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
S•••••• P•••••• E••••• 4•••••• S•••••••• A••••• A••••••••• C••• I•
group grade Aoff every schedule since Sep 30, 2025sponsor unattributed
Nothing material in the last 200 days. Last change: 30 Sep 2025, Non-accrual at 1 of 1 lender on the latest schedules.
Mark path, consensus per quarter end
97¢ · 91¢ · 85¢ · 80¢ · 52¢Q1 2024 to Q3 2025
Principal held
at least $7.6M
sum of BDC pieces, a lower bound
Fair value
$3.8M
52c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Nov 30, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2025
Events
6
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2025, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A••••• D••• S•••••••• B•• | $7.57M | 52¢ | -28 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••••• D••• S•••••••• B•• | term loan first lien Investment T••• F•••• L••• S•••••• D••• - T••• L••• I••••••• R••• S+615, C••• P••• PIK 1.0 | $7.6M | $3.8M 52c | SOFR+615 bp PIK 1.24% |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2025
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2025 | at least $7.6M | 52c | SOFR+615 bp PIK 1.24% | Nov 30, 2029 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2025 | 1 | $7.6M | $3.8M | 52c | 1 |
| Dec 31, 2024 | 1 | $7.1M | $5.7M | 80c | 1 |
| Sep 30, 2024 | 1 | $7.3M | $6.2M | 85c | 0 |
| Jun 30, 2024 | 1 | $7.3M | $6.7M | 91c | 0 |
All 10 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Mar 31, 2024 | 1 | $7.4M | $7.1M | 97c | 0 |
| Dec 31, 2023 | 1 | $7.4M | $7.2M | 98c | 0 |
| Sep 30, 2023 | 1 | $7.4M | $7.3M | 98c | 0 |
| Jun 30, 2023 | 1 | $7.4M | $7.4M | 99c | 0 |
| Mar 31, 2023 | 1 | $7.4M | $7.4M | n/a | 0 |
| Dec 31, 2022 | 1 | $7.5M | $7.4M | 98c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2025
- PIK interest appearsDec 31, 2024
- Marked down across lendersDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Marked down (one lender)Dec 31, 2024
Full timeline · 11 eventsShow fewer
- PIK interest appearsDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Marked down across lendersSep 30, 2024
- Marked down (one lender)Sep 30, 2024
- Marked down across lendersJun 30, 2024
- Marked down (one lender)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
- SPECIAL PURPOSE ENTITY 48FORTY SOLUTIONS ALPINEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived