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

KKR Enhanced US Direct Lending Fund-L Inc.

BDCnon-tradedCIK 2012839file 814-01724SAN FRANCISCO, CAmanaged by KKR Credit Advisors

Fair value

$1.4B

as of Jun 30, 2026

Principal held

$1.7B

debt pieces, the filer's figure

Cost

n/a

n/a on cost

Unfunded

n/a

commitments not yet drawn

Positions

307

90 borrowers

First lien

n/a

100% debt by fair value

Quarters on the tape

since Jun 30, 2024

Facilities held

26 sponsors financed

Portfolio through time

Fair value by quarter end$1.4B as of Jun 30, 2026

Jun 30, 2024$504M then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2026	$1.4B	90	n/a	25	479 bp
Mar 31, 2026	$1.3B	88	n/a	23	484 bp
Dec 31, 2025	$1.3B	86	n/a	23	488 bp
Sep 30, 2025	$992M	78	n/a	19	500 bp
Jun 30, 2025	$953M	75	n/a	16	507 bp
Mar 31, 2025	$894M	74	n/a	11	518 bp
Dec 31, 2024	$759M	68	n/a	6	531 bp
Sep 30, 2024	$657M	65	n/a	4	544 bp
Jun 30, 2024	$504M	60	n/a	6	571 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.

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 lender joined a facilityJun 30, 2026
KKR Enhanced US Direct Lending Fund-L Inc. joins Pavement Preservation Acquisition, LLC other (unknown) held by 5 other BDCs
New lender joined a facilityJun 30, 2026
KKR Enhanced US Direct Lending Fund-L Inc. joins Clearwater Analytics Holdings, Inc other (unknown) held by 7 other BDCs
PIK interest increasedJun 30, 2026
KKR Enhanced US Direct Lending Fund-L Inc.: pik increased in Affordable Care Inc (3.25% to 10.00%)
PIK interest appearsJun 30, 2026
KKR Enhanced US Direct Lending Fund-L Inc.: pik added in Heniff Transportation Systems LLC (0.00% to 6.00%)
Spread increasedJun 30, 2026
KKR Enhanced US Direct Lending Fund-L Inc.: spread increased in Affordable Care Inc (2.75% to 5.50%)
Spread increasedJun 30, 2026
KKR Enhanced US Direct Lending Fund-L Inc.: spread increased in DOXA Insurance Holdings LLC (4.50% to 5.25%)
Spread increasedJun 30, 2026
KKR Enhanced US Direct Lending Fund-L Inc.: spread increased in Woolpert Inc (4.50% to 5.00%)
PIK interest appearsJun 30, 2026
KKR Enhanced US Direct Lending Fund-L Inc.: pik added in Dental Care Alliance Inc (0.00% to 2.25%)
Maturity extended (observed)Jun 30, 2026
KKR Enhanced US Direct Lending Fund-L Inc.: maturity extended in Affordable Care Inc (2028-08-02 to 2032-06-30)
Maturity extended (observed)Jun 30, 2026
KKR Enhanced US Direct Lending Fund-L Inc.: maturity extended in Lipari Foods LLC (2028-10-31 to 2031-10-31)
Maturity extended (observed)Jun 30, 2026
KKR Enhanced US Direct Lending Fund-L Inc.: maturity extended in Radwell Parent, LLC (2029-04-01 to 2030-04-01)
Maturity extended (observed)Jun 30, 2026
KKR Enhanced US Direct Lending Fund-L Inc.: maturity extended in Heniff Transportation Systems LLC (2026-12-03 to 2027-07-01)
Maturity extended (observed)Jun 30, 2026
KKR Enhanced US Direct Lending Fund-L Inc.: maturity extended in Dental Care Alliance Inc (2028-04-03 to 2031-06-02)
New lender joined a facilityMar 31, 2026
KKR Enhanced US Direct Lending Fund-L Inc. joins NEFCO Holding Company, LLC other (unknown) held by 7 other BDCs
Lender left a facilityMar 31, 2026
KKR Enhanced US Direct Lending Fund-L Inc. no longer holds Arcwood Environmental other after 2026-03-31; 1 BDC(s) still hold it
New lender joined a facilityMar 31, 2026
KKR Enhanced US Direct Lending Fund-L Inc. joins Conservice Midco, LLC other (unknown) held by 6 other BDCs
New lender joined a facilityMar 31, 2026
KKR Enhanced US Direct Lending Fund-L Inc. joins AVE Holdings I Corp other (unknown) held by 5 other BDCs
Spread increasedMar 31, 2026
KKR Enhanced US Direct Lending Fund-L Inc.: spread increased in MB2 Dental Solutions, LLC (5.50% to 6.00%)
PIK interest appearsMar 31, 2026
KKR Enhanced US Direct Lending Fund-L Inc.: pik added in Lionbridge Technologies Inc (0.00% to 6.00%)
Spread increasedMar 31, 2026
KKR Enhanced US Direct Lending Fund-L Inc.: spread increased in Personify Health Inc (3.25% to 5.75%)

Every position change, including routine ones

Largest facilities held, with co-lenders

Service Express Inc other
4 BDCs hold it · matures Dec 23, 2032 · Warburg Pincus LLC
$65.5M n/a
Woolpert Inc other
6 BDCs hold it · matures Apr 5, 2032 · MSD Partners, L.P.
$64.4M n/a
Bonterra LLC other
4 BDCs hold it · matures Mar 5, 2032 · Vista Equity Partners Management, LLC
$61.5M n/a
Frontline Road Safety LLC other
6 BDCs hold it · matures Mar 4, 2032 · The Sterling Group, L.P.
$60.2M n/a
Rockefeller Capital Management LP other
5 BDCs hold it · matures Dec 2, 2032 · Viking Global Investors LP
$49.4M n/a
CSafe Global other
4 BDCs hold it · matures Mar 8, 2029
$49.2M n/a
PCI Pharma Services other
4 BDCs hold it · matures Oct 15, 2032 · Kohlberg & Company
$48.3M n/a
Clarience Technologies LLC other
4 BDCs hold it · matures Feb 13, 2032 · Leonard Green & Partners, L.P.
$45.6M n/a
Netsmart Technologies Inc other
6 BDCs hold it · matures Aug 25, 2031
$44.2M n/a
Veriforce LLC other
4 BDCs hold it · matures Nov 21, 2031 · Summit Partners, L.P.
$40.7M n/a
Horizon CTS Buyer LLC other
6 BDCs hold it · matures Mar 29, 2032
$40.1M n/a
Lipari Foods LLC other
3 BDCs hold it · matures Oct 31, 2031 · Littlejohn & Co., LLC
$37.5M n/a

Schedule of investments at Jun 30, 2026

307 positions

Borrower	Instrument	Principal	Fair value	Rate	Maturity
Rockefeller Capital Management LP	unstated lien unstated	$49.4M	$49.9M	S+450 bp	Dec 2, 2032
CSafe Global	unstated lien unstated	$38.2M	$38.2M	S+575 bp	Dec 14, 2028
Woolpert Inc	unstated lien unstated	$33.9M	$33.2M	S+450 bp	Apr 5, 2032
Service Express Inc	unstated lien unstated	$31.5M	$31.5M	S+425 bp	Dec 23, 2032
Clarience Technologies LLC	unstated lien unstated	$31.3M	$31.2M	S+475 bp	Feb 13, 2032
Netsmart Technologies Inc	unstated lien unstated	$30.4M	$30.0M	S+250 bp PIK 2.70%	Aug 25, 2031
Bonterra LLC	unstated lien unstated	$30.5M	$29.8M	S+500 bp	Mar 5, 2032
Jeppesen Holdings LLC	unstated lien unstated	$27.7M	$27.2M	S+475 bp	Oct 31, 2032
ClubCorp Club Operations Inc	unstated lien unstated	$27.0M	$26.9M	S+525 bp	Jun 9, 2032
Lipari Foods LLC	unstated lien unstated	$25.9M	$25.9M	S+550 bp	Oct 31, 2031
PCI Pharma Services	unstated lien unstated	$26.1M	$25.7M	S+500 bp	Oct 15, 2032
PSKW LLC (dba ConnectiveRx)	unstated lien unstated	$25.3M	$25.3M	S+550 bp	Mar 9, 2028
OEConnection LLC	unstated lien unstated	$25.8M	$25.2M	S+450 bp	Dec 23, 2032
Legends Hospitality LLC	unstated lien unstated	$25.2M	$25.0M	S+275 bp PIK 2.75%	Aug 22, 2031
Denali Water Solutions LLC	unstated lien unstated	$24.6M	$24.5M	S+475 bp	Nov 19, 2032
J S Held LLC	unstated lien unstated	$24.7M	$24.5M	S+475 bp	Jun 1, 2028
Veriforce LLC	unstated lien unstated	$24.4M	$24.2M	S+450 bp	Nov 21, 2031
Frontline Road Safety LLC	unstated lien unstated	$24.7M	$24.0M	S+250 bp PIK 2.25%	Mar 4, 2032
BGB Group LLC	unstated lien unstated	$21.1M	$21.2M	S+525 bp	Feb 16, 2030
Galway Partners Holdings LLC	unstated lien unstated	$21.1M	$21.1M	S+450 bp	Sep 29, 2028
Service Express Inc	unstated lien unstated	$20.4M	$20.4M	S+425 bp	Dec 23, 2032
Higginbotham Insurance Agency Inc	unstated lien unstated	$19.9M	$19.9M	S+450 bp	Jun 11, 2031
Integrity Marketing Group LLC	unstated lien unstated	$19.2M	$19.2M	S+500 bp	Aug 25, 2028
Horizon CTS Buyer LLC	unstated lien unstated	$18.4M	$18.4M	S+475 bp	Mar 29, 2032
DuBois Chemicals Inc	unstated lien unstated	$18.3M	$17.9M	S+500 bp	Jun 13, 2031
Flexera Software LLC	unstated lien unstated	$18.3M	$17.7M	S+475 bp	Aug 16, 2032
Med-Metrix	unstated lien unstated	$17.5M	$17.1M	S+450 bp	Jul 21, 2032
Pike Corp	unstated lien unstated	$16.8M	$16.6M	S+425 bp	Dec 20, 2032
Radwell International LLC	unstated lien unstated	$16.4M	$16.4M	S+475 bp	Apr 1, 2030
Service Logic LLC	unstated lien unstated	$16.1M	$15.9M	S+250 bp PIK 2.25%	Dec 16, 2032
MB2 Dental Solutions LLC	unstated lien unstated	$15.6M	$15.6M	S+550 bp	Feb 13, 2031
USIC Holdings Inc	unstated lien unstated	$14.4M	$14.3M	S+550 bp	Sep 10, 2031
Pavement Preservation Group Inc	unstated lien unstated	$14.1M	$14.1M	S+525 bp	Aug 9, 2030
Resa Power LLC	unstated lien unstated	$13.7M	$13.9M	S+450 bp	Apr 28, 2032
Apex Service Partners LLC	unstated lien unstated	$13.4M	$13.4M	S+500 bp	Oct 24, 2030
Frontline Road Safety LLC	unstated lien unstated	$13.0M	$12.5M	S+475 bp	Mar 4, 2032
NEFCO Corp	unstated lien unstated	$12.5M	$12.5M	S+450 bp	Jan 13, 2033
Bonterra LLC	unstated lien unstated	$24.4M	$11.9M	S+500 bp	Mar 5, 2032
Vitu	unstated lien unstated	$11.5M	$11.7M	S+450 bp	Jan 6, 2032
Sphera Solutions Inc	unstated lien unstated	$12.0M	$11.3M	S+450 bp	Sep 24, 2032
Clearwater Analytics LLC	unstated lien unstated	$11.3M	$11.3M	S+450 bp	Jun 27, 2033
Cadence Education LLC	unstated lien unstated	$11.3M	$11.2M	S+500 bp	May 1, 2031
CLEAResult Consulting Inc	unstated lien unstated	$11.2M	$11.2M	S+475 bp	Aug 27, 2031
Veriforce LLC	unstated lien unstated	$8.4M	$11.0M	S+450 bp	Nov 21, 2031
Flexera Software LLC	unstated lien unstated	$10.8M	$10.4M	S+475 bp	Aug 16, 2032
Zeus Industrial Products Inc	unstated lien unstated	$10.3M	$9.8M	S+540 bp	Feb 28, 2031
Schellman Inc	unstated lien unstated	$10.0M	$9.8M	S+475 bp	Apr 21, 2033
Conservice LLC	unstated lien unstated	$9.8M	$9.6M	S+450 bp	Feb 25, 2033
Rialto Capital Management LLC	unstated lien unstated	$9.4M	$9.4M	S+500 bp	Dec 5, 2030
Spins LLC	unstated lien unstated	$9.2M	$9.0M	S+475 bp	Jan 22, 2029
Heniff Transportation Systems LLC	unstated lien unstated	$10.2M	$8.8M	PIK 6.00%	Jul 1, 2027
West Star Aviation Inc	unstated lien unstated	$8.6M	$8.6M	S+450 bp	May 20, 2032
Personify Health Inc	unstated lien unstated	$9.4M	$8.5M	S+575 bp	Nov 8, 2029
Woolpert Inc	unstated lien unstated	$8.7M	$8.5M	S+450 bp	Apr 5, 2032
Apex Service Partners LLC	unstated lien unstated	$8.2M	$8.2M	S+500 bp	Oct 24, 2030
Atwell LLC	unstated lien unstated	$8.1M	$8.1M	S+500 bp	Apr 25, 2033
Woolpert Inc	unstated lien unstated	$17.4M	$7.9M	S+500 bp	Apr 5, 2032
Spotless Brands LLC	unstated lien unstated	$7.7M	$7.7M	S+550 bp	Jul 25, 2028
Turnpoint Services Inc	unstated lien unstated	$8.1M	$7.6M	S+275 bp PIK 2.75%	Jun 17, 2031
Com Laude Group Ltd	unstated lien unstated	$7.7M	$7.5M	S+500 bp	Dec 30, 2032
Frontline Road Safety LLC	unstated lien unstated	$7.6M	$7.4M	S+250 bp PIK 2.25%	Mar 4, 2032
Horizon CTS Buyer LLC	unstated lien unstated	$7.1M	$7.1M	S+475 bp	Mar 29, 2032
CSafe Global	unstated lien unstated	$5.3M	$7.1M	S+575 bp	Dec 14, 2028
Frontline Road Safety LLC	unstated lien unstated	$7.3M	$7.1M	S+250 bp PIK 2.25%	Mar 4, 2032
Hibu Inc	unstated lien unstated	$6.8M	$6.8M	S+625 bp	May 4, 2027
Orion Services Group	unstated lien unstated	$6.7M	$6.7M	S+450 bp	Nov 26, 2032
Granicus Inc	unstated lien unstated	$6.6M	$6.6M	S+350 bp PIK 2.00%	Jan 17, 2031
Insight Global LLC	unstated lien unstated	$6.4M	$6.4M	S+500 bp	Sep 22, 2028
Flexera Software LLC	unstated lien unstated	$5.5M	$6.1M	S+475 bp	Aug 16, 2032
Homrich & Berg Inc	unstated lien unstated	$6.0M	$6.0M	S+475 bp	Nov 17, 2031
Netsmart Technologies Inc	unstated lien unstated	$5.9M	$5.9M	S+250 bp PIK 2.70%	Aug 25, 2031
BDO USA PA	unstated lien unstated	$5.9M	$5.8M	S+500 bp	Aug 31, 2028
Circana Group (f.k.a. NPD Group)	unstated lien unstated	$5.8M	$5.8M	S+425 bp	Dec 1, 2029
Eagle Railcar Services Roscoe Inc	unstated lien unstated	$5.6M	$5.6M	S+450 bp	Jun 14, 2032
Spins LLC	unstated lien unstated	$5.6M	$5.5M	S+475 bp	Jan 22, 2029
Hibu Inc	unstated lien unstated	$5.4M	$5.5M	S+625 bp	May 4, 2027
Granicus Inc	unstated lien unstated	$5.4M	$5.4M	S+325 bp PIK 2.00%	Jan 17, 2031
Safe-Guard Products International LLC	unstated lien unstated	$5.3M	$5.3M	S+475 bp	Apr 3, 2030
Homrich & Berg Inc	unstated lien unstated	$5.0M	$5.0M	S+475 bp	Nov 17, 2031
Radwell International LLC	unstated lien unstated	$4.9M	$4.9M	S+475 bp	Apr 1, 2030
Wealth Enhancement Group LLC	unstated lien unstated	$4.9M	$4.9M	S+425 bp	Oct 2, 2028
Excelitas Technologies Corp	unstated lien unstated	$4.6M	$4.5M	S+525 bp	Aug 13, 2029
Highgate Hotels Inc	unstated lien unstated	$4.4M	$4.4M	S+550 bp	Nov 5, 2029
Follett Software Co	unstated lien unstated	$4.4M	$4.3M	S+450 bp	Aug 29, 2031
VetCor Professional Practices LLC	unstated lien unstated	$4.4M	$4.3M	S+575 bp	Aug 31, 2029
Shaw Development LLC	unstated lien unstated	$4.1M	$4.1M	S+600 bp	Oct 30, 2029
Gigamon Inc	unstated lien unstated	$4.4M	$4.1M	S+575 bp	Mar 9, 2029
Foundation Risk Partners Corp	unstated lien unstated	$4.1M	$4.1M	S+475 bp	Oct 29, 2030
Dental Care Alliance Inc	unstated lien unstated	$4.0M	$4.0M	S+425 bp PIK 2.25%	Jun 2, 2031
Vermont Information Processing Inc	unstated lien unstated	$3.8M	$3.7M	S+450 bp	Jan 30, 2032
PROS Holdings Inc	unstated lien unstated	$3.8M	$3.6M	S+475 bp	Dec 9, 2032
Oxford Global Resources LLC	unstated lien unstated	$3.5M	$3.5M	S+600 bp	Aug 17, 2027
Frontline Road Safety LLC	unstated lien unstated	$3.6M	$3.5M	S+250 bp PIK 2.25%	Mar 4, 2032
Xylem Kendall	unstated lien unstated	$3.4M	$3.4M	S+575 bp	Apr 22, 2030
MAI Capital Management LLC	unstated lien unstated	$3.4M	$3.4M	S+475 bp	Aug 29, 2031
AVE Holdings I Corp	unstated lien unstated	$3.8M	$3.4M	S+550 bp	Feb 25, 2028
Lipari Foods LLC	unstated lien unstated	$3.3M	$3.3M	S+550 bp	Oct 31, 2031
Bonterra LLC	unstated lien unstated	$3.3M	$3.2M	S+475 bp	Mar 5, 2032
MB2 Dental Solutions LLC	unstated lien unstated	$3.2M	$3.2M	S+550 bp	Feb 13, 2031
J S Held LLC	unstated lien unstated	$4.2M	$3.2M	S+475 bp	Jun 1, 2028

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Registration

Fiscal year end: 1231reported
Incorporated: DEreported
On the SEC BDC report: 2025 to 2026reported
Filings listed: 9reported10-Q and 10-K since 2022
Former names: KKR Enhanced US Direct Lending Fund-Lreported
Latest schedule: 0001628280-26-056657reported