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
T•••••••• O••••••••• H•••••••• I••
group grade Aon a schedule nowsponsor unattributed
Principal held
at least $715M
sum of BDC pieces, a lower bound
Fair value
$642M
98c on cost, debt pieces
Unfunded
$176M
commitments not yet drawn
BDC lenders
12
12 on the latest quarter
Facilities
6
2 equity pieces beside them
Next maturity
Feb 1, 2032
no dated debt inside 24 months
On the tape since
Mar 31, 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 $379M | 98c | S+600 bp PIK 3.25% | Feb 11, 2032 | 4 |
| first lien term loan first lien | at least $335M | 98c | S+600 bp PIK 3.25% | Feb 1, 2032 | 8 |
| first lien delayed draw term loan first lien | unknown | n/a | unstated | 5 | |
| delayed draw term loan lien unstated | unknown | n/a | unstated | 2 | |
| revolver lien unstated | unknown | n/a | unstated | 2 | |
| first lien revolver first lien | unknown | n/a | unstated | 5 |
Equity pieces beside the debt: equity ($195,000 fair value, 5 BDCs), preferred equity ($440,000 fair value, 5 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | unstated lien unstated Non-Affiliated Issuer | $140M | $137M 99c | S+600 bp PIK 3.25% |
| B••••••••• P•••••• C••••• F••• | revolver lien unstated Revolver | n/a | n/a | |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated Delayed Draw Term Loan | n/a | n/a | |
| B••••••••• S•••••• L•••••• F••• | revolver lien unstated Revolver | n/a | n/a | |
| B••••••••• S•••••• L•••••• F••• | delayed draw term loan lien unstated Delayed Draw Term Loan | n/a | n/a | |
| B••••••••• S•••••• L•••••• F••• | unstated lien unstated Non-Affiliated Issuer | $24.3M | $23.8M 99c | S+600 bp PIK 3.25% |
| B••• O•• C••••• I••••• C•••• | term loan first lien First lien senior secured loan | Non-Affiliated Issuer | $53.2M | $51.9M 98c | S+275 bp PIK 3.25% |
| B••• O•• C••••• I••••• C•••• | delayed draw term loan first lien First lien senior secured delayed draw term loan | Non-controlled/non-affiliated | n/a | n/a | |
| B••• O•• C••••• I••••• C•••• | revolver first lien First lien senior secured revolving loan | Non-controlled/non-affiliated | n/a | n/a | |
| B••• O•• T••••••••• F•••••• C•••• | term loan first lien First lien senior secured loan | Non-Affiliated Issuer | $119M | $116M 98c | S+275 bp PIK 3.25% |
| B••• O•• T••••••••• F•••••• C•••• | delayed draw term loan first lien First lien senior secured delayed draw term loan | Non-Affiliated Issuer | n/a | $-450,000 | |
| B••• O•• T••••••••• F•••••• C•••• | revolver first lien First lien senior secured revolving loan | Non-Affiliated Issuer | n/a | $-351,000 | |
| B••• O•• T••••••••• I••••• C•••• | term loan first lien First lien senior secured loan | $63.5M | $61.9M 98c | S+275 bp PIK 3.25% |
| B••• O•• T••••••••• I••••• C•••• | revolver first lien First lien senior secured revolving loan | n/a | $-187,000 | |
| B••• O•• T••••••••• I••••• C•••• | delayed draw term loan first lien First lien senior secured delayed draw term loan | n/a | $-240,000 | |
| G•••• C•••••• B•• 4• I••• | term loan first lien One stop 3 | $0 | $-81,000 623c | |
| G•••• C•••••• B•• 4• I••• | equity equity LP interest | n/a | $39,000 98c | |
| G•••• C•••••• B•• 4• I••• | term loan first lien One stop 2 | $17.3M | $16.8M 98c | S+600 bp PIK 3.25% |
| G•••• C•••••• B•• 4• I••• | term loan first lien One stop 1 | $0 | $-51,000 638c | |
| G•••• C•••••• B••• I••• | term loan first lien One stop 1 | Non-Affiliated Issuer | $0 | $-23,000 575c | |
| G•••• C•••••• B••• I••• | equity equity LP interest | Non-Affiliated Issuer | n/a | $39,000 98c | |
| G•••• C•••••• B••• I••• | term loan first lien One stop 2 | Non-Affiliated Issuer | $8.0M | $7.8M 98c | S+600 bp PIK 3.25% |
| G•••• C•••••• B••• I••• | term loan first lien One stop 3 | Non-Affiliated Issuer | $0 | $-38,000 633c | |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 1 | $0 | $-16,000 533c | |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 2 | $5.6M | $5.5M 98c | S+600 bp PIK 3.25% |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 3 | $0 | $-26,000 650c | |
| G•••• C•••••• D••••• L•••••• C••• | equity equity LP interest | n/a | $39,000 98c | |
| G•••• C•••••• D••••• L•••••• U•••••••• C••• | equity equity LP interest | n/a | $39,000 98c | |
| G•••• C•••••• D••••• L•••••• U•••••••• C••• | term loan first lien One stop 1 | $0 | $-9,000 900c | |
| G•••• C•••••• D••••• L•••••• U•••••••• C••• | term loan first lien One stop 2 | $3.0M | $2.9M 98c | S+600 bp PIK 3.25% |
| G•••• C•••••• D••••• L•••••• U•••••••• C••• | term loan first lien One stop 3 | $0 | $-14,000 700c | |
| G•••• C•••••• P•••••• C••••• F••• | equity equity LP interest | n/a | $39,000 98c | |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien One stop 1 | $65.5M | $63.9M 98c | S+600 bp PIK 3.25% |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien One stop 2 | $0 | $-192,000 619c | |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien One stop 3 | $0 | $-308,000 616c | |
| H•• C•••••••• C•••••• S•••••••• F••• | unstated lien unstated Non-Affiliated Issuer | $2.7M | $-81,000 368c | |
| H•• C•••••••• C•••••• S•••••••• F••• | unstated lien unstated Non-Affiliated Issuer | $3.7M | $-112,000 329c | |
| H•• C•••••••• C•••••• S•••••••• F••• | unstated lien unstated Non-Affiliated Issuer | $19.8M | $19.3M 98c | S+600 bp PIK 3.25% |
| H•• C•••••••• C•••••• S•••••••• F••• | unstated lien unstated | n/a | n/a | |
| H•• C•••••••• C•••••• S•••••••• F••• | unstated lien unstated | n/a | n/a | |
| H•• C•••••••• L•••••• F••• | unstated lien unstated Non-Affiliated Issuer | $26.9M | $-802,000 331c | |
| H•• C•••••••• L•••••• F••• | unstated lien unstated Non-Affiliated Issuer | $142M | $138M 98c | S+600 bp PIK 3.25% |
| H•• C•••••••• L•••••• F••• | revolver first lien 1st Lien Senior S•••••• Revolving Loan | n/a | n/a | |
| H•• C•••••••• L•••••• F••• | delayed draw term loan first lien 1st Lien Senior S•••••• Delayed Draw Loan | n/a | n/a | |
| H•• C•••••••• L•••••• F••• | unstated lien unstated Non-Affiliated Issuer | $19.4M | $-580,000 372c |
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 | 12 | $715M | $641M | 98c | 12 |
| Mar 31, 2026 | 12 | $522M | $500M | 98c | 11 |
| Dec 31, 2025 | 12 | $701M | $645M | 100c | 11 |
| Sep 30, 2025 | 12 | $789M | $732M | 100c | 17 |
| Jun 30, 2025 | 12 | $685M | $626M | 100c | 12 |
| Mar 31, 2025 | 12 | $678M | $618M | 100c | 12 |
What changed
- PIK interest appearsMar 31, 2026
- Spread increasedMar 31, 2026
- Spread increasedMar 31, 2026
- Spread increasedMar 31, 2026
- New lender joined a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Spread changed (observed)Sep 30, 2025
- New borrower on a BDC scheduleMar 31, 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
- TRICENTIS OPERATIONSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 12 BDCsderived