DFX Intelligence
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N•• M••••••• G••••••• I•• B••• L•••••
Business development companymanaged by N•• M••••••• F•••••• A••••••• B••• L••••No longer on the SEC BDC reportNon-tradedLatest schedule Sep 30, 2024· NEW YORK, NY
A non-traded business development company, managed by N•• M••••••• F•••••• A••••••• B••• L••••, holding $1.5B across 77 borrowers at Sep 30, 2024.
Composed from this BDC's filings and its latest schedule of investments.
As of · the latest schedule of investments read for this BDC
- Fair value
- $1.5B
- Borrowers
- 77
- Mark on cost
- 98.6¢
- First lien
- 83%
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
Schedule of investments, 10-Q and 10-K
As of · the latest schedule of investments read for this BDC
Nothing material in the last 200 days. Last change: 30 Sep 2024, Lost a net 7 borrowers in the quarter to Sep 30, 2024, to 77.
Every headline figure, and the identifiersCIK 1781870 · file 814-01317ShowHide
Fair value
$1.5B
as of Sep 30, 2024
Principal held
$1.6B
debt pieces, the filer's figure
Cost
$1.6B
99c on cost
Unfunded
Not disclosed
commitments not yet drawn
Positions
200
77 borrowers
First lien
83%
95% debt by fair value
Quarters on the tape
8
since Dec 31, 2022
Facilities held
0
0 sponsors financed
Portfolio through timeHow each quarter is readEach quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.
Fair value by quarter end$1.5B as of Sep 30, 2024
Dec 31, 2022$2.1B then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Sep 30, 2024 | $1.5B | 77 | 99c | 25 | 552 bp |
| Jun 30, 2024 | $3.2B | 84 | 99c | 27 | 566 bp |
| Mar 31, 2024 | $1.9B | 95 | 98c | 34 | 570 bp |
| Dec 31, 2023 | $3.9B | 104 | 98c | 63 | 577 bp |
All 8 quartersShow fewer
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Sep 30, 2023 | $2.1B | 107 | 98c | 26 | 569 bp |
| Jun 30, 2023 | $2.1B | 104 | 98c | 26 | 572 bp |
| Mar 31, 2023 | $2.1B | 103 | 98c | 22 | 576 bp |
| Dec 31, 2022 | $2.1B | 104 | 97c | 22 | 575 bp |
Sponsors financedHow sponsors are countedCounted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.
No borrower on this schedule has a sponsor attribution yet.
What changed
- Marked down (one lender)Sep 30, 2024
- Marked down (one lender)Sep 30, 2024
- Marked down (one lender)Sep 30, 2024
- Spread increasedSep 30, 2024
- Maturity extended (observed)Sep 30, 2024
Full timeline · 20 eventsShow fewer
- Maturity shortened (observed)Sep 30, 2024
- Maturity shortened (observed)Sep 30, 2024
- Maturity shortened (observed)Sep 30, 2024
- Maturity shortened (observed)Sep 30, 2024
- Maturity shortened (observed)Sep 30, 2024
- Lender left a facilityJun 30, 2024
- Lender left a facilityJun 30, 2024
- Lender left a facilityJun 30, 2024
- Lender left a facilityJun 30, 2024
- New borrower on a BDC scheduleJun 30, 2024
- Marked down (one lender)Jun 30, 2024
- Marked down (one lender)Jun 30, 2024
- Spread increasedJun 30, 2024
- PIK interest appearsJun 30, 2024
- PIK interest appearsJun 30, 2024
Schedule of investments at Sep 30, 2024
200 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| G• A••••••••• I••• | term loan first lien | $52.4M | $52.4M 100c | S+525 bp | May 1, 2028 |
| L•••• S•••• H•••••••• L•• ••• B••••••••• T••••••••• I•••• | term loan first lien | $48.9M | $48.9M 101c | S+525 bp | May 1, 2029 |
| A• A••••• U• B••••• I••• | term loan first lien | $47.8M | $47.8M 101c | S+475 bp | Dec 1, 2028 |
| O• B••••• I••• | term loan first lien | $45.5M | $45.5M 101c | S+500 bp | Dec 1, 2028 |
| C••••• B••••• I••• | term loan first lien | $45.8M | $41.8M 92c | 11.21% PIK 6.50% | Dec 1, 2028 |
| D••••••••• A••••••••• I••• | term loan first lien | $41.9M | $41.7M 100c | S+550 bp | Sep 1, 2028 |
| A••••••• I••• | term loan first lien | $40.4M | $40.4M 101c | S+525 bp | Jun 1, 2029 |
| D••••• T••• H•••••••• L•• | preferred equity equity | Not disclosed | $39.6M 105c | 7.00% PIK 7.00% | |
| I• I••••••••• H•••••••• L•• | term loan first lien | $38.6M | $38.6M 101c | S+600 bp | Sep 1, 2028 |
| N•••••••• T••••• L•• | term loan first lien | $41.1M | $38.1M 93c | S+475 bp PIK 2.50% | Nov 1, 2027 |
All 200 positionsShow fewer100 on this page; the pager has the rest
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| K••• A••••••••• I••• | term loan first lien | $39.9M | $33.2M 84c | S+425 bp | Dec 1, 2028 |
| O•••• B••••• I••• | term loan first lien | $32.1M | $32.1M 101c | S+350 bp PIK 2.75% | Nov 1, 2028 |
| F••••••• F•••••••• G••••• L•• | term loan first lien | $31.1M | $31.1M 101c | S+525 bp | Sep 1, 2027 |
| F••••• S•••••••• G••••• L•• | term loan first lien | $30.0M | $30.0M 101c | S+550 bp | Oct 1, 2028 |
| W••••• E••••••••• G••••• L•• | term loan first lien | $29.6M | $29.6M 100c | S+550 bp | Oct 1, 2027 |
| P•••••• B•••• I• L•• | term loan first lien | $28.4M | $28.4M 100c | S+650 bp | Nov 1, 2028 |
| i••••• I••• | term loan first lien | $28.5M | $28.3M 100c | S+575 bp | Aug 1, 2028 |
| D••• D••••• H••••••• L•• | term loan first lien | $28.2M | $27.8M 99c | S+575 bp | Aug 1, 2028 |
| K••••• I••• | term loan first lien | $26.3M | $26.3M 101c | S+550 bp | Jun 1, 2029 |
| G••••• B••••••• L•• | term loan first lien | $26.6M | $26.3M 100c | S+450 bp | Sep 1, 2028 |
| S•• A••••••• C•••• | term loan first lien | $24.3M | $24.3M 101c | S+575 bp | Sep 1, 2028 |
| B••••••••• I••• | term loan first lien | $24.0M | $24.0M 100c | S+550 bp | Dec 1, 2027 |
| A•••• F•••• S•• r••• • A•••• U• F••••• L•• | term loan second lien | $22.5M | $22.5M 100c | S+825 bp | Oct 1, 2027 |
| A••••••• I••• | term loan first lien | $21.7M | $21.7M 101c | S+625 bp | Oct 1, 2028 |
| C•• M••••••••• L•• | term loan first lien | $24.1M | $21.4M 89c | S+625 bp PIK 2.75% | Aug 1, 2024 |
| D•••• M••• L•• | term loan first lien | $20.8M | $20.7M 99c | S+575 bp | Jun 1, 2028 |
| I••••• H••••• I••• I••• | term loan second lien | $20.0M | $20.2M 102c | S+675 bp | Dec 1, 2029 |
| A•• T••••• L•• | term loan first lien | $20.0M | $20.0M 101c | S+525 bp | Dec 1, 2027 |
| A•• T••••• L•• | term loan first lien | $19.8M | $19.8M 101c | S+525 bp | Dec 1, 2027 |
| I••••••• C••••••••• | subordinated debt unsecured or subordinated | $19.8M | $19.8M 101c | S+750 bp | Jul 1, 2029 |
| F••••••••• E•••••••• G••••• I••• | term loan second lien | $19.7M | $19.7M 100c | S+650 bp | Aug 1, 2029 |
| A•••••• I••• ••• S••••••••• I•••• | term loan first lien | $19.4M | $19.0M 98c | S+575 bp | Oct 1, 2028 |
| O• H••••••••• G••••• I••• | term loan first lien | $18.9M | $18.9M 101c | S+525 bp | Sep 1, 2027 |
| T••••••••• I••• | term loan first lien | $18.4M | $18.4M 101c | S+338 bp PIK 3.38% | Feb 1, 2028 |
| I••••• I••• | term loan second lien | $17.6M | $17.6M 100c | S+675 bp | Mar 1, 2029 |
| D•••• A••••••••• C••••••••• | term loan first lien | $17.4M | $17.4M 101c | S+500 bp | Oct 1, 2028 |
| F• W••••••••• B•••••••• L•• | term loan first lien | $17.4M | $17.4M 101c | S+575 bp | Dec 1, 2027 |
| P•••••• E•••••••• B••••• I••• | term loan first lien | $18.0M | $16.8M 94c | S+300 bp PIK 3.25% | Apr 1, 2028 |
| R••••••••• O•• L•• | term loan first lien | $16.8M | $16.8M 100c | S+450 bp | May 1, 2029 |
| H• P••••••••• L•• • H••••••••• H•••••••• I••• | term loan second lien | $18.9M | $16.5M 87c | S+675 bp | Nov 1, 2027 |
| A•• P••••• I••• | preferred equity equity | Not disclosed | $15.9M 89c | 11.75% PIK 11.75% | |
| A•••••• I••• ••• S••••••••• I•••• | term loan first lien | $14.1M | $13.8M 98c | S+575 bp | Oct 1, 2028 |
| A•• T••••• L•• | subordinated debt unsecured or subordinated | $13.1M | $12.9M 99c | 11.50% PIK 11.50% | Dec 1, 2031 |
| S•••••• L•• | term loan second lien | $12.5M | $12.5M 100c | S+800 bp | Dec 1, 2028 |
| K••••••• I••••••••• H••••••• I• I•• | preferred equity equity | Not disclosed | $11.6M 101c | 16.01% PIK 10.75% | |
| D• I••••••••• I••••••••• H••••••• 2• I••• | term loan second lien | $12.2M | $11.5M 94c | S+675 bp | Mar 1, 2029 |
| S••••••••• I••• | term loan first lien | $11.5M | $11.2M 98c | S+575 bp | Jun 1, 2028 |
| N•• C•••••• H•••••••• I••• | term loan first lien | $11.1M | $11.1M 101c | S+609 bp | Mar 1, 2028 |
| G• W•••• H•••••••• I••• | term loan first lien | $10.4M | $10.4M 101c | S+525 bp | Aug 1, 2029 |
| A•• G•••• H•••••••• I••• | term loan first lien | $10.6M | $10.3M 98c | S+550 bp | Aug 1, 2028 |
| M••••••• B•••• I••• | term loan second lien | $10.2M | $10.0M 98c | S+675 bp | May 1, 2029 |
| D•• I••••••••• H••••••• L•• | term loan first lien | $9.3M | $9.1M 98c | S+641 bp | Apr 1, 2028 |
| R•••••• P•••••• L•• | term loan first lien | $9.0M | $9.0M 101c | S+550 bp | Apr 1, 2029 |
| I••••••• C••••••••• | term loan first lien | $8.9M | $8.9M 100c | S+575 bp | Jul 1, 2028 |
| C• G•••• H•••••••• L•• | term loan first lien | $8.5M | $8.4M 100c | S+675 bp PIK 2.00% | Jul 1, 2027 |
| H•••••• P•••••• I••• | term loan first lien | $8.3M | $8.3M 100c | S+550 bp | Nov 1, 2028 |
| P•••••• C••••••••• | term loan first lien | $8.2M | $8.2M 100c | S+475 bp | Aug 1, 2027 |
| K•••• A••••••••• I••• | term loan first lien | $8.4M | $8.1M 97c | S+550 bp | Oct 1, 2028 |
| M•• S••••••• L•• | term loan first lien | $8.0M | $8.0M 100c | S+475 bp | Feb 1, 2027 |
| A••••••• P••••••• M••••••••• I••• | term loan first lien | $7.9M | $7.9M 100c | S+525 bp | Feb 1, 2028 |
| S•••• D•••••• L•• | term loan first lien | $7.8M | $7.7M 99c | S+590 bp | Dec 1, 2028 |
| T•••••• A•• C••••••••• H••••••• C••••••••• | term loan first lien | $7.4M | $7.4M 101c | S+525 bp | Jun 1, 2028 |
| P•••••• E•••••••• S•••• P•••••• I••• | preferred equity equity | Not disclosed | $7.2M 93c | 14.10% PIK 9.50% | |
| B••••• P••••• H••••••• L•• | term loan first lien | $6.9M | $6.9M 101c | S+475 bp | Dec 1, 2028 |
| D••••••• P•••••••• I•••••• I••• | preferred equity equity | Not disclosed | $6.9M 97c | 10.50% PIK 10.50% | |
| M••••••• B••••• H•••••••• L•• | term loan first lien | $6.9M | $6.9M 100c | S+550 bp | Dec 1, 2028 |
| S••••• B••••••• H••••••• L•• | term loan first lien | $6.9M | $6.9M 100c | S+525 bp | Sep 1, 2027 |
| R•••••••• I••• | term loan second lien | $6.4M | $6.2M 97c | S+650 bp | Apr 1, 2029 |
| C•••••••• I••• | term loan first lien | $6.0M | $6.0M 100c | S+550 bp | Apr 1, 2027 |
| F• W••••••••• B•••••••• L•• | term loan first lien | $5.8M | $5.8M 101c | S+575 bp | Dec 1, 2027 |
| F• W••••••••• B•••••••• L•• | term loan first lien | $5.8M | $5.8M 101c | S+575 bp | Dec 1, 2027 |
| P•••••• C••••••••• | term loan first lien | $5.6M | $5.6M 100c | S+475 bp | Aug 1, 2027 |
| I•• I••••••• H•••••••• I••• | term loan first lien | $5.2M | $5.2M 101c | S+550 bp | May 1, 2029 |
| C•• M••••••••• L•• | term loan first lien | $5.7M | $5.0M 89c | S+625 bp PIK 2.75% | Aug 1, 2024 |
| A••••••• F•••••••• G••••• L••• | term loan first lien | $5.0M | $5.0M 100c | S+500 bp | Dec 1, 2027 |
| T•••••• B••••• H••••••• L•• | term loan second lien | $6.0M | $5.0M 84c | S+675 bp | May 1, 2029 |
| A••••••• F•••••••• G••••• L••• | term loan first lien | $5.0M | $5.0M 101c | S+500 bp | Dec 1, 2027 |
| K••• A••••••••• I••• | term loan first lien | $5.7M | $4.7M 84c | S+425 bp | Dec 1, 2027 |
| T•• H••• P•••••• C•••• | term loan first lien | $5.6M | $4.7M 84c | 10.17% PIK 5.25% | Jun 1, 2029 |
| B••••• H••••• H•••••••• L•• ••••• A•••••• H•••••• L••• | term loan first lien | $4.6M | $4.6M 101c | S+700 bp | May 1, 2027 |
| i••••• I••• | term loan first lien | $4.5M | $4.5M 101c | S+625 bp | Aug 1, 2028 |
| W••••• E••••••••• G••••• L•• | subordinated debt unsecured or subordinated | $3.9M | $3.9M 101c | 15.00% PIK 15.00% | May 1, 2033 |
| S•• A••••••• C•••• | term loan first lien | $3.9M | $3.9M 101c | S+575 bp | Sep 1, 2028 |
| P•••••• B•••• I• L•• | term loan first lien | $3.9M | $3.9M 101c | S+650 bp | Nov 1, 2028 |
| C•••••••• I••• | term loan second lien | $4.0M | $3.8M 95c | S+600 bp | Oct 1, 2029 |
| M•• S••••••• L•• | term loan first lien | $3.6M | $3.6M 100c | S+475 bp | Feb 1, 2027 |
| N•••••••• T••••• L•• | term loan first lien | $3.6M | $3.3M 93c | S+475 bp PIK 2.50% | Nov 1, 2027 |
| W••••• E••••••••• G••••• L•• | term loan first lien | $3.0M | $3.0M 101c | S+550 bp | Oct 1, 2027 |
| D••• D••••• H••••••• L•• | term loan first lien | $3.0M | $2.9M 99c | S+575 bp | Aug 1, 2028 |
| O• B••••• I••• | term loan first lien | $2.9M | $2.9M 101c | S+500 bp | Dec 1, 2028 |
| S•• A••••••• C•••• | term loan first lien | $2.8M | $2.8M 101c | S+575 bp | Sep 1, 2028 |
| B••••• P••••• H••••••• L•• | term loan first lien | $2.7M | $2.7M 101c | S+475 bp | Dec 1, 2028 |
| O•••• B••••• I••• | term loan first lien | $2.5M | $2.5M 101c | S+350 bp PIK 2.75% | Nov 1, 2028 |
| N•• C•••••• H•••••••• I••• | term loan first lien | $2.3M | $2.3M 100c | S+609 bp | Mar 1, 2028 |
| D••• D••••• H••••••• L•• | term loan first lien | $2.3M | $2.3M 99c | S+575 bp | Aug 1, 2027 |
| A••••••• P••••••• M••••••••• I••• | term loan first lien | $2.2M | $2.2M 100c | S+525 bp | Feb 1, 2028 |
| C••••• B••••• I••• | term loan first lien | $2.4M | $2.2M 91c | 11.21% PIK 6.50% | Dec 1, 2028 |
| T•••••• A•• C••••••••• H••••••• C••••••••• | term loan first lien | $2.2M | $2.2M 101c | S+525 bp | Jun 1, 2028 |
| W••••• E••••••••• G••••• L•• | term loan first lien | $2.0M | $2.0M 101c | S+550 bp | Oct 1, 2027 |
| D•• I••••••••• H••••••• L•• | term loan first lien | $2.1M | $2.0M 98c | S+641 bp | Apr 1, 2028 |
Page 1 of 2Next
Registration
- Fiscal year end
- 1231reported
- Incorporated
- DEreported
- On the SEC BDC report
- 2020 to 2024reported
- Filings listed
- 12reported10-Q and 10-K since 2022
- Latest schedule
- 0001781870-24-000014reported