DFX Intelligence
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Borrower
R••• S••• M••••••••• L••
group grade Aon a schedule nowsponsor unattributed
Also written as: Triumvirate Environmental
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 100¢ · 100¢Q2 2025 to Q2 2026
Where each lender marks it, 0 points apart
100¢100¢
Principal held
at least $27.4M
sum of BDC pieces, a lower bound
Fair value
$23.4M
100c on cost, debt pieces
Unfunded
$3.9M
commitments not yet drawn
BDC lenders
5
2 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Dec 15, 2031
no dated debt inside 24 months
On the tape since
Sep 30, 2024
latest Jun 30, 2026
Events
3
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 |
|---|---|---|---|
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | $22.8M | 100¢ | 0 pts |
| O•• S••••• P•••••• L•••••• F••• •• L•• | $4.57M | 100¢ | 0 pts |
Every BDC piece · 10 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan first lien F•••• L••• D••• | $15.8M | $15.8M 100c | S+525 bp PIK 2.88% |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan first lien F•••• L••• D••• | $4.9M | $3.5M 100c | S+475 bp |
| O•• S••••• P•••••• L•••••• F••• •• L•• | term loan first lien F•••• L••• D••• | $3.2M | $3.2M 100c | S+525 bp PIK 2.88% |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan first lien F•••• L••• D••• | $2.1M | $254,000 104c | S+475 bp |
| O•• S••••• P•••••• L•••••• F••• •• L•• | term loan first lien F•••• L••• D••• | $989,000 | $705,000 100c | S+475 bp |
View all 10 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| O•• S••••• P•••••• L•••••• F••• •• L•• | term loan first lien F•••• L••• D••• | $420,000 | $51,000 104c | S+475 bp |
| O•• S••••• P•••••• L•••••• F••• •• L•• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed | |
| O•• S••••• P•••••• L•••••• F••• •• L•• | revolver lien unstated R••••••• | Not disclosed | Not disclosed | |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | revolver lien unstated R••••••• | Not disclosed | Not disclosed | |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | Not disclosed | Not disclosed |
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 $27.4M | 100c | S+525 bp PIK 2.88% | Dec 15, 2031 | 5 |
| revolver lien unstated | unknown | n/a | unstated | 2 | |
| delayed draw term loan lien unstated | unknown | n/a | unstated | 2 | |
| other lien unstated exited Mar 31, 2026 | at least $27.3M | 100c | S+525 bp PIK 2.88% | Dec 15, 2031 | 2 |
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 | $27.4M | $23.4M | 100c | 2 |
| Mar 31, 2026 | 2 | $27.3M | $23.3M | 100c | 2 |
| Dec 31, 2025 | 2 | $54.3M | $40.1M | 100c | 2 |
| Sep 30, 2025 | 2 | $27.0M | $19.3M | 100c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 2 | $27.0M | $18.8M | 100c | 0 |
| Mar 31, 2025 | 4 | $67.2M | $46.5M | 100c | 0 |
| Dec 31, 2024 | 5 | $278M | $192M | 100c | 0 |
| Sep 30, 2024 | 3 | $219M | $0 | n/a | 0 |
What changed
- Facility left every BDC scheduleMar 31, 2026
- PIK interest appearsMar 31, 2026
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Spread increasedDec 31, 2025
Full timeline · 15 eventsShow fewer
- Spread increasedDec 31, 2025
- PIK interest appearsDec 31, 2025
- Lender left a facilityMar 31, 2025
- Lender left a facilityMar 31, 2025
- Maturity extended (observed)Dec 31, 2024
- Lender left a facilityDec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- Maturity extended (observed)Dec 31, 2024
- New borrower on a BDC scheduleSep 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
- R••• S••• M••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 5 BDCsderived