DFX Intelligence
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G•••••• S•••• P•••••• C••••• C••••
A non-traded business development company, managed by G•••••• S•••• A•••• M••••••••• L••, holding $18B across 371 borrowers at Jun 30, 2026.
Composed from this BDC's filings and its latest schedule of investments.
As of · the latest schedule of investments read for this BDC
- Fair value
- $18B
- Borrowers
- 371
- Mark on cost
- 98.9¢
- First lien
- 96%
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
As of · the latest schedule of investments read for this BDC
What matters now
- 11 below 80¢$226M principal
11 positions across 11 borrowers marked below 80¢ on cost, $226M principal.
Q2 2026 · Marks this low usually come before non-accrual or a restructuring.
Derivedeach position's fair value over cost, 30 Jun 2026 - 354 → 371borrowers
Added a net 17 borrowers in the quarter to Jun 30, 2026, to 371.
Q2 2026 · The book is turning over faster than usual.
- $9.6B → $18Bfair value, 4 quarters
Its portfolio grew 89% at fair value over the last four quarters.
Q2 2026 · A fast-growing book is deploying new capital.
Every headline figure, and the identifiersCIK 1920145 · file 814-01627ShowHide
Fair value
$18B
as of Jun 30, 2026
Principal held
$22B
debt pieces, the filer's figure
Cost
$18B
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
Positions
795
371 borrowers
First lien
96%
100% debt by fair value
Quarters on the tape
13
since Jun 30, 2023
Facilities held
378
67 sponsors financed
Portfolio through time
Fair value by quarter end$18B as of Jun 30, 2026
Sep 30, 2023$5.0B then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $18B | 371 | 99c | 51 | 452 bp |
| Mar 31, 2026 | $17B | 354 | 99c | 51 | 453 bp |
| Dec 31, 2025 | $31B | 357 | 100c | 112 | 456 bp |
| Sep 30, 2025 | $12B | 319 | 100c | 27 | 452 bp |
All 13 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2025 | $9.6B | 290 | 100c | 29 | 463 bp |
| Mar 31, 2025 | $51B | 272 | 100c | 29 | 463 bp |
| Dec 31, 2024 | $46B | 263 | 100c | 20 | 470 bp |
| Sep 30, 2024 | $32B | 252 | 100c | 22 | 475 bp |
| Jun 30, 2024 | $24B | 215 | 100c | 10 | 485 bp |
| Mar 31, 2024 | $17B | 202 | 101c | 10 | 486 bp |
| Dec 31, 2023 | $18B | 169 | 100c | 8 | 500 bp |
| Sep 30, 2023 | $5.0B | 165 | 100c | 8 | 474 bp |
| Jun 30, 2023 | Not disclosed | 114 | n/a | 2 | 450 bp |
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
What changed
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
Full timeline · 20 eventsShow fewer
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Maturity extended (observed)Jun 30, 2026
Largest facilities held, with co-lenders
- C••••••••• A•••••••• H•••••••• I•• first lien term loan16 BDCs hold it · matures Jun 27, 2033 · W•• M••••••••• C•••••••••$763M 100c
- N•••• S••• A••••••••• L•• first lien term loan7 BDCs hold it · matures May 29, 2030$653M 99c
- R••••• B•••• A• first lien term loan1 BDC hold it · matures Aug 21, 2030$439M 97c
- C••••••••• A••••••••• L•• first lien term loan2 BDCs hold it · matures May 7, 2032 · possible sponsor H•••••• • F••••••• L••$426M 99c
- P•••••••• C••••••••• M••••• I•• first lien term loan19 BDCs hold it · matures Oct 15, 2032$403M 100c
- F•••••••• R••• S••••• O••••••••• L•• first lien term loan7 BDCs hold it · matures Mar 4, 2032$359M 97c
- P•••• U• H•••••• I•• first lien term loan7 BDCs hold it · matures Dec 2, 2031 · possible sponsor C••••••••• P•••••••• L•••$324M 98c
- D•• C••••••••• H••••••• P•• L•• • first lien term loan1 BDC hold it · matures Oct 29, 2032$318M 105c
- P•••• A••••••••• B••••• I•• first lien term loan10 BDCs hold it · matures Dec 31, 2032 · possible sponsor A•••• C•••••• P•••••••• L•$313M 99c
- O•• first lien term loan11 BDCs hold it · matures Dec 6, 2032$312M 99c
- N••••••• T••••••••• I•• first lien term loan6 BDCs hold it · matures Aug 25, 2031$296M 99c
- P••• C••• first lien term loan13 BDCs hold it · matures Dec 20, 2032$285M 99c
Schedule of investments at Mar 31, 2025
525 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| C•••• P•••••• I••• ••• C•••••••• P••••••••• | term loan first lien | $10.0M | -$175,000 104c | SOFR+525 bp | Dec 18, 2031 |
| A•• D••• C••••••• L•• IT Services | term loan first lien | $10.6M | -$211,000 106c | SOFR+475 bp | Nov 27, 2030 |
| K••••••• B•••• U•• L•• ••• K•••••• S••••••• | term loan first lien | $10.8M | -$216,000 104c | SOFR+625 bp PIK 3.38% | Dec 18, 2031 |
| H••••••• T•••••• I••• H••••• C••• E•••••••• & S••••••• | term loan first lien | $12.7M | -$222,000 183c | SOFR+550 bp | Nov 28, 2031 |
| A•••••• I••• S••••••• | term loan first lien | $22.7M | -$227,000 405c | SOFR+525 bp | Jan 30, 2031 |
| E•••• F••••• F•••• G•••• H•••••••• L•• F••• P••••••• | term loan first lien | $22.8M | -$228,000 112c | SOFR+500 bp | Aug 12, 2030 |
| N••••••• T••••••••• I••• H••••• C••• E•••••••• & S••••••• | term loan first lien | $23.7M | -$237,000 226c | SOFR+495 bp PIK 2.45% | Aug 25, 2031 |
| N••••••• T••••••••• I••• H••••• C••• E•••••••• & S••••••• | term loan first lien | $24.2M | -$242,000 110c | SOFR+495 bp PIK 2.45% | Aug 25, 2031 |
| F••••••••• N• ••• N•••••• H••••• C••• E•••••••• & S••••••• | term loan first lien | Not disclosed | -$242,000 -24200c | EURIBOR+500 bp | Mar 31, 2032 |
| F•••••••• R••• S••••• O••••••••• L•• C••••••••• Services & S••••••• | term loan first lien | $24.5M | -$245,000 101c | SOFR+475 bp PIK 2.00% | Mar 4, 2032 |
| A•••••• I••• S••••••• | term loan first lien | $25.5M | -$255,000 | SOFR+525 bp | Jan 30, 2031 |
| M•••• S••• M•••••••• L•• ••• T••••••••• E••••••••• C••••••••• Services & S••••••• | term loan first lien | $34.5M | -$345,000 208c | SOFR+475 bp | Dec 15, 2031 |
| P•••••••• C••••••••• M••••• I••• ••• P•• P•••••• H••••• C••• E•••••••• & S••••••• | term loan first lien | $23.1M | -$347,000 103c | SOFR+475 bp | Jan 22, 2032 |
| S•••• H••••••• B•••• L•••••• ••• S•• C••••••••• P••••••••• Services | term loan first lien | $15.2M | -$393,000 210c | SONIA+525 bp | Oct 6, 2031 |
| P••••••••• L• M•••••••• | term loan first lien | $42.5M | -$425,000 209c | SOFR+500 bp | Dec 2, 2031 |
| P•••••••• C••••••••• M••••• I••• ••• P•• P•••••• H••••• C••• E•••••••• & S••••••• | term loan first lien | $25.3M | -$442,000 | SOFR+475 bp | Jan 22, 2032 |
| F••••••••• N• ••• N•••••• H••••• C••• E•••••••• & S••••••• | term loan first lien | Not disclosed | -$445,000 -44500c | EURIBOR+500 bp | Mar 31, 2032 |
| E•••••••• B•••• A• ••• B•• S•••••••) | term loan first lien | $24.1M | -$477,000 122c | //www.sec.gov/20250331#Swiss Average Rate Overnight SARON+500 bp | Sep 27, 2031 |
| D••• I••••••••• F••••• | unstated lien unstated | Not disclosed | -$687,000 -34350c | ||
| F••••• 1••••••••• S•••••• D••• F••••• | term loan first lien | Not disclosed | -$687,000 -34350c | ||
| P•••••••• C••••••••• M••••• I••• ••• P•• P•••••• H••••• C••• E•••••••• & S••••••• | term loan first lien | $96.8M | -$726,000 | SOFR+475 bp | Jan 22, 2032 |
| I••••••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| I••••••••• D••• I••••••••• | unstated lien unstated | Not disclosed | Not disclosed | ||
| G•••••• S•••• F•••••••• S••••• G••••••••• F••• | equity equity | Not disclosed | Not disclosed | ||
| I••••••••• 1•• L••••••••• S•••••• D••• U••••• S••••• | term loan first lien | Not disclosed | Not disclosed n/a |
Page 6 of 6Previous
Registration
- Fiscal year end
- 1231reported
- Incorporated
- DEreported
- On the SEC BDC report
- 2023 to 2025reported
- Filings listed
- 13reported10-Q and 10-K since 2022
- Former names
- G•••••• S•••• P•••••• C••••• Fund LLCreported
- Latest schedule
- 0001193125-26-340582reported