DFX Intelligence
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Borrower
C•• G••••• I••
Business Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: Venuplus, Inc.
What matters now
- $32.1Mprincipal outstanding
$32.1M principal held by 2 lenders; matures Nov 2026.
Q2 2026 · Refinancing is due in 2 months at a 95¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
93¢ · 98¢ · 94¢ · 96¢ · 95¢Q2 2025 to Q2 2026
Where each lender marks it on the first lien term loan, 6 points apart
94¢100¢
Principal held
at least $32.1M
sum of BDC pieces, a lower bound
Fair value
$30.5M
95c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
3
2 equity pieces beside them
Next maturity
Nov 30, 2026
$32.1M inside 24 months
On the tape since
Mar 31, 2023
latest Jun 30, 2026
Events
17
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| C••••••••• C••••• P••••••• B•• I• I••• | $20.6M | 94¢ | +1 pts |
| F•••• I••••••••• C••• | $11.5M | 99¢ | -1 pts |
Every BDC piece · 6 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| C••••••••• C••••• P••••••• B•• I• I••• | term loan first lien F•••• L••• S••••• S•••••• T••• L•••, M•••• & E•••••••••, S••••• A•••• I•••• S••• + 6.75% ( | $19.4M | $18.1M 94c | SOFR+675 bp PIK 0.75% |
| F•••• I••••••••• C••• | term loan first lien F•••• L••• D••• V••••••• I•••• S••••• (S + 6.75%) V••••••• I•••• F•••• (1.00%) R••• C••• 1 | $8.7M | $8.7M 100c | SOFR+675 bp PIK 0.75% |
| F•••• I••••••••• C••• | subordinated debt unsecured or subordinated S••••••••• D••• R••• C••• 7.75%/6.50% R••• PIK Investment D••• 2/28/2023 M••••••• 11/30/20 | $2.7M | $2.5M 95c | PIK 6.50% |
| C••••••••• C••••• P••••••• B•• I• I••• | revolver first lien F•••• L••• S••••• S•••••• R•••••••• Credit L•••, M•••• & E•••••••••, S••••• A•••• I•••• S• | $1.1M | $1.1M 93c | SOFR+675 bp PIK 0.75% |
| F•••• I••••••••• C••• | term loan first lien F•••• L••• D••• V••••••• I•••• S••••• (S + 6.75%) V••••••• I•••• F•••• (1.00%) R••• C••• 1 | $124,000 | $124,000 101c | SOFR+675 bp PIK 0.75% |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F•••• I••••••••• C••• | equity equity C••••• Equity (400,000 units) Investment date 2/28/2023 | Not disclosed | Not disclosed n/a |
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 $28.3M | 96c | SOFR+675 bp PIK 0.75% | Nov 30, 2026 | 2 |
| unsecured or subordinated subordinated debt unsecured or subordinated | at least $2.7M | 95c | PIK 6.50% | Nov 30, 2027 | 1 |
| first lien revolver first lien | at least $1.1M | 93c | SOFR+675 bp PIK 0.75% | Nov 30, 2026 | 1 |
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 | $32.1M | $30.5M | 95c | 5 |
| Mar 31, 2026 | 2 | $32.0M | $30.3M | 95c | 5 |
| Dec 31, 2025 | 2 | $30.9M | $28.9M | 94c | 4 |
| Sep 30, 2025 | 2 | $30.6M | $29.9M | 98c | 5 |
All 14 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 2 | $31.1M | $28.8M | 93c | 5 |
| Mar 31, 2025 | 2 | $30.8M | $28.3M | 93c | 5 |
| Dec 31, 2024 | 2 | $70.9M | $66.4M | 95c | 12 |
| Sep 30, 2024 | 2 | $30.2M | $28.2M | 95c | 2 |
| Jun 30, 2024 | 1 | $10.0M | $9.8M | 100c | 2 |
| Mar 31, 2024 | 1 | $10.0M | $9.9M | 101c | 2 |
| Dec 31, 2023 | 2 | $17.9M | $17.9M | 102c | 1 |
| Sep 30, 2023 | 1 | $10.0M | $10.0M | 102c | 1 |
| Jun 30, 2023 | 1 | $10.0M | $9.8M | 100c | 1 |
| Mar 31, 2023 | 2 | $29.8M | $29.2M | 297c | 1 |
What changed
- Maturity approachingNov 30, 2027
- Maturity approachingNov 30, 2026
- Maturity approachingNov 30, 2026
- PIK interest increasedMar 31, 2026
- PIK interest increasedMar 31, 2026
Full timeline · 29 eventsShow fewer
- Spread changed (observed)Dec 31, 2025
- Marked down across lendersDec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Marked down (one lender)Dec 31, 2025
- Spread increasedDec 31, 2025
- Mark recoveredSep 30, 2025
- Spread changed (observed)Sep 30, 2025
- Mark recoveredSep 30, 2025
- Spread increasedSep 30, 2025
- Spread increasedSep 30, 2025
- Spread changed (observed)Dec 31, 2024
- PIK interest increasedDec 31, 2024
- PIK interest increasedDec 31, 2024
- PIK interest appearsDec 31, 2024
- Spread changed (observed)Dec 31, 2024
- PIK interest increasedDec 31, 2024
- PIK interest appearsDec 31, 2024
- PIK interest appearsDec 31, 2024
- PIK interest increasedDec 31, 2024
- Marked down across lendersSep 30, 2024
- Marked down (one lender)Sep 30, 2024
- PIK interest appearsMar 31, 2024
- PIK interest appearsMar 31, 2024
- New borrower on a BDC scheduleMar 31, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- C•• G••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 2 BDCsderived
- Industry
- Business Servicesreportedas one filer wrote it