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

Bridges Consumer Healthcare Intermediate LLC

Pharmaceuticalsgroup grade Aon a schedule nowsponsor Charlesbank Capital Partners, LLC carried
Principal held
at least $70.4M
sum of BDC pieces, a lower bound
Fair value
$46.6M
100c on cost, debt pieces
Unfunded
$23.3M
commitments not yet drawn
BDC lenders
5
5 on the latest quarter
Facilities
6
0 equity pieces beside them
Next maturity
Dec 22, 2031
no dated debt inside 24 months
On the tape since
Dec 31, 2023
latest Jun 30, 2026
Events
6
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $34.9M100cSOFR+525 bpDec 22, 20315
first lien delayed draw term loan first lienat least $31.4M99cSOFR+525 bpDec 22, 20315
first lien revolver first lienat least $4.1Mn/aSOFR+525 bpDec 22, 20313
other lien unstated
exited Mar 31, 2025
at least $25.2M99cS+525 bpDec 22, 20312
delayed draw term loan lien unstated
exited Sep 30, 2025
unknownn/aunstated5
revolver lien unstated
exited Sep 30, 2025
unknownn/aunstated3
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
Antares Private Credit Fundrevolver first lien
First Lien Revolver Reference Rate and Spread S + 5.25% Interest Rate 9.12% Maturity Date
$894,000$-4,000
133c
SOFR+525 bp
Antares Private Credit Fundrevolver first lien
Revolver Commitment Expiration Date 12/22/2031
n/a$-4,000
Antares Private Credit Funddelayed draw term loan first lien
Delayed Draw Term Loan Commitment Expiration Date 12/21/2026
n/a$-12,000
Antares Private Credit Fundterm loan first lien
First Lien Term Loan Reference Rate and Spread S + 5.25% Interest Rate 9.12% Maturity Date
$4.6M$4.6M
100c
SOFR+525 bp
Antares Private Credit Funddelayed draw term loan first lien
First Lien Delayed Draw Term Loan Reference Rate and Spread S + 5.25% Interest Rate 9.12%
$4.2M$1.7M
99c
SOFR+525 bp
Antares Strategic Credit Funddelayed draw term loan first lien
Delayed Draw Term Loan Commitment Expiration Date 12/21/2026
n/a$-32,000
Antares Strategic Credit Funddelayed draw term loan first lien
First Lien Delayed Draw Term Loan Reference Rate and Spread S + 5.25% Interest Rate 9.12%
$11.6M$5.2M
99c
SOFR+525 bp
Antares Strategic Credit Fundrevolver first lien
Revolver Commitment Expiration Date 12/22/2031
n/a$-13,000
Antares Strategic Credit Fundterm loan first lien
First Lien Term Loan Reference Rate and Spread S + 5.25% Interest Rate 9.12% Maturity Date
$13.9M$13.8M
100c
SOFR+525 bp
Antares Strategic Credit Fundrevolver first lien
First Lien Revolver Reference Rate and Spread S + 5.25% Interest Rate 9.12% Maturity Date
$2.7M$-13,000
100c
SOFR+525 bp
Antares Strategic Credit Fund II LLCdelayed draw term loan first lien
Delayed Draw Term Loan Commitment Expiration Date 12/21/2026
n/a$-1,000
Antares Strategic Credit Fund II LLCdelayed draw term loan first lien
First Lien Delayed Draw Term Loan Reference Rate and Spread S + 5.25% Interest Rate 9.12%
$1.4M$1.1M
100c
SOFR+525 bp
Antares Strategic Credit Fund II LLCrevolver first lien
First Lien Revolver Reference Rate and Spread S + 5.25% Interest Rate 9.12% Maturity Date
$551,000$-3,000
150c
SOFR+525 bp
Antares Strategic Credit Fund II LLCrevolver first lien
Revolver Commitment Expiration Date 12/22/2031
n/a$-3,000
Antares Strategic Credit Fund II LLCterm loan first lien
First Lien Term Loan Reference Rate and Spread S + 5.25% Interest Rate 9.12% Maturity Date
$2.9M$2.8M
100c
SOFR+525 bp
Nuveen Churchill Direct Lending Corp.delayed draw term loan first lien
First Lien Debt (Delayed Draw) 1
$4.8M$-41,000
205c
S+525 bp
Nuveen Churchill Direct Lending Corp.term loan first lien
First Lien Debt
$5.7M$5.7M
100c
S+525 bp
Nuveen Churchill Direct Lending Corp.delayed draw term loan first lien
Delayed Draw Loan
n/an/a
Nuveen Churchill Direct Lending Corp.delayed draw term loan first lien
First Lien Debt (Delayed Draw) 2
$2.7M$2.2M
99c
S+525 bp
Nuveen Churchill Private Capital Income Funddelayed draw term loan first lien
First Lien Debt (Delayed Draw) 1
$4.3M$-36,000
212c
S+525 bp
Nuveen Churchill Private Capital Income Funddelayed draw term loan first lien
Delayed Draw Loan
n/an/a
Nuveen Churchill Private Capital Income Funddelayed draw term loan first lien
First Lien Debt (Delayed Draw) 2
$2.4M$1.9M
99c
S+525 bp
Nuveen Churchill Private Capital Income Fundterm loan first lien
First Lien Debt
$7.7M$7.7M
100c
S+525 bp
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20265$70.4M$46.6M100c0
Mar 31, 20265$67.9M$43.9M99c0
Dec 31, 20255$68.0M$44.3M100c0
Sep 30, 20255$68.1M$44.4M100c0
Jun 30, 20254$63.4M$40.1M99c0
Mar 31, 20254$61.5M$40.5M100c0
Dec 31, 20244$63.6M$40.2M100c0
Sep 30, 20241$248,000$248,000101c0
Jun 30, 20241$249,000$249,000101c0
Mar 31, 20241$249,000$246,000100c0
Dec 31, 20232$0$0n/a0
What changed
Every change including routine ones
Identity
Group key
BRIDGES CONSUMER HEALTHCAREderivedthe codename stem after legal suffixes and deal words
Spellings
1 across 5 BDCsderived
Industry
Pharmaceuticalsreportedas one filer wrote it