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.
BDC portfolio
Golub Capital Direct Lending Unlevered Corp
Fair value
$396M
as of Jun 30, 2026
Principal held
$398M
debt pieces, the filer's figure
Cost
$398M
100c on cost
Unfunded
n/a
commitments not yet drawn
Positions
695
205 borrowers
First lien
99%
99% debt by fair value
Quarters on the tape
15
since Sep 30, 2022
Facilities held
245
36 sponsors financed
Portfolio through time
Fair value by quarter end$396M as of Jun 30, 2026
Sep 30, 2022$54.0M then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $396M | 205 | 99c | 75 | 513 bp |
| Mar 31, 2026 | $395M | 207 | 99c | 75 | 515 bp |
| Dec 31, 2025 | $392M | 202 | 101c | 64 | 519 bp |
| Sep 30, 2025 | $778M | 183 | 101c | 115 | 528 bp |
| Jun 30, 2025 | $362M | 160 | 101c | 54 | 529 bp |
| Mar 31, 2025 | $342M | 149 | 101c | 46 | 540 bp |
| Dec 31, 2024 | $327M | 141 | 101c | 42 | 547 bp |
| Sep 30, 2024 | $296M | 129 | 101c | 44 | 566 bp |
| Jun 30, 2024 | $267M | 116 | 101c | 34 | 578 bp |
| Mar 31, 2024 | $205M | 97 | 101c | 32 | 611 bp |
| Dec 31, 2023 | $176M | 89 | 100c | 30 | 618 bp |
| Sep 30, 2023 | $111M | 68 | 100c | 29 | 629 bp |
| Jun 30, 2023 | $92.3M | 55 | 100c | 22 | 648 bp |
| Mar 31, 2023 | $84.9M | 50 | 100c | 16 | 637 bp |
| Sep 30, 2022 | $54.0M | 36 | 99c | 5 | 611 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
- Marked down (one lender)Jun 30, 2026
- Spread increasedJun 30, 2026
- PIK interest appearsJun 30, 2026
- Lender left a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 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
- Spread increasedMar 31, 2026
- Spread increasedMar 31, 2026
- Spread increasedMar 31, 2026
Largest facilities held, with co-lenders
- Anaplan, Inc first lien term loan26 BDCs hold it · matures Jun 21, 2029$9.2M 98c
- Hyland Software, Inc first lien term loan23 BDCs hold it · matures Sep 19, 2030 · Thoma Bravo$7.1M 98c
- Quick Quack Car Wash Holdings, LLC first lien term loan9 BDCs hold it · matures Jun 10, 2031 · Seidler Kutsenda Management Company, LLC$6.9M 101c
- PPV Intermediate Holdings, LLC first lien term loan24 BDCs hold it · matures Aug 1, 2030$6.8M 99c
- Crewline Buyer, Inc first lien term loan27 BDCs hold it · matures Nov 30, 2030 · Francisco Partners$6.2M 99c
- ReliaQuest Holdings, LLC first lien term loan6 BDCs hold it · matures Apr 1, 2031 · Finback Investment Partners$6.1M 100c
- Togetherwork Holdings, LLC first lien term loan6 BDCs hold it · matures May 1, 2031 · GI Partners$6.1M 97c
- Cavender Stores L.P first lien term loan6 BDCs hold it · matures Oct 1, 2029$6.0M 101c
- Apex Service Partners, LLC first lien term loan35 BDCs hold it · matures Oct 24, 2030 · Alpine Investors$5.9M 101c
- Navex Global Holdings Corporation first lien term loan15 BDCs hold it · matures Oct 31, 2032$5.8M 99c
- PPW Aero Buyer, Inc first lien term loan15 BDCs hold it · matures Sep 30, 2031 · Greenbriar Equity Group$5.7M 101c
- National Express Wash Parent Holdco, LLC first lien term loan8 BDCs hold it · matures Jul 1, 2029$5.5M 100c
Schedule of investments at Jun 30, 2026
695 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| Salisbury House, LLC | term loan first lien | $1.2M | $1.2M 100c | S+475 bp | |
| bswift, LLC | term loan first lien | $1.2M | $1.2M 99c | S+475 bp | |
| SDC Holdco, LLC | term loan first lien | $1.2M | $1.2M 100c | S+438 bp | |
| RTI Surgical, Inc. | term loan first lien | $1.2M | $1.2M 100c | S+475 bp | |
| Spindrift Beverage Co. Inc. | term loan first lien | $1.2M | $1.2M 101c | S+500 bp | |
| Financial Information Technologies, LLC | term loan first lien | $1.1M | $1.1M 99c | S+475 bp | |
| CHVAC Services Investment, LLC | term loan first lien | $1.1M | $1.1M 99c | S+475 bp | |
| Arrow Buyer, Inc. | term loan first lien | $1.1M | $1.1M 101c | S+500 bp | |
| Apex Service Partners, LLC | term loan first lien | $1.1M | $1.1M 101c | S+500 bp | |
| CHA Vision Holdings, Inc. | term loan first lien | $1.0M | $1.0M 100c | S+500 bp | |
| Quick Quack Car Wash Holdings, LLC | equity equity | n/a | $1.0M 137c | ||
| Collision SP Subco, LLC | term loan first lien | $1.0M | $1.0M 101c | S+475 bp | |
| Goldcup 31018 AB | term loan first lien | $971,000 | $932,000 108c | S+637 bp PIK 8.50% | |
| Baxter Planning Systems, LLC | term loan first lien | $957,000 | $914,000 96c | S+625 bp PIK 3.38% | |
| Majesco | term loan first lien | $923,000 | $909,000 99c | S+450 bp | |
| Equity Methods, LLC | term loan first lien | $907,000 | $894,000 99c | S+450 bp | |
| Yorkshire Parent, Inc. | term loan first lien | $891,000 | $887,000 100c | S+450 bp | |
| Eclipse Buyer, Inc. | term loan first lien | $890,000 | $872,000 99c | S+450 bp | |
| GTIV, LLC | term loan first lien | $863,000 | $850,000 99c | S+450 bp | |
| BlueMatrix Holdings, LLC | term loan first lien | $859,000 | $846,000 99c | S+475 bp | |
| Dispatch Acquisition Holdings, LLC | term loan first lien | $846,000 | $842,000 100c | S+475 bp | |
| Espresso Bidco, Inc. | term loan first lien | $834,000 | $817,000 99c | S+575 bp PIK 3.13% | |
| Island Bidco AB | term loan first lien | $816,000 | $795,000 98c | S+700 bp PIK 3.50% | |
| IQN Holding Corp. | term loan first lien | $809,000 | $793,000 98c | S+525 bp | |
| Oakbridge Insurance Agency LLC | term loan first lien | $799,000 | $792,000 100c | S+475 bp | |
| Rainforest Bidco Limited | term loan first lien | $796,000 | $780,000 110c | S+543 bp PIK 1.93% | |
| Caerus Midco 3 S.A.R.L. | term loan first lien | $767,000 | $751,000 99c | S+500 bp | |
| Trintech, Inc. | term loan first lien | $774,000 | $743,000 97c | S+475 bp | |
| Eagle Family Foods Group, LLC | term loan first lien | $742,000 | $742,000 101c | S+475 bp | |
| RJW Group Holdings, Inc. | term loan first lien | $739,000 | $733,000 100c | S+500 bp | |
| QF Holdings, Inc. | term loan first lien | $743,000 | $732,000 99c | S+450 bp | |
| Litera Bidco, LLC | term loan first lien | $738,000 | $726,000 99c | S+500 bp | |
| Color Intermediate, LLC | term loan first lien | $711,000 | $704,000 100c | S+475 bp | |
| CMI Parent Inc. | term loan first lien | $699,000 | $696,000 100c | S+450 bp | |
| Diamondback Acquisition, Inc. | term loan first lien | $717,000 | $692,000 97c | S+450 bp | |
| OSP Hamilton Purchaser, LLC | term loan first lien | $703,000 | $689,000 99c | S+475 bp | |
| Flexera Software, LLC | term loan first lien | $700,000 | $683,000 98c | S+450 bp | |
| GHX Ultimate Parent Corporation | term loan first lien | $681,000 | $681,000 100c | S+500 bp PIK 2.50% | |
| Armstrong Bidco Limited | term loan first lien | $678,000 | $668,000 108c | S+525 bp | |
| Bayou Intermediate II, LLC | term loan first lien | $671,000 | $665,000 100c | S+475 bp | |
| OSP Hamilton Purchaser, LLC | term loan first lien | $673,000 | $659,000 99c | S+425 bp | |
| AI Titan Parent, Inc. | term loan first lien | $655,000 | $635,000 98c | S+450 bp | |
| NSG Buyer, Inc. | equity equity | n/a | $631,000 159c | ||
| Zendesk, Inc. | term loan first lien | $644,000 | $628,000 98c | S+500 bp | |
| GTY Technology Holdings, Inc. | term loan first lien | $637,000 | $618,000 98c | S+663 bp PIK 4.13% | |
| Azurite Intermediate Holdings, Inc. | term loan first lien | $624,000 | $614,000 100c | S+600 bp | |
| Viper Bidco, Inc. | term loan first lien | $620,000 | $610,000 99c | S+450 bp | |
| Financial Information Technologies, LLC | term loan first lien | $615,000 | $609,000 100c | S+475 bp | |
| ABC Legal Holdings, LLC | term loan first lien | $617,000 | $605,000 98c | S+425 bp | |
| Any Hour, LLC | term loan first lien | $802,000 | $593,000 75c | PIK 13.00% | |
| PPV Intermediate Holdings, LLC | term loan first lien | $610,000 | $581,000 96c | PIK 13.75% | |
| Anaplan, Inc. | equity equity | n/a | $580,000 159c | ||
| Titan BW Borrower L.P. | term loan first lien | $585,000 | $578,000 100c | S+538 bp PIK 2.88% | |
| HuFriedy Group Acquisition, LLC | term loan first lien | $579,000 | $576,000 101c | S+550 bp | |
| Shout! Factory, LLC | term loan first lien | $566,000 | $558,000 99c | S+525 bp | |
| Healthmark Holdings, L.P. | term loan first lien | $561,000 | $554,000 99c | S+450 bp | |
| Barteca Restaurants, LLC | term loan first lien | $552,000 | $552,000 100c | S+600 bp | |
| Templafy APS and Templafy, LLC | term loan first lien | $552,000 | $544,000 99c | S+600 bp | |
| LDS Intermediate Holdings, LLC | term loan first lien | $546,000 | $541,000 100c | S+500 bp | |
| Crow River Buyer, Inc. | term loan first lien | $546,000 | $535,000 99c | S+500 bp | |
| MS Buyer, Inc. | term loan first lien | $513,000 | $505,000 99c | S+525 bp | |
| Island Bidco AB | term loan first lien | $508,000 | $497,000 106c | S+725 bp PIK 7.25% | |
| Bamboo US Bidco LLC | term loan first lien | $490,000 | $485,000 101c | S+525 bp | |
| HS Spa Holdings, Inc. | term loan first lien | $463,000 | $463,000 101c | S+525 bp | |
| Stellar Brands, LLC | term loan first lien | $458,000 | $458,000 101c | S+450 bp | |
| Kleinfelder Intermediate, LLC | term loan first lien | $457,000 | $456,000 102c | S+450 bp | |
| Yorkshire Parent, Inc. | term loan first lien | $439,000 | $435,000 100c | S+450 bp | |
| SCP CDH Buyer, Inc. | term loan first lien | $424,000 | $422,000 100c | S+450 bp | |
| JSG II, Inc. and Checkers USA, Inc. | term loan first lien | $419,000 | $417,000 100c | S+450 bp | |
| Smart Energy Systems, Inc. | term loan first lien | $416,000 | $416,000 102c | S+750 bp PIK 3.75% | |
| WU Holdco, Inc. | term loan first lien | $420,000 | $416,000 100c | S+475 bp | |
| CVP Holdco, Inc. | term loan first lien | $411,000 | $408,000 100c | S+475 bp | |
| BlueMatrix Holdings, LLC | term loan first lien | $407,000 | $399,000 99c | S+475 bp | |
| TIDI Legacy Products, Inc. | term loan first lien | $394,000 | $391,000 99c | S+450 bp | |
| BestPass, Inc. | term loan first lien | $398,000 | $390,000 98c | S+475 bp | |
| PSC Parent, Inc. | term loan first lien | $392,000 | $389,000 99c | S+525 bp | |
| OSP Hamilton Purchaser, LLC | term loan first lien | $391,000 | $383,000 98c | S+425 bp | |
| Salon Lofts Group, LLC | term loan second lien | $377,000 | $377,000 101c | S+900 bp PIK 12.73% | |
| Oakbridge Insurance Agency LLC | term loan first lien | $377,000 | $376,000 101c | S+500 bp | |
| Quick Quack Car Wash Holdings, LLC | term loan first lien | $364,000 | $364,000 101c | S+500 bp | |
| DISA Holdings Corp. | term loan first lien | $361,000 | $358,000 100c | S+500 bp | |
| Vanco Payment Solutions, LLC | term loan first lien | $364,000 | $353,000 98c | S+475 bp | |
| Armstrong Bidco Limited | term loan first lien | $354,000 | $348,000 111c | S+525 bp | |
| Blackbird Purchaser, Inc. | term loan first lien | $349,000 | $346,000 100c | S+575 bp | |
| Bamboo US Bidco LLC | term loan first lien | $348,000 | $345,000 109c | S+525 bp | |
| VSG Acquisition Corp. and Sherrill, Inc. | term loan first lien | $344,000 | $343,000 100c | S+500 bp | |
| Artifact Bidco, Inc. | term loan first lien | $331,000 | $331,000 101c | S+415 bp | |
| Wealth Enhancement Group, LLC | term loan first lien | $331,000 | $330,000 100c | S+425 bp | |
| Zendesk, Inc. | term loan first lien | $338,000 | $329,000 98c | S+500 bp | |
| bswift, LLC | term loan first lien | $320,000 | $315,000 100c | S+475 bp | |
| Jawbreaker Parent, Inc. | term loan first lien | $317,000 | $314,000 99c | S+475 bp | |
| Salon Lofts Group, LLC | term loan first lien | $296,000 | $296,000 101c | S+575 bp | |
| Togetherwork Holdings, LLC | equity equity | n/a | $294,000 101c | ||
| Zarya Holdco, Inc. | term loan first lien | $293,000 | $292,000 100c | S+650 bp | |
| Edition Holdings, Inc. | term loan first lien | $292,000 | $291,000 100c | S+450 bp | |
| Strickland's Enterprises, LLC | term loan first lien | $285,000 | $285,000 100c | S+450 bp | |
| ALKU Intermediate Holdings, LLC | term loan first lien | $288,000 | $284,000 99c | S+625 bp | |
| Arnott, LLC | term loan first lien | $293,000 | $283,000 97c | S+475 bp | |
| Pearl Acquisition Buyer, Inc. | term loan first lien | $284,000 | $283,000 100c | S+450 bp | |
| Banker's Toolbox, Inc. | term loan first lien | $282,000 | $281,000 100c | S+450 bp |
Registration
- Fiscal year end
- 0930reported
- Incorporated
- MDreported
- On the SEC BDC report
- 2026 to 2026reported
- Filings listed
- 17reported10-Q and 10-K since 2022
- Former names
- Golub Capital Direct Lending Unlevered LLCreported
- Latest schedule
- 0001901606-26-000026reported