DFX Intelligence
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A••••• D••• S•••••••• B••
A non-traded business development company, managed by A••••• C••••• M••••••••• L••, holding $25B across 427 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
- $25B
- Borrowers
- 427
- Mark on cost
- 99.0¢
- First lien
- 100%
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
- $160Mon non-accrual, 9 borrowers
9 borrowers on non-accrual, $160M principal; the largest is E•••• S•••• G•••• B•• ($63.4M).
Q2 2026 · Loans that have stopped paying interest; they set the book's credit losses.
FactBDC schedules of investments, 30 Jun 2026For LPs and shareholders in these BDCs, co-lenders on the same namesOpen E•••• S•••• G•••• B•• → - 27 below 80¢$378M principal
27 positions across 23 borrowers marked below 80¢ on cost, $378M principal.
Q2 2026 · Marks this low usually come before non-accrual or a restructuring.
Derivedeach position's fair value over cost, 30 Jun 2026 - $20B → $25Bfair value, 4 quarters
Its portfolio grew 27% at fair value over the last four quarters.
Q2 2026 · A fast-growing book is deploying new capital.
Every headline figure, and the identifiersCIK 1837532 · file 814-01424ShowHide
Fair value
$25B
as of Jun 30, 2026
Principal held
$26B
debt pieces, the filer's figure
Cost
$26B
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
Positions
835
427 borrowers
First lien
100%
100% debt by fair value
Quarters on the tape
15
since Dec 31, 2022
Facilities held
753
33 sponsors financed
Portfolio through time
Fair value by quarter end$25B as of Jun 30, 2026
Dec 31, 2022$22B then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $25B | 427 | 99c | 30 | 460 bp |
| Mar 31, 2026 | $25B | 427 | 99c | 35 | 457 bp |
| Dec 31, 2025 | $26B | 444 | 100c | 28 | 452 bp |
| Sep 30, 2025 | $22B | 438 | 101c | 36 | 460 bp |
All 15 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2025 | $20B | 395 | 101c | 33 | 477 bp |
| Mar 31, 2025 | $82B | 520 | 100c | 23 | 487 bp |
| Dec 31, 2024 | $73B | 497 | 100c | 25 | 501 bp |
| Sep 30, 2024 | $57B | 426 | 101c | 20 | 510 bp |
| Jun 30, 2024 | $52B | 379 | 100c | 13 | 532 bp |
| Mar 31, 2024 | $29B | 298 | 101c | 10 | 547 bp |
| Dec 31, 2023 | $30B | 251 | 101c | 8 | 574 bp |
| Sep 30, 2023 | $24B | 237 | 100c | 8 | 554 bp |
| Jun 30, 2023 | $21B | 223 | 100c | 5 | 554 bp |
| Mar 31, 2023 | $19B | 190 | n/a | 5 | 536 bp |
| Dec 31, 2022 | $22B | 172 | 97c | 9 | 525 bp |
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
Full timeline · 20 eventsShow fewer
- Repeat sponsor and lender pairJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
Largest facilities held, with co-lenders
- K••• K••••• I••••••••• A• first lien term loan1 BDC hold it · matures Aug 26, 2032$764M 99c
- F•••••• O•••• I• A• first lien term loan1 BDC hold it · matures Jun 17, 2032$659M 98c
- V•••• V•• A•••• H••••••• 1• L•• first lien term loan1 BDC hold it · matures Apr 24, 2031$492M 105c
- E•••••• E•••••• H•••••••• I•• first lien term loan1 BDC hold it · matures Dec 20, 2032$358M 99c
- G••••••••• V•••••• A•• P•• L•• first lien term loan1 BDC hold it · matures Mar 23, 2028$324M 103c
- M•• H•••••••• I•• first lien term loan1 BDC hold it · matures Oct 4, 2032$324M 100c
- M••• E••••• M•••• L•• first lien term loan3 BDCs hold it · matures Oct 1, 2032$318M 100c
- O•• C••• M•••••• O•• C••• C••••••••• first lien term loan1 BDC hold it · matures Sep 10, 2030$309M 100c
- O•••• H•••••• B•• first lien term loan1 BDC hold it · matures Jan 21, 2033$248M 98c
- L••• H••• L•• B••••••• L•• first lien term loan1 BDC hold it · matures Sep 4, 2031$248M 100c
- O•••• H••••••••• O••••••••• H•••••••• I•• first lien term loan1 BDC hold it · matures Apr 1, 2030$248M 97c
- B•• U•• first lien term loan6 BDCs hold it · matures Aug 31, 2028$230M 98c
Schedule of investments at Jun 30, 2024
787 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| E•••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| C•••• S••••••• I••••••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| O•••• C••••••••• L• P••••••• C••• P••••••• | equity equity | Not disclosed | Not disclosed n/a | ||
| A••••• B•••••• S•••••• I••••••••• L•• H••••• C••• P•••••••• & S••••••s | delayed draw term loan first lien | Not disclosed | Not disclosed n/a | S+525 bp | Oct 31, 2030 |
| A•••••• A•• H••••••• M••••• L•• S••••••• | revolver first lien | $0 | Not disclosed | S+500 bp | Jun 6, 2031 |
| C•••• S••••••• I••••••••• S••••••• | delayed draw term loan first lien | $0 | Not disclosed n/a | S+550 bp | Feb 27, 2030 |
| A•••••• H•••••••• L•• ••• C••• H•••••••• L••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| P••• I••••••• H•••••• C•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| F••••••••• A•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| G••••••••• G••••• S•••••• I•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| J••• A• H•••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| N•••• H•••• R• B••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| O••••••••• H•••••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| P•••••• G••••• I•••••••• S•••••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| R•••• B•••• S•• R••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| T•••••• T••••••••• L•• H••••• C••• E•••••••• & S••••••• | revolver first lien | $0 | Not disclosed n/a | S+675 bp | Apr 4, 2029 |
| A••••• U•••••••• H••••• L•• C••••••••• S••••••s & S••••••• | term loan first lien | $41.7M | Not disclosed n/a | S+385 bp | May 12, 2028 |
| C••••••••• A••••••••• I••• ••• G••••• A••••••••• I•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| H••••••• E••••••••• S•••••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| Z••••••• I••• S••••••• | revolver first lien | $0 | Not disclosed n/a | S+650 bp | Nov 22, 2028 |
| S•••• S••••• S•••• T••••• I••• C••••••••• S••••••s & S••••••• | revolver first lien | $0 | Not disclosed n/a | S+600 bp | Nov 6, 2029 |
| A••••••• T••••••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| C•• H•••••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| R••••••• D••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| P•••••• H•••••• C••••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| D••• C•••• T••••••••• D•••• P•••••• L•• S••••••• | revolver first lien | $0 | Not disclosed n/a | S+750 bp | Mar 30, 2029 |
| E•••• P••••••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| C••••••• B••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| C••••••• B•••• S••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| C•• B••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| B•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| A•••• G••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| M••••• C••••••••• A••••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| I• B•••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| P••• G•••• L•• | unstated lien unstated | Not disclosed | Not disclosed | Apr 3, 2028 | |
| G•••• G•••• F••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| G•• P••••••• H•••••• C•••••• I•• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| C•••• C•••• C•••••• H•••••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| A••••• B•••••• S•••••• I••••••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| A•• S••• R••••••••• L•••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| I•• H•••••• C•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| R••••• I••••••••• H••••••• I• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| A•••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| A•••••••• R••• M••••••••• G••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| E•••• S•••• G•••• B••• I••••••••• P•••• & R•••••••• E••••••••• P•••••••• | term loan first lien | $0 | Not disclosed | S+600 bp | Aug 30, 2028 |
| G•••••• U• H•••••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | Sep 22, 2026 | |
| K• H•••••••• E••••••••• I•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| M•• O•••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| R••• F•••• C••••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| T• I••••••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| T•••••• T••••••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| C•••••••• P••••••••• G•••• L•• ••• E••••••••• L••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| 2• B•••• L•••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| P•••••• F•••• B••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| S• A••••••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| Z••••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| A•• H••••••• M••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | Mar 10, 2025 | |
| N•• R•••• C••••••• B••••• I••• S••••••• | revolver first lien | $0 | Not disclosed n/a | S+675 bp | Nov 8, 2030 |
| V••••• F•••• G••••••• L•••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| A•• A•••• B••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| Z••• C•••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| T••••• I•••••••• H•••••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| H••••••••• I•••••••• A•••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| E•••••••• I• B••••••• 2•••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| T••••• M•••••• C•••••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | 3.00% | Apr 1, 2027 |
| I•••••••• P••••••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| I••••••••• •••••• C••••••••• S••••••• • S••••••• S•••• I••••••••• H••••••• L••••••••• S••••••• | delayed draw term loan first lien | $40.0M | Not disclosed | S+650 bp | Apr 25, 2031 |
| H•• S••••• U••••••• H•••••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| G• T••••••• S• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| C••• I••••••••• B••••• I•••••••• A•• B•••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| B•••• 2•••• G••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| Z••••••• I••• S••••••• | delayed draw term loan first lien | $0 | Not disclosed n/a | S+650 bp | Nov 22, 2028 |
| A••••••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| A•••• O••• L•• ••••• H••• M•••• S•••• S••••• S•••••••• L••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| A••••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| E•••• S•••• G•••• B••• ••••••• G•••• B•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| E•••••••• P•••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| 1••• H•••••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| P••• A•••••• I••••••• L•• ••••• P••••••• P••••••• I••••••• L••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| M•• H••••••• I•• C•••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| P•••••• B•••• L•••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| A•••• D•••• C••••••• B•••• S••• Financial S••••••s | delayed draw term loan first lien | $0 | Not disclosed | S+350 bp | May 14, 2031 |
| R••••••• F•••••• I••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| P••••••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| U••••••• B•••• G•••• M•••• L•• | unstated lien unstated | Not disclosed | Not disclosed | Aug 13, 2027 | |
| T••••• P•••• R••••• C•• | unstated lien unstated | Not disclosed | Not disclosed | Dec 3, 2026 | |
| I••••• C••••••••• L• P••••••• C••• P••••••• | equity equity | Not disclosed | Not disclosed n/a |
Page 8 of 8Previous
Registration
- Fiscal year end
- 1231reported
- Incorporated
- unknownreported
- On the SEC BDC report
- 2022 to 2026reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Latest schedule
- 0001193125-26-341358reported