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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
Borrower
I••••• A•••••••• L••
Also written as: 10; 2025; 2026; 21; 25; 27; LLC - Funded; LLC - Unfunded
Principal held
at least $86.8M
sum of BDC pieces, a lower bound
Fair value
$60.3M
100c on cost, debt pieces
Unfunded
$12.4M
commitments not yet drawn
BDC lenders
6
6 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Mar 22, 2027
$12.5M inside 24 months
On the tape since
Dec 31, 2024
latest Jun 30, 2026
Events
3
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 $68.9M | 100c | //www.pennantpark.com/20260630#Secured Overnight Financing Rate+450 bp | Mar 19, 2032 | 6 |
| first lien delayed draw term loan first lien | at least $14.6M | 95c | SOFR+450 bp | Mar 19, 2032 | 4 |
| first lien revolver first lien | at least $3.2M | 100c | Prime+350 bp | Mar 19, 2032 | 4 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N••••• C•••••••• D••••• L•••••• C•••• | term loan first lien First Lien Debt | $12.7M | $12.5M 100c | S+450 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien Delayed Draw Loan | n/a | n/a | |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien First Lien Debt (Delayed Draw) | $7.1M | $863,000 93c | S+450 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien First Lien Debt | $12.7M | $12.5M 100c | S+450 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan first lien Delayed Draw Loan | n/a | n/a | |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan first lien First Lien Debt (Delayed Draw) | $7.1M | $863,000 93c | S+450 bp |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien First Lien Secured Debt Acquisition 1/27/2026 Maturity 3/19/2032 Industry Healthcare Techn | $9.1M | $9.1M 100c | //www.pennantpark.com/20260630#Secured Overnight Financing Rate+450 bp |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien First Lien Secured Debt Term Loan Acquisition 3/21/2025 Maturity 3/22/2027 Industry Busine | $8.4M | $42,000 | 0.00% |
| P••••••••• F••••••• R••• C•••••• L••• | revolver first lien First Lien Secured Debt Revolver Acquisition 3/21/2025 Maturity 3/19/2032 Industry Busines | $1.2M | $1.2M 100c | SOFR+350 bp |
| P••••••••• F••••••• R••• C•••••• L••• | revolver first lien First Lien Secured Debt Revolver Acquisition 3/21/2025 Maturity 3/19/2032 Industry Busines | $778,000 | $0 | 0.00% |
| P••••••••• F••••••• R••• C•••••• L••• | term loan first lien First Lien Secured Debt Acquisition 3/21/2025 Maturity 3/19/2032 Industry Business Service | $8.6M | $8.6M 100c | SOFR+450 bp |
| P••••••••• I••••••••• C••• | term loan first lien First Lien Secured Debt Term Loan Acquisition 3/21/2025 Maturity 3/22/2027 Industry Busine | $4.1M | $20,000 | 0.00% |
| P••••••••• I••••••••• C••• | term loan first lien First Lien Secured Debt Acquisition 3/21/2025 Maturity 3/19/2032 Industry Business Service | $628,000 | $628,000 100c | SOFR+450 bp |
| P••••••••• I••••••••• C••• | revolver first lien First Lien Secured Debt Revolver Acquisition 3/21/2025 Maturity 3/19/2032 Industry Busines | $375,000 | $0 | 0.00% |
| P••••••••• I••••••••• C••• | revolver first lien First Lien Secured Debt Revolver Acquisition 3/21/2025 Maturity 3/19/2032 Industry Busines | $562,000 | $562,000 100c | SOFR+350 bp |
| P••••••••• I••••••••• C••• | term loan first lien First Lien Secured Debt Acquisition 12/10/25 Maturity 03/19/32 Industry Health Care Techno | $7.9M | $7.9M 100c | SOFR+450 bp |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien Term Loan | NCNA Debt Inv. | First Lien Senior Secured Loan | 3/19/2032 | $658,000 | $656,000 100c | SOFR+450 bp |
| S•••••••• P•••••• C••••• F••• L•• | delayed draw term loan first lien Delayed Draw Term Loan | NCNA Debt Inv. | First Lien Senior Secured Loan | 3/19/2032 | $50,000 | $49,000 100c | SOFR+450 bp |
| S•••••••• P•••••• C••••• F••• L•• | revolver first lien Revolving Credit Loan | NCNA Debt Inv. | First Lien Senior Secured Loan | 3/19/2032 | $45,000 | $44,000 100c | SOFR+350 bp |
| W••••••••• F••••••• I••• | term loan first lien First Lien Secured Term Loan | $4.1M | $4.1M 101c | SOFR+450 bp |
| W••••••••• F••••••• I••• | revolver first lien First Lien Secured Revolving Loan | $280,000 | $281,000 101c | Prime+350 bp |
| W••••••••• F••••••• I••• | delayed draw term loan first lien First Lien Secured Delayed Draw Loan | $313,000 | $322,000 104c | SOFR+450 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 | 6 | $86.8M | $60.3M | 100c | 0 |
| Mar 31, 2026 | 5 | $71.6M | $55.8M | 100c | 0 |
| Dec 31, 2025 | 5 | $85.7M | $54.2M | 101c | 0 |
| Sep 30, 2025 | 5 | $131M | $87.4M | 101c | 0 |
| Jun 30, 2025 | 5 | $86.0M | $53.8M | 100c | 0 |
| Mar 31, 2025 | 5 | $86.1M | $54.0M | 100c | 0 |
| Dec 31, 2024 | 2 | $0 | $0 | n/a | 0 |
What changed
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Spread changed (observed)Mar 31, 2026
- Maturity extended (observed)Dec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityMar 31, 2025
- New borrower on a BDC scheduleDec 31, 2024
Sponsor
- S••••••••• P•••••• E•••••
- the sponsor's own portfolio page lists a company of this nameestimatedsweetwaterpe.com"listed on https://sweetwaterpe.com/portfolio/: I••••• A••••••• (/portfolio/impact-advisors/)"
Identity
- Group key
- IMPACT ADVISORSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 6 BDCsderived
- Industry
- Business Servicesreportedas one filer wrote it