DFX Intelligence
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L•••••••• S••••• U••• I•••
A non-traded business development company, managed by L• B•• A••••••• L••, holding $984M across 62 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
- $984M
- Borrowers
- 62
- Mark on cost
- 98.8¢
- First lien
- 87%
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
- $763M → $1.1Bfair value, 4 quarters
Its portfolio grew 40% at fair value over the last four quarters.
Q2 2026 · A fast-growing book is deploying new capital.
Every headline figure, and the identifiersCIK 1849089 · file 814-01427ShowHide
Fair value
$984M
as of Jun 30, 2026
Principal held
$881M
debt pieces, the filer's figure
Cost
$996M
99c on cost, debt pieces
Unfunded
$143M
commitments not yet drawn
Positions
153
62 borrowers
First lien
87%
88% debt by fair value
Quarters on the tape
15
since Dec 31, 2022
Facilities held
87
3 sponsors financed
Portfolio through time
Fair value by quarter end$1.1B as of Jun 30, 2026
Dec 31, 2021$0 then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $1.1B | 62 | 99c | 1 | 671 bp |
| Mar 31, 2026 | $886M | 58 | 99c | 1 | 672 bp |
| Dec 31, 2025 | $902M | 59 | 100c | 1 | 664 bp |
| Sep 30, 2025 | $785M | 50 | 100c | 1 | 667 bp |
All 16 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2025 | $763M | 48 | 100c | 1 | 661 bp |
| Mar 31, 2025 | $687M | 45 | 100c | 1 | 654 bp |
| Dec 31, 2024 | $1.2B | 46 | 100c | 2 | 677 bp |
| Sep 30, 2024 | $488M | 31 | 100c | 1 | 684 bp |
| Jun 30, 2024 | $450M | 28 | 101c | 1 | 685 bp |
| Mar 31, 2024 | $359M | 24 | 101c | 1 | 705 bp |
| Dec 31, 2023 | $301M | 24 | 101c | 1 | 702 bp |
| Sep 30, 2023 | $197M | 14 | 100c | 1 | 728 bp |
| Jun 30, 2023 | $178M | 11 | 100c | 0 | 791 bp |
| Mar 31, 2023 | $154M | 9 | 100c | 0 | 788 bp |
| Dec 31, 2022 | $225M | 7 | 100c | 2 | 807 bp |
| Dec 31, 2021 | $0 | 2 | n/a | 0 | n/a |
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
Full timeline · 20 eventsShow fewer
- New borrower on a BDC scheduleJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- New borrower on a BDC scheduleMar 31, 2026
- Lender left a facilityMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- Lender left a facilityMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Spread increasedMar 31, 2026
- Spread increasedMar 31, 2026
- Maturity extended (observed)Mar 31, 2026
- Lender left a facilityDec 31, 2025
- Spread increasedDec 31, 2025
- New borrower on a BDC scheduleDec 31, 2025
- Maturity extended (observed)Dec 31, 2025
Largest facilities held, with co-lenders
- 1•• D•••••• A•••••• first lien term loan1 BDC hold it · matures May 30, 2029 · possible sponsor U••••••$70.1M 86c
- B••• F•••••• P•• C••• H••••••• I•• first lien term loan1 BDC hold it · matures Jun 21, 2028$47.8M 100c
- I••••• E••••••• C••••••••• first lien term loan1 BDC hold it · matures Apr 17, 2030$43.6M 100c
- D•••• N••••• H••••••• L•• first lien term loan1 BDC hold it · matures Aug 24, 2028$41.7M 98c
- T•••• D••••••••• C•••••• L•• first lien term loan1 BDC hold it · matures Mar 12, 2030$40.0M 100c
- F•••••••• I••••••••• C••• first lien term loan1 BDC hold it · matures Mar 25, 2030$39.5M 100c
- R••••• C••••••••• I•• first lien term loan2 BDCs hold it · matures Jan 31, 2031$37.6M 100c
- t••••••••• L•• first lien term loan1 BDC hold it · matures Feb 12, 2029$36.4M 100c
- C••• C•••••• P••••••• I••• L• first lien term loan1 BDC hold it · matures Oct 11, 2027$34.2M 101c
- X•••• S••••••••• L•• first lien term loan1 BDC hold it · matures Oct 7, 2029 · possible sponsor N•••••••• C••••••$30.4M 98c
- M••• M••• L•• first lien term loan1 BDC hold it · matures Nov 10, 2028$27.4M 100c
- C••••••••• E••••••••• L•• first lien term loan1 BDC hold it · matures Jun 11, 2029$24.6M 98c
Schedule of investments at Jun 30, 2024
53 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| 1•• D•••••• A•••••• ••••• R••• G••• C••••••• L••• | term loan first lien | Not disclosed | $41.6M 100c | S+675 bp | May 30, 2029 |
| M•• A••••••••• C••••••••• | term loan first lien | Not disclosed | $39.4M 101c | S+650 bp | Dec 19, 2028 |
| D•••• N••••• H••••••• L•• | term loan first lien | Not disclosed | $32.0M 101c | S+700 bp | Aug 24, 2028 |
| G•• G••••• C••••••••• L•• | unstated lien unstated | Not disclosed | $22.2M | ||
| R••••• C••••••••• I••• | term loan first lien | Not disclosed | $20.4M 101c | S+695 bp | Jan 15, 2029 |
| D••••• D•••••• H•••••••• L•• | term loan first lien | Not disclosed | $20.3M 99c | S+845 bp | Dec 3, 2026 |
| G•• G••••• C••••••••• L•• | term loan first lien | Not disclosed | $18.8M 101c | S+750 bp | Oct 7, 2027 |
| S••• D••••• C••••••••• L•• | term loan first lien | Not disclosed | $17.8M 101c | S+675 bp | Feb 15, 2028 |
| S••••••• L•• | term loan first lien | Not disclosed | $17.6M 100c | S+750 bp | Dec 17, 2027 |
| C••••••••• E••••••••• L•• | term loan first lien | Not disclosed | $16.7M 100c | S+500 bp | Jun 11, 2029 |
| B••• F•••••• P•• C••• H••••••• I••• | term loan first lien | Not disclosed | $15.7M 101c | S+645 bp | Jun 21, 2028 |
| M•• L••••••• G•••• | term loan first lien | Not disclosed | $15.6M 101c | S+650 bp | Dec 30, 2027 |
| C••••••• N•••• S•••••••• L•• | term loan first lien | Not disclosed | $13.8M 101c | S+650 bp | Nov 1, 2026 |
| P•••• L•• | term loan first lien | Not disclosed | $13.3M 100c | S+575 bp | Jun 28, 2029 |
| Z••• W•••• R•••••••• L•• | term loan first lien | Not disclosed | $13.2M 101c | S+645 bp | May 15, 2026 |
| H••• L••••••• I••• | term loan first lien | Not disclosed | $13.1M 102c | S+675 bp | Jul 2, 2027 |
| t••••••••• L•• | term loan first lien | Not disclosed | $12.5M 101c | S+725 bp | Feb 12, 2029 |
| T••••• G••••• L•• | term loan first lien | Not disclosed | $12.2M 100c | S+550 bp | May 25, 2029 |
| T••••• O•• B•••• L•• | term loan first lien | Not disclosed | $10.8M 101c | S+550 bp | Apr 17, 2026 |
| I•••••••• P••••••••• L•• | term loan first lien | Not disclosed | $10.1M 102c | S+525 bp | Sep 30, 2027 |
| M••• M••• L•• | term loan first lien | Not disclosed | $8.4M 101c | S+575 bp | Nov 10, 2028 |
| C••• Z••••• L•• | term loan first lien | Not disclosed | $8.4M 101c | S+700 bp | Dec 30, 2027 |
| D••••• D•••••• H•••••••• L•• | term loan first lien | Not disclosed | $7.5M 99c | S+845 bp | Dec 3, 2026 |
| B••• F•••••• P•• C••• H••••••• I••• | term loan first lien | Not disclosed | $6.7M 101c | S+645 bp | Jun 21, 2028 |
| I•• G•• H••••••• L•• | equity equity | Not disclosed | $5.0M 102c | ||
| I•• G•• H••••••• L•• | unstated lien unstated | Not disclosed | $5.0M | ||
| Z••• W•••• R•••••••• L•• | term loan first lien | Not disclosed | $4.2M 99c | S+645 bp | May 15, 2026 |
| D••••••••• O•••••••• C••••••• L•• | term loan first lien | Not disclosed | $3.4M 101c | S+935 bp | May 14, 2026 |
| G•• G••••• C••••••••• L•• | term loan first lien | Not disclosed | $3.4M 101c | S+750 bp | Oct 7, 2027 |
| H••• L••••••• I••• | term loan first lien | Not disclosed | $3.0M 104c | S+625 bp | Jul 2, 2027 |
| S••••••• R••• E••••• I••••••••• L• | term loan first lien | Not disclosed | $3.0M 100c | S+870 bp | Oct 6, 2026 |
| C••• Z••••• L•• | term loan first lien | Not disclosed | $2.0M 101c | S+700 bp | Dec 30, 2027 |
| S••••••• R••• E••••• I••••••••• L• | term loan first lien | Not disclosed | $2.0M 100c | S+870 bp | Oct 6, 2026 |
| A••••• H•••••••• L•• | term loan first lien | Not disclosed | $1.9M 100c | S+700 bp | Aug 15, 2024 |
| Z•• H•••••••• I••• | subordinated debt unsecured or subordinated | Not disclosed | $1.9M 96c | 14.00% PIK 10.00% | Feb 16, 2027 |
| D•••• N••••• T•••• L•• | preferred equity equity | Not disclosed | $1.7M 106c | ||
| M••• M••• L•• | term loan first lien | Not disclosed | $1.7M 108c | S+575 bp | Nov 10, 2028 |
| N••••••• C••••••••• • C••••••••• L•• | notes lien unstated | Not disclosed | $1.6M 100c | S+1225 bp | May 31, 2029 |
| C••••••••• E••••••••• L•• | term loan first lien | Not disclosed | $1.0M 100c | S+500 bp | Jun 11, 2029 |
| C••• Z••••• L•• | term loan first lien | Not disclosed | $334,000 101c | S+700 bp | Dec 30, 2027 |
| 1•• D•••••• A•••••• ••••• R••• G••• C••••••• L•••• L•• | warrants equity | Not disclosed | $0 | ||
| Z•• H•••••••• I••• | warrants equity | Not disclosed | $0 | ||
| S••••••• L•• | term loan first lien | Not disclosed | $0 0c | S+750 bp | Dec 17, 2027 |
| M•• L••••••• G•••• | term loan first lien | Not disclosed | $0 0c | S+650 bp | Dec 30, 2027 |
| N••••••••• G•••••• C••••••• F••• L•• | unstated lien unstated | Not disclosed | $0 | ||
| D•••• N••••• H••••••• L•• | term loan first lien | Not disclosed | $0 0c | S+700 bp | Aug 24, 2028 |
| t••••••••• L•• | term loan first lien | Not disclosed | $0 0c | S+725 bp | Feb 12, 2029 |
| I•••••••• P••••••••• L•• | term loan first lien | Not disclosed | $0 0c | S+525 bp | Sep 30, 2027 |
| T••••• G••••• L•• | term loan first lien | Not disclosed | $0 0c | S+550 bp | May 25, 2029 |
| N••••••••• G•••••• C••••••• F••• L•• | equity equity | Not disclosed | $0 | ||
| M••• M••• L•• | term loan first lien | Not disclosed | $0 0c | S+575 bp | Nov 10, 2028 |
| U••••••• d••• s••••••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| U••••••• e••••• s••••••••• | unstated lien unstated | Not disclosed | Not disclosed |
Page 1 of 1
Registration
- Fiscal year end
- 1231reported
- Incorporated
- DEreported
- On the SEC BDC report
- 2022 to 2026reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Former names
- L•••••••• S••••• Empire BDC, Inc.; L•••••••• S••••• Empire BDC, LLCreported
- Latest schedule
- 0001628280-26-051793reported