DFX Intelligence
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Borrower
A•••••• P••••• I••
group grade Aon a schedule nowsponsor unattributed
Also written as: Inc 2; Inc. 1
Principal held
at least $16.2M
sum of BDC pieces, a lower bound
Fair value
$17.4M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
2
3 equity pieces beside them
Next maturity
Nov 30, 2026
$9.9M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
5
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| term loan lien unstated | at least $16.2M | 100c | 11.75% | Dec 31, 2026 | 2 |
| other lien unstated exited Sep 30, 2025 | at least $9.9M | 100c | 11.75% | Dec 31, 2026 | 2 |
Equity pieces beside the debt: preferred equity ($217,000 fair value, 2 BDCs), warrants ($89,000 fair value, 2 BDCs), equity ($108,000 fair value, 2 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| T••••••••• P•••••• V•••••• C••••• I••• | term loan lien unstated G••••• Capital L••• 1 | $1.3M | $1.4M 102c | 11.75% |
| T••••••••• P•••••• V•••••• C••••• I••• | preferred equity equity P•••••••• S•••• 2 | W•••••• Investments | Not disclosed | $3,000 3c | |
| T••••••••• P•••••• V•••••• C••••• I••• | preferred equity equity P•••••••• S•••• 2 | Equity Investments | Not disclosed | $23,000 110c | |
| T••••••••• P•••••• V•••••• C••••• I••• | preferred equity equity P•••••••• S•••• 1 | W•••••• Investments | Not disclosed | $11,000 14c | |
| T••••••••• P•••••• V•••••• C••••• I••• | preferred equity equity P•••••••• S•••• 3 | W•••••• Investments | Not disclosed | $1,000 100c | |
| T••••••••• P•••••• V•••••• C••••• I••• | term loan lien unstated G••••• Capital L••• 2 | $5.0M | $5.3M 100c | 11.75% |
| T••••••••• P•••••• V•••••• C••••• I••• | preferred equity equity P•••••••• S•••• 1 | Equity Investments | Not disclosed | $65,000 39c | |
| T••••••••• V•••••• G••••• B•• C•••• | preferred equity equity P•••••••• S•••• 1 | Equity Investments | Not disclosed | $65,000 39c | |
| T••••••••• V•••••• G••••• B•• C•••• | term loan lien unstated G••••• Capital L••• 1 | $2.9M | $3.1M 102c | 11.75% |
| T••••••••• V•••••• G••••• B•• C•••• | preferred equity equity P•••••••• S•••• 1 | W•••••• Investments | Not disclosed | $21,000 15c | |
| T••••••••• V•••••• G••••• B•• C•••• | preferred equity equity P•••••••• S•••• 2 | Equity Investments | Not disclosed | $23,000 110c | |
| T••••••••• V•••••• G••••• B•• C•••• | preferred equity equity P•••••••• S•••• 2 | W•••••• Investments | Not disclosed | $4,000 2c | |
| T••••••••• V•••••• G••••• B•• C•••• | preferred equity equity P•••••••• S•••• 3 | W•••••• Investments | Not disclosed | $1,000 100c | |
| T••••••••• V•••••• G••••• B•• C•••• | term loan lien unstated G••••• Capital L••• 2 | $7.0M | $7.4M 100c | 11.75% |
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 | 2 | $16.2M | $17.2M | 100c | 0 |
| Mar 31, 2026 | 2 | $16.2M | $17.0M | 100c | 0 |
| Dec 31, 2025 | 2 | $32.4M | $33.6M | 100c | 0 |
| Sep 30, 2025 | 2 | $16.2M | $16.7M | 100c | 0 |
| Jun 30, 2025 | 2 | $16.2M | $16.5M | 100c | 0 |
| Mar 31, 2025 | 1 | $6.3M | $6.4M | 100c | 0 |
| Dec 31, 2024 | 2 | $38.8M | $38.9M | 100c | 0 |
| Sep 30, 2024 | 1 | $6.3M | $6.3M | 100c | 0 |
| Jun 30, 2024 | 1 | $6.3M | $6.3M | 100c | 0 |
| Mar 31, 2024 | 1 | $6.3M | $6.1M | 97c | 0 |
| Dec 31, 2023 | 1 | $12.6M | $12.6M | 98c | 0 |
| Dec 31, 2022 | 2 | $15.0M | $14.7M | 98c | 0 |
| Sep 30, 2022 | 1 | $0 | $0 | n/a | 0 |
| Dec 31, 2021 | 1 | $0 | $0 | n/a | 0 |
What changed
- Maturity approachingDec 31, 2026
- Maturity approachingDec 31, 2026
- Maturity approachingDec 31, 2026
- Facility left every BDC scheduleSep 30, 2025
- 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
- A•••••• P••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived