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
Mountain Parent, Inc
Healthcare, Education and Childcaregroup grade Aon a schedule nowsponsor Bullvc Fund Management LLC carried
Also written as: 2024; The Mountain Corporation
Principal held
at least $108M
sum of BDC pieces, a lower bound
Fair value
$103M
100c on cost, debt pieces
Unfunded
$10.4M
commitments not yet drawn
BDC lenders
6
4 on the latest quarter
Facilities
7
2 equity pieces beside them
Next maturity
Jun 27, 2031
no dated debt inside 24 months
On the tape since
Mar 31, 2022
latest Jun 30, 2026
Events
14
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 $95.4M | 100c | SOFR+475 bp | Jun 27, 2031 | 4 |
| other lien unstated | at least $6.9M | 100c | S+475 bp | Jun 27, 2031 | 4 |
| first lien delayed draw term loan first lien | at least $5.5M | 101c | SOFR+475 bp | Jun 27, 2031 | 2 |
| first lien revolver first lien | at least $0 | n/a | SOFR+475 bp | Jun 27, 2031 | 2 |
| revolver lien unstated | unknown | n/a | unstated | 4 | |
| term loan lien unstated exited Dec 31, 2023 | at least $3.2M | 0c | S+400 bp | unstated | 1 |
| delayed draw term loan lien unstated exited Mar 31, 2026 | unknown | n/a | unstated | 5 |
Equity pieces beside the debt: equity ($0 fair value, 1 BDC), preferred equity ($0 fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| AGL Private Credit Income Fund | term loan first lien First Lien Term Loan Reference Rate and Spread SOFR + 4.75% All In Rate 8.48% Acquisition | $53.2M | $53.2M 101c | SOFR+475 bp |
| AGL Private Credit Income Fund | revolver first lien First Lien Revolving Loan Reference Rate and Spread SOFR + 4.75% Acquisition Date 12/23/20 | $0 | $0 0c | SOFR+475 bp |
| AGL Private Credit Income Fund | delayed draw term loan first lien First Lien Delayed Draw Term Loan #2 Reference Rate and Spread SOFR + 4.75% All In Rate 8. | $5.5M | $5.5M 101c | SOFR+475 bp |
| AGL Private Credit Income Fund | revolver first lien Revolving Loan | n/a | n/a | |
| APS BDC, LLC | unstated lien unstated | $590,000 | $587,000 100c | S+475 bp |
| APS BDC, LLC | unstated lien unstated | $5.7M | $5.7M 100c | S+475 bp |
| APS BDC, LLC | unstated lien unstated | $631,000 | $-3,000 100c | S+475 bp |
| APS BDC, LLC | revolver lien unstated Revolver | n/a | n/a | |
| OHA Senior Private Lending Fund (U) LLC | term loan first lien First Lien Debt | $7.0M | $7.0M 100c | S+475 bp |
| OHA Senior Private Lending Fund (U) LLC | revolver lien unstated 2024 Revolver | n/a | n/a | |
| OHA Senior Private Lending Fund (U) LLC | term loan first lien First Lien Debt | $774,000 | $-4,000 133c | S+475 bp |
| OHA Senior Private Lending Fund (U) LLC | term loan first lien First Lien Debt | $724,000 | $721,000 100c | S+475 bp |
| T. Rowe Price OHA Select Private Credit Fund | revolver lien unstated 2024 Revolver | n/a | n/a | |
| T. Rowe Price OHA Select Private Credit Fund | term loan first lien First Lien Debt | $27.8M | $27.7M 100c | S+475 bp |
| T. Rowe Price OHA Select Private Credit Fund | term loan first lien First Lien Debt | $3.1M | $-15,000 136c | S+475 bp |
| T. Rowe Price OHA Select Private Credit Fund | term loan first lien First Lien Debt | $2.9M | $2.9M 100c | S+475 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 | $108M | $103M | 100c | 0 |
| Mar 31, 2026 | 5 | $107M | $93.6M | 100c | 0 |
| Dec 31, 2025 | 4 | $169M | $144M | 100c | 0 |
| Sep 30, 2025 | 4 | $108M | $97.0M | 100c | 0 |
| Jun 30, 2025 | 4 | $109M | $96.7M | 100c | 0 |
| Mar 31, 2025 | 2 | $62.6M | $61.8M | 100c | 0 |
| Dec 31, 2024 | 2 | $74.1M | $73.5M | 100c | 0 |
| Sep 30, 2024 | 1 | $5.7M | $5.6M | 100c | 0 |
| Dec 31, 2023 | 1 | $3.2M | $0 | 0c | 0 |
| Sep 30, 2023 | 1 | $3.2M | $0 | 0c | 0 |
| Jun 30, 2023 | 1 | $3.2M | $0 | 0c | 0 |
| Mar 31, 2023 | 1 | $6.4M | $0 | 0c | 0 |
| Dec 31, 2022 | 1 | $3.2M | $0 | 0c | 0 |
| Sep 30, 2022 | 1 | $13.2M | $0 | 0c | 0 |
| Mar 31, 2022 | 1 | $17.4M | $5.2M | 30c | 0 |
What changed
- Spread changed (observed)Jun 30, 2026
- Spread changed (observed)Jun 30, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Spread changed (observed)Mar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Spread changed (observed)Mar 31, 2026
- Facility left every BDC scheduleMar 31, 2026
- 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
- Spread changed (observed)Dec 31, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- New lender joined a facilityJun 30, 2025
- Spread changed (observed)Mar 31, 2025
- Spread changed (observed)Mar 31, 2025
- Spread increasedDec 31, 2024
- Spread changed (observed)Dec 31, 2024
- Spread changed (observed)Dec 31, 2024
- Lender left a facilityDec 31, 2024
- Facility left every BDC scheduleDec 31, 2023
- Lender left a facilityMar 31, 2023
- Marked down across lendersSep 30, 2022
- Marked down (one lender)Sep 30, 2022
Sponsor
- Bullvc Fund Management LLC
- the sponsor's own portfolio page lists a company of this nameestimatedbullvc.com"listed on https://www.bullvc.com/investments: Mountain (mountain.com)"
Identity
- Group key
- MOUNTAINderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 6 BDCsderived
- Industry
- Healthcare, Education and Childcarereportedas one filer wrote it