DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
W••••• E••••• F•••••••• C•••••• L••
Wholesalegroup grade Aon a schedule nowsponsor unattributed
Also written as: 0% W••••• E••••• F••••••••; 2025; 29; Affiliated Issuer; LLC - Funded Junior; LLC - Junior; LLC - Litigation DIP; LLC - Litigation DIP Acquisition 8
What matters now
- 15¢ → 104¢consensus mark
Consensus mark 104¢ on cost, up from 15¢ a year ago, 103¢ last quarter.
Q2 2026 · The lenders' own valuations moved back up.
Derived2 of 5 lenders' own marks, weighted by principal
Mark path, consensus per quarter end
15¢ · 27¢ · 103¢ · 103¢ · 104¢Q2 2025 to Q2 2026
Where each lender marks it, 0 points apart
104¢104¢
Principal held
at least $1.3M
sum of BDC pieces, a lower bound
Fair value
$1.3M
104c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
8
5 on the latest quarter
Facilities
4
1 equity pieces beside them
Next maturity
Mar 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
31
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| P••••••••• F••••••• R••• C•••••• L••• | $700K | 104¢ | 0 pts |
| P••••••••• I••••••••• C••• | $583K | 104¢ | 0 pts |
| B••• O•• C•••••• C••• | no principal filed | no cost filed | new this quarter |
| B••• O•• C•••••• C••• I• | no principal filed | no cost filed | new this quarter |
| B••• O•• T••••••••• F•••••• C•••• | no principal filed | no cost filed | new this quarter |
Every BDC piece · 6 positions across 5 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| P••••••••• I••••••••• C••• | term loan first lien F•••• L••• S•••••• D••• A••••••••• 03/01/2023 M••••••• 03/01/2029 I••••••• H••• and Office | $583,000 | $607,000 104c | 10.00% |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien F•••• L••• S•••••• D••• A••••••••• 8/29/2025 M••••••• 3/1/2029 I••••••• W•••••••• | $438,000 | $455,000 104c | 10.00% |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien F•••• L••• S•••••• D••• A••••••••• 8/29/2025 M••••••• 3/1/2029 I••••••• W•••••••• | $262,000 | $273,000 104c | 10.00% |
| B••• O•• C•••••• C••• | unstated lien unstated | Not disclosed | $0 | |
| B••• O•• C•••••• C••• I• | unstated lien unstated | Not disclosed | $0 |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••• O•• T••••••••• F•••••• C•••• | unstated lien unstated N••••••••• I••••• | Not disclosed | $0 |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $1.3M | 104c | 10.00% | Mar 1, 2029 | 7 |
| other lien unstated | unknown | n/a | unstated | 6 | |
| first lien delayed draw term loan first lien exited Mar 31, 2026 | at least $11.4M | 16c | S+675 bp | unstated | 5 |
| first lien revolver first lien exited Mar 31, 2026 | at least $631,000 | 3c | S+675 bp | unstated | 7 |
Equity pieces beside the debt: equity (Not disclosed fair value, 3 BDCs)
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 | 5 | $1.3M | $1.3M | 104c | 0 |
| Mar 31, 2026 | 6 | $34.6M | $23.7M | 73c | 0 |
| Dec 31, 2025 | 6 | $129M | $24.3M | 27c | 9 |
| Sep 30, 2025 | 6 | $125M | $22.5M | 25c | 8 |
All 17 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 6 | $186M | $15.9M | 13c | 8 |
| Mar 31, 2025 | 6 | $180M | $23.0M | 18c | 4 |
| Dec 31, 2024 | 6 | $180M | $37.7M | 25c | 8 |
| Sep 30, 2024 | 7 | $164M | $55.5M | 36c | 13 |
| Jun 30, 2024 | 7 | $113M | $69.4M | 69c | 14 |
| Mar 31, 2024 | 7 | $108M | $89.7M | 94c | 13 |
| Dec 31, 2023 | 7 | $99.7M | $88.1M | 96c | 15 |
| Sep 30, 2023 | 6 | $60.3M | $57.2M | 103c | 12 |
| Jun 30, 2023 | 8 | $50.9M | $82.5M | 103c | 15 |
| Mar 31, 2023 | 8 | $48.8M | $78.4M | 100c | 12 |
| Dec 31, 2022 | 6 | $174M | $88.6M | 53c | 5 |
| Sep 30, 2022 | 4 | $149M | $101M | 70c | 2 |
| Dec 31, 2021 | 1 | $84.3M | $80.0M | 95c | 1 |
What changed
- Mark recoveredMar 31, 2026
- Lender left a facilityMar 31, 2026
- Mark recoveredMar 31, 2026
- Facility left every BDC scheduleMar 31, 2026
- Lender left a facilityMar 31, 2026
Full timeline · 30 eventsShow fewer
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Facility left every BDC scheduleMar 31, 2026
- Lender left a facilityMar 31, 2026
- Mark recoveredDec 31, 2025
- PIK interest appearsDec 31, 2025
- Marked down across lendersDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- PIK interest appearsDec 31, 2025
- PIK interest appearsDec 31, 2025
- PIK interest appearsDec 31, 2025
- PIK interest appearsDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Maturity shortened (observed)Dec 31, 2025
- Mark recoveredSep 30, 2025
- PIK interest increasedSep 30, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- W••••• E••••• F••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 8 BDCsderived
- Industry
- Wholesalereportedas one filer wrote it