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 BDC 4, Inc.

BDCnon-tradedCIK 1901612file 814-01504NEW YORK, NYmanaged by GC ADVISORS LLC

Fair value

$2.7B

as of Jun 30, 2026

Principal held

$2.7B

debt pieces, the filer's figure

Cost

$2.7B

100c on cost

Unfunded

n/a

commitments not yet drawn

Positions

922

266 borrowers

First lien

98%

99% debt by fair value

Quarters on the tape

since Sep 30, 2022

Facilities held

320

40 sponsors financed

Portfolio through time

Fair value by quarter end$2.7B as of Jun 30, 2026

Sep 30, 2022$113M then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2026	$2.7B	266	100c	105	514 bp
Mar 31, 2026	$2.5B	253	100c	95	516 bp
Dec 31, 2025	$2.4B	241	101c	94	521 bp
Sep 30, 2025	$4.4B	222	101c	175	531 bp
Jun 30, 2025	$1.9B	191	102c	59	531 bp
Mar 31, 2025	$1.6B	176	101c	52	544 bp
Dec 31, 2024	$1.5B	166	101c	51	552 bp
Sep 30, 2024	$1.3B	149	101c	53	572 bp
Jun 30, 2024	$1.1B	134	101c	34	580 bp
Mar 31, 2024	$821M	112	101c	34	612 bp
Dec 31, 2023	$647M	99	100c	31	622 bp
Sep 30, 2023	$359M	77	100c	30	631 bp
Jun 30, 2023	$227M	59	100c	23	651 bp
Mar 31, 2023	$198M	55	100c	16	641 bp
Sep 30, 2022	$113M	37	99c	5	614 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 lender joined a facilityJun 30, 2026
Golub Capital BDC 4, Inc. joins Cascade Parent Inc term loan (first lien) held by 6 other BDCs
New borrower on a BDC scheduleJun 30, 2026
Bolt Purchaser, LLC first appears in a BDC schedule (3 lenders)
New lender joined a facilityJun 30, 2026
Golub Capital BDC 4, Inc. joins Clearwater Analytics Holdings, Inc term loan (first lien) held by 17 other BDCs
New lender joined a facilityJun 30, 2026
Golub Capital BDC 4, Inc. joins CG Group Holdings, LLC term loan (first lien) held by 8 other BDCs
New lender joined a facilityJun 30, 2026
Golub Capital BDC 4, Inc. joins Advanced Cooling Technologies, Inc term loan (first lien) held by 7 other BDCs
New lender joined a facilityJun 30, 2026
Golub Capital BDC 4, Inc. joins API Holdings III Corp term loan (first lien) held by 5 other BDCs
New lender joined a facilityJun 30, 2026
Golub Capital BDC 4, Inc. joins Krueger-Gilbert Health Physics, LLC term loan (first lien) held by 3 other BDCs
New lender joined a facilityJun 30, 2026
Golub Capital BDC 4, Inc. joins Onward Acquireco, Inc term loan (first lien) held by 14 other BDCs
New borrower on a BDC scheduleJun 30, 2026
East Range Partners Intermediate 2, LLC first appears in a BDC schedule (3 lenders)
New lender joined a facilityJun 30, 2026
Golub Capital BDC 4, Inc. joins Spartan Buyer Acquisition Co term loan (first lien) held by 8 other BDCs
New lender joined a facilityJun 30, 2026
Golub Capital BDC 4, Inc. joins AVG Intermediate Holdings LLC term loan (first lien) held by 3 other BDCs
Marked down (one lender)Jun 30, 2026
Golub Capital BDC 4, Inc.: fair value markdown in Mario Purchaser, LLC (97 to 90 cents on cost)
Marked down (one lender)Jun 30, 2026
Golub Capital BDC 4, Inc.: fair value markdown in Plasma Buyer LLC (86 to 53 cents on cost)
PIK interest increasedJun 30, 2026
Golub Capital BDC 4, Inc.: pik increased in IQN Holding Corp (3.13% to 8.98%)
Spread increasedJun 30, 2026
Golub Capital BDC 4, Inc.: spread increased in Ceres Groupe SAS (7.50% to 8.00%)
Spread increasedJun 30, 2026
Golub Capital BDC 4, Inc.: spread increased in National Express Wash Parent Holdco, LLC (5.00% to 6.00%)
PIK interest appearsJun 30, 2026
Golub Capital BDC 4, Inc.: pik added in National Express Wash Parent Holdco, LLC (0.00% to 3.25%)
PIK interest appearsJun 30, 2026
Golub Capital BDC 4, Inc.: pik added in Lacker Bidco Limited (0.00% to 2.50%)
Maturity extended (observed)Jun 30, 2026
Golub Capital BDC 4, Inc.: maturity extended in Community Care Partners, LLC (2026-06-01 to 2026-09-01)
Lender left a facilityMar 31, 2026
Golub Capital BDC 4, Inc. no longer holds Celerion Buyer, Inc term loan after 2026-03-31; 4 BDC(s) still hold it

Every position change, including routine ones

Largest facilities held, with co-lenders

Denali Midco 2, LLC first lien term loan
29 BDCs hold it · matures Aug 26, 2032 · Clearlake Capital Group, L.P.
$46.0M 100c
Pareto Health Intermediate Holdings, Inc first lien term loan
15 BDCs hold it · matures Jun 3, 2030
$42.0M 100c
Cascade Parent Inc first lien term loan
7 BDCs hold it · matures May 18, 2033
$34.3M 99c
National Express Wash Parent Holdco, LLC first lien term loan
8 BDCs hold it · matures Jul 1, 2029
$33.1M 100c
Edition Holdings, Inc first lien term loan
17 BDCs hold it · matures Dec 20, 2032 · Voyager Capital LLC
$33.0M 100c
Anaplan, Inc first lien term loan
26 BDCs hold it · matures Jun 21, 2029
$32.6M 98c
GHX Ultimate Parent Corporation first lien term loan
13 BDCs hold it · matures Feb 1, 2033 · Veritas Capital Fund Management, L.L.C.
$32.5M 101c
Quick Quack Car Wash Holdings, LLC first lien term loan
9 BDCs hold it · matures Jun 10, 2031 · Seidler Kutsenda Management Company, LLC
$32.3M 101c
Netsmart Technologies Inc first lien term loan
6 BDCs hold it · matures Aug 25, 2031
$31.7M 98c
Viper Bidco, Inc first lien term loan
12 BDCs hold it · matures Nov 1, 2031
$31.2M 100c
Apex Service Partners, LLC first lien term loan
35 BDCs hold it · matures Oct 24, 2030 · Alpine Investors
$30.2M 101c
Navex Global Holdings Corporation first lien term loan
15 BDCs hold it · matures Oct 31, 2032
$29.7M 99c

Schedule of investments at Jun 30, 2026

922 positions

Borrower	Instrument	Principal	Fair value	Rate	Maturity
Denali Intermediate Holdings, Inc.	term loan first lien	$45.2M	$44.8M 100c	S+550 bp	Aug 1, 2032
Cascade Acquiror, Inc.	term loan first lien	$34.3M	$33.9M 99c	S+500 bp	May 1, 2033
Edition Holdings, Inc.	term loan first lien	$33.0M	$32.8M 100c	S+450 bp	Dec 1, 2032
National Express Wash Parent Holdco, LLC	term loan first lien	$32.3M	$32.1M 100c	S+600 bp PIK 3.25%	Jul 1, 2029
Anaplan, Inc.	term loan first lien	$32.6M	$31.8M 98c	S+450 bp	Jun 1, 2029
Lumen Bidco 1 Limited	term loan first lien	$29.7M	$29.4M 100c	S+450 bp	Jun 1, 2033
Bolt Purchaser, LLC	term loan first lien	$29.4M	$29.2M 100c	S+475 bp	Jun 1, 2033
Navex Global Holdings Corporation	term loan first lien	$29.7M	$29.1M 99c	S+500 bp	Oct 1, 2032
Crunch Holdings, LLC	term loan first lien	$29.1M	$29.1M 100c	S+450 bp	Sep 1, 2031
GHX Ultimate Parent Corporation	term loan first lien	$28.9M	$28.9M 101c	S+500 bp PIK 2.50%	Feb 1, 2033
Quick Quack Car Wash Holdings, LLC	term loan first lien	$28.1M	$28.1M 101c	S+500 bp	Jun 1, 2031
Crewline Buyer, Inc.	term loan first lien	$28.3M	$27.7M 99c	S+675 bp	Nov 1, 2030
Virginia Green Acquisition, LLC	term loan first lien	$27.5M	$27.4M 100c	S+525 bp	Dec 1, 2030
QSR Acquisition Co.	term loan first lien	$27.9M	$27.2M 98c	S+425 bp	Jun 1, 2032
MYOB Invest Co Pty Ltd	term loan first lien	$27.6M	$26.9M 105c	S+525 bp PIK 2.75%	Jun 1, 2030
Blackbird Purchaser, Inc.	term loan first lien	$25.8M	$25.7M 100c	S+575 bp	Dec 1, 2030
CR Fitness Holdings, LLC	term loan first lien	$25.3M	$25.3M 100c	S+425 bp	Oct 1, 2032
ReliaQuest Holdings, LLC	term loan first lien	$25.1M	$25.0M 100c	S+576 bp PIK 3.13%	Apr 1, 2031
Cavender Stores L.P.	term loan first lien	$24.4M	$24.4M 101c	S+450 bp	Oct 1, 2029
Togetherwork Holdings, LLC	term loan first lien	$25.1M	$24.4M 98c	S+525 bp	May 1, 2031
Icefall Parent, Inc.	term loan first lien	$24.6M	$23.9M 98c	S+450 bp	Jan 1, 2030
Hyland Software, Inc.	term loan first lien	$24.3M	$23.7M 98c	S+475 bp	Sep 1, 2030
Modernizing Medicine, Inc.	term loan first lien	$23.5M	$23.5M 101c	S+475 bp PIK 2.25%	Apr 1, 2032
CMI Parent Inc.	term loan first lien	$23.5M	$23.4M 100c	S+450 bp	Jan 1, 2033
Netsmart Technologies, Inc.	term loan first lien	$23.9M	$23.3M 98c	S+520 bp PIK 2.70%	Aug 1, 2031
Apex Service Partners, LLC	term loan first lien	$23.6M	$23.3M 101c	S+500 bp	Oct 1, 2030
Pareto Health Intermediate Holdings, Inc.	term loan first lien	$22.9M	$22.7M 100c	S+500 bp	Jun 1, 2030
OEConnection, LLC	term loan first lien	$21.9M	$21.9M 101c	S+450 bp	Dec 1, 2032
Viper Bidco, Inc.	term loan first lien	$21.5M	$21.2M 99c	S+450 bp	Nov 1, 2031
ZimVie, Inc.	term loan first lien	$21.1M	$21.0M 100c	S+475 bp	Oct 1, 2032
Dispatch Acquisition Holdings, LLC	term loan first lien	$20.2M	$20.1M 100c	S+475 bp	Nov 1, 2032
Creek Parent, Inc.	term loan first lien	$20.0M	$19.7M 100c	S+500 bp	Dec 1, 2031
Radiance Borrower, LLC	term loan first lien	$19.3M	$19.3M 101c	S+525 bp	Jun 1, 2031
Jeppesen Holdings, LLC	term loan first lien	$19.4M	$19.0M 98c	S+475 bp	Nov 1, 2032
Pareto Health Intermediate Holdings, Inc.	term loan first lien	$19.1M	$18.9M 100c	S+500 bp	Jun 1, 2030
Premise Health Holding Corp.	term loan first lien	$18.7M	$18.5M 100c	S+475 bp	Nov 1, 2032
CHA Vision Holdings, Inc.	term loan first lien	$18.2M	$18.1M 100c	S+500 bp	Jan 1, 2031
MS Buyer, Inc.	term loan first lien	$18.3M	$18.1M 99c	S+525 bp	Jul 1, 2031
Crumbl Enterprises, LLC	term loan first lien	$17.7M	$17.7M 100c	S+450 bp	May 1, 2032
BestPass, Inc.	term loan first lien	$17.9M	$17.5M 98c	S+475 bp	Aug 1, 2031
Dwyer	term loan first lien	$17.5M	$17.4M 109c	S+500 bp	Jul 1, 2029
Biscuit Parent, LLC	term loan first lien	$17.4M	$17.4M 101c	S+475 bp	Feb 1, 2031
Yorkshire Parent, Inc.	term loan first lien	$17.4M	$17.3M 100c	S+450 bp	Dec 1, 2029
Tricentis Operations Holdings, Inc.	term loan first lien	$17.3M	$16.8M 98c	S+600 bp PIK 3.25%	Feb 1, 2032
Blast Bidco Inc.	term loan first lien	$16.7M	$16.7M 101c	S+600 bp	Oct 1, 2030
Excelitas Technologies Corp.	term loan first lien	$16.9M	$16.7M 100c	S+525 bp	Aug 1, 2029
LogicMonitor, Inc.	term loan first lien	$16.5M	$16.3M 99c	S+550 bp	Nov 1, 2031
NSG Buyer, Inc.	term loan first lien	$16.2M	$16.1M 101c	S+500 bp	Nov 1, 2029
CHVAC Services Investment, LLC	term loan first lien	$16.4M	$16.1M 99c	S+475 bp	May 1, 2030
HP TLE Buyer, Inc.	term loan first lien	$16.0M	$16.0M 100c	S+475 bp	Jul 1, 2032
Olo Parent, Inc.	term loan first lien	$16.1M	$15.8M 98c	S+450 bp	Sep 1, 2032
Varicent Intermediate Holdings Corporation	term loan first lien	$16.5M	$15.7M 96c	S+600 bp PIK 3.25%	Aug 1, 2031
BHG Holdings, LLC	term loan first lien	$15.8M	$15.7M 100c	S+550 bp	Apr 1, 2032
Spark Bidco Limited	term loan first lien	$16.2M	$15.7M 97c	S+475 bp	Oct 1, 2032
Deerfield Dakota Holding, LLC	term loan first lien	$15.8M	$15.6M 100c	S+575 bp PIK 2.75%	Sep 1, 2032
Bloomerang, LLC	term loan first lien	$15.2M	$15.1M 100c	S+550 bp PIK 3.00%	Dec 1, 2029
Patriot Acquireco, LLC	term loan first lien	$14.9M	$14.9M 100c	S+450 bp	Sep 1, 2032
Denali Bidco Limited	term loan first lien	$14.8M	$14.6M 101c	S+475 bp	Sep 1, 2031
PPW Aero Buyer, Inc.	term loan first lien	$14.5M	$14.4M 101c	S+500 bp	Sep 1, 2031
WRE Holding Corp.	term loan first lien	$14.4M	$14.2M 99c	S+500 bp	Jul 1, 2031
Consor Intermediate II, LLC	term loan first lien	$13.9M	$13.8M 100c	S+450 bp	May 1, 2031
BlueMatrix Holdings, LLC	term loan first lien	$14.0M	$13.7M 99c	S+475 bp	Jan 1, 2031
Doxa Insurance Holdings LLC	term loan first lien	$14.0M	$13.6M 98c	S+450 bp	Dec 1, 2030
Clearwater Analytics Holdings, Inc.	term loan first lien	$13.2M	$13.1M 100c	S+450 bp	Jun 1, 2033
QF Holdings, Inc.	term loan first lien	$13.3M	$13.1M 99c	S+450 bp	Dec 1, 2032
LDS Intermediate Holdings, LLC	term loan first lien	$13.2M	$13.0M 100c	S+500 bp	Feb 1, 2032
Doxa Insurance Holdings LLC	term loan first lien	$13.3M	$13.0M 98c	S+450 bp	Dec 1, 2030
Evergreen IX Borrower 2023, LLC	term loan first lien	$13.0M	$12.8M 100c	S+475 bp	Sep 1, 2030
Centegix Intermediate II, LLC	term loan first lien	$12.7M	$12.6M 100c	S+600 bp PIK 3.25%	Aug 1, 2032
Aptive Environmental, LLC	term loan first lien	$12.5M	$12.5M 101c	S+475 bp	Oct 1, 2032
Koala Investment Holdings, Inc.	term loan first lien	$12.5M	$12.4M 100c	S+425 bp	Aug 1, 2032
RJW Group Holdings, Inc.	term loan first lien	$12.4M	$12.3M 101c	S+500 bp	Nov 1, 2031
Netwrix Corporation	term loan first lien	$12.4M	$12.1M 98c	S+475 bp	Jun 1, 2029
Einstein Parent, Inc.	term loan first lien	$12.3M	$12.1M 100c	S+525 bp	Jan 1, 2031
Gurobi Optimization, LLC	term loan first lien	$11.9M	$11.9M 101c	S+450 bp	Sep 1, 2031
CVP Holdco, Inc.	term loan first lien	$12.0M	$11.8M 100c	S+475 bp	Jun 1, 2031
Majesco	term loan first lien	$11.7M	$11.5M 99c	S+450 bp	Jan 1, 2033
Integrity Marketing Acquisition, LLC	term loan first lien	$11.5M	$11.5M 100c	S+500 bp	Aug 1, 2028
Medlar Bidco Limited	term loan first lien	$11.4M	$11.3M 101c	S+450 bp	May 1, 2032
PetVet Care Centers LLC	term loan first lien	$12.7M	$11.2M 89c	S+600 bp	Nov 1, 2030
HuFriedy Group Acquisition, LLC	term loan first lien	$10.7M	$10.7M 100c	S+550 bp	Jun 1, 2031
Denali Bidco Limited	subordinated debt unsecured or subordinated	$10.7M	$10.5M 97c	PIK 9.80%	Sep 1, 2032
PPV Intermediate Holdings, LLC	term loan first lien	$10.4M	$10.2M 99c	PIK 14.75%	Aug 1, 2030
Obelix Parent, Inc.	term loan first lien	$10.1M	$10.1M 100c	S+500 bp	Feb 1, 2033
Salisbury House, LLC	term loan first lien	$10.2M	$10.1M 100c	S+475 bp	Aug 1, 2032
SDC Holdco, LLC	term loan first lien	$10.1M	$10.0M 100c	S+438 bp	Jul 1, 2032
Essential Services Holdings Corporation	term loan first lien	$10.2M	$10.0M 98c	S+576 bp PIK 2.88%	Jun 1, 2031
RTI Surgical, Inc.	term loan first lien	$10.0M	$9.9M 100c	S+475 bp	Sep 1, 2032
Collision SP Subco, LLC	term loan first lien	$9.9M	$9.9M 101c	S+475 bp	Jan 1, 2030
PB Group Holdings, LLC	term loan first lien	$9.8M	$9.8M 100c	S+550 bp PIK 2.75%	Aug 1, 2030
Coupa Holdings, LLC	term loan first lien	$9.8M	$9.7M 101c	S+525 bp	Feb 1, 2030
Lotus Topco, Inc.	term loan first lien	$9.7M	$9.7M 101c	S+475 bp	Jun 1, 2030
Viper Bidco, Inc.	term loan first lien	$9.7M	$9.6M 104c	S+450 bp	Nov 1, 2031
Zendesk, Inc.	term loan first lien	$9.6M	$9.4M 98c	S+500 bp	Nov 1, 2028
Financial Information Technologies, LLC	term loan first lien	$9.4M	$9.3M 99c	S+475 bp	Jun 1, 2030
Medlar Bidco Limited	term loan first lien	$9.3M	$9.2M 100c	S+450 bp	May 1, 2032
Captive Resources Midco, LLC	term loan first lien	$9.1M	$9.1M 101c	S+450 bp	Jul 1, 2029
Transform Bidco Limited	term loan first lien	$9.4M	$9.0M 98c	S+650 bp PIK 10.18%	Jan 1, 2031
RJW Group Holdings, Inc.	term loan first lien	$9.1M	$9.0M 100c	S+500 bp	Nov 1, 2031
Severin Acquisition, LLC	term loan first lien	$9.3M	$9.0M 98c	S+500 bp PIK 2.25%	Oct 1, 2031

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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 BDC 4 LLCreported
Latest schedule: 0001901612-26-000031reported