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
F••••••• P•••••• C••••• C• L••
Fair value
$1.6B
as of Mar 31, 2026
Principal held
$1.7B
debt pieces, the filer's figure
Cost
$1.7B
98c on cost
Unfunded
n/a
commitments not yet drawn
Positions
384
130 borrowers
First lien
99%
99% debt by fair value
Quarters on the tape
13
since Dec 31, 2022
Facilities held
323
19 sponsors financed
Portfolio through time
Fair value by quarter end$1.6B as of Mar 31, 2026
Dec 31, 2022$3.2B then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Mar 31, 2026 | $1.6B | 130 | 97c | 22 | 542 bp |
| Dec 31, 2025 | $1.6B | 121 | 98c | 22 | 551 bp |
| Sep 30, 2025 | $1.5B | 117 | 98c | 18 | 553 bp |
| Jun 30, 2025 | $1.6B | 113 | 99c | 12 | 557 bp |
| Mar 31, 2025 | $8.3B | 105 | 99c | 11 | 561 bp |
| Dec 31, 2024 | $8.6B | 96 | 100c | 9 | 565 bp |
| Sep 30, 2024 | $7.2B | 84 | 99c | 5 | 578 bp |
| Jun 30, 2024 | $7.2B | 68 | 100c | 5 | 593 bp |
| Mar 31, 2024 | $5.3B | 60 | 97c | 5 | 608 bp |
| Dec 31, 2023 | $5.5B | 57 | 101c | 0 | 602 bp |
| Sep 30, 2023 | $6.4B | 52 | 100c | 0 | 607 bp |
| Jun 30, 2023 | $6.1B | 50 | 100c | 0 | 602 bp |
| Dec 31, 2022 | $3.2B | 33 | 100c | 0 | 579 bp |
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 scheduleMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- PIK interest increasedMar 31, 2026
- Spread increasedMar 31, 2026
- Spread increasedMar 31, 2026
- Spread increasedMar 31, 2026
- Spread increasedMar 31, 2026
- PIK interest appearsMar 31, 2026
- Maturity extended (observed)Mar 31, 2026
- Maturity extended (observed)Mar 31, 2026
Largest facilities held, with co-lenders
- S•• D••••••••• first lien term loan8 BDCs hold it · matures Oct 3, 2029$66.6M 44c
- H••••••••• H•••••••• L•• first lien term loan5 BDCs hold it · matures Dec 16, 2028 · I••••••• C•••••• P•••••••• L••$49.6M 100c
- R•••••• B•••• L•• first lien term loan6 BDCs hold it · matures Dec 23, 2028$48.1M 100c
- A••••• C••••••••• first lien term loan11 BDCs hold it · matures Dec 21, 2029$43.6M 103c
- U• F•••••••• E••••••••• L•• first lien term loan15 BDCs hold it · matures Dec 30, 2032 · A••••• C•••••• P•••••••• L•••$37.5M 101c
- L••• A•• P•••••••• L•• first lien term loan2 BDCs hold it · matures Jan 9, 2029$35.6M 101c
- V•• C••••••••• L•• first lien term loan16 BDCs hold it · matures Jun 29, 2029 · W••••••••• C•••••• I••••••••$33.9M 100c
- V•• M•••••• U• B••••• L•• first lien term loan2 BDCs hold it · matures Dec 12, 2028$33.8M 101c
- A••••••• T•••••• R••••• G••••• L•• first lien delayed draw term loan2 BDCs hold it · matures Jun 1, 2028$33.5M 92c
- A•• A•••• B••••• L•• first lien term loan7 BDCs hold it · matures Oct 2, 2029$32.7M 101c
- S•••••••• F•••• first lien term loan3 BDCs hold it · matures Aug 22, 2029 · C••••• P••••••• M••••••••• L••$32.7M 100c
- P•••• • P•••••• P•••••••• P••••••• • M••••••• B••• B••••• L•• first lien term loan1 BDC hold it · matures Jan 13, 2029$32.0M 101c
Schedule of investments at Mar 31, 2026
384 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| A••••• C••••••••• Pharmaceuticals | term loan first lien | $43.6M | $43.6M 103c | SOFR+700 bp | Dec 21, 2028 |
| H••••••••• H•••••••• L•• H••••• C••• Services | term loan first lien | $43.1M | $42.4M 100c | SOFR+550 bp | Dec 15, 2028 |
| F•••••••• (ITC) Investment H•••••, LLC/F•••••••• (ITC) B••••, Inc. H••••• C••• Services | term loan first lien | $37.5M | $37.5M 101c | SOFR+500 bp | Jan 3, 2029 |
| L••• A•• P•••••••• L•• Industrial Machinery & S••••••• & Components | term loan first lien | $35.6M | $35.6M 101c | SOFR+700 bp | Jan 9, 2029 |
| Vrc Companies LLC Data Processing & Outsourced Services | term loan first lien | $33.9M | $33.9M 100c | SOFR+550 bp | Jun 29, 2027 |
| R•••••• B•••• L•• Soft Drinks & Non-alcoholic Beverages | term loan first lien | $33.9M | $33.6M 100c | SOFR+475 bp | Dec 23, 2028 |
| V•• M•••••• U• B••••• L•• H••••• C••• Services | term loan first lien | $33.3M | $33.3M 101c | SOFR+525 bp | Dec 12, 2028 |
| S•••••••• F••••, LLC Packaged F•••• & Meats | term loan first lien | $32.7M | $32.4M 100c | SOFR+500 bp | Aug 22, 2029 |
| P•••• • P•••••• P•••••••• P••••••• • M••••••• B••• B••••• L•• | term loan first lien | $32.0M | $32.0M 101c | SOFR+575 bp | Jan 13, 2029 |
| A•••• A• B•••• P•• L•• / A•••• US Finco, Inc. Application Software | term loan first lien | $31.0M | $30.8M 101c | SOFR+475 bp | Dec 9, 2029 |
| P•••• P••••• Co Inc. Application Software | term loan first lien | $30.7M | $30.7M 101c | SOFR+500 bp | Sep 16, 2028 |
| F••••• C••• A••••••••• L•• H••••• C••• Services | term loan first lien | $29.0M | $29.0M 101c | SOFR+525 bp | Dec 30, 2028 |
| C••••••• H•••••• L•• H••••• C••• Services | term loan first lien | $27.9M | $27.6M 100c | SOFR+600 bp | May 4, 2028 |
| A•••••• T••••••••• H••••••• C••• Application Software | term loan first lien | $26.6M | $26.5M 102c | SOFR+650 bp | Nov 5, 2029 |
| B••• P•••• H••••••• L•• Trading Companies & Distributors | term loan first lien | $26.3M | $26.3M 101c | SOFR+500 bp | Aug 22, 2028 |
| F••••• C••• A••••••••• L•• H••••• C••• Services | delayed draw term loan first lien | $24.4M | $24.4M 101c | SOFR+525 bp | Dec 30, 2028 |
| H••••••••• H•••••••• L•• H••••• C••• Services | delayed draw term loan first lien | $24.3M | $23.9M 100c | SOFR+550 bp | Dec 15, 2028 |
| A•• P•••••• I••••••••• H•••••••• I••. Electronic Components | term loan first lien | $25.3M | $23.8M 95c | SOFR+650 bp PIK 4.75% | Oct 5, 2027 |
| ACP F••••• B•••• Inc Application Software | term loan first lien | $23.2M | $23.2M 102c | SOFR+550 bp | Aug 1, 2029 |
| W•••••• P••••••••• L•• Life Sciences Tools & Services | term loan first lien | $23.0M | $22.7M 101c | SOFR+475 bp | Nov 6, 2031 |
| All S••••• Ag P•••• LLC Trading Companies & Distributors | term loan first lien | $23.8M | $22.5M 95c | SOFR+650 bp PIK 0.50% | Sep 1, 2026 |
| P•••••••• L••••••• Group Holdings, LLC Electronic Manufacturing Services | term loan first lien | $21.7M | $21.7M 101c | SOFR+525 bp | Nov 4, 2030 |
| T•• S•••••• D••• L•• H••••• C••• Services | term loan first lien | $20.9M | $20.9M 102c | SOFR+600 bp | Apr 4, 2029 |
| P•••• • P•••••• P•••••••• P••••••• • M••••••• A•• P•••••••• I••••••••• L•• | term loan first lien | $21.1M | $20.8M 100c | SOFR+525 bp | Oct 22, 2031 |
| R• H•••••••• L•• Air Freight & Logistics | term loan first lien | $21.4M | $20.8M 99c | SOFR+675 bp | Dec 29, 2028 |
| A•••••••• H••••• C•••••• Automotive P•••• & Equipment | term loan first lien | $26.5M | $20.8M 79c | SOFR+525 bp PIK 2.75% | Aug 31, 2028 |
| L••••••••• S••••••••• L•• Application Software | term loan first lien | $20.9M | $20.7M 100c | SOFR+600 bp | Mar 1, 2028 |
| A• C•••••• A••••••••• C••••••••• H••••• C••• Services | term loan first lien | $20.0M | $19.8M 100c | SOFR+525 bp | Jul 2, 2031 |
| I••••••• Services Management LLC H••••• C••• Facilities | term loan first lien | $18.6M | $18.4M 101c | SOFR+500 bp | Jul 6, 2029 |
| ACP A•••• Midco LLC Application Software | term loan first lien | $18.3M | $18.3M 102c | SOFR+500 bp | Oct 2, 2029 |
| S•• H•••••••• I•• Packaged F•••• & Meats | term loan first lien | $17.4M | $17.4M 101c | SOFR+550 bp | Jan 22, 2030 |
| A••••••• T•••••• R••••• G••••• L•• Diversified Support Services | delayed draw term loan first lien | $19.0M | $17.4M 92c | SOFR+575 bp | Jun 1, 2027 |
| H•••••• H•• U• H••••••• I•• H••••• C••• Technology | term loan first lien | $17.0M | $16.9M 101c | SOFR+500 bp | Dec 3, 2030 |
| H••••• O•••• L•• Diversified Support Services | term loan first lien | $16.8M | $16.7M 100c | SOFR+550 bp | Sep 19, 2028 |
| P•• B••••• L•• Air Freight & Logistics | term loan first lien | $16.7M | $16.1M 98c | SOFR+700 bp PIK 0.50% | Nov 22, 2029 |
| K•••••• I••••••••• G••••• I••. Diversified Support Services | term loan first lien | $16.2M | $16.0M 100c | SOFR+550 bp | Mar 13, 2030 |
| M•••••• P•••••••• P•••••••• LLC Specialized Consumer Services | term loan first lien | $16.1M | $15.9M 100c | SOFR+525 bp | Jun 13, 2031 |
| P•••• H••••• I••••••••• I•• L•• H••••• C••• Technology | term loan first lien | $15.9M | $15.7M 100c | SOFR+475 bp | Dec 31, 2031 |
| D••••• E• C••••••• L•• Industrial Machinery & S••••••• & Components | term loan first lien | $16.2M | $15.0M 93c | SOFR+625 bp PIK 2.25% | Jun 21, 2028 |
| P•••• • P•••••• P•••••••• P••••••• • M••••••• S•••••• F•••••••• C••••••••• | term loan first lien | $15.1M | $15.0M 101c | SOFR+475 bp | Aug 15, 2029 |
| R•••••• B•••• L•• Soft Drinks & Non-alcoholic Beverages | term loan first lien | $14.2M | $14.0M 100c | SOFR+475 bp | Dec 23, 2028 |
| A••••••• T•••••• R••••• G••••• L•• Diversified Support Services | term loan first lien | $15.4M | $14.0M 92c | SOFR+550 bp | Jun 1, 2027 |
| ACP A•••• Midco LLC Application Software | term loan first lien | $13.9M | $13.9M 101c | SOFR+500 bp | Oct 2, 2029 |
| W•••• H••••• C••••••••• L•• Life Sciences Tools & Services | term loan first lien | $13.9M | $13.8M 100c | SOFR+475 bp | Oct 23, 2028 |
| C••• I••••••••• L•• IT Consulting & Other Services | term loan first lien | $13.4M | $13.4M 101c | SOFR+475 bp | Oct 8, 2030 |
| A••••••• T•••••• R••••• G••••• L•• Diversified Support Services | delayed draw term loan first lien | $14.6M | $13.2M 91c | SOFR+550 bp | Jun 1, 2027 |
| A••••••• S••••••• L•• Diversified Support Services | term loan first lien | $12.7M | $12.7M 101c | SOFR+625 bp | Sep 19, 2028 |
| I••••••• R•••••••• L•• Diversified Support Services | term loan first lien | $12.3M | $12.3M 101c | SOFR+475 bp | Nov 1, 2029 |
| P•••••••• S•••••••• G••••• L•• Diversified Support Services | term loan first lien | $11.9M | $11.8M 100c | SOFR+475 bp | Oct 2, 2030 |
| S•• D••••••••• LLC Air Freight & Logistics | term loan first lien | $11.4M | $11.4M 100c | 8.00% PIK 8.00% | Jul 13, 2026 |
| B••••••••• F•••••••• L•• H••••• C••• Services | term loan first lien | $11.3M | $11.3M 101c | SOFR+475 bp | Nov 20, 2031 |
| P••••••••• E•••••••• H•••••• L•• E•••••••• Services | term loan first lien | $11.2M | $11.0M 100c | SOFR+550 bp | Feb 26, 2032 |
| A••••••• B••••• L•• H••••• C••• Technology | term loan first lien | $10.7M | $10.6M 100c | SOFR+450 bp | Jan 30, 2033 |
| R•••••• S••••••• S•••••••• L•• Specialized Consumer Services | term loan first lien | $10.3M | $10.0M 99c | SOFR+575 bp | Nov 27, 2029 |
| B••••••• M••• L•• H••••• C••• Services | term loan first lien | $9.5M | $9.5M 101c | SOFR+575 bp | Jun 3, 2030 |
| R••••••••• I•• Application Software | term loan first lien | $9.5M | $9.4M 99c | SOFR+525 bp | Sep 18, 2031 |
| T••••••• W••••• H•••••• L•• H••••• C••• Services | term loan first lien | $9.4M | $9.4M 101c | SOFR+450 bp | Aug 26, 2031 |
| R•• C••••••••• Research & Consulting Services | term loan first lien | $9.0M | $9.0M 101c | SOFR+550 bp | Aug 2, 2030 |
| L•••• I••••••••• I•• Industrial Machinery & S••••••• & Components | term loan first lien | $9.0M | $9.0M 101c | SOFR+500 bp | Jul 2, 2030 |
| S•• D••••••••• LLC Air Freight & Logistics | term loan first lien | $8.8M | $8.8M 110c | 8.00% PIK 8.00% | Jul 13, 2026 |
| F•••••••• (ITC) Investment H•••••, LLC / F•••••••• (ITC) B••••, Inc. H••••• C••• Services | delayed draw term loan first lien | $8.8M | $8.8M 101c | SOFR+500 bp | Jan 3, 2029 |
| T••••••• I•• Aerospace & Defense | term loan first lien | $8.7M | $8.7M 101c | SOFR+600 bp | Feb 28, 2030 |
| E••• I••••••••• I• L•• Life Sciences Tools & Services | term loan first lien | $8.6M | $8.5M 100c | SOFR+500 bp | Sep 26, 2031 |
| K•••••• E•••••• S•••••• I•• Aerospace & Defense | term loan first lien | $8.1M | $8.1M 102c | SOFR+475 bp | May 3, 2029 |
| A•••• E••• M•• H•••••••• L•• H••••• C••• Services | term loan first lien | $8.1M | $8.0M 100c | SOFR+475 bp | Mar 25, 2032 |
| S•• W•• B••••• L•• Specialized Consumer Services | delayed draw term loan first lien | $8.0M | $8.0M 102c | SOFR+525 bp | Oct 2, 2029 |
| V•• M•••••• U• B••••• L•• H••••• C••• Services | delayed draw term loan first lien | $8.0M | $8.0M 101c | SOFR+525 bp | Dec 12, 2028 |
| Q•••• R•••••• A••••••••• L•• Specialized Consumer Services | term loan first lien | $8.0M | $7.9M 100c | SOFR+575 bp | Dec 22, 2029 |
| B••••••• M••• L•• H••••• C••• Services | delayed draw term loan first lien | $7.6M | $7.6M 101c | SOFR+575 bp | Jun 3, 2030 |
| M•••••••, LLC Trading Companies & Distributors | term loan first lien | $7.4M | $7.4M 101c | SOFR+500 bp | Jun 7, 2031 |
| B•••••• P••• A••••••••• o• E•• C•••••• L•• Diversified Financial Services | term loan first lien | $7.2M | $7.1M 101c | SOFR+475 bp | Nov 1, 2030 |
| P•••• • P•••••• P•••••••• P••••••• • M••••••• S•••••• F•••••••• C••••••••• | delayed draw term loan first lien | $7.2M | $7.1M 100c | SOFR+475 bp | Aug 15, 2029 |
| S•• D••••••••• LLC Air Freight & Logistics | term loan first lien | $7.1M | $7.1M 105c | SOFR+825 bp PIK 7.25% | Oct 3, 2029 |
| I••••••• Services Management LLC H••••• C••• Facilities | delayed draw term loan first lien | $7.0M | $7.0M 101c | SOFR+500 bp | Jul 6, 2029 |
| L•••••• L•• Electrical Components & Equipment | term loan first lien | $6.6M | $6.6M 101c | SOFR+600 bp | Mar 21, 2030 |
| C••••••• H•••••• L•• H••••• C••• Services | delayed draw term loan first lien | $6.5M | $6.4M 99c | 9.67% | May 4, 2028 |
| H••••••••• H•••••••• L•• H••••• C••• Services | term loan first lien | $6.5M | $6.4M 100c | SOFR+550 bp | Dec 15, 2028 |
| N• O•••• M••••••••• S•••••••• L•• H••••• C••• Services | delayed draw term loan first lien | $6.5M | $6.4M 100c | SOFR+500 bp | Dec 13, 2030 |
| P•••• • P•••••• P•••••••• P••••••• • M••••••• F••••••• I••••••••• L•• | term loan first lien | $6.5M | $6.4M 100c | SOFR+525 bp | Feb 4, 2031 |
| B••• P•••• H••••••• L•• Trading Companies & Distributors | delayed draw term loan first lien | $6.1M | $6.1M 101c | SOFR+500 bp | Aug 22, 2028 |
| S•• M••••••••• S••••••• B••••• L•• Environmental & Facilities Services | term loan first lien | $6.7M | $6.1M 92c | SOFR+475 bp | Aug 20, 2031 |
| R•••••• S••••••• S•••••••• L•• Specialized Consumer Services | delayed draw term loan first lien | $6.2M | $6.0M 99c | SOFR+625 bp PIK 0.50% | Nov 27, 2029 |
| T•• S•••••• D••• L•• H••••• C••• Services | delayed draw term loan first lien | $5.6M | $5.6M 102c | SOFR+600 bp | Apr 4, 2029 |
| K••••• A••••••••• L•• Insurance Brokers | term loan first lien | $5.6M | $5.6M 100c | SOFR+450 bp | Nov 7, 2032 |
| P••••••• M••• • D•• C•••••• Aerospace & Defense | term loan first lien | $5.5M | $5.5M 100c | SOFR+500 bp | Mar 30, 2032 |
| M•• S•••••••• L•• Office Services & S••••••• | term loan first lien | $5.7M | $5.3M 95c | SOFR+550 bp | Aug 14, 2030 |
| N• O•••• M••••••••• S•••••••• L•• H••••• C••• Services | term loan first lien | $5.2M | $5.1M 100c | SOFR+500 bp | Dec 13, 2030 |
| C•• F•••••••• I••••••••• L•• Diversified Financial Services | term loan first lien | $5.1M | $5.1M 101c | SOFR+475 bp | Jun 28, 2030 |
| I••••••• R•••••••• L•• Diversified Support Services | delayed draw term loan first lien | $5.0M | $5.0M 101c | SOFR+475 bp | Nov 1, 2029 |
| P•••• • P•••••• P•••••••• P••••••• • M••••••• C•••••• P••••••• A••••••••• L•• | term loan first lien | $5.0M | $5.0M 101c | SOFR+475 bp | Sep 19, 2031 |
| P•••• • P•••••• P•••••••• P••••••• • M••••••• C•••••• P••••••• A••••••••• L•• | term loan first lien | $4.9M | $4.9M 101c | SOFR+475 bp | Sep 19, 2031 |
| R•••••• B•••• L•• Soft Drinks & Non-alcoholic Beverages | delayed draw term loan first lien | $4.9M | $4.8M 100c | SOFR+475 bp | Dec 23, 2028 |
| C••••••• L•• Application Software | term loan first lien | $4.9M | $4.8M 99c | SOFR+600 bp | Jun 28, 2027 |
| P•••• • P•••••• P•••••••• P••••••• • M••••••• C•••••• P••••••• A••••••••• L•• | delayed draw term loan first lien | $4.7M | $4.7M 101c | SOFR+475 bp | Sep 19, 2031 |
| I••••••• Services Management LLC H••••• C••• Facilities | term loan first lien | $4.7M | $4.7M 101c | SOFR+500 bp | Jul 6, 2029 |
| R• H•••••••• L•• Air Freight & Logistics | revolver first lien | $4.9M | $4.7M 98c | SOFR+675 bp | Dec 29, 2028 |
| ACP A•••• Midco LLC Application Software | delayed draw term loan first lien | $4.7M | $4.7M 101c | SOFR+500 bp | Oct 2, 2029 |
| T•• S•••••• D••• L•• H••••• C••• Services | delayed draw term loan first lien | $4.5M | $4.5M 101c | SOFR+600 bp | Apr 4, 2029 |
| Vp D•••••• P•••••, Inc Building P••••••• | term loan first lien | $4.5M | $4.5M 100c | SOFR+475 bp | Feb 17, 2031 |
| S•• W•• B••••• L•• Specialized Consumer Services | term loan first lien | $4.3M | $4.3M 102c | SOFR+525 bp | Oct 2, 2029 |
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Registration
- Fiscal year end
- 1231reported
- Incorporated
- DEreported
- On the SEC BDC report
- 2023 to 2026reported
- Filings listed
- 12reported10-Q and 10-K since 2022
- Former names
- F••••••• P•••••• Credit Central Fund LLC; F••••••• Direct Lending Fund, LPreported
- Latest schedule
- 0001193125-26-214221reported