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
Goldman Sachs Middle Market Lending Corp. II
Fair value
$883M
as of Jun 30, 2025
Principal held
$1.1B
debt pieces, the filer's figure
Cost
$882M
100c on cost
Unfunded
n/a
commitments not yet drawn
Positions
257
90 borrowers
First lien
99%
99% debt by fair value
Quarters on the tape
11
since Dec 31, 2022
Facilities held
0
0 sponsors financed
Portfolio through time
Fair value by quarter end$883M as of Jun 30, 2025
Dec 31, 2021$46.1M then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2025 | $883M | 90 | 100c | 15 | 555 bp |
| Mar 31, 2025 | $5.4B | 91 | 100c | 19 | 567 bp |
| Dec 31, 2024 | $5.2B | 91 | 100c | 19 | 572 bp |
| Sep 30, 2024 | $5.0B | 90 | 101c | 16 | 578 bp |
| Jun 30, 2024 | $3.7B | 84 | 100c | 10 | 596 bp |
| Mar 31, 2024 | $3.2B | 63 | 101c | 12 | 615 bp |
| Dec 31, 2023 | $4.2B | 59 | 100c | 26 | 636 bp |
| Sep 30, 2023 | $1.4B | 47 | 99c | 15 | 642 bp |
| Jun 30, 2023 | n/a | 41 | n/a | 8 | 641 bp |
| Mar 31, 2023 | n/a | 36 | n/a | 9 | 628 bp |
| Dec 31, 2022 | $809M | 34 | 99c | 6 | 631 bp |
| Dec 31, 2021 | $46.1M | 1 | 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 lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- Maturity extended (observed)Jun 30, 2025
- Lender left a facilityMar 31, 2025
- Lender left a facilityMar 31, 2025
- New lender joined a facilityMar 31, 2025
- Marked down (one lender)Mar 31, 2025
Largest facilities held, with co-lenders
Schedule of investments at Jun 30, 2025
257 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| Prophix Software Inc. (dba Pound Bidco) Financial Services | term loan first lien | $22.5M | $22.4M 100c | SOFR+600 bp | Feb 1, 2027 |
| Valet Waste Holdings, Inc. (dba Valet Living) Commercial Services & Supplies | term loan first lien | $20.8M | $20.4M 99c | SOFR+600 bp | May 1, 2029 |
| NCWS Intermediate, Inc. (dba National Carwash Solutions) Trading Companies & Distributors | term loan first lien | $21.5M | $20.2M 95c | SOFR+550 bp PIK 2.25% | Dec 31, 2029 |
| Governmentjobs.com, Inc. (dba NeoGov) Software | term loan first lien | $19.5M | $19.4M 100c | SOFR+500 bp | Dec 1, 2028 |
| Clearcourse Partnership Acquireco Finance Limited IT Services | term loan first lien | $14.1M | $18.8M 111c | SONIA+875 bp PIK 9.85% | Jul 25, 2028 |
| iCIMS, Inc. Professional Services | term loan first lien | $19.2M | $18.4M 96c | SOFR+575 bp | Aug 18, 2028 |
| Coretrust Purchasing Group LLC Financial Services | term loan first lien | $18.0M | $17.9M 102c | SOFR+525 bp | Oct 1, 2029 |
| QBS Parent, Inc. (dba Quorum Software) | term loan first lien | $17.9M | $17.8M 100c | SOFR+450 bp | Jun 3, 2032 |
| Artifact Bidco, Inc. (dba Avetta) Software | term loan first lien | $17.6M | $17.5M 100c | SOFR+425 bp | Jul 28, 2031 |
| PT Intermediate Holdings III, LLC (dba Parts Town) Trading Companies & Distributors | term loan first lien | $17.5M | $17.2M 99c | SOFR+500 bp PIK 1.75% | Apr 9, 2030 |
| Priority Holdings, LLC (dba Priority Payment) Financial Services | term loan first lien | $16.3M | $16.3M 101c | SOFR+475 bp | May 16, 2031 |
| Vamos Bidco, Inc. (dba VIP) Software | term loan first lien | $16.2M | $16.1M 100c | SOFR+475 bp | Jan 30, 2032 |
| Computer Services, Inc. Financial Services | term loan first lien | $15.5M | $15.5M 104c | SOFR+525 bp | Nov 15, 2029 |
| NC Topco, LLC (dba NContracts) Software | term loan first lien | $15.3M | $15.1M 100c | SOFR+450 bp | Sep 1, 2031 |
| Runway Bidco, LLC (dba Redwood Software) | term loan first lien | $15.2M | $15.1M 100c | SOFR+500 bp | Dec 17, 2031 |
| Aurora Acquireco, Inc. (dba AuditBoard) Software | term loan first lien | $15.0M | $14.8M 100c | SOFR+475 bp | Jul 14, 2031 |
| United Flow Technologies Intermediate Holdco II, LLC Trading Companies & Distributors | term loan first lien | $14.9M | $14.7M 100c | SOFR+525 bp | Jun 23, 2031 |
| Summit Buyer, LLC (dba Classic Collision) Specialty Retail | term loan first lien | $14.2M | $14.2M 101c | SOFR+500 bp | Jun 2, 2031 |
| Spectrum Safety Solutions Purchaser, LLC (dba Carrier Industrial Fire) Machinery | term loan first lien | $13.8M | $13.7M 100c | SOFR+475 bp | Jul 1, 2031 |
| Legends Hospitality Holding Company, LLC (fka ASM Buyer, Inc.) Commercial Services & Supplies | term loan first lien | $13.0M | $12.8M 101c | SOFR+550 bp PIK 2.75% | Aug 22, 2031 |
| Crewline Buyer, Inc. (dba New Relic) Software | term loan first lien | $11.1M | $11.0M 101c | SOFR+675 bp | Nov 8, 2030 |
| Clearcourse Partnership Acquireco Finance Limited IT Services | term loan first lien | $11.3M | $11.0M 107c | SONIA+875 bp PIK 9.85% | Jul 25, 2028 |
| Zeus Company LLC Health Care Equipment & Supplies | term loan first lien | $11.1M | $11.0M 100c | SOFR+550 bp | Feb 28, 2031 |
| Spotless Brands, LLC Diversified Consumer Services | term loan first lien | $10.4M | $10.4M 102c | SOFR+575 bp | Jul 25, 2028 |
| Sunshine Cadence HoldCo, LLC (dba Cadence Education) | term loan first lien | $10.5M | $10.4M 100c | SOFR+500 bp | May 1, 2031 |
| Fullsteam Operations LLC Financial Services | term loan first lien | $9.8M | $9.8M 103c | SOFR+825 bp | Nov 27, 2029 |
| K2 Towers III, LLC Wireless Telecommunication Services | term loan first lien | $10.0M | $9.7M 100c | SOFR+655 bp | Dec 6, 2028 |
| AQ Sunshine, Inc. (dba Relation Insurance) | term loan first lien | $9.5M | $9.4M 100c | SOFR+525 bp | Jul 24, 2031 |
| Zarya HoldCo, Inc. (dba Eptura) Real Estate Mgmt. & Development | term loan first lien | $9.4M | $9.3M 100c | SOFR+650 bp | Jul 1, 2027 |
| Sonar Acquisitionco, Inc. (dba SimPRO) Construction & Engineering | term loan first lien | $14.0M | $9.1M 99c | //www.goldmansachsbdc.com/20250630#Bank Bill Swap Rate BBSW+475 bp | Oct 24, 2030 |
| NAVEX TopCo, Inc. Software | term loan first lien | $9.1M | $9.1M 101c | SOFR+550 bp | Nov 8, 2030 |
| Recorded Books Inc. (dba RBMedia) Media | term loan first lien | $9.1M | $9.0M 101c | SOFR+575 bp | Sep 3, 2030 |
| Zarya HoldCo, Inc. (dba Eptura) Real Estate Mgmt. & Development | term loan first lien | $8.9M | $8.9M 99c | SOFR+650 bp | Jul 1, 2027 |
| Blast Bidco Inc. (dba Bazooka Candy Brands) Consumer Staples Distribution & Retail | term loan first lien | $8.8M | $8.6M 100c | SOFR+600 bp | Oct 4, 2030 |
| iWave Information Systems, Inc. Software | term loan first lien | $8.7M | $8.6M 100c | SOFR+625 bp | Nov 23, 2028 |
| Project Accelerate Parent, LLC (dba ABC Fitness) Financial Services | term loan first lien | $8.7M | $8.6M 100c | SOFR+525 bp | Feb 24, 2031 |
| United Flow Technologies Intermediate Holdco II, LLC Trading Companies & Distributors | term loan first lien | $8.3M | $8.2M 100c | SOFR+525 bp | Jun 23, 2031 |
| North Star Acquisitionco, LLC (dba Everway) Software | term loan first lien | $8.1M | $8.1M 100c | SOFR+450 bp | May 3, 2029 |
| US Signal Company, LLC IT Services | term loan first lien | $8.0M | $7.9M 100c | SOFR+550 bp | Sep 4, 2029 |
| PDDS Holdco, Inc. (dba Planet DDS) Health Care Technology | term loan first lien | $7.8M | $7.8M 101c | SOFR+750 bp | Jul 18, 2028 |
| Admiral Buyer, Inc. (dba Fidelity Payment Services) Financial Services | term loan first lien | $7.7M | $7.7M 100c | SOFR+500 bp | Dec 6, 2029 |
| Frontgrade Technologies Holdings Inc. Aerospace & Defense | term loan first lien | $7.6M | $7.5M 101c | SOFR+500 bp | Jan 9, 2030 |
| VASA Fitness Buyer, Inc. Diversified Consumer Services | term loan first lien | $7.2M | $7.2M 102c | SOFR+750 bp | Aug 14, 2028 |
| Paris US Holdco, Inc. (dba Precinmac) Machinery | term loan first lien | $7.2M | $7.1M 100c | SOFR+475 bp | Dec 2, 2031 |
| GovDelivery Holdings, LLC (dba Granicus, Inc.) Software | term loan first lien | $6.8M | $6.8M 101c | SOFR+575 bp PIK 2.25% | Jan 17, 2031 |
| Singlewire Software, LLC Software | term loan first lien | $6.7M | $6.6M 101c | SOFR+525 bp | May 10, 2029 |
| CST Holding Company (dba Intoxalock) Diversified Consumer Services | term loan first lien | $6.6M | $6.6M 103c | SOFR+500 bp | Nov 1, 2028 |
| ABC Investment Holdco Inc. (dba ABC Plumbing) Diversified Consumer Services | term loan first lien | $6.7M | $6.5M 99c | SOFR+600 bp | Apr 26, 2029 |
| CI (Quercus) Intermediate Holdings, LLC (dba SavATree) Diversified Consumer Services | term loan first lien | $6.6M | $6.5M 100c | SOFR+500 bp | Jun 6, 2031 |
| BCPE HIPH Parent, Inc. (dba Harrington Industrial Plastics) Trading Companies & Distributors | term loan first lien | $6.6M | $6.4M 99c | SOFR+575 bp | Oct 7, 2030 |
| Tarpon Towers II LLC Wireless Telecommunication Services | term loan first lien | $6.3M | $6.3M 100c | SOFR+683 bp | Feb 1, 2029 |
| Kene Acquisition, Inc. (dba Entrust) Commercial Services & Supplies | term loan first lien | $6.3M | $6.3M 101c | SOFR+525 bp | Feb 7, 2031 |
| EIP Consolidated, LLC (dba Everest Infrastructure) Wireless Telecommunication Services | term loan first lien | $6.3M | $6.2M 100c | SOFR+625 bp | Dec 7, 2028 |
| Thor FinanceCo LLC (dba Harmoni Towers) Wireless Telecommunication Services | term loan first lien | $6.2M | $6.2M 100c | SOFR+700 bp | Aug 24, 2028 |
| BSI3 Menu Buyer, Inc (dba Kydia) Financial Services | term loan first lien | $6.2M | $6.2M 100c | SOFR+600 bp | Jan 25, 2028 |
| EDB Parent, LLC (dba Enterprise DB) Software | term loan first lien | $6.2M | $6.1M 100c | SOFR+675 bp | Jul 7, 2028 |
| Vardiman Black Holdings, LLC (dba Specialty Dental Brands) Health Care Providers & Services | term loan first lien | $7.7M | $5.9M 77c | SOFR+500 bp PIK 6.42% | Mar 18, 2027 |
| PDDS Holdco, Inc. (dba Planet DDS) Health Care Technology | term loan first lien | $6.7M | $5.9M 100c | SOFR+750 bp | Jul 18, 2028 |
| USA DeBusk, LLC Commercial Services & Supplies | term loan first lien | $5.9M | $5.9M 101c | SOFR+525 bp | Apr 30, 2031 |
| Towerco IV Holdings, LLC Wireless Telecommunication Services | term loan first lien | $6.7M | $5.8M 101c | SOFR+375 bp | Aug 31, 2028 |
| Rocket Bidco, Inc. (dba Recochem) Chemicals | term loan first lien | $7.9M | $5.8M 103c | //www.goldmansachsbdc.com/20250630#Canadian Overnight Repo Rate Average CORRA+575 bp | Nov 1, 2030 |
| MerchantWise Solutions, LLC (dba HungerRush) Financial Services | term loan first lien | $6.3M | $5.7M 92c | SOFR+750 bp PIK 4.50% | Jun 1, 2028 |
| Frontgrade Technologies Holdings Inc. Aerospace & Defense | term loan first lien | $5.8M | $5.7M 100c | SOFR+500 bp | Jan 9, 2030 |
| Engage2Excel, Inc. Professional Services | term loan first lien | $5.8M | $5.7M 99c | SOFR+650 bp | Jul 1, 2029 |
| Ortholite, LLC Textiles, Apparel & Luxury Goods | term loan first lien | $5.7M | $5.6M 100c | SOFR+625 bp | Sep 29, 2027 |
| Circustrix Holdings, LLC (dba SkyZone) Leisure Products | term loan first lien | $5.6M | $5.5M 101c | SOFR+650 bp | Jul 18, 2028 |
| Guidepoint Security Holdings, LLC (fka GPS Phoenix Buyer, Inc.) IT Services | term loan first lien | $5.4M | $5.4M 101c | SOFR+525 bp | Oct 2, 2029 |
| Octane Purchaser, Inc. (dba Office Ally) Health Care Technology | term loan first lien | $5.3M | $5.3M 100c | SOFR+425 bp | May 19, 2032 |
| Onyx CenterSource, Inc. Software | term loan first lien | $5.4M | $5.3M 101c | SOFR+525 bp | Dec 14, 2029 |
| AI Titan Parent, Inc. (dba Prometheus) Software | term loan first lien | $5.1M | $5.1M 100c | SOFR+450 bp | Aug 29, 2031 |
| FS WhiteWater Borrower, LLC (fka Whitewater Holding Company LLC) Diversified Consumer Services | term loan first lien | $5.1M | $5.1M 101c | SOFR+500 bp | Dec 21, 2029 |
| Rocket Bidco, Inc. (dba Recochem) Chemicals | term loan first lien | $4.9M | $4.9M 102c | SOFR+575 bp | Nov 1, 2030 |
| Summit Buyer, LLC (dba Classic Collision) Specialty Retail | term loan first lien | $7.8M | $4.9M 101c | SOFR+500 bp | Jun 2, 2031 |
| Buckeye Acquiror LLC (dba Superior Environmental Solutions) Commercial Services & Supplies | term loan first lien | $4.7M | $4.7M 101c | SOFR+650 bp | Aug 1, 2029 |
| Fullsteam Operations LLC Financial Services | term loan first lien | $7.2M | $4.4M 100c | SOFR+700 bp | Nov 27, 2029 |
| Highfive Dental Holdco, LLC Health Care Providers & Services | term loan first lien | $4.1M | $4.0M 100c | SOFR+675 bp | Jun 13, 2028 |
| Mandrake Bidco, Inc. (dba Miratech) Machinery | term loan first lien | $4.1M | $4.0M 100c | SOFR+475 bp | Aug 20, 2031 |
| Spectrum Safety Solutions Purchaser, LLC (dba Carrier Industrial Fire) Machinery | term loan first lien | $3.4M | $4.0M 109c | //fasb.org/us-gaap/2025#Eurodollar+475 bp | Jul 1, 2031 |
| DFS Holding Company, Inc. Distributors | term loan first lien | $4.1M | $3.9M 98c | SOFR+700 bp | Jan 31, 2029 |
| Computer Services, Inc. Financial Services | term loan first lien | $3.7M | $3.7M 101c | SOFR+525 bp | Nov 15, 2029 |
| Southeast Mechanical, LLC Diversified Consumer Services | term loan first lien | $15.3M | $3.6M 101c | SOFR+600 bp | Jul 6, 2027 |
| CloudBees, Inc. Software | term loan first lien | $3.6M | $3.6M 102c | SOFR+700 bp PIK 2.50% | Nov 24, 2026 |
| BCPE HIPH Parent, Inc. (dba Harrington Industrial Plastics) Trading Companies & Distributors | term loan first lien | $5.2M | $3.5M 98c | SOFR+575 bp | Oct 7, 2030 |
| Chess.com, LLC (fka Checkmate Finance Merger Sub, LLC) Entertainment | term loan first lien | $3.5M | $3.5M 100c | SOFR+600 bp | Dec 31, 2027 |
| IMO Investor Holdings, Inc. (fka Intelligent Medical Objects, Inc.) Health Care Technology | term loan first lien | $3.5M | $3.5M 100c | SOFR+500 bp | May 11, 2029 |
| Southeast Mechanical, LLC Diversified Consumer Services | term loan first lien | $3.4M | $3.4M 100c | SOFR+600 bp | Jul 6, 2027 |
| SpendMend Holdings LLC Health Care Providers & Services | term loan first lien | $3.4M | $3.4M 100c | SOFR+500 bp | Mar 1, 2028 |
| EIP Consolidated, LLC (dba Everest Infrastructure) Wireless Telecommunication Services | term loan first lien | $3.7M | $3.3M 100c | SOFR+625 bp | Dec 7, 2028 |
| Urology Management Holdings, Inc. (dba Solaris Health) Health Care Providers & Services | term loan first lien | $3.3M | $3.3M 101c | SOFR+550 bp | Jun 15, 2027 |
| Skyway Towers Intermediate LLC Wireless Telecommunication Services | term loan first lien | $3.2M | $3.2M 100c | SOFR+661 bp | Dec 22, 2028 |
| Sonar Acquisitionco, Inc. (dba SimPRO) Construction & Engineering | term loan first lien | $14.2M | $3.2M 98c | SOFR+475 bp | Oct 24, 2030 |
| Coding Solutions Acquisition, Inc. (dba CorroHealth) Health Care Providers & Services | term loan first lien | $3.1M | $3.1M 100c | SOFR+500 bp | Aug 7, 2031 |
| WebPT, Inc. I Health Care Technology | term loan first lien | $3.2M | $3.1M 96c | SOFR+625 bp | Jan 18, 2028 |
| Fullsteam Operations LLC Financial Services | term loan first lien | $3.1M | $3.1M 103c | SOFR+825 bp | Nov 27, 2029 |
| North Star Acquisitionco, LLC (dba Everway) Software | term loan first lien | $3.1M | $3.1M 99c | SOFR+450 bp | May 3, 2029 |
| Arrow Buyer, Inc. (dba Archer Technologies) Software | term loan first lien | $2.9M | $2.9M 101c | SOFR+500 bp | Jul 1, 2030 |
| VisionSafe Holdings, Inc. Aerospace & Defense | term loan first lien | $2.9M | $2.9M 100c | SOFR+550 bp | Apr 19, 2030 |
| Frontgrade Technologies Holdings Inc. Aerospace & Defense | term loan first lien | $2.6M | $2.5M 99c | SOFR+500 bp | Jan 9, 2030 |
| Southeast Mechanical, LLC Diversified Consumer Services | term loan first lien | $2.4M | $2.4M 100c | SOFR+600 bp | Jul 6, 2027 |
| North Star Acquisitionco, LLC (dba Everway) Software | term loan first lien | $23.1M | $2.3M 106c | //www.goldmansachsbdc.com/20250630#Norwegian Interbank Offered Rate NIBOR+450 bp | May 3, 2029 |
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Registration
- Fiscal year end
- 1231reported
- Incorporated
- DEreported
- On the SEC BDC report
- 2023 to 2025reported
- Filings listed
- 15reported10-Q and 10-K since 2022
- Former names
- Goldman Sachs Middle Market Lending LLC IIreported
- Latest schedule
- 0000950170-25-107356reported