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.
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S•••••••• P•••••• C••••• F••• L••
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $6.6B | 497 | 100c | 30 | 463 bp |
| Mar 31, 2026 | $5.4B | 471 | 100c | 30 | 457 bp |
| Dec 31, 2025 | $7.7B | 466 | 100c | 80 | 459 bp |
| Sep 30, 2025 | $3.0B | 422 | 100c | 82 | n/a |
| Jun 30, 2025 | $3.4B | 378 | 100c | 32 | n/a |
| Mar 31, 2025 | $7.8B | 326 | 100c | 20 | n/a |
| Dec 31, 2024 | $12B | 328 | 100c | 55 | 463 bp |
| Sep 30, 2024 | $7.2B | 282 | 100c | 14 | 488 bp |
| Jun 30, 2024 | $5.6B | 257 | 100c | 14 | 411 bp |
| May 1, 2024 | $11.2M | 0 | 100c | 0 | n/a |
| Mar 31, 2024 | $4.6B | 210 | 100c | 14 | 429 bp |
| Dec 31, 2023 | $7.0B | 163 | 100c | 5 | 607 bp |
| Sep 30, 2023 | $1.8B | 125 | 100c | 0 | 607 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.
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.
- Repeat sponsor and lender pairJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- New sponsor and lender pairJun 30, 2026
- Repeat sponsor and lender pairJun 30, 2026
- D••••• M•••• 2• L•• first lien term loan30 BDCs hold it · matures Aug 26, 2032$28.2M 100c
- I•••• P••••• H••••••• L•• first lien term loan4 BDCs hold it · matures Dec 23, 2031$22.7M 99c
- A••••••• I•• first lien term loan27 BDCs hold it · matures Jun 21, 2029$22.6M 99c
- C•••• P•••••• I•• first lien term loan19 BDCs hold it · matures Dec 18, 2031$22.5M 99c
- P••••••• P••••••••• A••••••••• L•• first lien term loan5 BDCs hold it · matures Aug 9, 2030 · T•• S••••••• G••••• L•••$22.3M 100c
- U••• H•••••••• I•• first lien term loan11 BDCs hold it · matures Sep 10, 2031$21.7M 99c
- P•••••• P•••• P•••••••• L• first lien term loan4 BDCs hold it · matures May 2, 2033$21.3M 100c
- S•••••••• B••••• L•• first lien term loan4 BDCs hold it · matures Jul 1, 2030$21.0M 100c
- A••••••• M•••••• M••••••••• L•• first lien term loan2 BDCs hold it · matures Jun 18, 2028$21.0M 100c
- F••••••• E•••••••• P•••••• C••••• F••• L• equity1 BDC hold it$20.8M 119c
- A•• T••••••••• I•• first lien term loan3 BDCs hold it · matures Feb 13, 2032 · D••• C•••••• M••••••••• L••$20.0M 100c
- P•• P••••• L•• F•••• A•••••••• first lien term loan1 BDC hold it · matures Dec 31, 2031$19.7M 100c
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| P•••••••• L•• IT Consulting & Other S••••••s | delayed draw term loan first lien | $3.6M | $3.6M 101c | SOFR+550 bp | Sep 13, 2029 |
| P•• A••• B••••• I••. A•••space & D•••••• | delayed draw term loan first lien | $3.6M | $3.6M 101c | SOFR+500 bp | Sep 30, 2031 |
| P••••••• B••••• I••. (NXGEN) Environmental & Facilities S••••••s | term loan first lien | $3.6M | $3.6M 100c | SOFR+475 bp | Oct 31, 2027 |
| A•••••• L•• IT Consulting & Other S••••••s | term loan first lien | $3.6M | $3.5M 99c | SOFR+550 bp | Sep 13, 2029 |
| B••• R•••••• S••••••• L•• Construction & Engineering | term loan first lien | $3.9M | $3.5M 91c | SOFR+600 bp | Apr 2, 2029 |
| C•••••• P••••••• A••••••••• L•• Commodity Chemicals | delayed draw term loan first lien | $3.5M | $3.5M 100c | SOFR+475 bp | Sep 19, 2031 |
| Any H••• LLC Specialized Consumer S••••••s | term loan first lien | $3.7M | $3.5M 97c | SOFR+575 bp PIK 3.25% | May 23, 2030 |
| R• S•/F Diversified Support S••••••s | term loan first lien | $3.5M | $3.5M 100c | SOFR+550 bp | May 1, 2029 |
| C••••• A••••••••• L•• (MDM Contracting, LLC) Second A•••••••• H•••building | term loan first lien | $3.6M | $3.5M 100c | SOFR+575 bp | May 9, 2029 |
| D•••• L•• Research & Consulting S••••••s | term loan first lien | $3.5M | $3.5M 100c | SOFR+475 bp | Jun 24, 2032 |
| I•••••••• H•••••• I••. | revolver first lien | $3.5M | $3.5M 99c | SOFR+650 bp | Jul 26, 2027 |
| I•• C••••••, LLC Asset Management & Custody Banks | term loan first lien | $3.5M | $3.5M 101c | SOFR+450 bp | Dec 22, 2028 |
| R•••• P••• A••••••••• I••. Industrial Machinery & Supplies & Components | delayed draw term loan first lien | $3.5M | $3.5M 100c | SOFR+575 bp | Aug 4, 2027 |
| E•••• F•••• S•••••••• I••. Automotive Retail | term loan first lien | $3.5M | $3.5M 100c | SOFR+525 bp | Apr 17, 2031 |
| R•• T••• L•• H••••• Care S••••••s | term loan first lien | $3.5M | $3.5M 99c | SOFR+450 bp | Dec 31, 2027 |
| W•••••• S••••••••• P•••••••• L•• Packaged Foods & Meats | term loan first lien | $3.5M | $3.5M 100c | SOFR+550 bp | Mar 31, 2029 |
| A•• O•• B••••, Inc. 2025 Refinancing H••••• Care Equipment | term loan first lien | $3.5M | $3.5M 100c | SOFR+475 bp | May 16, 2031 |
| G•••••••• O•••••••• G••••• L•• B••••••• Products | term loan first lien | $3.5M | $3.5M 100c | SOFR+550 bp | May 7, 2031 |
| O••• I••. Diversified Chemicals | term loan first lien | $3.5M | $3.4M 100c | SOFR+675 bp | Nov 8, 2028 |
| K••• H••••••• 2• I••. Leisure Products | term loan first lien | $3.7M | $3.4M 93c | SOFR+810 bp PIK 0.75% | Jun 30, 2028 |
| M••••• H•••••• L•• H••••• Care S••••••s | term loan first lien | $3.4M | $3.4M 100c | SOFR+625 bp | Oct 20, 2028 |
| R•• F•• C• A••••••••• C••••••••• Trading Companies & Distributors | term loan first lien | $3.5M | $3.4M 100c | SOFR+600 bp | Mar 4, 2030 |
| C• A••••••••• L•• Construction & Engineering | term loan first lien | $3.4M | $3.4M 100c | SOFR+525 bp | Nov 26, 2030 |
| D••••••• L•• H••••• Care S••••••s | term loan first lien | $3.4M | $3.4M 99c | SOFR+725 bp PIK 4.25% | Dec 22, 2028 |
| F•••••••• O••••••••• LLC Application Software | term loan first lien | $3.4M | $3.4M 99c | SOFR+525 bp | Aug 8, 2031 |
| S••••• D••••••••• L•• Food Distributors | term loan first lien | $3.4M | $3.4M 100c | SOFR+575 bp | May 30, 2030 |
| S••••• D••••••••• L•• Food Distributors | term loan first lien | $3.4M | $3.4M 100c | SOFR+575 bp | May 30, 2030 |
| L••••••• A••••••••• C••••••••• Consumer Electronics | term loan first lien | $3.4M | $3.4M 99c | SOFR+550 bp | Jan 24, 2030 |
| R••••• A••••••••• C•••. Food Distributors | term loan first lien | $3.3M | $3.3M 100c | SOFR+500 bp | Jul 31, 2031 |
| K•••• I••••••••• L•• Construction & Engineering | term loan first lien | $3.4M | $3.3M 99c | SOFR+575 bp | Dec 30, 2029 |
| L•••••• P••••••••, LLC Research & Consulting S••••••s | term loan first lien | $3.3M | $3.3M 100c | SOFR+450 bp | Nov 21, 2029 |
| V••••• S•••••• P•••••••• L•• Construction & Engineering | delayed draw term loan first lien | $3.4M | $3.3M 100c | SOFR+600 bp PIK 4.10% | Nov 8, 2030 |
| L••••••••• T••••••••• H•••••• C•••. IT Consulting & Other S••••••s | term loan first lien | $3.4M | $3.3M 99c | SOFR+475 bp | Dec 31, 2029 |
| B••••• R•••• A••••••••• L•• Advertising | term loan first lien | $3.4M | $3.3M 100c | SOFR+550 bp | Jan 14, 2027 |
| I•••••••• H•••••• I••. | revolver first lien | $3.4M | $3.3M 100c | SOFR+650 bp | Jul 26, 2027 |
| D••••• S••••••• N••••••, LLC Second A•••••••• Application Software | term loan first lien | $3.4M | $3.3M 100c | SOFR+550 bp | Feb 9, 2027 |
| E••• P••••••••• I••. Passenger Ground Transportation | term loan first lien | $3.4M | $3.3M 100c | SOFR+450 bp | Feb 14, 2031 |
| M•••• B••••, LLC Second A•••••••• Advertising | term loan first lien | $3.3M | $3.3M 100c | SOFR+500 bp | May 3, 2029 |
| D••••••• G•••••• I••. Asset Management & Custody Banks | term loan first lien | $3.3M | $3.3M 100c | SOFR+550 bp | Dec 9, 2027 |
| O••• I••. Diversified Chemicals | term loan first lien | $3.3M | $3.3M 100c | SOFR+675 bp | Nov 8, 2028 |
| F•••• L•••• B••••• I••. Research & Consulting S••••••s | term loan first lien | $3.3M | $3.3M 100c | SOFR+475 bp | Jul 1, 2031 |
| A••••••• T•••••••• S•••••••• I••. A•••space & D•••••• | term loan first lien | $3.3M | $3.3M 100c | SOFR+575 bp | Jul 12, 2029 |
| R•• H••••• L•• Personal Care Products | term loan first lien | $3.3M | $3.3M 100c | SOFR+525 bp | Feb 21, 2031 |
| O•• O••• L•• Construction & Engineering | term loan first lien | $3.3M | $3.3M 100c | SOFR+550 bp | Mar 15, 2029 |
| H••••••• F••••••••• I•••••••••, LLC F•••• A•••••••• Food Distributors | term loan first lien | $3.3M | $3.3M 100c | SOFR+550 bp | Aug 1, 2030 |
| A••••••••• L•• Housewares & Specialties | term loan first lien | $3.3M | $3.3M 99c | SOFR+500 bp | Sep 10, 2030 |
| O•• C•••• D•••••• S••••••••• L•• Communications Equipment | term loan first lien | $3.3M | $3.3M 99c | SOFR+575 bp | Sep 11, 2029 |
| P•••••••• H••• R••••••••• S•••••••• L•• H••••• Care Equipment | term loan first lien | $3.4M | $3.3M 100c | SOFR+550 bp | Dec 23, 2030 |
| T••••• T••••••••• H•••••••• I••. F•••• A•••••••• T••••••••• Distributors | term loan first lien | $3.3M | $3.3M 100c | SOFR+525 bp | Aug 31, 2029 |
| P••••••••• H••••••• C•••• I•••••• U••. | term loan first lien | $3.3M | $3.3M 100c | SOFR+500 bp | Jun 21, 2030 |
| U•••••• H••••• I••• T••• B• L••• IT Consulting & Other S••••••s | term loan first lien | $3.3M | $3.3M 101c | SOFR+500 bp | Aug 25, 2031 |
| C•• B••••• I••. Construction & Engineering | term loan first lien | $3.3M | $3.3M 99c | SOFR+625 bp | Jul 29, 2029 |
| A••••••• B•••••••••, LLC Fourth A•••••••• Human Resource & Employment S••••••s | term loan first lien | $3.3M | $3.3M 100c | SOFR+600 bp | Mar 26, 2029 |
| A•• W• B••••• I••. Environmental & Facilities S••••••s | term loan first lien | $3.3M | $3.3M 99c | SOFR+945 bp | Mar 17, 2027 |
| M•• E•••••••• L•• Construction & Engineering | term loan first lien | $3.4M | $3.3M 99c | SOFR+650 bp | May 31, 2029 |
| P•••• L•• Construction & Engineering | term loan first lien | $3.3M | $3.3M 100c | SOFR+575 bp | Jun 30, 2031 |
| S••••••• B••••• L•• Third A•••••••• Application Software | term loan first lien | $3.3M | $3.3M 99c | SOFR+505 bp PIK 2.50% | May 23, 2030 |
| B••••••••• B••••• L•• O••••••• Apparel Retail | term loan first lien | $3.3M | $3.3M 100c | SOFR+924 bp | Sep 10, 2029 |
| R•• F•• C• A••••••••• C••••••••• Trading Companies & Distributors | term loan first lien | $3.3M | $3.3M 99c | SOFR+600 bp | Mar 4, 2030 |
| A•••••• L•• IT Consulting & Other S••••••s | term loan first lien | $3.3M | $3.3M 99c | SOFR+550 bp | Sep 13, 2029 |
| H••••• B••••• L•• Commodity Chemicals | term loan first lien | $3.3M | $3.3M 101c | SOFR+810 bp | Mar 31, 2029 |
| C••••• B•••••• A••••••• L•• A•••••••• N•• 1• Investment Banking & Brokerage | delayed draw term loan first lien | $3.3M | $3.3M 100c | SOFR+475 bp | Jun 28, 2030 |
| S•••• P••••••••, Inc. Application Software | term loan first lien | $3.3M | $3.3M 99c | SOFR+525 bp | Apr 1, 2031 |
| T••••• T••••••••• H•••••••• I••. T••••••••• Distributors | term loan first lien | $3.3M | $3.3M 100c | SOFR+525 bp | Aug 31, 2029 |
| C••••••••• Advisors of A•••••• LLC Asset Management & Custody Banks | term loan first lien | $3.3M | $3.3M 100c | SOFR+475 bp | May 13, 2032 |
| C••••••••• Advisors of A•••••• LLC Asset Management & Custody Banks | term loan first lien | $3.3M | $3.3M 100c | SOFR+475 bp | May 13, 2032 |
| S••• D••••• C••••••••• L•• H••••• Care S••••••s | delayed draw term loan first lien | $3.3M | $3.3M 101c | SOFR+675 bp | Feb 15, 2028 |
| Any H••• LLC Specialized Consumer S••••••s | term loan first lien | $3.4M | $3.2M 96c | SOFR+575 bp PIK 3.25% | May 23, 2030 |
| M•••••••• P•••••• I••. Diversified Support S••••••s | term loan first lien | $3.3M | $3.2M 100c | SOFR+475 bp | Sep 9, 2032 |
| E•••• F•••••• C••••••••• L•• 2••• R•••••••• Leisure Facilities | term loan first lien | $3.3M | $3.2M 102c | SOFR+475 bp | Apr 29, 2030 |
| C••• H•••••••• L•• H••••• Care S••••••s | term loan first lien | $3.3M | $3.2M 100c | SOFR+525 bp | Apr 1, 2030 |
| L••• S•••••• I••••••••• H•••••••• L•• L••• S••••••s Tools & S••••••s | delayed draw term loan first lien | $3.3M | $3.2M 100c | SOFR+600 bp | Jun 10, 2027 |
| A••••• B••••••• M•••••••• H••••••• L•• Diversified Support S••••••s | term loan first lien | $3.3M | $3.2M 101c | SOFR+625 bp | Aug 6, 2029 |
| S••••••• C••••• S••••••••• L•• H••••• Care S••••••s | term loan first lien | $3.3M | $3.2M 100c | SOFR+475 bp | Mar 25, 2031 |
| A••• I•••••••••. 2, LLC IT Consulting & Other S••••••s | term loan first lien | $3.2M | $3.2M 100c | SOFR+550 bp | Jul 22, 2027 |
| P••• B••••• L•• F•••• A•••••••• Drug Retail | term loan first lien | $3.2M | $3.2M 100c | SOFR+425 bp | Mar 29, 2032 |
| S••••• M•••••• C•••••••• L•• Internet S••••••s & Infrastructure | term loan first lien | $3.3M | $3.2M 100c | SOFR+514 bp | Nov 30, 2029 |
| S••••••• H•••••••• L•• Air Freight & Logistics | term loan first lien | $3.2M | $3.2M 100c | SOFR+485 bp | Jul 22, 2030 |
| A••••••• M•••••• M••••••••• L•• H••••• Care S••••••s | term loan first lien | $3.3M | $3.2M 99c | SOFR+600 bp | Dec 18, 2026 |
| R• S•/F Diversified Support S••••••s | term loan first lien | $3.3M | $3.2M 100c | SOFR+550 bp | May 1, 2029 |
| S••••••••• C••••••••• L•• T••• B L••• Hotels, Resorts & Cruise Lines | term loan first lien | $3.3M | $3.2M 99c | SOFR+500 bp | May 16, 2031 |
| S••••••••• C••••••••• L•• T••• B L••• Hotels, Resorts & Cruise Lines | term loan first lien | $3.3M | $3.2M 99c | SOFR+500 bp | May 16, 2031 |
| E•• A••••••••• I••. Construction & Engineering | term loan first lien | $3.3M | $3.2M 100c | SOFR+525 bp | Jul 24, 2028 |
| A•••• I•••••••• S••••••• L•• T••• A• L••• I•••••••• Brokers | term loan first lien | $3.3M | $3.2M 100c | SOFR+500 bp | Nov 26, 2030 |
| D•••• Environmental & Facilities S••••••s | term loan first lien | $3.2M | $3.2M 100c | SOFR+475 bp | Jul 20, 2029 |
| M•••••• D••••• I••. H••••• Care Equipment | term loan first lien | $3.3M | $3.2M 100c | SOFR+510 bp | Jul 11, 2029 |
| G••••••••• S••••••• H•••••••• L•• | term loan first lien | $3.3M | $3.2M 100c | SOFR+650 bp | Jul 26, 2027 |
| A••••••• M•••••• M••••••••• L•• H••••• Care S••••••s | term loan first lien | $3.3M | $3.2M 99c | SOFR+600 bp | Dec 18, 2026 |
| M••••••• L•• H••••• Care S••••••s | term loan first lien | $3.3M | $3.2M 100c | SOFR+600 bp | Oct 20, 2029 |
| V••••••• B••••• L•• Construction & Engineering | term loan first lien | $3.3M | $3.2M 100c | SOFR+525 bp | May 6, 2031 |
| M•••••••• H•••••••• I••. Construction & Engineering | term loan first lien | $3.3M | $3.2M 99c | SOFR+525 bp | Jan 16, 2030 |
| A•• G••••• H•••••••• L•• H••••• Care Distributors | term loan first lien | $3.3M | $3.2M 99c | SOFR+525 bp | Jul 31, 2029 |
| S••••• G•••• H•••••••• L•• H••••• Care Equipment | term loan first lien | $3.2M | $3.2M 100c | SOFR+550 bp | Jun 16, 2028 |
| E•••••• H• P•••••• I••. H••••• Care S••••••s | term loan first lien | $3.3M | $3.2M 100c | SOFR+500 bp | Aug 20, 2029 |
| P• P••••••••• L•• Construction & Engineering | term loan first lien | $3.3M | $3.2M 96c | SOFR+550 bp | Sep 19, 2029 |
| G• W•••• H•••••••• I••. 2024 Diversified Capital Markets | delayed draw term loan first lien | $3.2M | $3.2M 100c | SOFR+450 bp | Oct 4, 2030 |
| N•• C•••••• C•• 2•••••• L••. Structured finance (CLO) | notes unsecured or subordinated | $3.2M | $3.2M 100c | Mar 9, 2031 | |
| H••••••••• H•••••••• L•• Fourth A•••••••• H••••• Care S••••••s | term loan first lien | $3.3M | $3.2M 99c | SOFR+550 bp | Dec 15, 2028 |
| R•• P••••••••• I••. Effective Date Distributors | term loan first lien | $3.2M | $3.2M 100c | SOFR+625 bp | Sep 11, 2028 |
| A••••• H•••••• L•• Paper & Plastic Packaging Products & M•••••••• | term loan first lien | $3.2M | $3.2M 100c | SOFR+525 bp | Jan 31, 2032 |
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