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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

BDC portfolio

R••• C•••••• C•••

BDCRANDCIK 81955file 814-00235BUFFALO, NYmanaged by R••• C•••••• M•••••••••

Fair value

$77.4M

as of Jun 30, 2026

Principal held

$49.2M

debt pieces, the filer's figure

Cost

$67.2M

115c on cost

Unfunded

n/a

commitments not yet drawn

Positions

26 borrowers

First lien

81% debt by fair value

Quarters on the tape

since Dec 31, 2021

Facilities held

0 sponsors financed

Portfolio through time

Fair value by quarter end$77.4M as of Jun 30, 2026

Dec 31, 2021$129M then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2026	$77.4M	26	109c	25	n/a
Mar 31, 2026	$63.0M	25	101c	23	n/a
Dec 31, 2025	$75.1M	29	142c	29	n/a
Sep 30, 2025	$49.3M	23	90c	30	n/a
Jun 30, 2025	$69.4M	23	134c	27	n/a
Mar 31, 2025	$272M	26	152c	29	n/a
Dec 31, 2024	$367M	34	203c	36	n/a
Sep 30, 2024	$315M	28	148c	32	n/a
Jun 30, 2024	$360M	29	157c	28	n/a
Mar 31, 2024	$362M	32	158c	26	n/a
Dec 31, 2023	$507M	38	337c	17	n/a
Sep 30, 2023	$310M	34	162c	15	n/a
Jun 30, 2023	$254M	35	105c	13	n/a
Mar 31, 2023	$259M	35	106c	13	n/a
Dec 31, 2022	$394M	36	222c	12	n/a
Dec 31, 2021	$129M	11	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
F•••••• H••••••••• first appears in a BDC schedule (1 lender)
New borrower on a BDC scheduleJun 30, 2026
T•••••• Guy Corporation $2 first appears in a BDC schedule (1 lender)
Marked down (one lender)Mar 31, 2026
R••• C•••••• C•••: fair value markdown in I••••••••• E••••••••• A••••• L•• • • (300 to 200 cents on cost)
Marked down (one lender)Mar 31, 2026
R••• C•••••• C•••: fair value markdown in B•••• S•••• M•••• (200 to 100 cents on cost)
Marked down (one lender)Mar 31, 2026
R••• C•••••• C•••: fair value markdown in A•••••• I•••• (200 to 100 cents on cost)
Marked down (one lender)Mar 31, 2026
R••• C•••••• C•••: fair value markdown in M••••••• R••••••• E•••••••• S•••••••• • • (84 to 60 cents on cost)
Marked down (one lender)Mar 31, 2026
R••• C•••••• C•••: fair value markdown in B•• F••• S•••••• S••••• H••••• (102 to 53 cents on cost)
New borrower on a BDC scheduleMar 31, 2026
M•••••••• R••••••• E•••••••• S•••••••• • • first appears in a BDC schedule (1 lender)
New borrower on a BDC scheduleDec 31, 2025
B•••• S•••• M•••• first appears in a BDC schedule (1 lender)
PIK interest increasedDec 31, 2025
R••• C•••••• C•••: pik increased in B•• F••• S•••••• S••••• H••••• (13.00% to 16.00%)
PIK interest increasedDec 31, 2025
R••• C•••••• C•••: pik increased in A••••••••• • • (11.00% to 14.00%)
Maturity extended (observed)Dec 31, 2025
R••• C•••••• C•••: maturity extended in A••••••••• • • (2026-06-30 to 2027-03-31)
New borrower on a BDC scheduleDec 31, 2025
C••••••••• • 5••• first appears in a BDC schedule (1 lender)
Marked down (one lender)Sep 30, 2025
R••• C•••••• C•••: fair value markdown in I••••••••• E••••••••• A••••• L•• • • (200 to 100 cents on cost)
Marked down (one lender)Sep 30, 2025
R••• C•••••• C•••: fair value markdown in A•••••• I•••• (200 to 100 cents on cost)
Marked down (one lender)Sep 30, 2025
R••• C•••••• C•••: fair value markdown in B•• S•••••• H••••• (200 to 100 cents on cost)
Marked down (one lender)Sep 30, 2025
R••• C•••••• C•••: fair value markdown in B•• F••• S•••••• S••••• H••••• (200 to 56 cents on cost)
PIK interest increasedSep 30, 2025
R••• C•••••• C•••: pik increased in A••••••••• • • (2.00% to 11.00%)
PIK interest appearsSep 30, 2025
R••• C•••••• C•••: pik added in B•• S•••••• H••••• (0.00% to 7.00%)
PIK interest appearsSep 30, 2025
R••• C•••••• C•••: pik added in I••••••••• E••••••••• A••••• L•• • • (0.00% to 1.00%)

Every position change, including routine ones

Largest facilities held, with co-lenders

I•• A••••••••• notes
1 BDC hold it · matures Jun 21, 2026
$6.8M 43c
A•• H••••• notes
1 BDC hold it · matures Feb 11, 2031
$6.0M 200c
F•••••• H••••••••• notes
1 BDC hold it · matures Apr 27, 2031
$4.5M 104c
F•• I••••••••• H••••• L•• • • notes
1 BDC hold it · matures Jul 31, 2033
$3.8M 100c
C••••• unsecured or subordinated notes
1 BDC hold it · matures Jul 2, 2027
$3.5M 100c
I••••••••• E••••••••• A••••• L•• • • notes
1 BDC hold it · matures Apr 4, 2028
$3.3M 200c
B•••• S•••• M•••• notes
1 BDC hold it · matures Oct 24, 2030
$3.3M 100c
H••••••• A•• A•••• P••••• H••••••• notes
1 BDC hold it · matures Aug 7, 2028
$3.0M 100c
M••••••• R••••••• E•••••••• S•••••••• • • notes
1 BDC hold it · matures Jan 16, 2029
$3.0M 60c
M••••• R• H••••••• L•• d• notes
1 BDC hold it · matures Oct 2, 2029
$2.5M 200c
A••••••••• • • notes
1 BDC hold it · matures Mar 31, 2027
$2.3M 69c
2• notes
1 BDC hold it · matures Jun 30, 2026
$2.3M n/a

Schedule of investments at Jun 30, 2026

95 positions

Borrower	Instrument	Principal	Fair value	Rate	Maturity
F•••••• H•••••••••, LLC d/b/a 4 Seasons Home Care - $4, 500, 000 Term	notes lien unstated	$4.5M	$4.7M 104c	12.00% PIK 2.00%	Apr 27, 2031
B•• F••• S•••••• S••••• H•••••, LLC - $7, 235, 000 Fourth Amended and Restated Term	notes lien unstated	n/a	$4.3M 53c
B•• F••• S•••••• S••••• H•••••, LLC - $7, 235, 000 Fourth Amended and Restated Term	notes lien unstated	n/a	$4.3M
I••••••••• E••••••••• A••••• LLC d/b/a EFINEA - $3, 288, 235 Term	notes lien unstated	n/a	$3.4M 100c	12.00%	Apr 4, 2028
I••••••••• E••••••••• A••••• L•• • •, 288, 235 Term	notes lien unstated	$3.3M	$3.4M	12.00%	Apr 4, 2028
F•• I••••••••• H••••• L•• • •, 380, 000 Term	notes lien unstated	$3.4M	$3.4M 100c	13.00%	Jul 31, 2028
H••••••• A•• A•••• P••••• H•••••••, Inc. - $3, 000, 000 Term	notes lien unstated	$3.0M	$3.4M 100c	12.00% PIK 4.00%	Aug 7, 2028
B•••• S•••• M•••• and Fabricating Inc. - $3, 250, 000 Term	notes lien unstated	n/a	$3.2M 100c	13.00%	Oct 24, 2030
A•• H•••••, LLC - $3, 000, 000 Term	notes lien unstated	$3.0M	$3.0M	13.00%	Feb 11, 2031
A•• H•••••, LLC - $3, 000, 000 Term	notes lien unstated	$3.0M	$3.0M 100c	13.00%	Feb 11, 2031
C•••••, Inc. - $1, 750, 000	notes unsecured or subordinated	$1.8M	$2.6M 100c	12.00% PIK 2.00%	Jul 2, 2027
C•••••, Inc. - $1, 750, 000	notes unsecured or subordinated	$1.8M	$2.6M 100c	12.00% PIK 2.00%	Jul 2, 2027
M••••• RN Holdings LLC - $2, 500, 000 Term	notes lien unstated	$2.5M	$2.5M	14.00% PIK 1.00%	Oct 2, 2029
M••••• R• H••••••• L•• d•/b/a M••••• IV Nurses - $2, 500, 000 Term	notes lien unstated	n/a	$2.5M 100c	14.00% PIK 1.00%	Oct 2, 2029
B••••••• D••••• M••••••••, LLC - $2, 250, 000 Term	notes lien unstated	n/a	$2.3M 100c	14.00% PIK 1.00%	Dec 12, 2030
A••••••••• - $2, 283, 702 Amended Term	notes lien unstated	n/a	$2.3M 69c
I••••••••• E••••••••• A••••• LLC - 75.3	preferred equity equity	n/a	$2.2M
I••••••••• E••••••••• A••••• LLC d/b/a EFINEA - 75.3	preferred equity equity	n/a	$2.2M 217c
T•••••• Guy Corporation $2, 100, 000 Term	notes lien unstated	$2.1M	$2.1M	13.00% PIK 1.00%	Jun 3, 2031
T•••••• G•• C••• • •, 100, 000 Term	notes lien unstated	n/a	$2.1M 100c	13.00% PIK 1.00%	Jun 3, 2031
S•• L•• d•/b/a Verta - 250	equity equity	n/a	$2.0M 800c
S•• L•• d•/b/a Verta	equity equity	n/a	$2.0M
G•••••••• I••. - 1, 500, 000	notes lien unstated	$1.5M	$1.5M 100c	12.00% PIK 1.00%	Sep 15, 2026
O••• E•••••••, Inc. - 397, 899	preferred equity equity	n/a	$1.0M 84c
M••••••• R••••••• E•••••••• S•••••••• • •, 000, 000 Term	notes lien unstated	$3.0M	$1.0M	14.00%	Jan 16, 2029
M••••••• R••••••• E•••••••• S•••••••• • •, 000, 000 Term	notes lien unstated	n/a	$1.0M 30c	14.00%	Jan 16, 2029
A•• H•••••, LLC - 1, 000	equity equity	n/a	$1.0M 100c
H••••••• A•• A•••• P••••• H•••••••, Inc. - 1, 000	equity equity	n/a	$1.0M 100c
I•• A•••••••••, LLC - $2, 672, 808 Fifth Amended and Restated Term	notes lien unstated	n/a	$931,395 26c
I•• A•••••••••, LLC - $2, 672, 808 Fifth Amended and Restated Term	notes lien unstated	n/a	$931,395
C••••••• S•••• L•• • 6••••••	equity equity	n/a	$765,245 5102c
M••••••• R••••••• E•••••••• S•••••••• - 677, 924	term loan first lien	$677,924	$677,924 100c		Jan 16, 2027
M••••••• R••••••• E•••••••• S•••••••• - $677, 924	term loan first lien	$677,924	$677,924	3.25%	Jan 16, 2027
FCM I••••••••• H••••• LLC - $420, 000 Convertible	notes lien unstated	$420,000	$563,882 100c	PIK 10.00%	Jul 31, 2033
M••••• RN Holdings LLC - 6, 375	equity equity	n/a	$500,000
B••••••• D••••• M••••••••, LLC	preferred equity equity	n/a	$500,000 200c
M••••• R• H••••••• L•• d•/b/a M••••• IV Nurses - 6, 375	equity equity	n/a	$500,000 133c
I•• A•••••••••, LLC - $1, 500, 000 Term	notes lien unstated	n/a	$468,605 26c		Jun 21, 2026
B•••• S•••• M•••• and Fabricating Inc.	warrants equity	n/a	$300,000 2500c
T•••••• Guy Corporation - 300, 000	equity equity	n/a	$300,000 100c
B•••• S•••• M•••• and Fabricating LLC	warrants equity	n/a	$300,000
O••••• G••• T••••••••• I••.	preferred equity equity	n/a	$100,000 13c
C•••••, Inc. - 61, 261	preferred equity equity	n/a	$50,000 82c
C•••••, Inc. - 61, 261	preferred equity equity	n/a	$50,000 82c
G•••••••• I••.	preferred equity equity	n/a	$38 100c
B•• S•••••• H•••••, LLC - $1, 600, 000 Term	notes lien unstated	n/a	n/a	5.00% PIK 7.00%	Jul 31, 2026
A••••••••• - 417.7 shares	equity equity	n/a	n/a n/a
B•• S•••••• H•••••, LLC - $1, 600, 000 Term	notes lien unstated	n/a	n/a n/a	5.00% PIK 7.00%	May 31, 2028
B•• F••• S•••••• S••••• H•••••, LLC - $7, 235, 000 Fourth Amended and Restated Term	notes lien unstated	n/a	n/a	PIK 16.00%	Feb 5, 2027
C•••••, Inc. - 150	equity equity	n/a	n/a n/a
A•••••• I••••, Inc. - $1, 750, 000 Term	notes lien unstated	n/a	n/a		Feb 1, 2029
B•• F••• S•••••• S••••• H•••••, LLC - $7, 235, 000 Fourth Amended and Restated Term	notes lien unstated	n/a	n/a	PIK 16.00%	Feb 5, 2027
B•• F••• S•••••• S••••• H•••••, LLC - $7, 235, 000 Fourth Amended and Restated Term	notes lien unstated	n/a	n/a	12.00% PIK 12.00%	Feb 5, 2027
JPMorgan U.S. Government Money Market Fund Premier	unstated lien unstated	n/a	n/a
I•• A•••••••••, LLC - $2, 672, 808 Fifth Amended and Restated Term	notes lien unstated	$2.3M	n/a	12.00% PIK 2.00%	Jun 21, 2026
I•• A•••••••••, LLC - $2, 672, 808 Fifth Amended and Restated Term	notes lien unstated	n/a	n/a	14.00%	Jun 21, 2026
I•• A•••••••••, LLC - $1, 500, 000 Term	notes lien unstated	n/a	n/a	12.00% PIK 2.00%	Jun 21, 2026
M••••••• R••••••• E•••••••• S•••••••• - 37, 991	equity equity	n/a	n/a n/a
B•• F••• S•••••• S••••• H•••••, LLC - $7, 235, 000 Fourth Amended and Restated Term	notes lien unstated	n/a	n/a	12.00% PIK 12.00%	Feb 5, 2027
B•• F••• S•••••• S••••• H•••••, LLC - $7, 235, 000 Fourth Amended and Restated Term	notes lien unstated	n/a	n/a	13.00%	Nov 22, 2027
B••••••• D••••• M••••••••, LLC - $2, 250, 000 Term	notes lien unstated	n/a	n/a	14.00% PIK 1.00%	Dec 12, 2030
A••••••••• - $2, 283, 702 Amended Term	notes lien unstated	n/a	n/a	14.00%	Mar 31, 2027
C••••••••• • 5•••	equity equity	n/a	n/a
I•• A•••••••••, LLC - $2, 672, 808 Fifth Amended and Restated Term	notes lien unstated	$2.7M	n/a
P••••••••• T•••••••••, Inc. - 137, 054	preferred equity equity	n/a	n/a n/a
B•• F••• S•••••• S••••• H•••••, LLC - $7, 235, 000 Fourth Amended and Restated Term	notes lien unstated	n/a	n/a	13.00%	Nov 22, 2027
O••• E•••••••, Inc. - 397, 899 Common	unstated lien unstated	n/a	n/a n/a
B•• F••• S•••••• S••••• H•••••, LLC - $7, 235, 000 Fourth Amended and Restated Term	notes lien unstated	n/a	n/a	13.00% PIK 3.00%	Nov 22, 2027
B•• S•••••• H•••••, LLC - Preferred	equity equity	n/a	n/a
S•••••••• B•••••••• C•••••••••	warrants equity	n/a	n/a
C••••••• S•••• LLC	preferred equity equity	n/a	n/a
A•••••• I••••, Inc.	warrants equity	n/a	n/a
B•• F••• S•••••• S••••• H•••••, LLC - $7, 235, 000 Fourth Amended and Restated Term	notes lien unstated	n/a	n/a	13.00% PIK 3.00%	Nov 22, 2027
I•• A•••••••••, LLC - 1, 124	preferred equity equity	n/a	n/a
I•• A•••••••••, LLC 1, 124 I•• A•••••••••, LLC - 1, 924	equity equity	n/a	n/a
A••••••••• (formerly Filterworks A••••••••• USA, LLC) - 417.7 shares	equity equity	n/a	n/a
B•• S•••••• H•••••, LLC - $1, 600, 000 Term	notes lien unstated	n/a	n/a	12.00%	Mar 31, 2028
I•• A•••••••••, LLC 1, 124	preferred equity equity	n/a	n/a n/a
B•••• S•••• M•••• and Fabricating LLC - $3, 250, 000 Term	notes lien unstated	$3.3M	n/a	13.00%	Oct 24, 2030
I•• A•••••••••, LLC - $1, 500, 000 Term	notes lien unstated	$1.5M	n/a	12.00% PIK 2.00%	Jun 21, 2026
H••••••• A•• A•••• P••••• H•••••••, Inc. Interest Receivable $101, 280	unstated lien unstated	n/a	n/a
I•• A•••••••••, LLC - $2, 672, 808 Fifth Amended and Restated Term	notes lien unstated	$375,000	n/a	14.00%	Jun 21, 2026
A••••••••• - $2, 283, 702 Amended Term	notes lien unstated	$2.3M	n/a	PIK 14.00%	Jun 30, 2026
A••••••••• - $2, 283, 702 Amended Term	notes lien unstated	n/a	n/a	14.00%	Mar 31, 2027
2, 283, 702 Amended Term	notes lien unstated	$2.3M	n/a	PIK 14.00%	Jun 30, 2026
A••••••••• - 626.2 shares	equity equity	n/a	n/a n/a
S•••••••• B•••••••• C•••••••••	warrants equity	n/a	n/a
B•• S•••••• H•••••, LLC - $1, 600, 000 Term	notes lien unstated	n/a	n/a	12.00%	Mar 31, 2027
A••••••••• (formerly Filterworks A••••••••• USA, LLC) - 626.2 shares	equity equity	n/a	n/a
B•• F••• S•••••• S••••• H•••••, LLC	preferred equity equity	n/a	n/a n/a
C•••••, Inc. - 150	equity equity	n/a	n/a n/a
B•••• S•••• M•••• and Fabricating LLC - $3, 250, 000 Term	notes lien unstated	n/a	n/a
I•• A•••••••••, LLC 1, 924	equity equity	n/a	n/a
M••••••• R••••••• E•••••••• S••••••••	warrants equity	n/a	n/a n/a
B•• S•••••• H•••••, LLC - $1, 600, 000 Term	notes lien unstated	n/a	n/a

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Registration

Fiscal year end: 1231reported
Incorporated: NYreported
On the SEC BDC report: 2012 to 2026reported
Filings listed: 19reported10-Q and 10-K since 2022
Latest schedule: 0001193125-26-333983reported