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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

BDC portfolio

G•••••• S•••• M••••• M••••• L•••••• C•••• I•

BDCnon-tradedCIK 1865174file 814-01461NEW YORK, NYmanaged by G•••••• S•••• A•••• M••••••••• L••

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

since Dec 31, 2022

Facilities held

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	70	101c	12	615 bp
Dec 31, 2023	$4.2B	65	100c	26	636 bp
Sep 30, 2023	$1.4B	50	99c	15	642 bp
Jun 30, 2023	n/a	42	n/a	8	641 bp
Mar 31, 2023	n/a	37	n/a	9	628 bp
Dec 31, 2022	$809M	35	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
G•••••• S•••• M••••• M••••• L•••••• C•••• I• joins N•••• S••• A••••••••• L•• term loan (first lien) held by 7 other BDCs
New lender joined a facilityJun 30, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I• joins S••••• A••••••••• I•• term loan (first lien) held by 9 other BDCs
New lender joined a facilityJun 30, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I• joins N• T••••• L•• term loan (first lien) held by 9 other BDCs
New lender joined a facilityJun 30, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I• joins P••••••• H•••••••• L•• term loan (first lien) held by 5 other BDCs
New lender joined a facilityJun 30, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I• joins R••••• B••••• I•• term loan (first lien) held by 8 other BDCs
New lender joined a facilityJun 30, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I• joins L•••••• H••••••••• H•••••• C••••••• L•• term loan (first lien) held by 14 other BDCs
New lender joined a facilityJun 30, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I• joins F• W••••••••• B•••••••• L•• term loan (first lien) held by 8 other BDCs
New lender joined a facilityJun 30, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I• joins G••••••••• S••••••• H•••••••• L•• term loan (first lien) held by 6 other BDCs
New lender joined a facilityJun 30, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I• joins P•••• U• H•••••• I•• term loan (first lien) held by 7 other BDCs
New lender joined a facilityJun 30, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I• joins V••••••• B•••• H•••••••• L•• term loan (first lien) held by 5 other BDCs
New lender joined a facilityJun 30, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I• joins B•••••• A••••••• L•• term loan (first lien) held by 4 other BDCs
New lender joined a facilityJun 30, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I• joins C•• H•••••• C•••••• term loan (first lien) held by 9 other BDCs
New lender joined a facilityJun 30, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I• joins U•••••• M••••••••• H•••••••• I•• term loan (first lien) held by 7 other BDCs
New lender joined a facilityJun 30, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I• joins I•• I••••••• H•••••••• I•• term loan (first lien) held by 4 other BDCs
New lender joined a facilityJun 30, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I• joins C••••••••• L•• term loan (first lien) held by 4 other BDCs
Maturity extended (observed)Jun 30, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I•: maturity extended in Q•• P•••••• I•• (2031-11-07 to 2032-06-03)
Lender left a facilityMar 31, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I• no longer holds R•••••• I•• term loan after 2025-03-31; 1 BDC(s) still hold it
Lender left a facilityMar 31, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I• no longer holds F••••••••• P••••• C••••••••• term loan after 2025-03-31; 1 BDC(s) still hold it
New lender joined a facilityMar 31, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I• joins A•••••• S••••••••• I•• term loan (first lien) held by 4 other BDCs
Marked down (one lender)Mar 31, 2025
G•••••• S•••• M••••• M••••• L•••••• C•••• I•: fair value markdown in N•••••••• A••••••••• H•••••• L•• (107 to 100 cents on cost)

Every position change, including routine ones

Largest facilities held, with co-lenders

Schedule of investments at Jun 30, 2025

257 positions

Borrower	Instrument	Principal	Fair value	Rate	Maturity
E•• P•••••• L•• (dba Enterprise DB) S•••••••	term loan first lien	$2.4M	$2.3M 98c	SOFR+675 bp	Jul 7, 2028
T••• F•••••••• L•• (dba Harmoni T•••••) Wireless Telecommunication Services	term loan first lien	$3.8M	$2.2M 101c	SOFR+700 bp	Aug 24, 2028
B••••••••• I••. Health Care Technology	term loan first lien	$2.1M	$2.1M 100c	SOFR+550 bp	Dec 1, 2027
Investment Equity Securities - 1.4% United States - 1.4% Pre S••••••• Initial	preferred equity equity	n/a	$2.0M 135c		Nov 24, 2021
N•••• S••• A••••••••• L•• (dba Everway) S•••••••	term loan first lien	$2.1M	$2.0M 100c	SOFR+450 bp	May 3, 2029
N•• • J• L••. (dba the Facilities Group) Professional Services	term loan first lien	$2.0M	$2.0M 100c	SOFR+575 bp	Nov 30, 2027
N•• • J• L••. (dba the Facilities Group) Professional Services	term loan first lien	$1.9M	$1.9M 100c	SOFR+575 bp	Nov 30, 2027
G••••••••• S••••••• H•••••••• L•• (fka GPS Phoenix B••••, Inc.) IT Services	term loan first lien	$1.9M	$1.9M 101c	SOFR+525 bp	Oct 2, 2029
F•••••••• O••••••••• LLC Financial Services	term loan first lien	$1.8M	$1.8M 100c	SOFR+700 bp	Nov 27, 2029
L•••• P•••••• I••. (dba NeoGov) S••••••• Initial	preferred equity equity	n/a	$1.7M 145c		Dec 2, 2021
R••••• B••••• I••. (dba Recochem) Chemicals	term loan first lien	$1.7M	$1.7M 101c	SOFR+575 bp	Nov 1, 2030
U•••••• M••••••••• H•••••••• I••. (dba Solaris Health) Health Care Providers & Services	term loan first lien	$1.7M	$1.7M 101c	SOFR+550 bp	Jun 15, 2027
F• W••••••••• B•••••••• L•• (fka W••••••••• H•••••• C•••••• L••) Diversified Consumer Services	term loan first lien	$1.7M	$1.6M 100c	SOFR+500 bp	Dec 21, 2029
S••••••• B•••••• L•• Diversified Consumer Services	term loan first lien	$1.6M	$1.6M 102c	SOFR+575 bp	Jul 25, 2028
C••••••••• I••. S•••••••	term loan first lien	$1.5M	$1.5M 102c	SOFR+700 bp PIK 2.50%	Nov 24, 2026
N•••• S••• A••••••••• L•• (dba Everway) S•••••••	term loan first lien	$1.1M	$1.5M 107c	SONIA+450 bp	May 3, 2029
A• S•••••••, Inc. (dba Relation Insurance)	term loan first lien	$4.0M	$1.4M 99c	SOFR+525 bp	Jul 24, 2031
B•••••• A••••••• L•• (dba Superior Environmental S••••••••) Commercial Services & Supplies	term loan first lien	$1.4M	$1.4M 102c	SOFR+650 bp	Aug 1, 2029
A•••••• S••••••••• I••. Wireless Telecommunication Services	term loan first lien	$1.4M	$1.4M 100c	SOFR+525 bp	Mar 31, 2027
A•••••• S••••••••• I••. Wireless Telecommunication Services	term loan first lien	$1.4M	$1.4M 100c	SOFR+525 bp	Mar 31, 2027
F•••••••• O••••••••• LLC Financial Services	term loan first lien	$1.4M	$1.4M 103c	SOFR+825 bp	Nov 27, 2029
R•• A•• I••••••••• H••••••• L•• (dba ABC Plumbing) Diversified Consumer Services Initial	equity equity	n/a	$1.4M 78c		Apr 26, 2024
T••••• T••••• I• L•• Wireless Telecommunication Services	term loan first lien	$3.7M	$1.2M 101c	SOFR+683 bp	Feb 1, 2029
N•••• S••• A••••••••• L•• (dba Everway) S•••••••	term loan first lien	$1.2M	$1.2M 100c	SOFR+450 bp	May 3, 2029
M••••••••• S••••••••• L•• (dba HungerRush) Financial Services	term loan first lien	$1.3M	$1.2M 92c	SOFR+750 bp PIK 4.50%	Jun 1, 2028
A•• I••••••••• H••••• I••. (dba ABC Plumbing) Diversified Consumer Services	term loan first lien	$3.1M	$1.1M 97c	SOFR+600 bp	Apr 26, 2029
V•••• W•••• H•••••••• I••. (dba V•••• Living) Commercial Services & Supplies	term loan first lien	$2.2M	$1.1M 98c	SOFR+600 bp	May 1, 2029
S••••••• C•••••• H•••••, LLC (dba C•••••• Education)	term loan first lien	$2.8M	$1.1M 98c	SOFR+500 bp	May 1, 2031
R••••••• B•••• I••. (dba RBMedia) Media	term loan first lien	$1.1M	$1.1M 101c	SOFR+575 bp	Sep 3, 2030
A•••••• B••••• I••. (dba Fidelity Payment Services) Financial Services	term loan first lien	$1.0M	$1.0M 100c	SOFR+500 bp	Dec 6, 2029
Z••• C•••••• L•• Health Care Equipment & Supplies	term loan first lien	$2.1M	$1.0M 99c	SOFR+550 bp	Feb 28, 2031
G••••••••• H•••••••• L•• (dba Granicus, Inc.) S•••••••	term loan first lien	$1.0M	$997,000 100c	SOFR+525 bp PIK 2.25%	Jan 17, 2031
P•••••• S••••••• I••. (dba Pound B••••) Financial Services	term loan first lien	$2.2M	$932,000 99c	SOFR+600 bp	Feb 1, 2027
S•••••••• H••••••• L•• Health Care Providers & Services	term loan first lien	$932,000	$927,000 100c	EURIBOR+500 bp	Mar 1, 2028
V••••••• B•••• H•••••••• L•• (dba Specialty Dental B•••••) Health Care Providers & Services	term loan first lien	$911,000	$920,000 100c	SOFR+500 bp PIK 6.42%	Mar 18, 2027
A•••••• S••••••••• I••. Wireless Telecommunication Services	term loan first lien	$888,000	$879,000 100c	SOFR+525 bp	Mar 31, 2027
V••• F•••••• B••••• I••. Diversified Consumer Services	term loan first lien	$1.3M	$831,000 102c	SOFR+750 bp	Aug 14, 2028
P••• H•••••• I••. (dba Planet DDS) Health Care Technology	term loan first lien	$770,000	$768,000 100c	SOFR+750 bp	Jul 18, 2028
C••••••••• H•••••••• L•• (dba SkyZone) Leisure Products	term loan first lien	$722,000	$713,000 101c	SOFR+650 bp	Jul 18, 2028
B•••••• A••••••• L•• (dba Superior Environmental S••••••••) Commercial Services & Supplies	term loan first lien	$713,000	$709,000 101c	SOFR+650 bp	Aug 1, 2029
S••••••• S••••• S•••••••• P••••••••• L•• (dba Carrier Industrial Fire) Machinery	term loan first lien	$3.7M	$690,000 98c	SOFR+475 bp	Jul 1, 2031
S••••••• S••••• S•••••••• P••••••••• L•• (dba Carrier Industrial Fire) Machinery	term loan first lien	$3.7M	$638,000 100c	SOFR+475 bp	Jul 1, 2030
S•••••••• M••••••••• L•• (dba. SEM Holdings, LLC) Diversified Consumer Services Initial	equity equity	n/a	$623,000 156c		Jul 6, 2022
S••••• T••••• I••••••••• L•• Wireless Telecommunication Services	term loan first lien	$2.0M	$615,000 101c	SOFR+661 bp	Dec 22, 2028
L•••••• H••••••••• H•••••• C••••••• L•• (fka ASM B••••, Inc.) Commercial Services & Supplies	term loan first lien	$1.5M	$581,000 101c	SOFR+500 bp	Aug 22, 2030
F• W••••••••• B•••••••• L•• (fka W••••••••• H•••••• C•••••• L••) Diversified Consumer Services	term loan first lien	$556,000	$551,000 101c	SOFR+500 bp	Dec 21, 2029
F• W••••••••• B•••••••• L•• (fka W••••••••• H•••••• C•••••• L••) Diversified Consumer Services	term loan first lien	$553,000	$547,000 101c	SOFR+500 bp	Dec 21, 2029
F• W••••••••• B•••••••• L•• (fka W••••••••• H•••••• C•••••• L••) Diversified Consumer Services	term loan first lien	$549,000	$543,000 101c	SOFR+500 bp	Dec 21, 2029
N••• I••••••••• I••. (dba National Carwash S••••••••) Trading Companies & Distributors	term loan first lien	$2.5M	$492,000 80c	SOFR+525 bp	Dec 31, 2029
I•• I••••••• H•••••••• I••. (fka Intelligent Medical Objects, Inc.) Health Care Technology	term loan first lien	$470,000	$463,000 100c	SOFR+500 bp	May 11, 2029
G••••••••• I••. (dba NeoGov) S•••••••	term loan first lien	$2.6M	$437,000 101c	SOFR+500 bp	Dec 1, 2028
O••• C••••••••• I••. S•••••••	term loan first lien	$405,000	$372,000 101c	SOFR+525 bp	Dec 14, 2029
U•• D•••••• L•• Commercial Services & Supplies	term loan first lien	$820,000	$351,000 102c	SOFR+525 bp	Apr 30, 2030
A•••••• B••••• I••. (dba Fidelity Payment Services) Financial Services	term loan first lien	$335,000	$334,000 101c	SOFR+500 bp	Dec 6, 2029
B•••••• A••••••• L•• (dba Superior Environmental S••••••••) Commercial Services & Supplies	term loan first lien	$722,000	$304,000 103c	SOFR+650 bp	Aug 1, 2029
U•• D•••••• L•• Commercial Services & Supplies	term loan first lien	$2.2M	$301,000 102c	SOFR+525 bp	Apr 30, 2031
U• S••••• C••••••• L•• IT Services	term loan first lien	$1.2M	$296,000 99c	SOFR+550 bp	Sep 4, 2029
A•• I••••••••• H••••• I••. (dba ABC Plumbing) Diversified Consumer Services	term loan first lien	$628,000	$292,000 98c	SOFR+600 bp	Apr 26, 2029
D•• H•••••• C••••••• I••. Distributors	term loan first lien	$298,000	$286,000 98c	SOFR+700 bp	Jan 31, 2029
N•••• S••• A••••••••• L•• (dba Everway) S•••••••	term loan first lien	$283,000	$282,000 100c	SOFR+450 bp	May 3, 2029
K••• A••••••••• I••. (dba Entrust) Commercial Services & Supplies	term loan first lien	$2.8M	$277,000 105c	SOFR+525 bp	Feb 7, 2031
F•••••••• O••••••••• LLC Financial Services	term loan first lien	$548,000	$274,000 105c	SOFR+825 bp	Nov 27, 2029
A•••••• S••••••••• I••. Wireless Telecommunication Services	term loan first lien	$1.4M	$262,000 99c	SOFR+525 bp	Mar 31, 2027
B••••••••• I••. Health Care Technology	term loan first lien	$316,000	$257,000 100c	SOFR+550 bp	Dec 1, 2027
CI (Quercus) I••••••••• Holdings, LLC (dba SavATree) Diversified Consumer Services	term loan first lien	$1.3M	$241,000 105c	SOFR+500 bp	Jun 6, 2031
W••••••••• H•••••• C•••••• L•• Diversified Consumer Services Initial	equity equity	n/a	$239,000 89c		Dec 21, 2021
B•••••• A••••••• L•• (dba Superior Environmental S••••••••) Commercial Services & Supplies	term loan first lien	$238,000	$236,000 101c	SOFR+650 bp	Aug 1, 2029
A• S•••••••, Inc. (dba Relation Insurance)	term loan first lien	$741,000	$230,000 100c	SOFR+525 bp	Jul 24, 2030
W••••• I••. I Health Care Technology	term loan first lien	$278,000	$230,000 96c	SOFR+625 bp	Jan 18, 2028
E••••••••• I••. Professional Services	term loan first lien	$479,000	$230,000 98c	SOFR+650 bp	Jul 1, 2029
W••••• I••. I Health Care Technology	term loan first lien	$234,000	$223,000 96c	SOFR+625 bp	Jan 18, 2028
V••••••••• P•••••, LLC Aerospace & Defense Initial	equity equity	n/a	$210,000 95c		Apr 19, 2024
N•••• S••• A••••••••• L•• (dba Everway) S•••••••	term loan first lien	$704,000	$202,000 99c	SOFR+450 bp	May 3, 2029
P•••••• S••••••• I••. (dba Pound B••••) Financial Services	term loan first lien	$1.2M	$190,000 97c	Prime+500 bp	Feb 1, 2027
A•••• B••••, Inc. (dba Archer Technologies) S•••••••	term loan first lien	$190,000	$189,000 101c	SOFR+500 bp	Jul 1, 2030
A•••• B••••, Inc. (dba Archer Technologies) S•••••••	term loan first lien	$184,000	$183,000 102c	SOFR+500 bp	Jul 1, 2030
P••• H•••••• I••. (dba Planet DDS) Health Care Technology	term loan first lien	$605,000	$180,000 103c	SOFR+750 bp	Jul 18, 2028
i••••• I••. Professional Services	term loan first lien	$1.7M	$179,000 75c	SOFR+575 bp	Aug 18, 2028
G••••••••• H•••••••• L•• (dba Granicus, Inc.) S•••••••	term loan first lien	$945,000	$128,000 102c	Prime+425 bp	Jan 17, 2031
CI (Quercus) I••••••••• Holdings, LLC (dba SavATree) Diversified Consumer Services	term loan first lien	$724,000	$87,000 104c	SOFR+500 bp	Jun 6, 2031
N•• • J• L••. (dba the Facilities Group) Professional Services	term loan first lien	$349,000	$77,000 101c	Prime+475 bp	Nov 30, 2027
N••• I••••••••• I••. (dba National Carwash S••••••••) Trading Companies & Distributors	term loan first lien	$1.5M	$75,000 47c	SOFR+550 bp	Dec 31, 2029
S•••••••• H••••••• L•• Health Care Providers & Services	term loan first lien	$456,000	$74,000 103c	SOFR+500 bp	Mar 1, 2028
C••••••••• I••. S••••••• Initial	warrants equity	n/a	$46,000 21c		Nov 24, 2021
S•••••••• M••••••••• L•• Diversified Consumer Services	term loan first lien	$600,000	$44,000 102c	SOFR+600 bp	Jul 6, 2027
FS W••••••••• Holdings, LLC (fka W••••••••• H•••••• C•••••• L••) Diversified Consumer Services Initial	preferred equity equity	n/a	$34,000 117c		Oct 2, 2024
R••••• B••••• I••. (dba Recochem) Chemicals	term loan first lien	n/a	$34,000 136c	//www.goldmansachsbdc.com/20250630#Canadian Overnight Repo Rate Average CORRA+575 bp	Nov 1, 2030
P•••• U• H•••••• I••. (dba Precinmac) Machinery	term loan first lien	n/a	$28,000 97c	SOFR+475 bp	Dec 2, 2031
O••••• P••••••••• I••. (dba Office Ally) Health Care Technology	term loan first lien	$2.8M	$0	SOFR+425 bp	May 19, 2032
V••• F•••••• B••••• I••. Diversified Consumer Services	term loan first lien	$209,000	$-1,000 20c	SOFR+750 bp	Aug 14, 2028
A•••••• B••••• I••. (dba Fidelity Payment Services) Financial Services	term loan first lien	$195,000	$-1,000 100c	SOFR+500 bp	Dec 6, 2029
R••••• B••••• I••. (dba Recochem) Chemicals	term loan first lien	$1.3M	$-2,000 14c	//www.goldmansachsbdc.com/20250630#Canadian Overnight Repo Rate Average CORRA+575 bp	Nov 1, 2030
B••• M••• B••••• I•• (dba Kydia) Financial Services	term loan first lien	$249,000	$-2,000 100c	SOFR+600 bp	Jan 25, 2028
NAVEX TopCo, Inc. S•••••••	term loan first lien	$810,000	$-2,000 18c	SOFR+550 bp	Nov 9, 2028
A•••••• S••••••••• I••. Wireless Telecommunication Services	term loan first lien	$178,000	$-2,000 100c	SOFR+525 bp	Mar 31, 2027
F• W••••••••• B•••••••• L•• (fka W••••••••• H•••••• C•••••• L••) Diversified Consumer Services	term loan first lien	$270,000	$-3,000 75c	SOFR+500 bp	Dec 21, 2029
C••••• S•••••••• A••••••••• I••. (dba CorroHealth) Health Care Providers & Services	term loan first lien	$290,000	$-3,000 75c	SOFR+500 bp	Aug 7, 2031
C•• H•••••• C•••••• (dba Intoxalock) Diversified Consumer Services	term loan first lien	$638,000	$-3,000 14c	SOFR+500 bp	Nov 1, 2028
C••••• S•••••••• A••••••••• I••. (dba CorroHealth) Health Care Providers & Services	term loan first lien	$356,000	$-4,000 67c	SOFR+500 bp	Aug 7, 2031
Q•• P•••••• I••. (dba Quorum S•••••••)	term loan first lien	$862,000	$-4,000 100c	SOFR+450 bp	Jun 3, 2032

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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: G•••••• S•••• M••••• M••••• L•••••• LLC IIreported
Latest schedule: 0000950170-25-107356reported