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
West Bay BDC LLC
Fair value
$609M
as of Jun 30, 2026
Principal held
$808M
debt pieces, the filer's figure
Cost
$614M
99c on cost
Unfunded
n/a
commitments not yet drawn
Positions
148
50 borrowers
First lien
97%
100% debt by fair value
Quarters on the tape
8
since Sep 30, 2024
Facilities held
50
17 sponsors financed
Portfolio through time
Fair value by quarter end$609M as of Jun 30, 2026
Sep 30, 2024$5.7M then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $609M | 50 | 99c | 11 | 482 bp |
| Mar 31, 2026 | $478M | 49 | 99c | 6 | 477 bp |
| Dec 31, 2025 | $431M | 41 | 100c | 4 | 481 bp |
| Sep 30, 2025 | $263M | 30 | 100c | 3 | 484 bp |
| Jun 30, 2025 | $149M | 18 | 100c | 3 | 489 bp |
| Mar 31, 2025 | $519M | 10 | 100c | 3 | 497 bp |
| Dec 31, 2024 | $515M | 4 | 100c | 0 | 475 bp |
| Sep 30, 2024 | $5.7M | 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 lender joined a facilityJun 30, 2026
- Spread increasedJun 30, 2026
- PIK interest appearsJun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- New lender joined a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- Spread increasedMar 31, 2026
- PIK interest appearsMar 31, 2026
- PIK interest appearsMar 31, 2026
- New lender joined a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Spread increasedDec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- New lender joined a facilitySep 30, 2025
Largest facilities held, with co-lenders
- Frontline Road Safety Operations, LLC first lien term loan7 BDCs hold it · matures Mar 4, 2032$28.7M 97c
- Ark Data Centers, LLC first lien term loan5 BDCs hold it · matures Nov 27, 2030$28.0M 97c
- Curriculum Associates, LLC first lien term loan2 BDCs hold it · matures May 7, 2032 · Hellman & Friedman LLC$28.0M 99c
- HighLevel, Inc first lien term loan4 BDCs hold it · matures Feb 23, 2033$28.0M 99c
- PAS Parent Inc first lien term loan11 BDCs hold it · matures Aug 18, 2032$27.9M 100c
- SpecialtyCare, Inc first lien term loan11 BDCs hold it · matures Dec 18, 2029$27.8M 99c
- Businessolver.com, Inc first lien term loan18 BDCs hold it · matures Dec 3, 2032$26.5M 99c
- Envero Midco 2 LLC first lien term loan3 BDCs hold it · matures Mar 2, 2033 · Z Capital Group, L.L.C.$26.4M n/a
- Edition Holdings, Inc first lien term loan17 BDCs hold it · matures Dec 20, 2032 · Voyager Capital LLC$26.1M 98c
- Burgess Pigment Co first lien term loan4 BDCs hold it · matures Jun 30, 2031$25.4M 100c
- Onward Acquireco, Inc first lien term loan15 BDCs hold it · matures Apr 1, 2033 · General Atlantic Service Company, L.P.$25.2M 100c
- Bells Parent, Inc first lien term loan9 BDCs hold it · matures Apr 25, 2033$24.8M 100c
Schedule of investments at Jun 30, 2026
148 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| SpecialtyCare, Inc. Health Care Providers & Services | term loan first lien | $25.2M | $25.0M 99c | SOFR+475 bp | Dec 18, 2029 |
| HighLevel, Inc. Software | term loan first lien | $23.6M | $23.3M 99c | SOFR+450 bp | Feb 23, 2033 |
| Burgess Pigment, LLC Chemicals | term loan first lien | $22.9M | $22.7M 100c | SOFR+500 bp | Jun 30, 2031 |
| Businessolver.com, Inc. Health Care Technology | term loan first lien | $21.8M | $21.5M 99c | SOFR+450 bp | Dec 3, 2032 |
| Edition Holdings, Inc. (dba Enverus) Software | term loan first lien | $21.6M | $21.3M 99c | SOFR+450 bp | Dec 20, 2032 |
| Computer Services, Inc. Financial Services | term loan first lien | $21.0M | $20.8M 99c | SOFR+450 bp | Nov 17, 2031 |
| AQ Sunshine, Inc. (dba Relation Insurance) | term loan first lien | $20.6M | $20.5M 100c | SOFR+500 bp | Jul 24, 2033 |
| Advanced Cooling Technologies, Inc. Aerospace & Defense | term loan first lien | $19.3M | $19.1M 99c | SOFR+450 bp | May 19, 2033 |
| Bells Parent, Inc. (dba Atwell, LLC) Professional Services | term loan first lien | $17.0M | $16.8M 100c | SOFR+500 bp | Apr 25, 2033 |
| Curriculum Associates, LLC Diversified Consumer Services | term loan first lien | $16.9M | $16.7M 100c | SOFR+475 bp | May 7, 2032 |
| Frontline Road Safety Operations, LLC Commercial Services & Supplies | term loan first lien | $16.8M | $16.2M 97c | SOFR+475 bp PIK 2.00% | Mar 4, 2032 |
| Tiger Acquisition, LLC (dba Sabre Industries) Wireless Telecommunication Services | term loan second lien | $16.2M | $16.1M 100c | SOFR+525 bp | May 1, 2034 |
| PAS Parent Inc. (dba Pace Analytical) Professional Services | term loan first lien | $15.8M | $15.7M 100c | SOFR+450 bp | Aug 18, 2032 |
| Onward AcquireCo, Inc. (dba OneStream) Software | term loan first lien | $15.7M | $15.6M 100c | SOFR+505 bp PIK 2.68% | Apr 1, 2033 |
| Ark Data Centers, LLC IT Services | term loan first lien | $15.9M | $15.3M 98c | SOFR+475 bp | Nov 27, 2030 |
| One, Inc. Software Corporation Software | term loan first lien | $14.9M | $14.7M 99c | SOFR+450 bp | Dec 6, 2032 |
| Apple Bidco Holdings, Inc. (dba Raptor Technologies) Software | term loan first lien | $14.7M | $14.5M 99c | SOFR+450 bp | Jan 22, 2033 |
| Lobos Parent, Inc. (dba NEOGOV) Software | term loan first lien | $14.0M | $13.7M 99c | SOFR+425 bp | Sep 27, 2032 |
| Fullsteam Operations LLC Financial Services | term loan first lien | $13.4M | $13.2M 99c | SOFR+525 bp | Aug 8, 2031 |
| Rubix Foods, LLC Food Products | term loan first lien | $13.0M | $12.8M 99c | SOFR+475 bp | Apr 30, 2031 |
| Edko, LLC Commercial Services & Supplies | term loan first lien | $11.8M | $11.7M 100c | SOFR+475 bp | Oct 2, 2031 |
| Splash Car Wash, Inc. Diversified Consumer Services | term loan first lien | $11.5M | $11.4M 100c | SOFR+500 bp | Mar 17, 2032 |
| PDDS Holdco, Inc. (dba Planet DDS) Health Care Technology | term loan first lien | $11.5M | $11.3M 99c | SOFR+600 bp | Sep 30, 2031 |
| Rotation Buyer, LLC (dba Rotating Machinery Services) Machinery | term loan first lien | $11.0M | $10.8M 100c | SOFR+475 bp | Dec 26, 2031 |
| KPA Parent Holdings, Inc. Software | term loan first lien | $10.3M | $10.2M 99c | SOFR+450 bp | Mar 12, 2032 |
| Sundance Group Holdings, Inc. (dba NetDocuments) Software | term loan first lien | $10.0M | $9.9M 99c | SOFR+475 bp | Jul 2, 2029 |
| Tropical Bidco, LLC (dba Tropical Cheese) Food Products | term loan first lien | $10.0M | $9.8M 99c | SOFR+475 bp | Dec 11, 2030 |
| Accommodations Plus Technologies LLC Software | term loan first lien | $9.7M | $9.5M 100c | SOFR+525 bp | May 28, 2032 |
| Accommodations Plus Technologies LLC Software | term loan first lien | $9.4M | $9.3M 100c | SOFR+525 bp | May 28, 2032 |
| Pavement Preservation Acquisition, LLC (dba Pavement Preservation Group) Construction & Engineering | term loan first lien | $9.3M | $9.1M 100c | SOFR+525 bp | Aug 9, 2030 |
| BCTO Bluebill Buyer, Inc. (dba Ren) Financial Services | term loan first lien | $9.1M | $9.0M 99c | SOFR+450 bp | Jul 30, 2032 |
| AAG KP Borrower LLC (dba KUIU) Textiles, Apparel & Luxury Goods | term loan first lien | $9.0M | $8.8M 100c | SOFR+475 bp | Dec 5, 2031 |
| eShipping, LLC Air Freight & Logistics | term loan first lien | $8.4M | $8.3M 99c | SOFR+450 bp | Dec 23, 2032 |
| Celero Commerce LLC Financial Services | term loan first lien | $7.8M | $7.8M 100c | SOFR+500 bp | Feb 28, 2031 |
| Saber Parent Holdings Corp. (dba Service Logic) Commercial Services & Supplies | term loan first lien | $7.7M | $7.6M 99c | SOFR+475 bp PIK 2.25% | Dec 16, 2032 |
| Zeppelin US Buyer Inc. (dba Global Critical Logistics) | term loan first lien | $7.4M | $7.3M 100c | SOFR+475 bp | Aug 2, 2032 |
| Ideal Components Acquisition, LLC (dba Ideal Tridon) Machinery | term loan first lien | $7.3M | $7.2M 100c | SOFR+500 bp | Jun 30, 2032 |
| Curriculum Associates, LLC Diversified Consumer Services | term loan first lien | $11.1M | $7.1M 99c | SOFR+475 bp | May 7, 2032 |
| ML Holdco, LLC (dba MeridianLink) Software | term loan first lien | $6.4M | $6.3M 99c | SOFR+425 bp | Oct 25, 2032 |
| TL Sapphire Holdings, Inc. (dba SouthernCarlson) Trading Companies & Distributors | term loan first lien | $6.2M | $6.1M 100c | SOFR+500 bp | Jan 24, 2033 |
| PPW Aero Buyer, Inc. (dba Pursuit Aerospace) | term loan first lien | $5.7M | $5.6M 100c | SOFR+500 bp | Sep 30, 2031 |
| Sundance Group Holdings, Inc. (dba NetDocuments) Software | term loan first lien | $5.4M | $5.4M 99c | SOFR+475 bp | Jul 2, 2029 |
| CURiO Brands LLC Household Products | term loan first lien | $5.3M | $5.3M 100c | SOFR+500 bp | Apr 2, 2031 |
| UFT Buyer LLC (dba United Flow Technologies) Trading Companies & Distributors | term loan first lien | $5.3M | $5.2M 100c | SOFR+500 bp PIK 2.75% | Dec 6, 2032 |
| Bells Parent, Inc. (dba Atwell, LLC) Professional Services | term loan first lien | $5.0M | $5.0M 101c | SOFR+500 bp | Apr 25, 2033 |
| Frontline Road Safety Operations, LLC Commercial Services & Supplies | term loan first lien | $4.9M | $4.8M 97c | SOFR+475 bp PIK 2.00% | Mar 4, 2032 |
| Wellness AcquisitionCo, Inc. (dba SPINS) IT Services | term loan first lien | $4.8M | $4.7M 99c | SOFR+475 bp | Jan 22, 2029 |
| Frontline Road Safety Operations, LLC Commercial Services & Supplies | term loan first lien | $4.2M | $4.0M 97c | SOFR+475 bp PIK 2.00% | Mar 4, 2032 |
| Wildcat Solutions Holdings, LLC (dba O6 Environmental) Commercial Services & Supplies | term loan first lien | $3.4M | $3.3M 100c | SOFR+475 bp | Aug 5, 2032 |
| EnviroSmart, LLC (dba ES Integrated) Commercial Services & Supplies | term loan first lien | $2.9M | $2.9M 100c | SOFR+500 bp | Sep 24, 2031 |
| Ark Data Centers, LLC IT Services | term loan first lien | $2.8M | $2.6M 98c | SOFR+475 bp | Nov 27, 2030 |
| Convenient Payments Acquisition, Inc. Software | term loan first lien | $2.5M | $2.5M 99c | SOFR+600 bp | Dec 31, 2026 |
| Wellness AcquisitionCo, Inc. (dba SPINS) IT Services | term loan first lien | $2.2M | $2.1M 99c | SOFR+475 bp | Jan 22, 2029 |
| Octane Purchaser, Inc. (dba Office Ally) Health Care Technology | term loan first lien | $2.1M | $2.1M 98c | SOFR+435 bp | May 19, 2032 |
| Airwavz Solutions, Inc. Wireless Telecommunication Services | term loan first lien | $2.0M | $1.9M 99c | SOFR+525 bp | Mar 31, 2027 |
| Airwavz Solutions, Inc. Wireless Telecommunication Services | term loan first lien | $2.0M | $1.9M 99c | SOFR+525 bp | Mar 31, 2027 |
| Ark Data Centers, LLC IT Services | term loan first lien | $9.3M | $1.8M 88c | SOFR+475 bp | Nov 27, 2030 |
| Airwavz Solutions, Inc. Wireless Telecommunication Services | term loan first lien | $2.0M | $1.3M 99c | SOFR+525 bp | Mar 31, 2027 |
| Airwavz Solutions, Inc. Wireless Telecommunication Services | term loan first lien | $1.2M | $1.2M 99c | SOFR+525 bp | Mar 31, 2027 |
| Octane Purchaser, Inc. (dba Office Ally) Health Care Technology | term loan first lien | $1.1M | $1.1M 98c | SOFR+435 bp | May 19, 2032 |
| TL Sapphire Holdings, Inc. (dba SouthernCarlson) Trading Companies & Distributors | term loan first lien | $1.1M | $751,000 100c | SOFR+500 bp | Jan 24, 2033 |
| EnviroSmart, LLC (dba ES Integrated) Commercial Services & Supplies | term loan first lien | $1.7M | $706,000 100c | SOFR+500 bp | Sep 24, 2031 |
| Apple Bidco Holdings, Inc. (dba Raptor Technologies) Software | term loan first lien | $1.9M | $668,000 98c | SOFR+450 bp | Jan 22, 2033 |
| Rotation Buyer, LLC (dba Rotating Machinery Services) Machinery | term loan first lien | $2.8M | $666,000 97c | SOFR+475 bp | Dec 26, 2031 |
| Rotation Buyer, LLC (dba Rotating Machinery Services) Machinery | term loan first lien | $1.4M | $587,000 99c | SOFR+475 bp | Dec 26, 2031 |
| Pavement Preservation Acquisition, LLC (dba Pavement Preservation Group) Construction & Engineering | term loan first lien | $1.5M | $561,000 100c | SOFR+525 bp | Aug 9, 2030 |
| Celero Commerce LLC Financial Services | term loan first lien | $1.9M | $514,000 100c | SOFR+500 bp | Feb 28, 2031 |
| PPW Aero Buyer, Inc. (dba Pursuit Aerospace) | term loan first lien | $1.4M | $502,000 100c | SOFR+500 bp | Sep 30, 2031 |
| AAG KP Borrower LLC (dba KUIU) Textiles, Apparel & Luxury Goods | term loan first lien | $2.0M | $500,000 100c | SOFR+475 bp | Dec 5, 2031 |
| Octane Purchaser, Inc. (dba Office Ally) Health Care Technology | term loan first lien | $500,000 | $488,000 98c | SOFR+435 bp | May 19, 2032 |
| Saber Parent Holdings Corp. (dba Service Logic) Commercial Services & Supplies | term loan first lien | $1.1M | $477,000 99c | Prime+350 bp | Dec 16, 2032 |
| Fullsteam Operations LLC Financial Services | term loan first lien | $1.5M | $457,000 97c | SOFR+525 bp | Aug 8, 2031 |
| Wellness AcquisitionCo, Inc. (dba SPINS) IT Services | term loan first lien | $460,000 | $455,000 100c | SOFR+475 bp | Jan 22, 2029 |
| UFT Buyer LLC (dba United Flow Technologies) Trading Companies & Distributors | term loan first lien | $1.9M | $432,000 97c | SOFR+500 bp PIK 2.75% | Dec 6, 2032 |
| Ideal Components Acquisition, LLC (dba Ideal Tridon) Machinery | term loan first lien | $1.1M | $422,000 100c | SOFR+500 bp | Jun 30, 2032 |
| Wellness AcquisitionCo, Inc. (dba SPINS) IT Services | term loan first lien | $376,000 | $372,000 100c | SOFR+475 bp | Jan 22, 2029 |
| Saber Parent Holdings Corp. (dba Service Logic) Commercial Services & Supplies | term loan first lien | $2.1M | $364,000 96c | SOFR+475 bp PIK 2.25% | Dec 16, 2032 |
| Zeppelin US Buyer Inc. (dba Global Critical Logistics) | term loan first lien | $881,000 | $337,000 100c | SOFR+475 bp | Aug 2, 2032 |
| Convenient Payments Acquisition, Inc. Software | term loan first lien | $329,000 | $326,000 99c | SOFR+600 bp | Dec 31, 2026 |
| EnviroSmart, LLC (dba ES Integrated) Commercial Services & Supplies | term loan first lien | $840,000 | $283,000 99c | SOFR+500 bp | Sep 24, 2031 |
| PPW Aero Buyer, Inc. (dba Pursuit Aerospace) | term loan first lien | $2.3M | $226,000 95c | SOFR+500 bp | Sep 30, 2031 |
| AQ Sunshine, Inc. (dba Relation Insurance) | term loan first lien | n/a | $222,000 100c | SOFR+500 bp | Jul 24, 2033 |
| SpecialtyCare, Inc. Health Care Providers & Services | term loan first lien | $874,000 | $220,000 99c | SOFR+475 bp | Dec 18, 2029 |
| Lobos Parent, Inc. (dba NEOGOV) Software | term loan first lien | $1.6M | $206,000 91c | SOFR+425 bp | Sep 26, 2031 |
| PDDS Holdco, Inc. (dba Planet DDS) Health Care Technology | term loan first lien | $1.6M | $90,000 83c | SOFR+600 bp | Sep 30, 2031 |
| Edition Holdings, Inc. (dba Enverus) Software | term loan first lien | n/a | $41,000 65c | SOFR+450 bp | Dec 20, 2032 |
| Sundance Group Holdings, Inc. (dba NetDocuments) Software | term loan first lien | $606,000 | $30,000 88c | SOFR+475 bp | Jul 2, 2029 |
| AAG KP Borrower LLC (dba KUIU) Textiles, Apparel & Luxury Goods | term loan first lien | $126,000 | $-2,000 100c | SOFR+475 bp | Dec 5, 2031 |
| Celero Commerce LLC Financial Services | term loan first lien | $618,000 | $-2,000 50c | SOFR+500 bp | Feb 28, 2031 |
| Convenient Payments Acquisition, Inc. Software | term loan first lien | $197,000 | $-2,000 | SOFR+600 bp | Dec 31, 2026 |
| Airwavz Solutions, Inc. Wireless Telecommunication Services | term loan first lien | $246,000 | $-2,000 200c | SOFR+525 bp | Mar 31, 2027 |
| TL Sapphire Holdings, Inc. (dba SouthernCarlson) Trading Companies & Distributors | term loan first lien | $262,000 | $-3,000 150c | SOFR+500 bp | Jan 24, 2033 |
| Zeppelin US Buyer Inc. (dba Global Critical Logistics) | term loan first lien | $251,000 | $-3,000 150c | SOFR+475 bp | Aug 2, 2032 |
| CURiO Brands LLC Household Products | term loan first lien | $449,000 | $-4,000 100c | SOFR+500 bp | Apr 2, 2031 |
| eShipping, LLC Air Freight & Logistics | term loan first lien | $562,000 | $-6,000 200c | SOFR+450 bp | Dec 23, 2032 |
| Wellness AcquisitionCo, Inc. (dba SPINS) IT Services | term loan first lien | $550,000 | $-6,000 600c | SOFR+475 bp | Jan 22, 2029 |
| CURiO Brands LLC Household Products | term loan first lien | $897,000 | $-9,000 225c | SOFR+500 bp | Apr 2, 2031 |
| Wildcat Solutions Holdings, LLC (dba O6 Environmental) Commercial Services & Supplies | term loan first lien | $901,000 | $-9,000 113c | SOFR+475 bp | Aug 5, 2032 |
| UFT Buyer LLC (dba United Flow Technologies) Trading Companies & Distributors | term loan first lien | $716,000 | $-9,000 129c | SOFR+450 bp | Dec 6, 2032 |
| eShipping, LLC Air Freight & Logistics | term loan first lien | $1.0M | $-10,000 200c | SOFR+450 bp | Dec 23, 2032 |
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Registration
- Fiscal year end
- 1231reported
- Incorporated
- DEreported
- On the SEC BDC report
- 2025 to 2026reported
- Filings listed
- 8reported10-Q and 10-K since 2022
- Latest schedule
- 0001193125-26-344618reported