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.
R•••••• E••••••• I••••• F•••• L•
Business development companymanaged by R•••••• C•••••• M••••••••• L••Non-tradedLatest schedule Sep 30, 2025· NEW YORK, NY
A non-traded business development company, managed by R•••••• C•••••• M••••••••• L••, holding $359M across 30 borrowers at Sep 30, 2025.
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
- $359M
- Borrowers
- 30
- Mark on cost
- 91.6¢
- First lien
- 78%
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
Nothing material in the last 200 days. Last change: 30 Sep 2025, 3 borrowers on non-accrual, $21.4M principal; the largest is A• H••• G••••• I•• ($7.48M).
Every headline figure, and the identifiersCIK 1870267 · file 814-01508ShowHide
Fair value
$359M
as of Sep 30, 2025
Principal held
$413M
debt pieces, the filer's figure
Cost
$391M
92c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
Positions
62
30 borrowers
First lien
78%
98% debt by fair value
Quarters on the tape
12
since Dec 31, 2022
Facilities held
0
0 sponsors financed
Portfolio through time
Fair value by quarter end$359M as of Sep 30, 2025
Dec 31, 2022$278M then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Sep 30, 2025 | $359M | 30 | 92c | 8 | 623 bp |
| Jun 30, 2025 | $402M | 33 | 95c | 9 | 597 bp |
| Mar 31, 2025 | $2.0B | 38 | 96c | 11 | 595 bp |
| Dec 31, 2024 | $2.4B | 51 | 97c | 16 | 599 bp |
All 12 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Sep 30, 2024 | $416M | 40 | 95c | 8 | 645 bp |
| Jun 30, 2024 | $403M | 39 | 96c | 6 | 632 bp |
| Mar 31, 2024 | $364M | 39 | 96c | 6 | 630 bp |
| Dec 31, 2023 | $421M | 40 | 95c | 3 | 642 bp |
| Sep 30, 2023 | $357M | 36 | 93c | 3 | 661 bp |
| Jun 30, 2023 | $373M | 37 | 95c | 3 | 659 bp |
| Mar 31, 2023 | $308M | 31 | 96c | 2 | 622 bp |
| Dec 31, 2022 | $278M | 30 | 95c | 2 | 589 bp |
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
- New borrower on a BDC scheduleSep 30, 2025
- Placed on non-accrualSep 30, 2025
- Placed on non-accrualSep 30, 2025
- Placed on non-accrualSep 30, 2025
- New borrower on a BDC scheduleSep 30, 2025
Full timeline · 20 eventsShow fewer
- Marked down (one lender)Sep 30, 2025
- Marked down (one lender)Sep 30, 2025
- PIK interest appearsSep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Spread increasedSep 30, 2025
- PIK interest appearsSep 30, 2025
- PIK interest increasedSep 30, 2025
- PIK interest appearsSep 30, 2025
- Returned to accrualSep 30, 2025
- Lender left a facilityJun 30, 2025
- Lender left a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
Schedule of investments at Mar 31, 2023
41 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| P••••• U• B•••• L•• •••• M••••••••• | term loan first lien | $22.9M | $22.2M 100c | SOFR+675 bp | Jan 30, 2030 |
| H••••••••• H•••••••• L• | term loan first lien | $15.5M | $15.4M 98c | LIBOR+813 bp | Nov 10, 2025 |
| C•••••••• I••• | term loan first lien | $15.5M | $14.6M 100c | SOFR+500 bp | Oct 13, 2029 |
| A•••• C•••••• I•••• C•••••••• | notes lien unstated | $15.0M | $14.6M 99c | LIBOR+750 bp | Mar 4, 2027 |
| P••••••••• R••• E••••• I••••••••• T•••• | term loan first lien | $14.5M | $14.1M 99c | LIBOR+574 bp | Dec 10, 2023 |
| S•• H•••••••• L•• | term loan first lien | $13.5M | $12.7M 100c | LIBOR+500 bp | Mar 11, 2028 |
| B••••••• C••• S•••••••• C•••• ••••••••• C•••••••• | notes lien unstated | $12.8M | $12.7M 99c | S+500 bp PIK 4.00% | Aug 5, 2026 |
| C••••••• S•••••• I••• | term loan first lien | $13.9M | $12.4M 91c | LIBOR+650 bp | Dec 18, 2026 |
| B•••• I••••••••• S•••••••• I••• | term loan first lien | $13.1M | $12.2M 99c | LIBOR+425 bp | Jun 21, 2024 |
| I•••••• I••• | term loan first lien | $12.0M | $11.5M 97c | LIBOR+625 bp | Nov 5, 2026 |
| G••••• C•••••• I•••• C•••••••• | notes lien unstated | $12.8M | $11.2M 97c | S+850 bp | Jan 15, 2026 |
| S•• S••••• H••••••• I••• | term loan first lien | $13.4M | $10.5M 81c | LIBOR+675 bp | Jul 28, 2028 |
| P• I••••••••• H••••••• I••• L•• | term loan first lien | $10.0M | $9.8M 100c | SOFR+665 bp | Nov 1, 2028 |
| X••••••••• F•••••• L•• | term loan first lien | $10.0M | $9.8M 101c | LIBOR+650 bp | Feb 28, 2025 |
| D••••••• H••• G•••••• G••• | term loan first lien | $9.7M | $9.5M 102c | SOFR+575 bp | Aug 12, 2027 |
| B••••••••• I•• | term loan first lien | $10.1M | $9.4M 96c | LIBOR+650 bp PIK 1.50% | Apr 23, 2024 |
| F••••••• U• H••••••• I••• •••••• K••••••• | term loan first lien | $10.0M | $9.1M 97c | SOFR+635 bp | Oct 20, 2027 |
| W•••••• I••• | term loan first lien | $9.8M | $8.6M 91c | LIBOR+625 bp | Apr 21, 2027 |
| P•••••• I••••••••• I••• | term loan first lien | $8.6M | $8.5M 103c | SOFR+710 bp | May 25, 2027 |
| G•••••• F••••••• I•• | term loan first lien | $8.6M | $8.4M 100c | SOFR+660 bp | Dec 20, 2028 |
| C•••••• T•••••• I•••• C•••••••• | notes lien unstated | $10.6M | $8.3M 84c | S+850 bp | Nov 19, 2026 |
| A•••• P••••••••• I•• | term loan first lien | $11.5M | $7.8M 72c | LIBOR+525 bp | May 8, 2028 |
| I•••••••• P••••••••• L•• | term loan first lien | $8.0M | $7.8M 100c | SOFR+676 bp | Sep 30, 2027 |
| U••••• B•••• A• ••••••• | term loan first lien | $7.4M | $7.6M 112c | EURIBOR+525 bp | Mar 11, 2029 |
| E••••••••• F•• I••••••• I••• | term loan first lien | $9.1M | $7.1M 80c | LIBOR+500 bp | Jul 23, 2026 |
| P•• H••••• I••• | term loan first lien | $7.7M | $7.1M 101c | LIBOR+450 bp | Aug 18, 2028 |
| A• H••• G••••• I•••• C•••••••• | notes lien unstated | $8.4M | $5.7M 85c | S+488 bp | Jul 15, 2028 |
| J•• I••••••••• H•••••• C••••••••• C•••••••• | notes lien unstated | $5.9M | $5.2M 94c | S+900 bp | Oct 1, 2024 |
| L•• I••••••••• I•••• C•••••••• | notes lien unstated | $5.5M | $4.9M 100c | S+625 bp | Oct 15, 2028 |
| A• H••• G••••• I••• | term loan first lien | $5.7M | $4.5M 95c | LIBOR+425 bp | Jul 24, 2028 |
| N•• A•• I• | term loan first lien | $4.0M | $3.4M 103c | SOFR+600 bp | Mar 8, 2029 |
| P••••••••• R••• E••••• I••••••••• T•••• | revolver first lien | $6.1M | $863,000 88c | LIBOR+350 bp | Dec 10, 2023 |
| P•• H••••• I••• | delayed draw term loan first lien | $745,000 | $685,000 101c | LIBOR+450 bp | Aug 18, 2028 |
| I•••••••• P••••••••• L•• | revolver first lien | $1.0M | $120,000 99c | SOFR+676 bp | Sep 30, 2027 |
| I•••••••• P••••••••• L•• | delayed draw term loan first lien | $1.0M | -$25,000 | SOFR+676 bp | Sep 30, 2027 |
| G•••••• F••••••• I••• | revolver first lien | $1.4M | -$34,000 | SOFR+660 bp | Dec 20, 2028 |
| P••••• U• B•••• L•• •••• M••••••••• | revolver first lien | $1.8M | -$55,000 | SOFR+675 bp | Jan 30, 2030 |
| P• I••••••••• H••••••• I••• L•• | delayed draw term loan first lien | $5.0M | -$87,000 | SOFR+665 bp | Nov 1, 2028 |
| I••••••• R••• S•••• M••••••• D••• J••• 7• 2•••• D••••••••• | unstated lien unstated | Not disclosed | Not disclosed | Jul 7, 2027 | |
| S•••••••• I•••• C•••••••• | notes lien unstated | $4.7M | Not disclosed | S+850 bp | May 15, 2029 |
| I••••••• R••• S••• M••••••• D••• J••• 1•• 2••• D••••••••• | unstated lien unstated | Not disclosed | Not disclosed | Jun 17, 2027 |
Page 1 of 1
Registration
- Fiscal year end
- 1231reported
- Incorporated
- DEreported
- On the SEC BDC report
- 2022 to 2025reported
- Filings listed
- 14reported10-Q and 10-K since 2022
- Former names
- R•••••• E••••••• Income Corp.reported
- Latest schedule
- 0001193125-25-280026reported