The names past the first few in each section on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.

A business development company

Business development companyNon-traded· NEW YORK, NY

A non-traded business development company, holding $22B across 792 borrowers at Jun 30, 2026.

Composed from this BDC's filings and its latest schedule of investments.

Fair value
$22B
Borrowers
792
Mark on cost
98.3¢
First lien
77%
Schedule of investments (1,719)Quarter by quarterSponsors
As of · the latest schedule of investments read for this BDC

What matters now

  1. $45.6M
    on non-accrual, 1 borrower

    1 borrower on non-accrual, $45.6M principal; the largest is Amerivet Partners Management, Inc ($45.6M).

    Q2 2026 · Loans that have stopped paying interest; they set the book's credit losses.

    FactBDC schedules of investments, 30 Jun 2026For LPs and shareholders in these BDCs, co-lenders on the same namesOpen Amerivet Partners Management, Inc →
  2. $45.6M
    newly on non-accrual

    1 borrower newly placed on non-accrual in Q2 2026, $45.6M principal: Amerivet Partners Management, Inc ($45.6M).

    Q2 2026 · The newest credit problems in the book.

    FactBDC schedules of investments, 30 Jun 2026Open Amerivet Partners Management, Inc →
  3. 23 below 80¢
    $426M principal

    23 positions across 15 borrowers marked below 80¢ on cost, $426M principal.

    Q2 2026 · Marks this low usually come before non-accrual or a restructuring.

    Derivedeach position's fair value over cost, 30 Jun 2026
  4. 83 → 91
    loans paying in kind

    Loans paying in kind rose from 83 to 91 positions in the quarter to Jun 30, 2026.

    Q2 2026 · Borrowers paying interest in more debt rather than cash is an early sign of strain.

    Factthe schedule's PIK rates, quarter on quarterQuarter by quarter →
  5. $16B → $22B
    fair value, 4 quarters

    Its portfolio grew 36% at fair value over the last four quarters.

    Q2 2026 · A fast-growing book is deploying new capital.

    Factthe schedule's fair value, a year apartQuarter by quarter →
Every headline figure, and the identifiersCIK 1918712 · file 814-01512Show
Fair value
$22B
as of Jun 30, 2026
Principal held
$20B
debt pieces, the filer's figure
Cost
$22B
98c on cost, debt pieces
Unfunded
$3.5B
commitments not yet drawn
Positions
1,719
792 borrowers
First lien
77%
94% debt by fair value
Quarters on the tape
15
since Dec 31, 2022
Facilities held
1,471
26 sponsors financed
Portfolio through time
Fair value by quarter end$22B as of Jun 30, 2026
Dec 31, 2022$133M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$22B79298c91493 bp
Mar 31, 2026$21B80199c83495 bp
Dec 31, 2025$22B825100c68490 bp
Sep 30, 2025$20B793101c70481 bp
All 15 quarters
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2025$16B714101c54485 bp
Mar 31, 2025$14B638100c41477 bp
Dec 31, 2024$12B575100c31466 bp
Sep 30, 2024$7.4B449100c30470 bp
Jun 30, 2024$5.4B392101c23453 bp
Mar 31, 2024$3.5B320101c19467 bp
Dec 31, 2023$2.6B259101c17458 bp
Sep 30, 2023$1.9B218100c6451 bp
Jun 30, 2023$942M155100c0442 bp
Mar 31, 2023$334M126100c0387 bp
Dec 31, 2022$133M105100c0364 bp
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
  • New borrower on a BDC scheduleJun 30, 2026
  • New borrower on a BDC scheduleJun 30, 2026
  • New borrower on a BDC scheduleJun 30, 2026
  • New lender joined a facilityJun 30, 2026
  • New lender joined a facilityJun 30, 2026

+15 additional dated changes on this BDC

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

Every position change, including routine ones
Largest facilities held, with co-lenders

+1,468 additional facilities held

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

Schedule of investments at Mar 31, 2026
1,680 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
MDPK 2022-60term loan lien unstated$1.1M$519,100
61c
S+650 bpOct 1, 2037
Bain Capital Europe Fund IV, L.P.equity equityNot disclosed$518,600
107c
Kohlberg Private Credit Investors Rated Feeder-L, L.L.C., Private asset-backed investmentterm loan unsecured or subordinated$513,800$513,800
100c
Dec 1, 2036
MDPK 2019-37term loan lien unstated$1.6M$510,100
63c
S+660 bpApr 1, 2037
Pathstone Family Office LLC and Kelso XI Tailwind Co-Investment, L.P.revolver first lien$509,200$509,200
104c
S+450 bpMay 1, 2028

1,680 positions on this schedule

Every borrower on the schedule with its instrument, principal, fair value, rate and maturity, as filed.

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

Registration
Fiscal year end
1231reported
Incorporated
NYreported
On the SEC BDC report
2022 to 2026reported
Filings listed
14reported10-Q and 10-K since 2022
Latest schedule
0001628280-26-054923reported
Capital chain

This record sits on 115 traced paths of capital across the graphs.

Allocator to credit manager to facility to borrowerSponsor to borrower to facility to lenderPE sponsor to borrower to facility to lender

DFX traced 115 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Position history

6,415 field-level changes across filed schedules, latest first

Each line is one position compared between two consecutive BDC schedules of investments: principal, fair value mark, spread, PIK and maturity, as filed with the SEC.

›Connections

every published relationship on the graph
Show 1 connection across 1 kind
Manages (1)