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 $18B across 371 borrowers at Jun 30, 2026.

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

Fair value
$18B
Borrowers
371
Mark on cost
98.9¢
First lien
96%
Schedule of investments (795)Quarter by quarterSponsors
As of · the latest schedule of investments read for this BDC

What matters now

  1. 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
  2. 354 → 371
    borrowers

    Added a net 17 borrowers in the quarter to Jun 30, 2026, to 371.

    Q2 2026 · The book is turning over faster than usual.

    Factthe schedule's borrowers, quarter on quarterSchedule of investments →
  3. $9.6B → $18B
    fair 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.

    Factthe schedule's fair value, a year apartQuarter by quarter →
Every headline figure, and the identifiersCIK 1920145 · file 814-01627Show
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
18 sponsors financed
Portfolio through time
Fair value by quarter end$18B as of Jun 30, 2026
Sep 30, 2023$5.0B then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$18B37199c51452 bp
Mar 31, 2026$17B35499c51453 bp
Dec 31, 2025$31B357100c112456 bp
Sep 30, 2025$12B319100c27452 bp
All 13 quarters
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2025$9.6B290100c29463 bp
Mar 31, 2025$43B272100c29463 bp
Dec 31, 2024$46B263100c20470 bp
Sep 30, 2024$32B252100c22475 bp
Jun 30, 2024$24B215100c10485 bp
Mar 31, 2024$17B202101c10486 bp
Dec 31, 2023$18B169100c8500 bp
Sep 30, 2023$5.0B165100c8474 bp
Jun 30, 2023Not disclosed114n/a2450 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

+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

+375 additional facilities held

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

Schedule of investments at Dec 31, 2025
1,532 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
Kryptona Bidco US, LLC (dba Kyriba)
Software
term loan first lien$10.8M-$108,000
58c
SOFR+600 bp
PIK 3.25%
Dec 18, 2031
Kryptona Bidco US, LLC (dba Kyriba)
Software
term loan first lien$10.8M-$108,000
58c
SOFR+600 bp
PIK 3.25%
Dec 18, 2031
UFT Buyer LLC (dba United Flow Technologies)
Trading Companies & Distributor
term loan first lien$10.9M-$109,000
101c
SOFR+450 bpDec 6, 2032
UFT Buyer LLC (dba United Flow Technologies)
Trading Companies & Distributor
term loan first lien$10.9M-$109,000
101c
SOFR+450 bpDec 6, 2032
PT Intermediate Holdings III, LLC (dba Parts Town)
Trading Companies & Distributor
term loan first lien$7.8M-$117,000
557c
SOFR+500 bp
PIK 1.75%
Apr 9, 2030

1,532 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
DEreported
On the SEC BDC report
2023 to 2025reported
Filings listed
13reported10-Q and 10-K since 2022
Latest schedule
0001193125-26-340582reported
Capital chain

This record sits on 40 traced paths of capital across the graphs.

Sponsor to borrower to facility to lenderPE sponsor to borrower to facility to lender

DFX traced 40 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

2,660 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)