DFX Intelligence
Private Credit Intelligence
The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.
BDC portfolio
Lafayette Square USA, Inc.
Fair value
$984M
as of Jun 30, 2026
Principal held
$881M
debt pieces, the filer's figure
Cost
$996M
99c on cost
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
4 sponsors financed
Portfolio through time
Fair value by quarter end$984M as of Jun 30, 2026
Dec 31, 2021$0 then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $984M | 62 | 99c | 1 | 671 bp |
| Mar 31, 2026 | $822M | 58 | 99c | 1 | 672 bp |
| Dec 31, 2025 | $849M | 60 | 100c | 1 | 664 bp |
| Sep 30, 2025 | $747M | 50 | 100c | 1 | 667 bp |
| Jun 30, 2025 | $732M | 48 | 100c | 1 | 661 bp |
| Mar 31, 2025 | $669M | 45 | 100c | 1 | 654 bp |
| Dec 31, 2024 | $1.2B | 46 | 100c | 2 | 677 bp |
| Sep 30, 2024 | $461M | 31 | 100c | 1 | 684 bp |
| Jun 30, 2024 | $422M | 28 | 101c | 1 | 685 bp |
| Mar 31, 2024 | $331M | 24 | 101c | 1 | 705 bp |
| Dec 31, 2023 | $301M | 24 | 101c | 1 | 702 bp |
| Sep 30, 2023 | $170M | 14 | 100c | 1 | 715 bp |
| Jun 30, 2023 | $151M | 11 | 100c | 0 | 785 bp |
| Mar 31, 2023 | $131M | 9 | 100c | 0 | 788 bp |
| Dec 31, 2022 | $225M | 7 | 100c | 2 | 802 bp |
| Dec 31, 2021 | $0 | 2 | n/a | 0 | n/a |
Each quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
Counted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.
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
- 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
- New borrower on a BDC scheduleDec 31, 2025
- Spread increasedDec 31, 2025
- New borrower on a BDC scheduleDec 31, 2025
Largest facilities held, with co-lenders
- 160 Driving Academy first lien term loan1 BDC hold it · matures May 30, 2029 · Upper90$70.1M 86c
- Best Friends Pet Care Holdings Inc first lien term loan1 BDC hold it · matures Jun 21, 2028$47.8M 100c
- Ickler Electric Corporation first lien term loan1 BDC hold it · matures Apr 17, 2030$43.6M 100c
- Dance Nation Holdings LLC first lien term loan1 BDC hold it · matures Aug 24, 2028$41.7M 98c
- Tyler Distribution Centers LLC first lien term loan1 BDC hold it · matures Mar 12, 2030$40.0M 100c
- Flatworld Intermediate Corp first lien term loan3 BDCs hold it · matures Mar 25, 2030$39.5M 100c
- Rotolo Consultants, Inc first lien term loan2 BDCs hold it · matures Jan 31, 2031$37.6M 100c
- truCurrent LLC first lien term loan1 BDC hold it · matures Feb 12, 2029$36.4M 100c
- Core Capital Partners II-S LP first lien term loan1 BDC hold it · matures Oct 11, 2027$34.2M 101c
- Xpect Solutions, LLC first lien term loan1 BDC hold it · matures Oct 7, 2029 · Newspring Capital$30.4M 98c
- MSPB MSO, LLC first lien term loan1 BDC hold it · matures Nov 10, 2028$27.4M 100c
- CentralBDC Enterprises, LLC first lien term loan2 BDCs hold it · matures Jun 11, 2029$24.6M 98c
Schedule of investments at Jun 30, 2026
153 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| Akoma Capital Advisory LLC | term loan first lien | $600,000 | $594,000 100c | S+700 bp | Mar 31, 2029 |
| 160 Driving Academy (a/k/a Rock Gate Capital, LLC) | term loan first lien | $712,000 | $591,000 87c | S+675 bp | May 30, 2029 |
| Direct Digital Holdings, LLC | term loan first lien | $510,000 | $510,000 100c | S+1000 bp | Dec 3, 2026 |
| Capital City LLC | term loan first lien | $477,000 | $475,000 100c | S+800 bp | Sep 20, 2029 |
| 160 Driving Academy (a/k/a Rock Gate Capital, LLC) | term loan first lien | $541,000 | $449,000 87c | S+675 bp | May 30, 2029 |
| 160 Driving Academy (a/k/a Rock Gate Capital, LLC) | term loan first lien | $530,000 | $440,000 87c | S+675 bp | May 30, 2029 |
| Synergi, LLC | term loan first lien | $250,000 | $250,000 105c | S+745 bp | Dec 17, 2027 |
| OWP International LLC | term loan first lien | $240,000 | $238,000 103c | S+575 bp | Nov 20, 2030 |
| Straine Dental Management, LLC | term loan first lien | $123,000 | $123,000 107c | S+724 bp | Nov 25, 2030 |
| Samaha & Associates LLC | term loan first lien | $100,000 | $99,000 122c | S+625 bp | May 14, 2031 |
| Patti's Good Life LLC | equity equity | n/a | $69,000 100c | ||
| Tyler Distribution Centers LLC | term loan first lien | $0 | $0 0c | S+465 bp | Mar 12, 2030 |
| MediVisuals Solutions Inc | term loan first lien | $0 | $0 0c | S+675 bp | May 27, 2031 |
| Soapy Joe's Midco OC Holdings LLC | term loan first lien | $0 | $0 | S+585 bp | Apr 22, 2030 |
| DRS Imaging Services LLC | term loan first lien | $0 | $0 0c | S+600 bp | Mar 28, 2030 |
| Electro Technical Industries, LLC | term loan first lien | $0 | $0 0c | S+550 bp | Mar 31, 2030 |
| Genuine Food Lab LLC | term loan first lien | $0 | $0 0c | S+815 bp | Jun 6, 2030 |
| Xpect Solutions, LLC | term loan first lien | $0 | $0 0c | S+590 bp | Oct 7, 2029 |
| Sand Lake Outsourcing Intermediate, LLC | term loan first lien | $0 | $0 0c | S+650 bp | Jan 28, 2031 |
| ZWR Holdings, Inc. | warrants equity | n/a | $0 | Feb 16, 2027 | |
| Prime IV Hydration & Wellness Inc. | First lien senior secur | term loan first lien | $0 | $0 0c | S+650 bp | Nov 25, 2030 |
| SMG Operating Company, LLC | term loan first lien | $0 | $0 0c | S+500 bp | Dec 5, 2030 |
| Flatworld Intermediate Corporation | term loan first lien | $0 | $0 0c | S+545 bp | Mar 25, 2030 |
| 160 Driving Academy (a/k/a Rock Gate Capital, LLC) | warrants equity | n/a | $0 | May 30, 2029 | |
| Ally Medical Holdings, LLC | term loan first lien | $0 | $0 0c | S+700 bp | Jan 15, 2030 |
| Ickler Electric Corporation | warrants equity | n/a | $0 | Apr 17, 2030 | |
| Liberty Lenwich Holdings LLC | term loan first lien | $0 | $0 0c | S+500 bp | Feb 28, 2030 |
| Mission Critical Group LLC | term loan first lien | $0 | $0 0c | S+525 bp | Oct 1, 2030 |
| MediVisuals Solutions Inc | term loan first lien | $0 | $0 0c | S+675 bp | May 27, 2031 |
| Lafayette Square Mortgage Solutions, LLC | term loan first lien | $0 | $0 | S+650 bp | Nov 6, 2030 |
| Liberty Lenwich Holdings LLC | term loan first lien | $0 | $0 0c | S+500 bp | Feb 28, 2030 |
| Mission Critical Group LLC | term loan first lien | $0 | $0 0c | S+525 bp | Oct 1, 2030 |
| NW1LS CO-INVEST LP | unstated lien unstated | n/a | n/a | ||
| LSA Affordable Housing LP | unstated lien unstated | n/a | n/a | ||
| GELDO Inc. | unstated lien unstated | n/a | n/a | ||
| Worker Solutions LLC | unstated lien unstated | n/a | n/a | ||
| Sparrow Rock, Inc. | unstated lien unstated | n/a | n/a | ||
| Lafayette Square Technologies, LLC | unstated lien unstated | n/a | n/a | ||
| Patti's Good Life LLC | unstated lien unstated | n/a | n/a | ||
| 3360 Frankford LLC | unstated lien unstated | n/a | n/a | ||
| IVM GK9 Holdings LLC | unstated lien unstated | n/a | n/a | ||
| Truly Redlands LLC. | unstated lien unstated | n/a | n/a | ||
| Neighborhood Grocery Catalyst Fund LLC | unstated lien unstated | n/a | n/a | ||
| Unfunded equity securities | unstated lien unstated | n/a | n/a | ||
| Cash and Cash Equivalents | Money market fund | unstated lien unstated | n/a | n/a | ||
| Lafayette Square SBLC, LLC | unstated lien unstated | n/a | n/a | ||
| SHaD Momentum LLC | unstated lien unstated | n/a | n/a | ||
| Liberty Top Holdings, LLC | unstated lien unstated | n/a | n/a | ||
| Unfunded debt securities | unstated lien unstated | n/a | n/a | ||
| Patti's Good Life LLC | unstated lien unstated | n/a | n/a | ||
| Lafayette Square Life Company LLC | unstated lien unstated | n/a | n/a | ||
| Lafayette Square Mortgage Solutions, LLC | unstated lien unstated | n/a | n/a | ||
| Studio Lafayette, LLC. | unstated lien unstated | n/a | n/a |
Page 2 of 2Previous
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
- Lafayette Square Empire BDC, Inc.; Lafayette Square Empire BDC, LLCreported
- Latest schedule
- 0001628280-26-051793reported