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

S•••••• P•••••• C••••• B••

BDCnon-tradedCIK 1901037file 814-01475HOUSTON, TXmanaged by S•••••• P•••••• B•• A••••••• L••

Fair value

$421M

as of Jun 30, 2026

Principal held

$384M

debt pieces, the filer's figure

Cost

$410M

103c on cost

Unfunded

n/a

commitments not yet drawn

Positions

337

89 borrowers

First lien

93% debt by fair value

Quarters on the tape

since Sep 30, 2022

Facilities held

194

18 sponsors financed

Portfolio through time

Fair value by quarter end$421M as of Jun 30, 2026

Sep 30, 2022$127M then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2026	$421M	89	100c	15	560 bp
Mar 31, 2026	$405M	84	99c	7	570 bp
Dec 31, 2025	$540M	88	100c	6	573 bp
Sep 30, 2025	$376M	83	100c	10	585 bp
Jun 30, 2025	$340M	78	100c	12	593 bp
Mar 31, 2025	$335M	76	100c	10	616 bp
Dec 31, 2024	$574M	74	99c	15	604 bp
Sep 30, 2024	$257M	65	100c	13	619 bp
Jun 30, 2024	$254M	63	100c	8	657 bp
Mar 31, 2024	$216M	53	100c	8	668 bp
Dec 31, 2023	$410M	52	100c	12	656 bp
Sep 30, 2023	$212M	47	101c	3	634 bp
Jun 30, 2023	$188M	44	100c	0	628 bp
Mar 31, 2023	$165M	39	100c	0	614 bp
Dec 31, 2022	$188M	35	100c	0	613 bp
Sep 30, 2022	$127M	31	99c	0	606 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 scheduleJun 30, 2026
O• R•• L•• first appears in a BDC schedule (2 lenders)
New borrower on a BDC scheduleJun 30, 2026
V••••••••• P••••••••• L•• first appears in a BDC schedule (2 lenders)
New lender joined a facilityJun 30, 2026
S•••••• P•••••• C••••• B•• joins E•••• C••• O••• L•• delayed draw (unknown) held by 2 other BDCs
Marked down (one lender)Jun 30, 2026
S•••••• P•••••• C••••• B••: fair value markdown in E•••• I••••••••• I•• L•• (100 to 87 cents on cost)
Spread increasedJun 30, 2026
S•••••• P•••••• C••••• B••: spread increased in S•••••• C••••••••• L•••••• (5.75% to 6.25%)
PIK interest appearsJun 30, 2026
S•••••• P•••••• C••••• B••: pik added in M•••••••• H••••••• L•• (0.00% to 6.00%)
PIK interest appearsJun 30, 2026
S•••••• P•••••• C••••• B••: pik added in M•••••••• H••••••• L•• (0.00% to 6.00%)
PIK interest appearsJun 30, 2026
S•••••• P•••••• C••••• B••: pik added in M•••••••• H••••••• L•• (0.00% to 6.00%)
PIK interest appearsJun 30, 2026
S•••••• P•••••• C••••• B••: pik added in H• W•••••••• H•••••••• L•• (0.00% to 6.00%)
PIK interest appearsJun 30, 2026
S•••••• P•••••• C••••• B••: pik added in S•••••• C••••••••• L•••••• (0.00% to 0.50%)
Maturity extended (observed)Jun 30, 2026
S•••••• P•••••• C••••• B••: maturity extended in M•••••••• H••••••• L•• (2027-05-24 to 2029-05-30)
New borrower on a BDC scheduleJun 30, 2026
e•••• H•••••• L•• first appears in a BDC schedule (1 lender)
New borrower on a BDC scheduleMar 31, 2026
S•••••• H••••• P••••••• M••• L•• first appears in a BDC schedule (2 lenders)
Lender left a facilityMar 31, 2026
S•••••• P•••••• C••••• B•• no longer holds I••••• I••••••••• S•••••• I••••••••• revolver after 2026-03-31; 1 BDC(s) still hold it
Marked down (one lender)Mar 31, 2026
S•••••• P•••••• C••••• B••: fair value markdown in R•••••••• O•••• L•• (181 to 167 cents on cost)
Marked down (one lender)Mar 31, 2026
S•••••• P•••••• C••••• B••: fair value markdown in H• W•••••••• H•••••••• L•• (67 to 58 cents on cost)
Marked down (one lender)Mar 31, 2026
S•••••• P•••••• C••••• B••: fair value markdown in H• W•••••••• H•••••••• L•• (67 to 58 cents on cost)
Marked down (one lender)Mar 31, 2026
S•••••• P•••••• C••••• B••: fair value markdown in H• W•••••••• H•••••••• L•• (67 to 58 cents on cost)
Marked down (one lender)Mar 31, 2026
S•••••• P•••••• C••••• B••: fair value markdown in M•••••••• H••••••• L•• (110 to 30 cents on cost)
PIK interest appearsMar 31, 2026
S•••••• P•••••• C••••• B••: pik added in E••••• L•• (0.00% to 9.71%)

Every position change, including routine ones

Largest facilities held, with co-lenders

C•••••• P••••••• S•••••• S•••••••• L•• term loan
2 BDCs hold it · matures Nov 22, 2027 · Q•• C••••••• L•••
$9.2M 101c
P•••• P•••• G•••• A••••••••• I•• term loan
2 BDCs hold it · matures Dec 18, 2030
$9.0M 101c
A•• R•••••••• I•• term loan
2 BDCs hold it · matures Jun 22, 2029
$8.3M 99c
A•••• O••• L•• first lien term loan
1 BDC hold it · matures Jul 1, 2029
$8.2M 101c
M•••••••• C••••• A••••••••• I•• term loan
2 BDCs hold it · matures Sep 2, 2027 · S•••••• C•••••• M••••••••• L••
$8.1M 100c
V••••••••• P••••••••• L•• term loan
2 BDCs hold it · matures Apr 3, 2031
$7.8M 100c
A••• P••••••• A••• L•• delayed draw term loan
2 BDCs hold it · matures Dec 31, 2030 · S•••••• C•••••• M••••••••• L••
$7.8M 100c
G•••••• C••• term loan
2 BDCs hold it · matures Mar 12, 2029
$7.5M 102c
D•• E••••••••• L•• term loan
2 BDCs hold it · matures Sep 22, 2030
$7.3M 102c
S•••••• H••••• P••••••• M••• L•• term loan
2 BDCs hold it · matures Mar 6, 2031
$7.3M 100c
C••••••• S••••••• A•••••••• L•• term loan
2 BDCs hold it · matures Sep 19, 2030
$7.2M 99c
I••••••• T•••• G•••• S••••••••• I•• term loan
2 BDCs hold it · matures Feb 28, 2030 · K•••••••• C•••••• M••••••••• L•••
$7.0M 101c

Schedule of investments at Jun 30, 2026

337 positions

Borrower	Instrument	Principal	Fair value	Rate	Maturity
S•••••• H••••• P••••••• M••• L••	term loan lien unstated	$7.3M	$7.2M 100c	SOFR+500 bp	Mar 6, 2031
O• R•• L••	term loan lien unstated	$6.5M	$6.4M 100c	SOFR+550 bp	Apr 27, 2031
C•••••• P••••••• S•••••• Services, L L C	term loan lien unstated	$5.6M	$5.6M 101c	SOFR+625 bp	Nov 22, 2027
A•• R•••••••• I••.	term loan lien unstated	$5.1M	$5.0M 99c	SOFR+550 bp	Jun 22, 2029
V••••••••• P••••••••• L••	term loan lien unstated	$5.1M	$5.0M 100c	SOFR+525 bp	Apr 3, 2031
M•••••••• C••••• A••••••••• I••	term loan lien unstated	$5.0M	$5.0M 100c	SOFR+550 bp	Sep 2, 2027
I••••••• T•••• G•••• S••••••••• I••.	term loan lien unstated	$5.0M	$4.9M 101c	SOFR+550 bp	Feb 28, 2030
D•• E••••••••• L••	term loan lien unstated	$4.9M	$4.9M 102c	SOFR+500 bp	Sep 22, 2030
P•••• P•••• G•••• A••••••••• I••.	term loan lien unstated	$4.9M	$4.9M 101c	SOFR+525 bp	Dec 18, 2030
C••••••• S••••••• A•••••••• L••	term loan lien unstated	$5.0M	$4.8M 99c	SOFR+525 bp	Sep 19, 2030
B••• a••; Associates, LLC	delayed draw term loan lien unstated	$4.6M	$4.6M 101c	SOFR+500 bp	Aug 16, 2030
G•••••• C•••.	term loan lien unstated	$4.6M	$4.6M 102c	SOFR+650 bp	Mar 12, 2029
O•••••• I••••••••• S•••••••• L••	term loan lien unstated	$4.5M	$4.5M 101c	SOFR+600 bp	Nov 16, 2027
T•••• 2•• L••	term loan lien unstated	$4.5M	$4.5M 102c	SOFR+450 bp	Dec 30, 2030
S••••• C•••••••• H••••••• L••	term loan lien unstated	$4.6M	$4.5M 99c	SOFR+550 bp	Jan 9, 2031
P••• U•••• H••••• L••	term loan lien unstated	$4.5M	$4.4M 100c	SOFR+475 bp	Dec 3, 2031
A•••• O••• L••	term loan first lien	$4.3M	$4.3M 101c	SOFR+525 bp	Jul 1, 2029
S••••••••• L••	term loan lien unstated	$4.1M	$4.0M 100c	SOFR+500 bp	Jan 27, 2031
P•••• P•••• G•••• A••••••••• I••.	term loan lien unstated	$4.1M	$4.0M 101c	SOFR+525 bp	Dec 18, 2030
M•••••••• Holding LLC	term loan lien unstated	$4.1M	$4.0M 98c	9.00% PIK 6.00%	May 30, 2029
I•••••• B•••• LLC	term loan lien unstated	$3.9M	$3.9M 100c	SOFR+575 bp	Aug 15, 2028
T•• M••••••••• A••••••• L••	term loan lien unstated	$3.7M	$3.6M 99c	SOFR+475 bp	Jul 31, 2031
P•••••• S•••••• H•••••••• L••	term loan lien unstated	$3.6M	$3.6M 101c	SOFR+500 bp	Jan 10, 2030
C•••••• P••••••• S•••••• S•••••••• L••	term loan lien unstated	$3.6M	$3.6M 101c	SOFR+625 bp	Nov 22, 2027
N•••••• M•••••• A••••••••• I••.	term loan lien unstated	$3.6M	$3.6M 100c	SOFR+525 bp	Oct 31, 2029
S••• I••••••••• L••	term loan lien unstated	$3.5M	$3.5M 101c	SOFR+550 bp	Jun 13, 2029
E•••• C••••••••• L••	term loan lien unstated	$3.5M	$3.5M 101c	SOFR+650 bp	Dec 7, 2028
P•••••••• S••••••••• L••	term loan lien unstated	$3.5M	$3.5M 100c	SOFR+500 bp	Mar 3, 2031
C•••••• 3•• A••••••••• L••	term loan lien unstated	$3.6M	$3.4M 97c	SOFR+650 bp PIK 1.50%	Aug 2, 2028
A••••••••• L•• T••• A• L•••	unstated lien unstated	$3.4M	$3.4M 101c	SOFR+600 bp	Dec 12, 2028
E••••• L••	term loan lien unstated	n/a	$3.3M 94c	SOFR+550 bp PIK 9.69%	Dec 19, 2029
i••••• I••••••••• S•••••• I•••••••••	term loan lien unstated	$3.4M	$3.3M 100c	SOFR+525 bp	Dec 17, 2030
A•• R•••••••• I••	term loan lien unstated	$3.2M	$3.2M 99c	SOFR+550 bp	Jun 22, 2029
M••••••••-C••••• A•••••••••, Inc.	term loan lien unstated	$3.2M	$3.2M 100c	SOFR+550 bp	Sep 2, 2027
M•••••• B••••••••• T••••••• L••	term loan lien unstated	$3.1M	$3.1M 101c	SOFR+500 bp	Jun 6, 2030
W•••••••• R•••••••• H•••••••• L••	term loan lien unstated	$3.1M	$3.1M 100c	6.00% PIK 6.00%	Jul 2, 2029
T••••••••• A••••••••• H••••••• L••	term loan lien unstated	$3.0M	$3.0M 101c	SOFR+525 bp	May 31, 2029
M•••••••• L••	delayed draw term loan lien unstated	$2.9M	$2.9M 101c	SOFR+500 bp	Dec 21, 2028
T••••••••• A••••••••• H••••••• L••, T••••••••• H••••• LLC	equity equity	n/a	$2.9M 876c
G•••••• C•••.	term loan lien unstated	$2.9M	$2.9M 102c	SOFR+650 bp	Mar 12, 2029
V•••• B•••• L••	term loan lien unstated	$2.9M	$2.9M 100c	SOFR+475 bp	Dec 23, 2031
R•• A••••••• B•••••••• L••	term loan lien unstated	$2.9M	$2.9M 101c	SOFR+550 bp	Aug 2, 2027
T•• H••••••••• G••••• I••.	term loan lien unstated	$2.8M	$2.8M 101c	SOFR+600 bp	Aug 7, 2028
L•••••••• I••••••••• I•• L••	term loan lien unstated	$2.8M	$2.8M 100c	SOFR+600 bp	Jun 5, 2028
C•••••••• I••••••••• I• I••.	term loan lien unstated	$2.8M	$2.8M 101c	SOFR+550 bp	Jun 30, 2028
A•••• O••• L••	term loan first lien	$2.8M	$2.8M 101c	SOFR+525 bp	Jul 1, 2029
C•••••• P••••••• I••••••••• L••	term loan lien unstated	$2.8M	$2.8M 100c	SOFR+675 bp	Feb 7, 2027
P••• D•••• B•••• L••	term loan lien unstated	$2.8M	$2.7M 100c	SOFR+525 bp	Jan 16, 2031
D•• S•••••• R•••••••• L••	delayed draw term loan lien unstated	$2.7M	$2.7M 101c	SOFR+500 bp	Aug 22, 2031
V••••••••• P••••••••• L••	term loan lien unstated	$2.7M	$2.7M 100c	SOFR+525 bp	Apr 3, 2031
S•••••• A••••••••• L••	term loan lien unstated	$2.7M	$2.7M 100c	SOFR+525 bp	Apr 13, 2032
M•• M••••••••• L••	term loan lien unstated	$2.6M	$2.6M 101c	SOFR+500 bp	Nov 15, 2029
2• L••	delayed draw term loan lien unstated	$2.6M	$2.6M 101c	SOFR+500 bp	Jun 5, 2028
V•••• B•••• L••	delayed draw term loan lien unstated	$2.6M	$2.6M 100c	SOFR+475 bp	Dec 23, 2031
M•••••• L•••• H•••••••• I••	term loan lien unstated	$2.9M	$2.6M 91c	SOFR+700 bp	Dec 30, 2028
I••••• H••• S••••••• L••	term loan lien unstated	$2.6M	$2.6M 100c	SOFR+850 bp	Apr 28, 2028
C••••• H•••••••• L••	term loan lien unstated	$2.5M	$2.5M 101c	SOFR+550 bp	Dec 31, 2028
A••• A••••••••• L••	term loan lien unstated	$2.5M	$2.5M 101c	SOFR+450 bp	Dec 4, 2029
A••• P••••••• A••• L••	delayed draw term loan lien unstated	$2.4M	$2.4M 99c	SOFR+475 bp	Dec 31, 2030
M•••••••• Holding LLC	term loan lien unstated	$2.5M	$2.4M 98c	9.00% PIK 6.00%	May 30, 2029
R•••• A•• N••••••• L••	term loan lien unstated	$2.4M	$2.4M 101c	SOFR+450 bp	Jan 31, 2029
E•••• LLC	term loan lien unstated	$2.8M	$2.4M 87c	SOFR+625 bp	Mar 16, 2027
D•• E••••••••• L••	term loan lien unstated	$2.4M	$2.4M 102c	SOFR+500 bp	Sep 22, 2030
E•••• C••• O••• L••	term loan lien unstated	$2.4M	$2.4M 100c	SOFR+475 bp	Jul 31, 2030
M••••••••• G••••• L••	term loan lien unstated	$2.3M	$2.3M 100c	SOFR+550 bp	Dec 30, 2027
S•••• S•••••• H•••••• L••	delayed draw term loan lien unstated	$2.3M	$2.3M 101c	SOFR+525 bp	Jun 6, 2030
E••••••••• R•••••••• L••	term loan lien unstated	$2.3M	$2.3M 100c	SOFR+525 bp	Jan 15, 2030
N•••••• M•••••• A••••••••• I••.	term loan lien unstated	$2.3M	$2.3M 100c	SOFR+525 bp	Oct 31, 2029
S••• I••••••••• L••	term loan lien unstated	$2.2M	$2.2M 101c	SOFR+550 bp	Jun 13, 2029
American R•••••••••	term loan lien unstated	$2.2M	$2.2M 101c	SOFR+500 bp	Mar 31, 2028
C•••••• 3•• A••••••••• L••	term loan lien unstated	$2.3M	$2.2M 97c	SOFR+650 bp PIK 1.50%	Aug 2, 2028
A••••••••• L••	term loan lien unstated	$2.2M	$2.2M 101c	SOFR+600 bp	Dec 12, 2028
C••••••• S••••••• A•••••••• L••	term loan lien unstated	$2.2M	$2.2M 99c	SOFR+525 bp	Sep 19, 2030
I••••••••• C••••••••• A••••••••• L••	term loan lien unstated	$2.2M	$2.1M 100c	SOFR+525 bp	Jun 3, 2030
M••••••• A••••••••• L••	term loan lien unstated	$2.1M	$2.1M 100c	SOFR+500 bp	Jun 7, 2031
C•••••••• B••••• I••.	term loan lien unstated	$2.1M	$2.1M 99c	SOFR+525 bp	Dec 20, 2030
C••••• H•••••••• L••	term loan lien unstated	$2.0M	$2.0M 101c	SOFR+550 bp	Dec 31, 2028
B••• a••; Associates, LLC	term loan lien unstated	n/a	$2.0M 101c	SOFR+500 bp	Aug 16, 2030
I••••••• T•••• G•••• S••••••••• I••.	term loan lien unstated	$2.0M	$2.0M 101c	SOFR+550 bp	Feb 28, 2030
T•••• 2•• L••	term loan lien unstated	$2.0M	$2.0M 102c	SOFR+450 bp	Dec 30, 2030
M•••••• B••••••••• T••••••• L••	term loan lien unstated	$2.0M	$2.0M 101c	SOFR+500 bp	Jun 6, 2030
M•••••••• L••	delayed draw term loan lien unstated	$1.9M	$1.9M 101c	SOFR+500 bp	Dec 21, 2028
M••••••• A••••••••• L••	term loan lien unstated	$1.9M	$1.9M 100c	SOFR+500 bp	Jun 7, 2031
E••••• L••	delayed draw term loan lien unstated	$2.0M	$1.9M 93c	SOFR+550 bp PIK 9.84%	Dec 19, 2029
F••••••• H•••••••• L••	term loan lien unstated	$1.8M	$1.8M 101c	SOFR+675 bp	Apr 1, 2029
S••••••••• L••	term loan lien unstated	$1.8M	$1.8M 100c	SOFR+500 bp	Jan 27, 2031
T•• H••••••••• G••••• I••.	term loan lien unstated	$1.8M	$1.8M 101c	SOFR+600 bp	Aug 7, 2028
L•••••••• I••••••••• I•• L••	term loan lien unstated	$1.8M	$1.8M 100c	SOFR+600 bp	Jun 5, 2028
C•••••••• I••••••••• I• I••.	term loan lien unstated	$1.8M	$1.8M 101c	SOFR+550 bp	Jun 30, 2028
F•••• S•••••• I••.	term loan lien unstated	$1.8M	$1.8M 100c	SOFR+550 bp	Oct 17, 2031
O•••••• I••••••••• S•••••••• L••	term loan lien unstated	$1.8M	$1.8M 101c	SOFR+600 bp	Nov 16, 2027
C•••••• P••••••• I••••••••• L••	term loan lien unstated	$1.8M	$1.8M 100c	SOFR+675 bp	Feb 7, 2027
2• L••	term loan lien unstated	$1.8M	$1.8M 101c	SOFR+500 bp	Jun 5, 2028
2• L••	term loan lien unstated	$1.7M	$1.7M 101c	SOFR+500 bp	Jun 5, 2028
M•••••• L•••• H•••••••• I••.	term loan lien unstated	$1.9M	$1.7M 91c	SOFR+700 bp	Dec 30, 2028
I•••••• B••••• L••	delayed draw term loan lien unstated	$1.6M	$1.6M 100c	SOFR+575 bp	Aug 15, 2028
P•••••• S•••••• H•••••••• L••	term loan lien unstated	$1.6M	$1.6M 101c	SOFR+500 bp	Jan 10, 2030
M•••••••• H••••••• L••	delayed draw term loan lien unstated	$1.6M	$1.6M 98c	9.00% PIK 6.00%	May 30, 2029
S•••• S•••••• H•••••• L••	term loan lien unstated	$1.6M	$1.6M 102c	SOFR+525 bp	Jun 6, 2030
A••• P••••••• A••• L••	delayed draw term loan lien unstated	$1.6M	$1.6M 100c	SOFR+475 bp	Dec 31, 2030

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Registration

Fiscal year end: 1231reported
Incorporated: DEreported
On the SEC BDC report: 2026 to 2026reported
Filings listed: 18reported10-Q and 10-K since 2022
Latest schedule: 0001104659-26-094771reported