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 Mar 31, 2025
1,103 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| T•••••• M••••••••• S••••••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| A••••• M••••••••• L•• | unstated lien unstated | Not disclosed | Not disclosed | ||
| T••••••• F••• F••• I•••••••• L• | equity equity | Not disclosed | Not disclosed |
Page 12 of 12Previous
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