DFX Intelligence

The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.

W•• F••• X• I•••

Business development companymanaged by W•••••• T••••••••• I••••••••• ••••Non-traded· PORTOLA VALLEY, CA

A non-traded business development company, managed by W•••••• T••••••••• I••••••••• ••••, holding $324M across 109 borrowers at Jun 30, 2026.

Composed from this BDC's filings and its latest schedule of investments.

As of 2026-06-30 · the latest schedule of investments read for this BDC

Fair value: $324M
Borrowers: 109
Mark on cost: 89.7¢
First lien: 100%

Schedule of investments (176)Quarter by quarter Sponsors

As of 2026-06-30 · the latest schedule of investments read for this BDC

What matters now

27 below 80¢
$73.8M principal
27 positions across 27 borrowers marked below 80¢ on cost, $73.8M principal.
Q2 2026 · Marks this low usually come before non-accrual or a restructuring.
Derivedeach position's fair value over cost, 30 Jun 2026
$426M → $324M
fair value, 4 quarters
Its portfolio shrank 24% at fair value over the last four quarters.
Q2 2026 · The book is shrinking.
Factthe schedule's fair value, a year apartQuarter by quarter →

Every headline figure, and the identifiersCIK 1850938 · file 814-01414Show

Fair value

$324M

as of Jun 30, 2026

Principal held

$402M

debt pieces, the filer's figure

Cost

$362M

90c on cost, debt pieces

Unfunded

$85.8M

commitments not yet drawn

Positions

176

109 borrowers

First lien

100%

100% debt by fair value

Quarters on the tape

since Dec 31, 2022

Facilities held

123

2 sponsors financed

Portfolio through time

Fair value by quarter end$324M as of Jun 30, 2026

Dec 31, 2022$268M then

Quarter	Fair value	Borrowers	On cost	Avg spread
Jun 30, 2026	$324M	109	90c	n/a
Mar 31, 2026	$335M	108	91c	n/a
Dec 31, 2025	$398M	114	92c	n/a
Sep 30, 2025	$408M	122	92c	n/a

All 15 quarters

Quarter	Fair value	Borrowers	On cost	Avg spread
Jun 30, 2025	$426M	127	92c	n/a
Mar 31, 2025	$452M	132	93c	n/a
Dec 31, 2024	$871M	133	94c	n/a
Sep 30, 2024	$430M	139	93c	n/a
Jun 30, 2024	$381M	138	93c	n/a
Mar 31, 2024	$395M	140	96c	n/a
Dec 31, 2023	$447M	141	96c	n/a
Sep 30, 2023	$370M	135	96c	n/a
Jun 30, 2023	$328M	128	98c	n/a
Mar 31, 2023	$300M	117	98c	n/a
Dec 31, 2022	$268M	111	98c	n/a

Sponsors financed

No borrower on this schedule has a sponsor attribution yet.

What changed

New borrower on a BDC scheduleJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked
New borrower on a BDC scheduleJun 30, 2026
••• Locked

Full timeline · 20 events

New lender joined a facilityJun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
Marked down (one lender)Jun 30, 2026
••• Locked
New borrower on a BDC scheduleMar 31, 2026
••• Locked
New borrower on a BDC scheduleMar 31, 2026
••• Locked
New borrower on a BDC scheduleMar 31, 2026
••• Locked
Lender left a facilityMar 31, 2026
••• Locked

Every position change, including routine ones

Largest facilities held, with co-lenders

M••••• M•••• I•• first lien term loan
2 BDCs hold it
$28.5M 100c
U•••• L••• I•• first lien term loan
2 BDCs hold it
$24.0M 100c
H••••• G••••• E••••••••• I•• first lien term loan
1 BDC hold it
$23.3M 134c
G••••••••• I•• first lien term loan
1 BDC hold it
$20.4M 50c
N••••••• E••••••••• I•• first lien term loan
1 BDC hold it
$15.6M 100c
I••••••••• L•• first lien term loan
2 BDCs hold it
$12.4M 100c
N••••••••• I•• first lien term loan
1 BDC hold it
$10.7M 100c
B••••••• D••••• L•• first lien term loan
2 BDCs hold it
$10.6M 100c
S••• S••••••••• I•• first lien term loan
2 BDCs hold it
$8.9M 100c
L••• T••••••••• I•• first lien term loan
2 BDCs hold it
$8.6M 100c
K••• H••••••• L•••••• first lien term loan
2 BDCs hold it
$8.6M 100c
R••••• F•••• first lien term loan
1 BDC hold it · possible sponsor S•• V•••••••
$8.0M 100c

Schedule of investments at Mar 31, 2023

203 positions

Borrower	Instrument	Principal	Fair value	Rate
U•• D•••••• H•••••• I•••	term loan first lien	$865,608	$848,727 100c	12.00%
A••••• S••••••• I•••	term loan first lien	$903,197	$846,094 100c	12.00%
i••••••••• I•••	term loan first lien	$1.6M	$828,973 100c	11.50%
K••••• I•••	term loan first lien	$798,827	$765,642 100c	11.50%
S••• A••••••••• C•••••• I•••	term loan first lien	$750,000	$741,793 100c	14.00%
S••••• M•••••• I•••	term loan first lien	$750,000	$724,740 100c	11.00%
U•• D•••••• H•••••• I•••	term loan first lien	$764,350	$718,918 100c	12.00%
T••••••• A•••• I•••	term loan first lien	$750,000	$718,799 100c	12.00%
C•••••• L••••••	term loan first lien	$750,000	$706,190 100c	11.80%
G•••••• I•••	term loan first lien	$750,000	$696,824 100c	14.00%
M•••••• I•••	term loan first lien	$905,279	$663,030 76c	12.50%
A•••••••• I•••	term loan first lien	$625,000	$624,810 100c	11.00%
W•••••• I•••	term loan first lien	$633,354	$618,871 100c	12.00%
C•••••••• I•••	term loan first lien	$662,249	$615,987 100c	12.00%
A•••••••• I•••	term loan first lien	$625,000	$579,552 100c	11.00%
D••••••• I•••	term loan first lien	$1.3M	$563,184 48c	11.00%
H•••• H••••••• I•••	term loan first lien	$625,000	$549,286 100c	13.00%
N•• L••• H•••••• I•••	term loan first lien	$1.5M	$501,329 36c	11.50%
H••••••••• I•••	term loan first lien	$500,000	$500,000 100c	11.00%
C••••• S••• I••	term loan first lien	$500,000	$499,993 100c	11.00%
J•••••• B•••••••• I•••	term loan first lien	$500,000	$499,993 100c	11.00%
O••••••• I•••	term loan first lien	$500,000	$491,892 100c	11.50%
F••• R••••••• I•••	term loan first lien	$500,000	$491,751 100c	11.00%
F••• R••••••• I•••	term loan first lien	$500,000	$490,271 100c	11.00%
O••• I•••	term loan first lien	$500,000	$489,879 100c	14.80%
F••• R••••••• I•••	term loan first lien	$500,000	$489,474 100c	11.00%
V•••••• H•••••••• I•••	term loan first lien	$500,000	$486,006 100c	12.30%
G••••••• I•••	term loan first lien	$500,000	$483,907 100c	11.50%
R••• G••••••• I•••	term loan first lien	$500,000	$483,688 100c	11.80%
H•••• I•••	term loan first lien	$500,000	$479,857 100c	15.50%
O••••••• I•••	term loan first lien	$500,000	$476,031 100c	11.50%
R•••• T••••••••• I•••	term loan first lien	$478,000	$469,139 100c	11.00%
O••• I•••	term loan first lien	$500,000	$466,444 100c	13.50%
J•••••• B•••••••• I•••	term loan first lien	$500,000	$464,628 100c	11.00%
H••••••••• I•••	term loan first lien	$500,000	$463,015 100c	11.00%
O•••••••• I•••	term loan first lien	$500,000	$455,003 100c	13.50%
F••• R••••••• I•••	term loan first lien	$500,000	$453,233 100c	11.00%
A• S•••••••	term loan first lien	$466,112	$420,021 100c	12.50%
S•••••• I•••••••• I•••	term loan first lien	$422,157	$415,012 100c	12.00%
L•••••••• S•••••••• P••• L•••	term loan first lien	$500,000	$409,192 100c	11.50%
H•••••• H••••• I•••	term loan first lien	$750,000	$405,451 62c	13.50%
M•••• W••• C••••••	term loan first lien	$391,859	$378,097 100c	11.80%
F••••••• I•••	term loan first lien	$375,000	$365,687 100c	11.80%
J•••• P••••••• I•••	term loan first lien	$375,000	$361,833 100c	15.30%
O••• H••••••• C••	term loan first lien	$360,890	$356,041 100c	11.30%
O••• H••••••• C••	term loan first lien	$360,733	$346,415 100c	11.30%
T••• I•••	term loan first lien	$375,000	$331,233 100c	14.30%
O•••••••• I•••	term loan first lien	$250,000	$250,000 100c	15.50%
V•••••••• I•••	term loan first lien	$250,000	$250,000 100c	15.00%
C•••••• L••••••	term loan first lien	$250,000	$244,353 100c	14.00%
C•••••••• I•••	term loan first lien	$250,000	$243,724 100c	15.00%
B•••••••• I•••	term loan first lien	$250,000	$241,811 100c	14.80%
Z••• T••••••••• I•••	term loan first lien	$235,104	$235,101 100c	10.00%
K••• I•••	term loan first lien	$250,000	$220,735 100c	14.00%
V•••••••• I•••	term loan first lien	$250,000	$220,314 100c	14.80%
Y••• B••••••••• I•••	term loan first lien	$250,000	$216,344 100c	13.30%
Z••• T••••••••• I•••	term loan first lien	$235,104	$215,567 100c	10.00%
L••••• P•••• I•••	term loan first lien	$222,887	$215,165 100c	11.00%
C••••••• M•• I•••	term loan first lien	$610,702	$213,387 37c	12.00%
F••••••• I•••	term loan first lien	$243,994	$210,864 100c	11.80%
P••••••••• i•••	term loan first lien	$220,750	$204,183 100c	12.00%
C•••••••• I•••	term loan first lien	$250,000	$200,422 100c	15.00%
A•••••• I•••	term loan first lien	$282,626	$193,950 100c	12.50%
H•••••• H••••• I•••	term loan first lien	$362,058	$190,172 57c	12.50%
A•••••• I•••	term loan first lien	$188,417	$188,408 100c	12.50%
R•••• T••••••••• I•••	term loan first lien	$200,000	$157,396 100c	11.00%
T••• I•••	term loan first lien	$125,000	$121,701 100c	14.80%
P••••••••• i•••	term loan first lien	$125,000	$121,692 100c	12.00%
P••••••••• i•••	term loan first lien	$117,719	$114,946 100c	12.00%
P••••••••• i•••	term loan first lien	$125,000	$107,133 100c	13.80%
W••••••••• I•••	term loan first lien	$455,117	$60,665 15c	12.00%
R•••• I•••	term loan first lien	$3.7M	$36,744 1c	12.50%
T••••••••• I•••	term loan first lien	$691,909	$0 0c	18.00%
P••••••• S••••••• I••• O•••• T•••••••••	unstated lien unstated	Not disclosed	Not disclosed
H•••••• H••••• I••• O•••• T•••••••••	unstated lien unstated	Not disclosed	Not disclosed
M•••• A••••• H••••• I••• B•••••••••	term loan first lien	Not disclosed	Not disclosed
G••••••••• I••• O•••• H•••••••••	unstated lien unstated	Not disclosed	Not disclosed
J••• M•••••• I•••• W•••••••	unstated lien unstated	Not disclosed	Not disclosed
S•••••• S••••••• I••• S•••••••	unstated lien unstated	Not disclosed	Not disclosed
L•••••••• I••• O•••• T•••••••••	unstated lien unstated	Not disclosed	Not disclosed
Y••• B••••••••• I••• O•••• H•••••••••	unstated lien unstated	Not disclosed	Not disclosed
J•••• P••••••• I••• O•••• H•••••••••	unstated lien unstated	Not disclosed	Not disclosed
T••••••••• L•••••• T••••••••• Services	unstated lien unstated	Not disclosed	Not disclosed
A••••• I••• S•••••••	unstated lien unstated	Not disclosed	Not disclosed
S••••••••• I••• O•••• H•••••••••	unstated lien unstated	Not disclosed	Not disclosed
S••• A••••••••• C•••••• I••• O•••• T•••••••••	unstated lien unstated	Not disclosed	Not disclosed
L•••••••• S•••••••• P••• L••• O•••• T•••••••••	unstated lien unstated	Not disclosed	Not disclosed
B•••••••• I••• S•••••••	unstated lien unstated	Not disclosed	Not disclosed
P••••••••• I••• S•••••••	unstated lien unstated	Not disclosed	Not disclosed
V•••••• H•••••••• I••• O•••• T•••••••••	unstated lien unstated	Not disclosed	Not disclosed
C•••••••• I••• O•••• T•••••••••	unstated lien unstated	Not disclosed	Not disclosed
M•••• L•••• I•••• I•••••••	unstated lien unstated	Not disclosed	Not disclosed
A• S••••••• O•••• T•••••••••	unstated lien unstated	Not disclosed	Not disclosed
F•••• A••••••• G••••••••• O•••••••••	unstated lien unstated	Not disclosed	Not disclosed
H•••• H••••••• I••• S•••••••	unstated lien unstated	Not disclosed	Not disclosed
K••• I••• O•••• H•••••••••	unstated lien unstated	Not disclosed	Not disclosed
F••••••••• T••••••••• I••• S•••••••	unstated lien unstated	Not disclosed	Not disclosed
S•••••• F•••••• G•••• A•• S•••••••	unstated lien unstated	Not disclosed	Not disclosed
R•••• L•••••• I•••• I•••••••	unstated lien unstated	Not disclosed	Not disclosed
T••• I••• O•••• T•••••••••	unstated lien unstated	Not disclosed	Not disclosed

Page 2 of 3Previous Next

Registration

Fiscal year end: 1231reported
Incorporated: MDreported
On the SEC BDC report: 2022 to 2026reported
Filings listed: 19reported10-Q and 10-K since 2022
Latest schedule: 0001850938-26-000012reported