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.
Borrower
F•••••••• H••••••• L••
Also written as: F••••••••; F•••••••• Holdco L.P. LLC
Principal held
at least $98.4M
sum of BDC pieces, a lower bound
Fair value
$94.9M
97c on cost, debt pieces
Unfunded
$13.5M
commitments not yet drawn
BDC lenders
4
4 on the latest quarter
Facilities
5
0 equity pieces beside them
Next maturity
Aug 1, 2031
no dated debt inside 24 months
On the tape since
Sep 30, 2025
latest Jun 30, 2026
Events
2
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated | at least $48.0M | 96c | S+530 bp | Aug 1, 2031 | 1 |
| unsecured or subordinated notes unsecured or subordinated | at least $25.3M | 98c | PIK 13.00% | Aug 9, 2032 | 2 |
| first lien term loan first lien | at least $24.2M | 100c | SOFR+525 bp | Aug 8, 2031 | 1 |
| first lien revolver first lien | at least $875,000 | 100c | SOFR+525 bp | Aug 8, 2031 | 1 |
| first lien delayed draw term loan first lien | unknown | n/a | SOFR+525 bp | Aug 8, 2031 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F• K•• C•••••• C••• | unstated lien unstated Software & Services 4 | $2.5M | $2.4M 96c | S+530 bp |
| F• K•• C•••••• C••• | unstated lien unstated Software & Services 3 | $11.1M | $10.5M 95c | S+530 bp |
| F• K•• C•••••• C••• | unstated lien unstated | n/a | n/a | |
| F• K•• C•••••• C••• | unstated lien unstated Software & Services 2 | $1.2M | $1.1M 92c | S+530 bp |
| F• K•• C•••••• C••• | unstated lien unstated Software & Services 1 | $33.2M | $31.5M 96c | S+530 bp |
| F• K•• C•••••• C••• | unstated lien unstated | n/a | n/a | |
| M•• I••••••••• C•••• | revolver first lien First Lien Debt Commitment Type Revolver Commitment Expiration Date 8/8/2031 | n/a | n/a | |
| M•• I••••••••• C•••• | delayed draw term loan first lien First Lien Debt Delayed Draw Term Loan Reference Rate and Spread S + 5.25% Interest Rate F | n/a | $-29,000 100c | SOFR+525 bp |
| M•• I••••••••• C•••• | delayed draw term loan first lien First Lien Debt Commitment Type Delayed Draw Commitment Expiration Date 8/8/2027 | n/a | n/a | |
| M•• I••••••••• C•••• | term loan first lien First Lien Debt Reference Rate and Spread S + 5.25% Interest Rate Floor 0.75% Interest Rat | $24.2M | $24.0M 100c | SOFR+525 bp |
| M•• I••••••••• C•••• | delayed draw term loan first lien First Lien Debt Commitment Type Delayed Draw Commitment Expiration Date 8/8/2027 | n/a | n/a | |
| M•• I••••••••• C•••• | revolver first lien First Lien Debt Commitment Type Revolver Commitment Expiration Date 8/8/2031 | n/a | n/a | |
| M•• I••••••••• C•••• | revolver first lien First Lien Debt Revolving Credit Facility Reference Rate and Spread S + 5.25% Interest Rat | $875,000 | $852,000 100c | SOFR+525 bp |
| S•••• P•••• C••••• C••• | notes unsecured or subordinated Unsecured Note, Due 8/9/2032 | $19.6M | $19.1M 98c | PIK 13.00% |
| S•••• P•••• C••••• I••••• F••• | notes unsecured or subordinated Unsecured Note | $5.6M | $5.5M 98c | PIK 13.00% |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 4 | $98.4M | $94.9M | 97c | 2 |
| Mar 31, 2026 | 4 | $96.7M | $93.6M | 98c | 2 |
| Dec 31, 2025 | 4 | $95.9M | $94.9M | 100c | 2 |
| Sep 30, 2025 | 4 | $151M | $149M | 100c | 0 |
What changed
- PIK interest appearsDec 31, 2025
- PIK interest appearsDec 31, 2025
- PIK interest appearsDec 31, 2025
- Maturity shortened (observed)Dec 31, 2025
- New borrower on a BDC scheduleSep 30, 2025
Sponsor
- A••••••• M••••••••• H••••••• L•
- the sponsor's own portfolio page lists a company of this nameestimatedaquiline.com"portfolio card on https://aquiline.com/portfolio/: fullsteam | Embedded FinTech | High Velocity Software | F•••••••• is a holding company focused on acquiring and growing saas businesses serving niche"
Identity
- Group key
- FULLSTEAMderivedthe codename stem after legal suffixes and deal words
- Spellings
- 3 across 4 BDCsderived
- Industry
- Financial Servicesreportedas one filer wrote it