, 2025 | $231M | 116 | 96c | 45 | 562 bp |
All 15 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2025 | $243M | 120 | 94c | 48 | 568 bp |
| Mar 31, 2025 | $1.2B | 131 | 92c | 63 | 567 bp |
| Dec 31, 2024 | $2.3B | 132 | 94c | 128 | 597 bp |
| Sep 30, 2024 | $1.3B | 132 | 95c | 43 | 595 bp |
| Jun 30, 2024 | $1.3B | 120 | 95c | 37 | 630 bp |
| Mar 31, 2024 | $1.3B | 130 | 97c | 30 | 628 bp |
| Dec 31, 2023 | $2.2B | 134 | 97c | 64 | 614 bp |
| Sep 30, 2023 | $1.3B | 125 | 98c | 32 | 632 bp |
| Jun 30, 2023 | $1.2B | 110 | n/a | 28 | 636 bp |
| Mar 31, 2023 | $894M | 111 | n/a | 26 | 627 bp |
| Dec 31, 2022 | $1.5B | 106 | 97c | 23 | 627 bp |
Sponsors financedHow sponsors are countedCounted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.
No borrower on this schedule has a sponsor attribution yet.
What changed
No non-routine events for this BDC yet.
Every position change, including routine onesSchedule of investments at Dec 31, 2024
0 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|
Page 1
Registration
- Fiscal year end
- 1231reported
- Incorporated
- DEreported
- On the SEC BDC report
- 2024 to 2026reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Latest schedule
- 0001193125-26-337958reported