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
J••••••••• U••• I••
Professional Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: 11; 2; 2/11/2025; 2025; Equity; Equity and; Inc. and; Inc. F1
What matters now
- 96¢ → 96¢consensus mark
Consensus mark 96¢ on cost, up from 96¢ a year ago, 91¢ last quarter.
Q2 2026 · The lenders' own valuations moved back up.
Derived3 of 3 lenders' own marks, weighted by principal - 17 pts82¢ to 99¢
Lenders disagree by 17 points: H••••••• C••••••• I••• 82¢ to B•••••••• T•• C•••••• C•••• 99¢.
Q2 2026 · Holders value the same loan differently, so a position could trade between them.
Derivedeach lender's own fair value over costFor secondary buyers, special situations fundsLender marks → - $89.8Mprincipal outstanding
$89.8M principal held by 3 lenders; matures Oct 2028.
Q2 2026 · Refinancing is due in 24 months at a 96¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound - 95¢ → 82¢-13 pts, one lender
H••••••• C••••••• I••• marked it 95¢ → 82¢, the largest move among 3 lenders this quarter.
Q2 2026 · One holder repriced far more than the rest.
Mark path, consensus per quarter end
96¢ · 96¢ · 96¢ · 91¢ · 96¢Q2 2025 to Q2 2026
Where each lender marks it, 17 points apart
82¢99¢
Principal held
at least $89.8M
sum of BDC pieces, a lower bound
Fair value
$92.4M
96c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
4
3 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Oct 1, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
13
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 |
|---|---|---|---|
| B•••••••• T•• C•••••• C•••• | $67.5M | 99¢ | +8 pts |
| H••••••• C••••••• I••• | $15.6M | 82¢ | -13 pts |
| B•••••••• D••••• L•••••• C•••• | $6.75M | 99¢ | +8 pts |
Every BDC piece · 22 positions across 3 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• T•• C•••••• C•••• | term loan first lien F•••• L••• T••• L••• (5.0% E••• Fee) Ref S•••(M) F•••• 0.00% S••••• 3.50% C••• + 3.25% PIK | $32.3M | $28.8M 89c | SOFR+350 bp PIK 3.25% |
| H••••••• C••••••• I••• | term loan first lien S••••• S••••••, O•••••• 2028, 1-month S••• + 3.50%, F•••• rate 4.50%, PIK I••••••• 3.25%, | $14.5M | $12.3M 80c | S+350 bp PIK 3.25% |
| B•••••••• T•• C•••••• C•••• | delayed draw term loan first lien F•••• L••• D•••••• D••• T••• L••• (5.0% E••• Fee) Ref S•••(M) F•••• 1.00% S••••• 3.50% C•• | $10.8M | $9.6M 89c | SOFR+350 bp PIK 3.25% |
| B•••••••• T•• C•••••• C•••• | delayed draw term loan first lien F•••• L••• D•••••• D••• T••• L••• (5.0% E••• Fee) Ref S•••(M) F•••• 1.00% S••••• 3.50% C•• | $9.4M | $8.3M 89c | SOFR+350 bp PIK 3.25% |
| B•••••••• T•• C•••••• C•••• | term loan first lien F•••• L••• I••••••••• T••• L••• (5.0% E••• Fee) Ref S•••(M) F•••• 1.00% S••••• 3.50% C••• | $5.4M | $4.8M 89c | SOFR+350 bp PIK 3.25% |
View all 22 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• T•• C•••••• C•••• | delayed draw term loan first lien F•••• L••• D•••••• D••• T••• L••• Ref S•••(M) F•••• 1.00% S••••• 1.00% C••• + 9.00% PIK T• | $5.0M | $11.3M 227c | SOFR+100 bp PIK 9.00% |
| B•••••••• T•• C•••••• C•••• | delayed draw term loan first lien F•••• L••• D•••••• D••• T••• L••• (5.0% E••• Fee) Ref S•••(M) F•••• 1.00% S••••• 3.50% C•• | $4.7M | $4.2M 89c | SOFR+350 bp PIK 3.25% |
| B•••••••• D••••• L•••••• C•••• | term loan first lien I••••••••• F•••• L••• T••• L••• (5.0% E••• Fee) Ref S•••(M) F•••• 0.00% S••••• 3.50% C••• | $2.3M | $2.1M 89c | SOFR+350 bp PIK 3.25% |
| B•••••••• D••••• L•••••• C•••• | term loan first lien I••••••••• F•••• L••• T••• L••• (3.0% E••• Fee) Ref S•••(M) F•••• 1.00% S••••• 3.50% C••• | $1.6M | $1.4M 89c | SOFR+350 bp PIK 3.25% |
| H••••••• C••••••• I••• | term loan first lien S••••• S••••••, O•••••• 2028, 1-month S••• + 1.00%, F•••• rate 1.00%, PIK I••••••• 9.00% | $1.1M | $1.1M 100c | S+100 bp PIK 9.00% |
| B•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien I••••••••• F•••• L••• D•••••• D••• T••• L••• (5.0% E••• Fee) Ref S•••(M) F•••• 1.00% S•••• | $778,586 | $693,235 89c | SOFR+350 bp PIK 3.25% |
| B•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien I••••••••• F•••• L••• D•••••• D••• T••• L••• (5.0% E••• Fee) Ref S•••(M) F•••• 1.00% S•••• | $692,076 | $616,209 89c | SOFR+350 bp PIK 3.25% |
| B•••••••• D••••• L•••••• C•••• | term loan first lien I••••••••• F•••• L••• I••••••••• T••• L••• (5.0% E••• Fee) Ref S•••(M) F•••• 1.00% S••••• | $536,342 | $477,546 89c | SOFR+350 bp PIK 3.25% |
| B•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien I••••••••• F•••• L••• D•••••• D••• T••• L••• Ref S•••(M) F•••• 1.00% S••••• 1.00% C••• + 9 | $498,132 | $1.1M 227c | SOFR+100 bp PIK 9.00% |
| B•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien I••••••••• F•••• L••• D•••••• D••• T••• L••• (5.0% E••• Fee) Ref S•••(M) F•••• 1.00% S•••• | $346,038 | $308,104 89c | SOFR+350 bp PIK 3.25% |
| B•••••••• D••••• L•••••• C•••• | preferred equity equity I••••••••• F3 P•••••••• S•••• | Not disclosed | $2,650 | |
| B•••••••• D••••• L•••••• C•••• | preferred equity equity I••••••••• F1 P•••••••• S•••• | Not disclosed | $493,894 154c | |
| B•••••••• D••••• L•••••• C•••• | preferred equity equity P•••••••• S•••• A••••••••• D••• 2/11/2025 | Not disclosed | Not disclosed | |
| B•••••••• D••••• L•••••• C•••• | preferred equity equity P•••••••• S•••• A••••••••• D••• 2/11/2025 | Not disclosed | Not disclosed | |
| B•••••••• T•• C•••••• C•••• | preferred equity equity P•••••••• S•••• | Not disclosed | $26,477 | |
| B•••••••• T•• C•••••• C•••• | preferred equity equity P•••••••• S•••• | Not disclosed | $4.9M 154c | |
| H••••••• C••••••• I••• | preferred equity equity P•••••••• S••••• F | Not disclosed | $0 0c |
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 $57.7M | 87c | SOFR+350 bp PIK 9.00% | Oct 13, 2028 | 4 |
| first lien delayed draw term loan first lien | at least $32.1M | 113c | SOFR+350 bp PIK 9.00% | Oct 15, 2028 | 3 |
Equity pieces beside the debt: preferred equity ($5.5M 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 | 3 | $89.8M | $87.0M | 96c | 15 |
| Mar 31, 2026 | 3 | $82.4M | $76.0M | 91c | 12 |
| Dec 31, 2025 | 3 | $96.0M | $93.4M | 96c | 7 |
| Sep 30, 2025 | 3 | $20.1M | $19.6M | 96c | 7 |
All 15 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 3 | $19.7M | $19.2M | 96c | 7 |
| Mar 31, 2025 | 3 | $19.4M | $18.8M | 96c | 7 |
| Dec 31, 2024 | 3 | $98.4M | $96.5M | 98c | 0 |
| Sep 30, 2024 | 2 | $18.8M | $18.8M | 99c | 0 |
| Jun 30, 2024 | 3 | $80.2M | $78.5M | 99c | 0 |
| Mar 31, 2024 | 3 | $80.2M | $78.7M | 99c | 0 |
| Dec 31, 2023 | 4 | $108M | $107M | 99c | 0 |
| Sep 30, 2023 | 4 | $80.2M | $79.3M | 100c | 0 |
| Jun 30, 2023 | 4 | $80.2M | $78.9M | 107c | 0 |
| Mar 31, 2023 | 4 | $80.2M | $78.8M | 107c | 0 |
| Dec 31, 2022 | 4 | $111M | $108M | 99c | 0 |
What changed
- PIK interest increasedJun 30, 2026
- PIK interest increasedJun 30, 2026
- Mark recoveredJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- PIK interest increasedJun 30, 2026
Full timeline · 30 eventsShow fewer
- PIK interest increasedJun 30, 2026
- PIK interest increasedJun 30, 2026
- Marked down across lendersMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- PIK interest appearsMar 31, 2026
- PIK interest appearsMar 31, 2026
- Spread changed (observed)Dec 31, 2025
- Spread increasedDec 31, 2025
- Maturity extended (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Maturity extended (observed)Sep 30, 2025
- Spread changed (observed)Mar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- PIK interest appearsMar 31, 2025
- PIK interest appearsMar 31, 2025
- PIK interest appearsMar 31, 2025
- PIK interest appearsMar 31, 2025
- PIK interest appearsMar 31, 2025
- Maturity extended (observed)Mar 31, 2025
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- JOBANDTALENTderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 4 BDCsderived
- Industry
- Professional Servicesreportedas one filer wrote it