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
V•• B••••• I••
Transportation Infrastructuregroup grade Aon a schedule nowsponsor unattributed
Also written as: Inc. - Unfunded; Inc. Asset Type; Inc. Asset Type Common; LiquidTech
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 101¢ · 100¢ · 99¢Q2 2025 to Q2 2026
Where each lender marks it, 1 points apart
99¢100¢
Principal held
at least $129M
sum of BDC pieces, a lower bound
Fair value
$133M
99c on cost, debt pieces
Unfunded
$5.0M
commitments not yet drawn
BDC lenders
16
8 on the latest quarter
Facilities
6
1 equity pieces beside them
Next maturity
Oct 1, 2032
no dated debt inside 24 months
On the tape since
Dec 31, 2024
latest Jun 30, 2026
Events
7
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 |
|---|---|---|---|
| G•••••• S•••• P•••••• C••••• C•••• | $54.5M | 100¢ | 0 pts |
| A••• C•••••• C••• | $51.7M | 99¢ | -1 pts |
| G•••• C•••••• P•••••• C••••• F••• | $12.1M | 99¢ | -1 pts |
| B••••••••• P•••••• C••••• F••• | $9.76M | 100¢ | -1 pts |
| A•••••• S•••••••• C••••• F••• | $346K | 100¢ | 0 pts |
View all 8 lendersShow fewerlargest exposure first
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| S••••• C•••• C•••••• C••• | $257K | 100¢ | 0 pts |
| A•••••• P•••••• C••••• F••• | $116K | 100¢ | 0 pts |
| F••••••• P•••••• L•••••• F••• | $8.38K | 99¢ | -1 pts |
Every BDC piece · 23 positions across 8 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $51.7M | $51.1M 99c | S+350 bp |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• Oil, Gas & C••••••••• F•••• I••••••• R••• 7.23% R••• | $50.8M | $50.3M 100c | SOFR+350 bp |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien S••••• secured 1 | $12.1M | $12.0M 99c | S+350 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated | $9.0M | $8.9M 100c | S+350 bp |
| G•••••• S•••• P•••••• C••••• C•••• | term loan first lien 1st L•••/S••••• S•••••• D••• I••••••• Oil, Gas & C••••••••• F•••• R•••••••• R••• and S•••• | $3.7M | $-34,000 283c | SOFR+350 bp |
View all 23 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated | $787,000 | $781,000 100c | S+350 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 3.50% I••••••• R••• 7.25% M• | $323,000 | $322,000 100c | SOFR+350 bp |
| S••••• C•••• C•••••• C••• | term loan first lien F•••• L••• - T••• L••• | $240,000 | $238,000 100c | S+350 bp |
| A•••••• P•••••• C••••• F••• | term loan first lien Asset T••• F•••• L••• T••• L••• R•••••••• R••• and S••••• S + 3.50% I••••••• R••• 7.25% M• | $108,000 | $107,000 100c | SOFR+350 bp |
| A•••••• S•••••••• C••••• F••• | delayed draw term loan first lien Asset T••• F•••• L••• D•••••• D••• T••• L••• R•••••••• R••• and S••••• S + 3.50% I••••••• | $23,000 | $0 | SOFR+350 bp |
| S••••• C•••• C•••••• C••• | delayed draw term loan first lien F•••• L••• - D•••••• D••• T••• L••• | $17,000 | Not disclosed | S+350 bp |
| F••••••• P•••••• L•••••• F••• | term loan first lien Investment F•••• L••• - T••• L••• R•••••••• R••• and S••••• S•••+350 I••••••• R••• 7.2% M• | $8,377 | $8.3M 99c | SOFR+350 bp |
| A•••••• P•••••• C••••• F••• | delayed draw term loan first lien Asset T••• F•••• L••• D•••••• D••• T••• L••• R•••••••• R••• and S••••• S + 3.50% I••••••• | $8,000 | $0 | SOFR+350 bp |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien S••••• secured 2 | $0 | $-6,000 -300c | S+350 bp |
| A•••••• P•••••• C••••• F••• | delayed draw term loan first lien C••••••••• T••• D•••••• D••• T••• L••• C••••••••• E••••••••• D••• 10/10/2027 | Not disclosed | $0 | |
| A•••••• S•••••••• C••••• F••• | delayed draw term loan first lien C••••••••• T••• D•••••• D••• T••• L••• C••••••••• E••••••••• D••• 10/10/2027 | Not disclosed | $0 | |
| A•••••• S•••••••• C••••• F••• | equity equity Investment C••••• | Not disclosed | Not disclosed | |
| A•••••• S•••••••• C••••• F••• | equity equity Asset T••• C••••• | Not disclosed | $1.2M 131c | |
| A••• C•••••• C••• | unstated lien unstated | Not disclosed | Not disclosed | |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | S+350 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | S+350 bp |
| F••••••• P•••••• L•••••• F••• | unstated lien unstated | Not disclosed | Not disclosed | |
| F••••••• P•••••• L•••••• F••• | delayed draw term loan first lien Investment F•••• L••• - D•••••• D••• T••• L••• R•••••••• R••• and S••••• S•••+350 I••••••• | Not disclosed | $-6,000 -600c | SOFR+350 bp |
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 $119M | 99c | SOFR+350 bp | Oct 12, 2032 | 14 |
| delayed draw term loan lien unstated | at least $9.8M | 100c | S+350 bp | Oct 12, 2032 | 4 |
| first lien delayed draw term loan first lien | at least $48,000 | n/a | SOFR+350 bp | Oct 12, 2032 | 4 |
| other lien unstated | unknown | n/a | unstated | 4 | |
| first lien revolver first lien exited Sep 30, 2025 | at least $5.3M | n/a | SOFR+475 bp | Jul 19, 2032 | 4 |
All 6 facilitiesShow fewerheld first, largest first
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| revolver lien unstated exited Sep 30, 2025 | unknown | n/a | unstated | 2 |
Equity pieces beside the debt: equity ($1.2M fair value, 1 BDC)
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 | 8 | $129M | $132M | 99c | 0 |
| Mar 31, 2026 | 8 | $145M | $139M | 100c | 0 |
| Dec 31, 2025 | 8 | $353M | $329M | 101c | 0 |
| Sep 30, 2025 | 9 | $442M | $427M | 100c | 0 |
All 7 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 2 | $23.2M | $16.9M | 100c | 0 |
| Mar 31, 2025 | 2 | $35.6M | $16.8M | 100c | 0 |
| Dec 31, 2024 | 2 | $42.1M | $23.3M | 100c | 0 |
What changed
- Marked down (one lender)Jun 30, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- Spread changed (observed)Dec 31, 2025
Full timeline · 30 eventsShow fewer
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Spread changed (observed)Dec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- New lender joined a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Maturity extended (observed)Sep 30, 2025
- Lender left a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- Lender left a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- Facility left every BDC scheduleSep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- New lender joined a facilitySep 30, 2025
- New lender joined a facilitySep 30, 2025
- Lender left a facilitySep 30, 2025
- Lender left a facilitySep 30, 2025
- New lender joined a facilitySep 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
- V•• B••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 16 BDCsderived
- Industry
- Transportation Infrastructurereportedas one filer wrote it