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

F• S•••••••• L•••••• F•••

BDCnon-tradedCIK 1501729file 814-00841PHILADELPHIA, PAmanaged by F••••• A••••••• L••

Fair value

$1.9B

as of Jun 30, 2025

Principal held

$1.7B

debt pieces, the filer's figure

Cost

$1.8B

104c on cost

Unfunded

n/a

commitments not yet drawn

Positions

124

77 borrowers

First lien

n/a

88% 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$1.9B as of Jun 30, 2025

Dec 31, 2021$408M then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2025	$1.9B	77	98c	8	564 bp
Mar 31, 2025	$2.0B	84	98c	9	545 bp
Dec 31, 2024	$2.7B	93	98c	8	563 bp
Sep 30, 2024	$1.8B	85	100c	9	520 bp
Jun 30, 2024	$1.7B	83	99c	9	507 bp
Mar 31, 2024	$1.9B	72	95c	7	505 bp
Dec 31, 2023	$2.2B	73	92c	13	510 bp
Sep 30, 2023	$1.5B	59	95c	8	580 bp
Jun 30, 2023	$1.5B	53	98c	11	589 bp
Mar 31, 2023	$1.8B	54	99c	12	590 bp
Dec 31, 2022	$2.3B	66	99c	13	588 bp
Dec 31, 2021	$408M	12	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, 2025
M••••••••• H••••• S••••••• L•• first appears in a BDC schedule (2 lenders)
New borrower on a BDC scheduleJun 30, 2025
All Day A•••••••••Co, LLC first appears in a BDC schedule (1 lender)
New borrower on a BDC scheduleJun 30, 2025
L•• C••••••••• S••••••• L•• first appears in a BDC schedule (2 lenders)
New borrower on a BDC scheduleJun 30, 2025
T•••••••• I•• first appears in a BDC schedule (1 lender)
New lender joined a facilityJun 30, 2025
F• S•••••••• L•••••• F••• joins A•••••• T•••••••• S•••••••• L•• other (unknown) held by 2 other BDCs
New lender joined a facilityJun 30, 2025
F• S•••••••• L•••••• F••• joins T•••• I••••••••• C••••••• I•• other (unknown) held by 2 other BDCs
Marked down (one lender)Jun 30, 2025
F• S•••••••• L•••••• F•••: fair value markdown in R•••••••• G••••• I•• (100 to 92 cents on cost)
Marked down (one lender)Jun 30, 2025
F• S•••••••• L•••••• F•••: fair value markdown in W•• H••••••• I•• (101 to 91 cents on cost)
Marked down (one lender)Jun 30, 2025
F• S•••••••• L•••••• F•••: fair value markdown in C••••• I••••••••• 2, LLC (103 to 91 cents on cost)
Maturity extended (observed)Jun 30, 2025
F• S•••••••• L•••••• F•••: maturity extended in A••••••• A••• A•••••• G••••• L•• (2027-12-30 to 2032-05-28)
New borrower on a BDC scheduleMar 31, 2025
O••••• B••••••• L•• first appears in a BDC schedule (1 lender)
New borrower on a BDC scheduleMar 31, 2025
S•••••• E••••• R•••••••• L•• first appears in a BDC schedule (1 lender)
New borrower on a BDC scheduleMar 31, 2025
S••••••• B••••• I•• first appears in a BDC schedule (1 lender)
Lender left a facilityMar 31, 2025
F• S•••••••• L•••••• F••• no longer holds P••••••• P• B•••••••• L•• other after 2025-03-31; 2 BDC(s) still hold it
Lender left a facilityMar 31, 2025
F• S•••••••• L•••••• F••• no longer holds P•••• L•• other after 2025-03-31; 1 BDC(s) still hold it
New borrower on a BDC scheduleMar 31, 2025
C• E••••• B•••• L•• first appears in a BDC schedule (1 lender)
New lender joined a facilityMar 31, 2025
F• S•••••••• L•••••• F••• joins B••• N•••• S••• U• H••••• 2• I•• other (unknown) held by 4 other BDCs
Lender left a facilityMar 31, 2025
F• S•••••••• L•••••• F••• no longer holds B••• N•••• S••• U• H••••• 2• I•• other after 2025-03-31; 1 BDC(s) still hold it
New lender joined a facilityMar 31, 2025
F• S•••••••• L•••••• F••• joins L••• H•••••••• I•• other (unknown) held by 4 other BDCs
Lender left a facilityMar 31, 2025
F• S•••••••• L•••••• F••• no longer holds S••••••••• I•• other after 2025-03-31; 1 BDC(s) still hold it

Every position change, including routine ones

Largest facilities held, with co-lenders

Schedule of investments at Jun 30, 2025

124 positions

Borrower	Instrument	Principal	Fair value	Rate	Maturity
B••••• S••••• W•••••••• C•• I• L••. Structured finance (CLO)	unstated lien unstated	n/a	$90.2M
D••••••••• E••••• C••••••• P••	equity equity	n/a	$55.0M 125c
E••••••••• C••••••••• I••••••••• I••. Capital Goods	unstated lien unstated	$46.9M	$47.4M 103c	S+650 bp	May 10, 2029
A••••••, LLC Pharmaceuticals, Biotechnology & Life Sciences	unstated lien unstated	$45.3M	$44.6M 100c	S+700 bp	Dec 31, 2029
M••••••••• M••••• I••. Capital Goods	unstated lien unstated	$42.7M	$42.1M 100c	S+475 bp	Mar 25, 2032
P•••••• M••••, LLC Consumer Services	unstated lien unstated	$40.6M	$40.9M 100c	PIK 11.60%	Nov 18, 2030
O•••••• I••••••••• L•• Capital Goods	unstated lien unstated	$39.9M	$39.2M 100c	S+575 bp	Dec 6, 2030
O••••• B•••••••, LLC Consumer Durables & Apparel	unstated lien unstated	$39.8M	$39.1M 100c	S+575 bp	Jan 3, 2030
O•••• I••. Financial Services	unstated lien unstated	$37.8M	$37.1M 100c	S+550 bp	Jul 25, 2031
L• O•••• B•••• L••. Software & Services	unstated lien unstated	$36.3M	$36.7M 100c	S+550 bp	Nov 22, 2031
P•••••• P•• H•••••••• I••. Materials	unstated lien unstated	$33.2M	$33.2M 101c	S+375 bp PIK 1.30%	Oct 2, 2028
A••••• Partners, Inc. Media & E•••••••••	unstated lien unstated	$35.5M	$33.1M 95c	S+675 bp	Jul 1, 2029
S•••••• E••••• R•••••••• L•• Capital Goods	unstated lien unstated	$32.6M	$32.0M 100c	5.50%	Dec 18, 2029
C•• A••••••••• L•• H••••• Care Equipment & Services	unstated lien unstated	$31.4M	$31.0M 101c	S+550 bp	Dec 30, 2030
All Day A•••••••••Co, LLC Consumer Services	unstated lien unstated	$31.6M	$31.0M 100c	S+650 bp	Apr 30, 2030
M•• S••••••• H•••••••• L•• Commercial & Professional Services	unstated lien unstated	$34.4M	$30.9M 92c	PIK 15.00%	Sep 20, 2030
W••• L•• Consumer Discretionary Distribution & Retail	unstated lien unstated	$31.6M	$30.8M 100c	S+650 bp	Jan 25, 2028
F••••• P••• L•• Materials	unstated lien unstated	$31.4M	$30.8M 100c	S+600 bp	Mar 21, 2030
W•••••••• L••. Media & E•••••••••	unstated lien unstated	$31.0M	$30.7M 101c	6.00%	Jul 23, 2029
A•••••• T••••••••• H••••••• C•••. H••••• Care Equipment & Services	unstated lien unstated	$29.8M	$29.1M 100c	S+675 bp	Nov 5, 2029
A•••• M••••• C•••. Commercial & Professional Services	unstated lien unstated	$29.3M	$28.2M 98c	S+650 bp	Dec 31, 2029
M2S Group I••••••••• Holdings, Inc. Materials	unstated lien unstated	$28.6M	$27.8M 104c	S+475 bp	Aug 25, 2031
A•••• C•••. Commercial & Professional Services	unstated lien unstated	$27.5M	$27.2M 99c	S+750 bp	May 23, 2029
T•••••••• I••. Consumer Discretionary Distribution & Retail	unstated lien unstated	$26.8M	$26.3M 100c	S+600 bp	May 6, 2030
M••••••••• H••••• S••••••• L•• H••••• Care Equipment & Services	unstated lien unstated	$26.5M	$26.2M 100c	S+625 bp	Dec 31, 2027
C• E••••• B•••• L••. Consumer Services	unstated lien unstated	$18.8M	$25.8M 107c	S+550 bp	Feb 19, 2031
W••••••••• P••••••• L•• Consumer Durables & Apparel	unstated lien unstated	$25.9M	$25.7M 106c	S+325 bp	Oct 30, 2027
F••• H•••• R••••••• I••. Consumer Services	unstated lien unstated	$25.7M	$25.0M 104c	8.30%	Feb 15, 2028
D••••••• H••• F•••• L•• Consumer Services	unstated lien unstated	$24.7M	$25.0M 101c	S+500 bp	Dec 12, 2029
L••••••••• I••. Transportation	unstated lien unstated	$24.8M	$24.6M 98c	S+625 bp	Jan 2, 2029
C•• H•••••••• I••. Capital Goods	unstated lien unstated	$24.6M	$24.2M 98c	S+450 bp	Sep 28, 2028
T•• H•••••••• I••. Consumer Staples Distribution & Retail	unstated lien unstated	$24.0M	$24.0M 104c	S+500 bp	May 15, 2028
C••••••••• H•••••••• L•• Consumer Services	unstated lien unstated	$23.3M	$23.7M 102c	S+650 bp	Jul 18, 2028
Allspring Government Money Market Fund - Select C••••, Money	unstated lien unstated	n/a	$23.5M	4.30%
T•••••••, LP Commercial & Professional Services	unstated lien unstated	$24.5M	$23.3M 99c	S+400 bp	Nov 2, 2027
LTC C••••••••• Services, LLC H••••• Care Equipment & Services	unstated lien unstated	$23.5M	$23.3M 100c	S+475 bp	May 1, 2031
I•• H•••••••• I••. Materials	unstated lien unstated	$23.7M	$23.1M 100c	S+425 bp	Mar 5, 2027
A••••••• A••• A•••••• G••••• L•• Commercial & Professional Services	unstated lien unstated	$22.9M	$23.1M 101c	S+450 bp	May 28, 2032
L•••• I••. Commercial & Professional Services	unstated lien unstated	$24.5M	$22.1M 92c	S+500 bp	Oct 30, 2028
R•••••••• G••••• I•• A•••mobiles & C•••••••••	unstated lien unstated	$24.6M	$22.1M 92c	S+375 bp	Jan 31, 2028
G••• D••••• P••••••• O•••• L•• H••••• Care Equipment & Services	unstated lien unstated	$23.3M	$22.0M 96c	S+550 bp	May 13, 2030
N•• H••••••• C•••• B• M•••••• L•• E•••••	unstated lien unstated	$23.4M	$21.8M 99c	S+178 bp	Jan 31, 2028
A•••••• T•••••••• S•••••••• L•• Commercial & Professional Services	unstated lien unstated	$21.5M	$21.3M 100c	S+525 bp	Apr 8, 2031
S••••••• B••••• I••. Commercial & Professional Services	unstated lien unstated	$21.4M	$21.3M 98c	5.25%	Jan 27, 2032
RPC T•••• Inc. Consumer Durables & Apparel	unstated lien unstated	$21.2M	$21.0M 100c	4.75%	Aug 30, 2031
D•••••• I••••••••• F•••••• L••. Telecommunication Services	unstated lien unstated	$20.4M	$20.4M 103c	S+525 bp PIK 2.30%	May 25, 2027
Wok Holdings, Inc. Consumer Services	unstated lien unstated	$22.3M	$19.6M 91c	S+625 bp	Sep 3, 2029
T••••••• L•• E•••••	unstated lien unstated	$20.5M	$19.6M 95c	S+750 bp	Mar 17, 2027
A••••• A••••••••• L••	equity equity	$19.2M	$19.0M 100c	S+500 bp	Oct 6, 2029
G••••• C•••••• I••. Consumer Discretionary Distribution & Retail	unstated lien unstated	$23.6M	$19.0M 83c	8.50%	Jan 15, 2026
B••••• S••••• C•• I• L••. Structured finance (CLO)	notes unsecured or subordinated	$23.7M	$18.4M 78c	16.70%	Apr 20, 2037
B••••• S••••• C•• V• L••. Structured finance (CLO)	notes unsecured or subordinated	$19.5M	$18.3M 104c	18.20%	Apr 20, 2038
U•• C••••••••• P•••••••• L•	preferred equity equity	n/a	$15.8M 126c	9.80%	Apr 3, 2028
P•••••• G•••••• B••••• I••. Insurance	unstated lien unstated	$16.0M	$15.7M 100c	S+575 bp	Dec 31, 2031
H•• A••••••• C•••. Media & E•••••••••	unstated lien unstated	$15.7M	$15.5M 100c	S+475 bp	Nov 5, 2031
R••••• I••••••••• H••••••• I• L•• H••••hold & Personal P•••••••	unstated lien unstated	$15.0M	$14.7M 98c	S+688 bp	May 2, 2028
C••••• I••••••••• 2, LLC Consumer Discretionary Distribution & Retail	unstated lien unstated	$16.0M	$14.3M 91c	S+600 bp	Sep 17, 2031
F•••• B••••• G••••• L•• A•••mobiles & C•••••••••	unstated lien unstated	$14.6M	$13.7M 103c	S+500 bp	Mar 30, 2027
T•••• Purchaser, Inc. Materials	unstated lien unstated	$12.8M	$12.9M 101c	S+600 bp	Mar 1, 2030
F•••• B••••• G••••• L•• A•••mobiles & C•••••••••	unstated lien unstated	$13.6M	$12.9M 95c	S+500 bp	Mar 30, 2027
C•• V•••••• G•••• A••••••••• I••. Real Estate Management & Development	unstated lien unstated	$12.6M	$12.6M 102c	S+475 bp	Sep 25, 2030
R••••••• S•••••••• P•••••• L••	equity equity	n/a	$12.1M 103c
L••• H•••••••• I••. H••••• Care Equipment & Services	unstated lien unstated	$11.6M	$11.4M 99c	S+450 bp	Mar 4, 2032
M•••••• C•••. Materials	unstated lien unstated	$9.9M	$9.8M 99c	S+425 bp	Nov 4, 2031
C•• V•••••• G•••• A••••••••• I••. Real Estate Management & Development	unstated lien unstated	$9.8M	$9.8M 100c	S+475 bp	Sep 25, 2030
C••••• M••••••• T••••• I••. Financial Services	unstated lien unstated	$9.9M	$9.7M 103c	S+450 bp	Aug 9, 2026
R••••••• S•••••••• P•••••• L•• H••••• Care Equipment & Services	unstated lien unstated	$9.5M	$9.5M 100c	S+750 bp	Jan 27, 2030
U•••••••• E••••••••• C•••. Consumer Durables & Apparel	unstated lien unstated	$9.6M	$9.4M 99c	9.90%	Aug 1, 2029
ST EIP Holdings, Inc. E•••••	unstated lien unstated	$10.0M	$9.2M 95c	6.30%	Jan 10, 2030
H•• A••••••• C•••. Media & E•••••••••	unstated lien unstated	$9.3M	$9.2M 99c	S+475 bp	Nov 5, 2031
C•• A••••••••• L•• H••••• Care Equipment & Services	unstated lien unstated	$8.6M	$8.5M 99c	S+550 bp	Dec 30, 2030
B•••• H••••••• I••• L•• Capital Goods	unstated lien unstated	$8.4M	$8.1M 97c	S+575 bp	May 2, 2030
Global Jet Capital Holdings, LP	preferred equity equity	n/a	$8.0M 81c
G••• D••••• P••••••• O•••• L•• H••••• Care Equipment & Services	unstated lien unstated	$7.9M	$7.4M 95c	S+550 bp	May 13, 2030
C••••••••• H•••••••• L•• Consumer Services	unstated lien unstated	$6.3M	$6.5M 102c	S+650 bp	Jul 18, 2028
N•• W••• P•••••• L•• H••••• Care Equipment & Services	unstated lien unstated	$6.4M	$6.4M 100c	S+950 bp	May 9, 2030
B••••• S••••• W•••••••• C•• V• L••. Structured finance (CLO)	unstated lien unstated	$5.0M	$5.2M 100c	6.20%	Aug 1, 2025
C••••••••• H•••••••• L•• Consumer Services	unstated lien unstated	$5.0M	$5.1M 104c	S+650 bp	Jul 18, 2028
S••••••• B••••• I••. Commercial & Professional Services	unstated lien unstated	$5.1M	$5.0M 100c	5.25%	Jan 27, 2032
L• O•••• B•••• L••. Software & Services	unstated lien unstated	$4.8M	$4.9M 100c	S+550 bp	Nov 22, 2031
L• O•••• B•••• L••. Software & Services	unstated lien unstated	$3.5M	$4.3M 100c	S+300 bp	May 22, 2031
P••••••••• R•••••••• E••••• H••••••• L•• E•••••	unstated lien unstated	$16.6M	$4.0M 36c	6.00% PIK 9.50%	Aug 22, 2025
A••••• Partners, Inc. Media & E•••••••••	unstated lien unstated	$3.9M	$3.7M 93c	S+675 bp	Jul 1, 2029
A•••••• T•••••••• S•••••••• L•• Commercial & Professional Services	unstated lien unstated	$3.5M	$3.5M 99c	S+525 bp	Apr 8, 2031
All Day A•••••••••Co, LLC Consumer Services	unstated lien unstated	$3.4M	$3.4M 98c	S+650 bp	Apr 30, 2030
A•••• M••••• C•••. Commercial & Professional Services	unstated lien unstated	$3.4M	$3.2M 96c	S+650 bp	Dec 31, 2029
T•••••••• I••. Consumer Discretionary Distribution & Retail	unstated lien unstated	$3.2M	$3.1M 98c	S+600 bp	May 6, 2030
A••••••, LLC Pharmaceuticals, Biotechnology & Life Sciences	unstated lien unstated	$3.1M	$3.1M 98c	S+700 bp	Dec 31, 2029
RPC T•••• Inc. Consumer Durables & Apparel	unstated lien unstated	$3.0M	$3.0M 99c	4.75%	Aug 30, 2031
W•••••••• L••. Media & E•••••••••	unstated lien unstated	$2.7M	$2.7M 99c	6.00%	Jul 23, 2029
E••••••••• C••••••••• I••••••••• I••. Capital Goods	unstated lien unstated	$2.6M	$2.6M 101c	S+650 bp	May 10, 2029
U••••• N•••••• F••••• I••. Consumer Staples Distribution & Retail	unstated lien unstated	$2.5M	$2.5M 103c	S+475 bp	May 1, 2031
N•• W••• P•••••• L••	preferred equity equity	n/a	$2.4M 99c	PIK 13.00%
P•••••• G•••••• B••••• I••. Insurance	unstated lien unstated	$2.5M	$2.4M 98c	S+575 bp	Dec 31, 2030
W••• L•• Consumer Discretionary Distribution & Retail	unstated lien unstated	$2.3M	$2.3M 97c	S+650 bp	Jan 25, 2028
LTC C••••••••• Services, LLC H••••• Care Equipment & Services	unstated lien unstated	$1.5M	$1.5M 99c	S+475 bp	May 1, 2031
P•••••• G•••••• B••••• I••. Insurance	unstated lien unstated	$1.5M	$1.5M 98c	S+575 bp	Dec 31, 2031
S••••••• B••••• I••. Commercial & Professional Services	unstated lien unstated	$689,000	$686,000 101c	5.25%	Jan 27, 2032
W•••••••• L••. Media & E•••••••••	unstated lien unstated	$675,000	$669,000 110c	6.00%	Jul 23, 2029
H•••••• O•• • G•• C•••.	equity equity	n/a	$389,000 3c

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Registration

Fiscal year end: 1231reported
Incorporated: DEreported
On the SEC BDC report: 2012 to 2025reported
Filings listed: 15reported10-Q and 10-K since 2022
Former names: FS Energy & Power Fundreported
Latest schedule: 0001628280-25-040339reported