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 Private Credit Fund
Fair value
$9.5B
as of Jun 30, 2026
Principal held
$9.7B
debt pieces, the filer's figure
Cost
$9.7B
99c on cost
Unfunded
n/a
commitments not yet drawn
Positions
1,052
449 borrowers
First lien
96%
99% debt by fair value
Quarters on the tape
12
since Sep 30, 2023
Facilities held
492
55 sponsors financed
Portfolio through time
Fair value by quarter end$9.5B as of Jun 30, 2026
Sep 30, 2023$1.2B then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $9.5B | 449 | 99c | 67 | 464 bp |
| Mar 31, 2026 | $9.8B | 454 | 99c | 56 | 458 bp |
| Dec 31, 2025 | $9.8B | 453 | 101c | 57 | 460 bp |
| Sep 30, 2025 | $17B | 424 | 101c | 111 | 464 bp |
| Jun 30, 2025 | $6.7B | 347 | 101c | 34 | 477 bp |
| Mar 31, 2025 | $4.9B | 308 | 100c | 31 | 489 bp |
| Dec 31, 2024 | $4.1B | 270 | 100c | 29 | 499 bp |
| Sep 30, 2024 | $3.4B | 250 | 100c | 33 | 493 bp |
| Jun 30, 2024 | $2.5B | 224 | 100c | 16 | 523 bp |
| Mar 31, 2024 | $1.8B | 207 | 100c | 13 | 524 bp |
| Dec 31, 2023 | $1.4B | 173 | 100c | 12 | 538 bp |
| Sep 30, 2023 | $1.2B | 155 | 100c | 7 | 525 bp |
| Jun 30, 2023 | n/a | 1 | n/a | 0 | n/a |
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 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
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 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
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
Largest facilities held, with co-lenders
- MYOB Invest Co Pty Ltd first lien term loan4 BDCs hold it · matures Jun 1, 2030$178M 105c
- Denali Midco 2, LLC first lien term loan29 BDCs hold it · matures Aug 26, 2032 · Clearlake Capital Group, L.P.$165M 100c
- Spark Bidco Limited first lien term loan5 BDCs hold it · matures Oct 1, 2032$149M 97c
- Netsmart Technologies Inc first lien term loan6 BDCs hold it · matures Aug 25, 2031$149M 98c
- GHX Ultimate Parent Corporation first lien term loan13 BDCs hold it · matures Feb 1, 2033 · Veritas Capital Fund Management, L.L.C.$140M 101c
- Dispatch Acquisition Holdings, LLC first lien term loan5 BDCs hold it · matures Nov 1, 2032 · Impresa Management LLC$132M 100c
- Modernizing Medicine, Inc first lien term loan16 BDCs hold it · matures Apr 30, 2032$129M 101c
- Crumbl Enterprises, LLC first lien term loan7 BDCs hold it · matures May 5, 2032$115M 100c
- ZimVie, Inc first lien term loan4 BDCs hold it · matures Oct 1, 2032$112M 100c
- Jeppesen Holdings, LLC first lien term loan24 BDCs hold it · matures Nov 1, 2032$110M 98c
- CMI Parent Inc first lien term loan8 BDCs hold it · matures Jan 1, 2033$108M 100c
- RJW Group Holdings, Inc first lien term loan5 BDCs hold it · matures Nov 1, 2031$106M 100c
Schedule of investments at Jun 30, 2026
1,052 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| MYOB Invest Co Pty Ltd | term loan first lien | $178M | $174M 105c | S+525 bp PIK 2.75% | Jun 1, 2030 |
| Denali Intermediate Holdings, Inc. | term loan first lien | $146M | $144M 100c | S+550 bp | Aug 1, 2032 |
| Modernizing Medicine, Inc. | term loan first lien | $129M | $129M 101c | S+475 bp PIK 2.25% | Apr 1, 2032 |
| Dispatch Acquisition Holdings, LLC | term loan first lien | $123M | $123M 100c | S+475 bp | Nov 1, 2032 |
| Crumbl Enterprises, LLC | term loan first lien | $115M | $115M 100c | S+450 bp | May 1, 2032 |
| Jeppesen Holdings, LLC | term loan first lien | $110M | $107M 98c | S+475 bp | Nov 1, 2032 |
| CMI Parent Inc. | term loan first lien | $108M | $107M 100c | S+450 bp | Jan 1, 2033 |
| ZimVie, Inc. | term loan first lien | $106M | $106M 100c | S+475 bp | Oct 1, 2032 |
| CR Fitness Holdings, LLC | term loan first lien | $104M | $104M 100c | S+425 bp | Oct 1, 2032 |
| BHG Holdings, LLC | term loan first lien | $102M | $102M 100c | S+550 bp | Apr 1, 2032 |
| Netsmart Technologies, Inc. | term loan first lien | $102M | $99.0M 98c | S+520 bp PIK 2.70% | Aug 1, 2031 |
| Spark Bidco Limited | term loan first lien | $94.7M | $91.4M 97c | S+475 bp | Oct 1, 2032 |
| Delinea Inc. | term loan first lien | $92.1M | $91.2M 100c | S+425 bp | Mar 1, 2030 |
| Olo Parent, Inc. | term loan first lien | $91.0M | $89.2M 98c | S+450 bp | Sep 1, 2032 |
| Deerfield Dakota Holding, LLC | term loan first lien | $88.8M | $87.8M 100c | S+575 bp PIK 2.75% | Sep 1, 2032 |
| Patriot Acquireco, LLC | term loan first lien | $83.8M | $83.8M 100c | S+450 bp | Sep 1, 2032 |
| QF Holdings, Inc. | term loan first lien | $84.8M | $83.6M 99c | S+450 bp | Dec 1, 2032 |
| National Express Wash Parent Holdco, LLC | term loan first lien | $80.5M | $80.1M 100c | S+600 bp PIK 3.25% | Jul 1, 2029 |
| Creek Parent, Inc. | term loan first lien | $79.0M | $77.8M 100c | S+500 bp | Dec 1, 2031 |
| GHX Ultimate Parent Corporation | term loan first lien | $76.0M | $76.0M 101c | S+500 bp PIK 2.50% | Feb 1, 2033 |
| Majesco | term loan first lien | $74.9M | $73.8M 99c | S+450 bp | Jan 1, 2033 |
| Aptive Environmental, LLC | term loan first lien | $73.1M | $73.1M 101c | S+475 bp | Oct 1, 2032 |
| Koala Investment Holdings, Inc. | term loan first lien | $70.3M | $69.6M 100c | S+425 bp | Aug 1, 2032 |
| Tricentis Operations Holdings, Inc. | term loan first lien | $65.5M | $63.9M 98c | S+600 bp PIK 3.25% | Feb 1, 2032 |
| GHX Ultimate Parent Corporation | term loan first lien | $63.9M | $63.9M 100c | S+500 bp PIK 2.50% | Feb 1, 2033 |
| MRH Trowe Germany GMBH | term loan first lien | $63.3M | $62.5M 101c | S+500 bp | May 1, 2032 |
| ReliaQuest Holdings, LLC | term loan first lien | $58.8M | $58.5M 100c | S+576 bp PIK 3.13% | Apr 1, 2031 |
| Benefit Plan Administrators of Eau Claire, LLC | term loan first lien | $58.3M | $58.0M 100c | S+475 bp | Nov 1, 2030 |
| RTI Surgical, Inc. | term loan first lien | $58.1M | $57.8M 100c | S+475 bp | Sep 1, 2032 |
| Centegix Intermediate II, LLC | term loan first lien | $57.1M | $56.8M 100c | S+600 bp PIK 3.25% | Aug 1, 2032 |
| Salisbury House, LLC | term loan first lien | $57.3M | $56.8M 100c | S+475 bp | Aug 1, 2032 |
| AP Adhesives Holdings, LLC | term loan first lien | $54.7M | $54.2M 100c | S+475 bp | Apr 1, 2032 |
| Denali Bidco Limited | term loan first lien | $54.7M | $54.2M 98c | S+475 bp | Sep 1, 2031 |
| LDS Intermediate Holdings, LLC | term loan first lien | $54.3M | $53.9M 100c | S+500 bp | Feb 1, 2032 |
| Obelix Parent, Inc. | term loan first lien | $53.6M | $53.6M 100c | S+500 bp | Feb 1, 2033 |
| OEConnection, LLC | term loan first lien | $53.2M | $53.4M 101c | S+450 bp | Dec 1, 2032 |
| Viper Bidco, Inc. | term loan first lien | $53.5M | $52.7M 99c | S+450 bp | Nov 1, 2031 |
| RJW Group Holdings, Inc. | term loan first lien | $53.1M | $52.7M 100c | S+500 bp | Nov 1, 2031 |
| SDC Holdco, LLC | term loan first lien | $52.2M | $51.9M 100c | S+438 bp | Jul 1, 2032 |
| LogicMonitor, Inc. | term loan first lien | $52.2M | $51.4M 99c | S+550 bp | Nov 1, 2031 |
| RJW Group Holdings, Inc. | term loan first lien | $49.8M | $49.4M 101c | S+500 bp | Nov 1, 2031 |
| Equity Methods, LLC | term loan first lien | $48.9M | $48.2M 99c | S+450 bp | Apr 1, 2032 |
| Bellwether Buyer, LLC | term loan first lien | $47.8M | $47.6M 100c | S+450 bp | Apr 1, 2032 |
| Netsmart Technologies, Inc. | term loan first lien | $47.0M | $45.8M 98c | S+520 bp PIK 2.70% | Aug 1, 2031 |
| GTIV, LLC | term loan first lien | $46.3M | $45.6M 99c | S+450 bp | Feb 1, 2031 |
| Rooster BidCo Limited | term loan first lien | $44.1M | $44.1M 103c | S+450 bp | Mar 1, 2032 |
| Varicent Intermediate Holdings Corporation | term loan first lien | $45.3M | $43.2M 96c | S+600 bp PIK 3.25% | Aug 1, 2031 |
| Togetherwork Holdings, LLC | term loan first lien | $44.1M | $42.8M 98c | S+525 bp | May 1, 2031 |
| MS Buyer, Inc. | term loan first lien | $43.0M | $42.4M 99c | S+525 bp | Jul 1, 2031 |
| Medlar Bidco Limited | term loan first lien | $42.6M | $42.4M 101c | S+450 bp | May 1, 2032 |
| ReliaQuest Holdings, LLC | term loan first lien | $42.5M | $42.3M 100c | S+576 bp PIK 3.13% | Apr 1, 2031 |
| Biscuit Parent, LLC | term loan first lien | $41.9M | $41.9M 101c | S+475 bp | Feb 1, 2031 |
| Trintech, Inc. | term loan first lien | $43.3M | $41.5M 97c | S+475 bp | Jan 1, 2033 |
| Radiance Borrower, LLC | term loan first lien | $41.3M | $41.3M 101c | S+525 bp | Jun 1, 2031 |
| Gurobi Optimization, LLC | term loan first lien | $40.9M | $40.9M 101c | S+450 bp | Sep 1, 2031 |
| Financial Information Technologies, LLC | term loan first lien | $41.0M | $40.6M 99c | S+475 bp | Jun 1, 2030 |
| Essential Services Holdings Corporation | term loan first lien | $41.1M | $40.0M 98c | S+576 bp PIK 2.88% | Jun 1, 2031 |
| Einstein Parent, Inc. | term loan first lien | $40.6M | $40.0M 100c | S+525 bp | Jan 1, 2031 |
| HuFriedy Group Acquisition, LLC | term loan first lien | $40.1M | $40.0M 100c | S+550 bp | Jun 1, 2031 |
| Sphynx UK Bidco, Ltd. | term loan first lien | $38.8M | $38.8M 100c | S+425 bp | Sep 1, 2032 |
| Signant Finance One Limited | term loan first lien | $38.8M | $38.5M 100c | S+500 bp | Oct 1, 2031 |
| Espresso Bidco, Inc. | term loan first lien | $37.4M | $36.6M 99c | S+575 bp PIK 3.13% | Mar 1, 2032 |
| Icefall Parent, Inc. | term loan first lien | $37.3M | $36.2M 98c | S+450 bp | Jan 1, 2030 |
| Consilio Midco Limited | term loan first lien | $37.0M | $36.1M 98c | S+475 bp | Apr 1, 2032 |
| BestPass, Inc. | term loan first lien | $36.0M | $35.2M 98c | S+475 bp | Aug 1, 2031 |
| Medlar Bidco Limited | term loan first lien | $34.7M | $34.5M 100c | S+450 bp | May 1, 2032 |
| CAP-KSI Holdings, LLC | term loan first lien | $35.0M | $34.0M 98c | S+525 bp | Jun 1, 2030 |
| PB Group Holdings, LLC | term loan first lien | $33.7M | $33.7M 100c | S+550 bp PIK 2.75% | Aug 1, 2030 |
| Severin Acquisition, LLC | term loan first lien | $34.5M | $33.4M 98c | S+500 bp PIK 2.25% | Oct 1, 2031 |
| Spark Bidco Limited | term loan first lien | $34.3M | $33.1M 96c | S+475 bp | Oct 1, 2032 |
| VSG Acquisition Corp. and Sherrill, Inc. | term loan first lien | $33.0M | $32.9M 101c | S+500 bp | Oct 1, 2029 |
| Packaging Coordinators Midco, Inc. | term loan first lien | $33.5M | $32.8M 100c | S+500 bp | Jul 1, 2032 |
| Diamondback Acquisition, Inc. | term loan first lien | $33.6M | $32.4M 97c | S+450 bp | Sep 1, 2032 |
| CVP Holdco, Inc. | term loan first lien | $32.7M | $32.4M 100c | S+475 bp | Jun 1, 2031 |
| Bayou Intermediate II, LLC | term loan first lien | $32.7M | $32.4M 100c | S+475 bp | Sep 1, 2032 |
| Flexera Software, LLC | term loan first lien | $31.8M | $31.0M 98c | S+450 bp | Aug 1, 2032 |
| WRE Holding Corp. | term loan first lien | $31.1M | $30.7M 99c | S+500 bp | Jul 1, 2031 |
| Consilio Midco Limited | term loan first lien | $31.0M | $30.2M 98c | S+475 bp | Apr 1, 2032 |
| Any Hour, LLC | term loan first lien | $30.7M | $28.8M 95c | S+575 bp PIK 3.25% | May 1, 2030 |
| Premise Health Holding Corp. | term loan first lien | $29.1M | $28.8M 100c | S+475 bp | Nov 1, 2032 |
| Denali Bidco Limited | term loan first lien | $28.5M | $28.2M 98c | S+475 bp | Sep 1, 2031 |
| Denali Midco 2, LLC | term loan second lien | $28.5M | $28.2M 100c | PIK 13.00% | Dec 1, 2029 |
| Navex Global Holdings Corporation | term loan first lien | $28.7M | $28.1M 99c | S+500 bp | Oct 1, 2032 |
| Crewline Buyer, Inc. | term loan first lien | $28.6M | $28.0M 99c | S+675 bp | Nov 1, 2030 |
| Integrity Marketing Acquisition, LLC | term loan first lien | $27.8M | $27.8M 100c | S+500 bp | Aug 1, 2028 |
| Litera Bidco, LLC | term loan first lien | $28.1M | $27.7M 99c | S+500 bp | May 1, 2028 |
| Denali Bidco Limited | subordinated debt unsecured or subordinated | $28.0M | $27.6M 97c | PIK 9.80% | Sep 1, 2032 |
| Royal Holdco Corporation | term loan first lien | $27.5M | $27.3M 100c | S+450 bp | Dec 1, 2030 |
| CCSL Holdings, LLC | term loan first lien | $27.3M | $27.3M 105c | S+575 bp | Dec 1, 2028 |
| Hyland Software, Inc. | term loan first lien | $28.0M | $27.3M 98c | S+475 bp | Sep 1, 2030 |
| Varinem German Midco GMBH | term loan first lien | $26.9M | $26.9M 105c | S+550 bp | Jul 1, 2031 |
| Proofpoint, Inc. | term loan first lien | $27.4M | $26.5M 97c | S+300 bp | Aug 1, 2028 |
| ConnectWise, LLC | term loan first lien | $28.3M | $26.2M 92c | S+350 bp | Oct 1, 2028 |
| ABC Legal Holdings, LLC | term loan first lien | $26.7M | $26.1M 98c | S+425 bp | Aug 1, 2032 |
| TWAS Holdings, LLC | term loan first lien | $24.7M | $24.5M 101c | S+475 bp | Dec 1, 2029 |
| LOV Acquisition, LLC | term loan first lien | $24.0M | $24.0M 100c | S+425 bp | Nov 1, 2031 |
| Healthmark Holdings, L.P. | term loan first lien | $24.2M | $23.9M 99c | S+450 bp | Jul 1, 2032 |
| Focus Financial Partners, LLC | term loan first lien | $24.4M | $23.9M 98c | S+250 bp | Sep 1, 2031 |
| Viper Bidco, Inc. | term loan first lien | $24.3M | $23.9M 104c | S+450 bp | Nov 1, 2031 |
| Cavender Stores L.P. | term loan first lien | $23.8M | $23.8M 101c | S+450 bp | Oct 1, 2029 |
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Registration
- Fiscal year end
- 0930reported
- Incorporated
- unknownreported
- On the SEC BDC report
- 2023 to 2026reported
- Filings listed
- 13reported10-Q and 10-K since 2022
- Latest schedule
- 0001930087-26-000099reported