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 |
|---|---|---|---|---|---|
| P•••••••• I B••••, LLC Industrial Machinery & S••••••• & Components | term loan first lien | $4.3M | $4.2M 100c | SOFR+475 bp | Mar 12, 2032 |
| A•••• B••••• L•• Aerospace & Defense | term loan first lien | $4.2M | $4.2M 101c | SOFR+525 bp | Jan 2, 2032 |
| N•• A••••••••• C• L•• Research & Consulting Services | term loan first lien | $4.0M | $4.0M 101c | SOFR+450 bp | Jul 16, 2030 |
| E•••••• I••••••••• H••••••• L•• Trading Companies & Distributors | delayed draw term loan first lien | $4.0M | $4.0M 100c | SOFR+525 bp | Sep 30, 2029 |
| D•••••••• P••• W•••• Environmental & Facilities Services | term loan first lien | $3.9M | $3.9M 101c | SOFR+500 bp | Aug 16, 2031 |
| A••••• C••••••••• Pharmaceuticals | delayed draw term loan first lien | $3.9M | $3.9M 103c | SOFR+700 bp | Dec 21, 2028 |
| M•••••• P•••••••• P•••••••• LLC Specialized Consumer Services | delayed draw term loan first lien | $3.8M | $3.7M 100c | SOFR+500 bp | Jun 13, 2031 |
| P••• Q•••••• P•••••••• L•• Advertising | term loan first lien | $3.7M | $3.7M 101c | SOFR+500 bp | Aug 25, 2031 |
| T•••••• A••••••••• L•• Specialized Consumer Services | term loan first lien | $3.6M | $3.6M 101c | SOFR+500 bp | Aug 26, 2031 |
| D•••••••• P••• W•••• Environmental & Facilities Services | delayed draw term loan first lien | $3.5M | $3.5M 101c | SOFR+500 bp | Aug 16, 2031 |
| H••••••••• H•••••••• L•• H••••• C••• Services | revolver first lien | $3.4M | $3.3M 100c | SOFR+550 bp | Dec 15, 2028 |
| P•••••••• S•••••••• G••••• L•• Diversified Support Services | delayed draw term loan first lien | $3.3M | $3.3M 100c | SOFR+475 bp | Oct 2, 2030 |
| I••••••• Services Management LLC H••••• C••• Facilities | revolver first lien | $3.2M | $3.2M 101c | SOFR+500 bp | Jul 6, 2029 |
| VIP M•••••• Holdings, LLC H••••• C••• Services | equity equity | n/a | $3.2M 31600000c | ||
| P•••••• D••••• P••••••• C•••••• L•• H••••• C••• S••••••• | term loan first lien | $3.1M | $3.1M 101c | SOFR+500 bp | Jan 31, 2031 |
| L••••••• I••••••••• I•• L•• H••••• C••• Services | term loan first lien | $3.0M | $3.0M 100c | SOFR+525 bp | May 20, 2030 |
| D•••••••• P••• W•••• Environmental & Facilities Services | term loan first lien | $2.9M | $2.9M 101c | SOFR+500 bp | Aug 16, 2031 |
| Q•••• R•••••• A••••••••• L•• Specialized Consumer Services | delayed draw term loan first lien | $2.9M | $2.9M 100c | SOFR+575 bp | Dec 22, 2029 |
| Q•••• R•••••• A••••••••• L•• Specialized Consumer Services | revolver first lien | $3.0M | $2.8M 99c | SOFR+575 bp | Dec 22, 2029 |
| P•••••••• S•••••••• G••••• L•• Diversified Support Services | term loan first lien | $2.8M | $2.8M 100c | SOFR+475 bp | Oct 2, 2030 |
| P••••••••• E•••••••• H•••••• L•• E•••••••• Services | term loan first lien | $2.5M | $2.4M 100c | 16.00% PIK 16.00% | Feb 26, 2032 |
| N• O•••• M••••••••• S•••••••• L•• H••••• C••• Services | delayed draw term loan first lien | $2.4M | $2.4M 100c | SOFR+500 bp | Dec 13, 2030 |
| R• H•••••••• L•• Air Freight & Logistics | delayed draw term loan first lien | $2.4M | $2.4M 100c | SOFR+675 bp | Dec 29, 2028 |
| C•• F•••••••• I••••••••• L•• Diversified Financial Services | delayed draw term loan first lien | $2.4M | $2.4M 101c | SOFR+475 bp | Jun 28, 2030 |
| S•••• G••••• S•••••••• A••••••••• I•• Specialized Consumer Services | delayed draw term loan first lien | $2.4M | $2.3M 100c | SOFR+500 bp | May 6, 2029 |
| T•••• H••••••••• B••••• L•• H••••• C••• Services | term loan first lien | $2.5M | $2.3M 96c | SOFR+600 bp | Feb 27, 2030 |
| A••••• C••••••••• Pharmaceuticals | revolver first lien | $2.3M | $2.3M 109c | SOFR+700 bp | Dec 21, 2028 |
| B••• P•••• P•••••, LLC Trading Companies & Distributors | equity equity | n/a | $2.3M 161c | ||
| K•••••• E•••••• S•••••• I•• Aerospace & Defense | revolver first lien | $2.2M | $2.2M 102c | SOFR+475 bp | May 3, 2028 |
| R•••••• B•••• L•• Soft Drinks & Non-alcoholic Beverages | delayed draw term loan first lien | $2.1M | $2.1M 99c | SOFR+475 bp | Dec 23, 2028 |
| R•• C••••••••• Research & Consulting Services | term loan first lien | $2.0M | $2.0M 101c | SOFR+550 bp | Aug 2, 2030 |
| E•••••• I••••••••• H••••••• L•• Trading Companies & Distributors | term loan first lien | $2.0M | $2.0M 101c | SOFR+525 bp | Sep 30, 2029 |
| E•••••• I••••••••• H••••••• L•• Trading Companies & Distributors | term loan first lien | $2.0M | $2.0M 101c | SOFR+525 bp | Sep 30, 2029 |
| CCI Packaged F•••• & Meats | revolver first lien | $2.5M | $1.9M 81c | SOFR+725 bp | Oct 18, 2029 |
| R•••••• B•••• L•• Soft Drinks & Non-alcoholic Beverages | revolver first lien | $2.0M | $1.9M 99c | SOFR+475 bp | Dec 23, 2027 |
| A•••••••• H••••• C•••••• Automotive Parts & Equipment | delayed draw term loan first lien | $2.4M | $1.9M 78c | SOFR+525 bp PIK 2.75% | Aug 31, 2028 |
| S•••• G••••• S•••••••• A••••••••• I•• Specialized Consumer Services | term loan first lien | $1.9M | $1.9M 100c | SOFR+500 bp | May 6, 2029 |
| B••••••••• F•••••••• L•• H••••• C••• Services | delayed draw term loan first lien | $1.8M | $1.8M 101c | SOFR+475 bp | Nov 20, 2031 |
| R•••••• S••••••• S•••••••• L•• Specialized Consumer Services | revolver first lien | $1.9M | $1.8M 98c | SOFR+575 bp | Nov 27, 2029 |
| A• C•••••• A••••••••• C••••••••• H••••• C••• Services | delayed draw term loan first lien | $1.8M | $1.8M 101c | SOFR+525 bp | Jul 2, 2031 |
| D•• M••••••••• L•• H••••• C••• Services | term loan first lien | $1.8M | $1.7M 96c | SOFR+550 bp | Dec 18, 2027 |
| L•••••• L•• Electrical Components & Equipment | delayed draw term loan first lien | $1.6M | $1.6M 102c | SOFR+600 bp | Mar 21, 2030 |
| M•••••• P•••••••• H•••••• L•• Specialized Consumer Services | equity equity | n/a | $1.6M 138c | ||
| F••••• C••• A••••••••• L•• H••••• C••• Services | revolver first lien | $1.5M | $1.5M 104c | SOFR+525 bp | Dec 30, 2028 |
| P•••• P••••• Co Inc. Application Software | delayed draw term loan first lien | $1.5M | $1.5M 101c | SOFR+500 bp | Sep 16, 2028 |
| L••••••••• S••••••••• L•• Application Software | term loan first lien | $1.4M | $1.4M 99c | SOFR+600 bp | Mar 1, 2028 |
| N••••••• P••••• L•• Diversified Support Services | term loan first lien | $1.4M | $1.3M 100c | SOFR+450 bp | Oct 20, 2029 |
| A•• P•••••• I••••••••• H•••••••• I••. Electronic Components | delayed draw term loan first lien | $1.4M | $1.3M 95c | SOFR+650 bp PIK 4.75% | Oct 5, 2027 |
| D••••• E• C••••••• L•• Industrial Machinery & S••••••• & Components | revolver first lien | $1.5M | $1.3M 88c | SOFR+625 bp | Jun 21, 2028 |
| T••••••• W••••• H•••••• L•• H••••• C••• Services | delayed draw term loan first lien | $1.2M | $1.2M 105c | SOFR+450 bp | Aug 26, 2031 |
| K•• F••• 1•••••••• L• Diversified Support Services | equity equity | n/a | $1.2M 156c | ||
| B••• H•••••••• L•• P•••• & P•••••• P•••••••• P••••••• & M•••••••s | equity equity | n/a | $1.2M 95c | ||
| D•••••• E••••••••• S•••••••• L•• IT Consulting & Other Services | term loan first lien | $1.1M | $1.1M 98c | SOFR+500 bp | Apr 25, 2030 |
| P•• B••••• L•• Air Freight & Logistics | revolver first lien | $1.1M | $1.0M 96c | SOFR+700 bp | Nov 22, 2029 |
| P••••••• C••• (Itc) Holdings, LLC H••••• C••• Services | equity equity | n/a | $1.0M 54c | ||
| T•••• H••••••••• B••••• L•• H••••• C••• Services | revolver first lien | $1.1M | $1.0M 92c | SOFR+600 bp | Feb 27, 2030 |
| L••• A•• P•••••••• L•• Industrial Machinery & S••••••• & Components | revolver first lien | $1.0M | $1.0M 108c | SOFR+700 bp | Jan 9, 2029 |
| R••••••••• I•• Application Software | delayed draw term loan first lien | $1.0M | $994,687 98c | SOFR+525 bp | Sep 18, 2031 |
| M•••••• P•••••••• P•••••••• LLC Specialized Consumer Services | delayed draw term loan first lien | $1.0M | $993,239 100c | SOFR+500 bp | Jun 13, 2031 |
| L••••••• I••••••••• I•• L•• H••••• C••• Services | term loan first lien | $997,500 | $987,525 100c | SOFR+525 bp | May 20, 2030 |
| S•••• G••••• S•••••••• A••••••••• I•• Specialized Consumer Services | term loan first lien | $995,000 | $986,045 100c | SOFR+500 bp | May 6, 2029 |
| B•••••• P••• A••••••••• o• E•• C•••••• L•• Diversified Financial Services | term loan first lien | $990,000 | $986,040 101c | SOFR+475 bp | Nov 1, 2030 |
| A• C•••••• A••••••••• C••••••••• H••••• C••• Services | term loan first lien | $990,000 | $980,100 99c | SOFR+525 bp | Jul 2, 2031 |
| N•• A••••••••• C• L•• Research & Consulting Services | delayed draw term loan first lien | $959,036 | $959,036 102c | SOFR+450 bp | Jul 16, 2030 |
| S•• D••••••••• LLC Air Freight & Logistics | term loan first lien | $904,391 | $904,391 100c | 8.00% PIK 8.00% | Jul 13, 2026 |
| D•••••••• P••• W•••• Environmental & Facilities Services | delayed draw term loan first lien | $903,689 | $903,689 104c | SOFR+500 bp | Aug 16, 2031 |
| E•• B••••• L•• Electronic Components | term loan first lien | $896,482 | $896,482 101c | SOFR+450 bp | Jan 10, 2029 |
| T•• S•••••• D••• L•• H••••• C••• Services | delayed draw term loan first lien | $896,707 | $889,238 100c | SOFR+525 bp | Apr 4, 2029 |
| P•••• • P•••••• P•••••••• P••••••• • M••••••• S•••••• F•••••••• C••••••••• | revolver first lien | $923,032 | $875,773 104c | SOFR+475 bp | Aug 15, 2029 |
| T••••••• I•• Aerospace & Defense | revolver first lien | $879,121 | $874,725 101c | SOFR+600 bp | Feb 28, 2030 |
| P•••• F••• I•••••••••, Inc. Specialty Chemicals | term loan first lien | $851,481 | $851,481 101c | SOFR+500 bp | Apr 4, 2031 |
| I•••••• T••••••••• O•••••••• L•• IT Consulting & Other Services | term loan first lien | $851,215 | $851,215 101c | SOFR+525 bp | Mar 31, 2031 |
| L••• Air P••••••• Aggregator LLC Industrial Machinery & S••••••• & Components | equity equity | n/a | $850,000 85c | ||
| CCI Packaged F•••• & Meats | term loan first lien | $983,246 | $840,676 87c | SOFR+725 bp PIK 5.50% | Oct 18, 2029 |
| T••• P•••••••• L•• Building P••••••• | term loan first lien | $822,514 | $822,514 101c | SOFR+450 bp | Jun 25, 2031 |
| Q•••• R•••••• Topco, LLC Specialized Consumer Services | equity equity | n/a | $731,148 223c | ||
| T••••••• I••••••••• Inc Aerospace & Defense | term loan first lien | $707,143 | $707,143 101c | SOFR+475 bp | Jan 13, 2031 |
| N•••••• A••••••••• L•• Packaged F•••• & Meats | term loan first lien | $701,022 | $699,620 101c | SOFR+600 bp | May 23, 2030 |
| N• O•••• M••••••••• S•••••••• L•• H••••• C••• Services | delayed draw term loan first lien | $705,882 | $688,235 100c | SOFR+500 bp | Dec 13, 2030 |
| W•••• H••••• C••••••••• L•• Life Sciences Tools & Services | revolver first lien | $694,570 | $687,624 100c | SOFR+475 bp | Oct 23, 2028 |
| W•••••• Opco LLC Electrical Components & Equipment | term loan first lien | $739,578 | $680,412 93c | SOFR+600 bp | Mar 27, 2030 |
| D•••••• E••••••••• S•••••••• L•• IT Consulting & Other Services | delayed draw term loan first lien | $676,719 | $648,010 97c | SOFR+500 bp | Apr 25, 2030 |
| S•• B•••• G•••• H•••••••• L•• Packaged F•••• & Meats | term loan first lien | $638,036 | $638,036 101c | SOFR+475 bp | May 1, 2031 |
| Wci-Bxc Investment Holdings LP Life Sciences Tools & Services | equity equity | n/a | $626,351 103c | ||
| D••••• E• C••••••• L•• Industrial Machinery & S••••••• & Components | term loan first lien | $668,148 | $617,369 95c | SOFR+625 bp PIK 2.25% | Jun 21, 2028 |
| E•••••••• PT T••••••••• Holdings LLC Industrial Machinery & S••••••• & Components | preferred equity equity | n/a | $590,248 107c | ||
| P•••• • P•••••• P•••••••• P••••••• • M••••••• F••••••• I••••••••• L•• | term loan first lien | $577,500 | $571,725 100c | SOFR+525 bp | Feb 4, 2031 |
| M•• S•••••••• L•• Office Services & S••••••• | revolver first lien | $663,462 | $566,827 88c | SOFR+550 bp | Aug 14, 2030 |
| M•••• F•••• I••••••••• L•• Packaged F•••• & Meats | term loan first lien | $557,536 | $557,536 101c | SOFR+625 bp | Apr 30, 2029 |
| M•••••••, LLC Trading Companies & Distributors | delayed draw term loan first lien | $555,977 | $554,865 104c | SOFR+500 bp | Jun 7, 2031 |
| E•••••••• B••••• I••••••••• H•••••• C•••••• Diversified Support Services | term loan first lien | $520,147 | $520,147 101c | SOFR+500 bp | Jun 17, 2030 |
| C•••• I•• H••••• C••• S••••••• | term loan first lien | $514,915 | $508,736 100c | SOFR+575 bp | Mar 19, 2030 |
| A•• P•••••• I••••••••• H•••••••• I••. Electronic Components | revolver first lien | $602,127 | $500,357 86c | SOFR+650 bp PIK 4.75% | Oct 5, 2027 |
| V•• M•••••• U• B••••• L•• H••••• C••• Services | term loan first lien | $498,750 | $498,750 101c | SOFR+525 bp | Dec 12, 2028 |
| F•• P••••••• L•• Human Resource & Employment Services | preferred equity equity | n/a | $495,060 59c | ||
| P••••••• C••• (Itc) I••••••••• Holdings, LLC H••••• C••• Services | term loan unsecured or subordinated | $500,000 | $491,250 99c | SOFR+1000 bp PIK 10.00% | Mar 17, 2029 |
| M•••• F•••• I••••••••• L•• Packaged F•••• & Meats | delayed draw term loan first lien | $486,147 | $486,147 101c | SOFR+625 bp | Apr 30, 2029 |
| Q•••• R•••••• A••••••••• L•• Specialized Consumer Services | term loan first lien | $488,763 | $478,987 99c | SOFR+575 bp | Dec 22, 2029 |
| VIP M•••••• Holdings, LLC H••••• C••• Services | preferred equity equity | n/a | $469,260 103c | ||
| S•••••••• F••••, LLC Packaged F•••• & Meats | revolver first lien | $537,653 | $465,070 103c | SOFR+500 bp | Aug 22, 2029 |
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
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