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.
Borrower
VetCor Professional Practices LLC
group grade Aon a schedule nowsponsor unattributed
Also written as: 1; 2; 3; 4; Health Care Equipment & Services
Principal held
at least $164M
sum of BDC pieces, a lower bound
Fair value
$159M
100c on cost, debt pieces
Unfunded
$25.6M
commitments not yet drawn
BDC lenders
6
4 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Aug 1, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
4
dated, non-routine
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 $116M | 97c | S+600 bp | Aug 1, 2029 | 2 |
| other lien unstated | at least $48.0M | 107c | S+600 bp | Aug 31, 2029 | 4 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| FS KKR Capital Corp | term loan first lien Health Care Equipment & Services 4 | $13.4M | $12.8M 97c | S+530 bp |
| FS KKR Capital Corp | term loan first lien Health Care Equipment & Services 5 | $4.4M | $4.3M 98c | S+580 bp |
| FS KKR Capital Corp | unstated lien unstated | n/a | n/a | |
| FS KKR Capital Corp | term loan first lien Health Care Equipment & Services 2 | $2.4M | $2.3M 100c | S+580 bp |
| FS KKR Capital Corp | unstated lien unstated | n/a | n/a | |
| FS KKR Capital Corp | term loan first lien Health Care Equipment & Services 3 | $8.3M | $8.1M 98c | S+600 bp |
| FS KKR Capital Corp | term loan first lien Health Care Equipment & Services 1 | $66.9M | $65.0M 98c | S+580 bp |
| FS KKR Capital Corp | term loan first lien Health Care Equipment & Services 6 | $20.8M | $19.9M 96c | S+530 bp |
| KKR Enhanced US Direct Lending Fund-L Inc. | unstated lien unstated | $4.4M | $4.3M | S+575 bp |
| KKR FS Income Trust | unstated lien unstated Health Care Equipment & Services 4 | $297,000 | $288,000 97c | S+580 bp |
| KKR FS Income Trust | unstated lien unstated Health Care Equipment & Services 1 | $24.4M | $23.7M 97c | S+580 bp |
| KKR FS Income Trust | unstated lien unstated | n/a | n/a | |
| KKR FS Income Trust | unstated lien unstated Health Care Equipment & Services 2 | $160,000 | $155,000 97c | S+580 bp |
| KKR FS Income Trust | unstated lien unstated Health Care Equipment & Services 3 | $573,000 | $560,000 98c | S+600 bp |
| KKR FS Income Trust Select | unstated lien unstated | n/a | n/a | |
| KKR FS Income Trust Select | unstated lien unstated Health Care Equipment & Services 4 | $74,000 | $71,000 96c | S+580 bp |
| KKR FS Income Trust Select | unstated lien unstated Health Care Equipment & Services 3 | $440,000 | $430,000 98c | S+600 bp |
| KKR FS Income Trust Select | unstated lien unstated Health Care Equipment & Services 2 | $40,000 | $38,000 97c | S+580 bp |
| KKR FS Income Trust Select | unstated lien unstated Health Care Equipment & Services 1 | $17.7M | $17.2M 97c | S+580 bp |
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 | $164M | $159M | 100c | 0 |
| Mar 31, 2026 | 4 | $164M | $160M | 100c | 0 |
| Dec 31, 2025 | 4 | $165M | $165M | 103c | 0 |
| Sep 30, 2025 | 4 | $165M | $165M | 103c | 0 |
| Jun 30, 2025 | 4 | $166M | $166M | 103c | 0 |
| Mar 31, 2025 | 4 | $158M | $158M | 103c | 0 |
| Dec 31, 2024 | 4 | $251M | $251M | 102c | 0 |
| Sep 30, 2024 | 4 | $128M | $128M | 104c | 0 |
| Jun 30, 2024 | 4 | $93.9M | $93.9M | 106c | 0 |
| Mar 31, 2024 | 1 | $83.4M | $84.0M | 102c | 0 |
| Dec 31, 2023 | 1 | $175M | $175M | 101c | 0 |
| Sep 30, 2023 | 2 | $89.4M | $83.1M | 100c | 0 |
| Jun 30, 2023 | 1 | $75.0M | $74.9M | 101c | 0 |
| Mar 31, 2023 | 1 | $100M | $100M | 101c | 0 |
| Dec 31, 2022 | 1 | $200M | $197M | 99c | 0 |
| Sep 30, 2022 | 1 | $99.9M | $99.0M | 100c | 0 |
What changed
- Spread changed (observed)Dec 31, 2025
- Spread changed (observed)Sep 30, 2025
- Spread changed (observed)Jun 30, 2025
- New lender joined a facilityJun 30, 2024
- New lender joined a facilityJun 30, 2024
- New lender joined a facilitySep 30, 2023
- Lender left a facilitySep 30, 2023
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- VETCOR PROFESSIONAL PRACTICESderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 6 BDCsderived