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

V••••••• I••••••••• H••••••• C•••••••••

group grade Aon a schedule nowsponsor unattributed

Also written as: Services; Software; V••••••• Parent Holdings Corp

Principal held

at least $369M

sum of BDC pieces, a lower bound

Fair value

$345M

97c on cost, debt pieces

Unfunded

$48.2M

commitments not yet drawn

BDC lenders

9 on the latest quarter

Facilities

0 equity pieces beside them

Next maturity

Aug 1, 2031

no dated debt inside 24 months

On the tape since

Sep 30, 2024

latest Jun 30, 2026

Events

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 $229M	97c	S+600 bp PIK 3.25%	Aug 23, 2031	7
other lien unstated	at least $128M	99c	S+600 bp PIK 3.25%	Aug 23, 2031	3
first lien revolver first lien	at least $5.8M	n/a	5.50%	Aug 22, 2031	2
first lien delayed draw term loan first lien	at least $5.5M	n/a	S+600 bp PIK 3.25%	Aug 22, 2031	2
revolver lien unstated	unknown	n/a		unstated	2
delayed draw term loan lien unstated	unknown	n/a		unstated	2

Lenders

every BDC piece at the latest quarter end

BDC	Instrument	Principal	Fair value	Rate
B••••••••• P•••••• C••••• F•••	revolver lien unstated Revolver	n/a	n/a
B••••••••• P•••••• C••••• F•••	delayed draw term loan lien unstated Delayed Draw Term Loan 1	n/a	n/a
B••••••••• P•••••• C••••• F•••	unstated lien unstated Non-Affiliated Issuer	$110M	$107M 99c	S+600 bp PIK 3.25%
B••••••••• P•••••• C••••• F•••	delayed draw term loan lien unstated Delayed Draw Term Loan 2	n/a	n/a
B••••••••• S•••••• L•••••• F•••	delayed draw term loan lien unstated Delayed Draw Term Loan 1	n/a	n/a
B••••••••• S•••••• L•••••• F•••	unstated lien unstated Non-Affiliated Issuer	$5.2M	$5.1M 99c	S+600 bp
B••••••••• S•••••• L•••••• F•••	delayed draw term loan lien unstated Delayed Draw Term Loan 2	n/a	n/a
B••••••••• S•••••• L•••••• F•••	revolver lien unstated Revolver	n/a	n/a
B••••••••• S•••••• L•••••• F•••	unstated lien unstated Non-Affiliated Issuer	$13.4M	$13.1M 99c	S+600 bp PIK 3.25%
F••••••• B•• C•••••• C•••	term loan first lien	$0	$-35,000 250c	S+600 bp PIK 3.25%
F••••••• B•• C•••••• C•••	term loan first lien	$6.5M	$6.3M 99c	S+600 bp PIK 3.25%
F••••••• B•• C•••••• C•••	term loan first lien	$0	$-54,000 164c	S+600 bp PIK 3.25%
F••••••• B•• C•••••• C•••	term loan first lien Senior S•••••• First Lien Debt	n/a	n/a
F••••••• B•• C•••••• C•••	term loan first lien	$0	$-21,000 420c	S+600 bp PIK 3.25%
F••••••• B•• C•••••• C•••	term loan first lien Senior S•••••• First Lien Debt	n/a	n/a
F••••••• B•• C•••••• C•••	term loan first lien	$21.5M	$21.1M 99c	S+600 bp PIK 3.25%
F••••••• B•• C•••••• C•••	term loan first lien Senior S•••••• First Lien Debt	n/a	n/a
G•••• C•••••• B•• 4• I•••	term loan first lien One stop 2	$0	$-47,000 940c
G•••• C•••••• B•• 4• I•••	term loan first lien One stop 4	$0	$-108,000 470c
G•••• C•••••• B•• 4• I•••	term loan first lien One stop 1	$5.5M	$5.2M 96c	S+600 bp PIK 3.25%
G•••• C•••••• B•• 4• I•••	term loan first lien One stop 5	$0	$-69,000 863c
G•••• C•••••• B•• 4• I•••	term loan first lien One stop 3	$16.5M	$15.7M 96c	S+600 bp PIK 3.25%
G•••• C•••••• B••• I•••	term loan first lien One stop 1 \| Non-Affiliated Issuer	$53.4M	$51.0M 96c	S+600 bp PIK 3.25%
G•••• C•••••• B••• I•••	term loan first lien One stop 2 \| Non-Affiliated Issuer	$0	$-286,000 414c
G•••• C•••••• B••• I•••	term loan first lien One stop 4 \| Non-Affiliated Issuer	$5.0M	$4.8M 96c	S+600 bp PIK 3.25%
G•••• C•••••• B••• I•••	term loan first lien One stop 3 \| Non-Affiliated Issuer	$0	$-223,000 826c
G•••• C•••••• B••• I•••	term loan first lien One stop 5 \| Non-Affiliated Issuer	$0	$-16,000 800c
G•••• C•••••• D••••• L•••••• C•••	term loan first lien One stop 2	$0	$-2,000
G•••• C•••••• D••••• L•••••• C•••	term loan first lien One stop 4	$0	$-32,000 457c
G•••• C•••••• D••••• L•••••• C•••	term loan first lien One stop 5	$0	$-24,000 800c
G•••• C•••••• D••••• L•••••• C•••	term loan first lien One stop 1	$424,000	$405,000 96c	S+600 bp PIK 3.25%
G•••• C•••••• D••••• L•••••• C•••	term loan first lien One stop 3	$5.7M	$5.4M 96c	S+600 bp PIK 3.25%
G•••• C•••••• D••••• L•••••• U•••••••• C•••	term loan first lien One stop 3	$0	$-13,000 650c
G•••• C•••••• D••••• L•••••• U•••••••• C•••	term loan first lien One stop 1	$3.1M	$2.9M 96c	S+600 bp PIK 3.25%
G•••• C•••••• D••••• L•••••• U•••••••• C•••	term loan first lien One stop 4	$254,000	$243,000 96c	S+600 bp PIK 3.25%
G•••• C•••••• D••••• L•••••• U•••••••• C•••	term loan first lien One stop 5	$0	$-2,000
G•••• C•••••• D••••• L•••••• U•••••••• C•••	term loan first lien One stop 2	$0	$-18,000 450c
G•••• C•••••• P•••••• C••••• F•••	term loan first lien One stop 4	$23.4M	$22.4M 96c	S+600 bp PIK 3.25%
G•••• C•••••• P•••••• C••••• F•••	term loan first lien One stop 2	$0	$-339,000 499c
G•••• C•••••• P•••••• C••••• F•••	term loan first lien One stop 1	$45.3M	$43.2M 96c	S+600 bp PIK 3.25%
G•••• C•••••• P•••••• C••••• F•••	term loan first lien One stop 3	$0	$-189,000 822c
G•••• C•••••• P•••••• C••••• F•••	term loan first lien One stop 5	$0	$-219,000 1043c
M••••• C•••••• I••••• P••• C•••	revolver first lien Revolver)	n/a	n/a
M••••• C•••••• I••••• P••• C•••	delayed draw term loan first lien Delayed Draw) \| Senior S•••••• Loans	$2.7M	$0	S+600 bp PIK 3.25%
M••••• C•••••• I••••• P••• C•••	revolver first lien Revolver) \| Senior S•••••• Loans	$5.8M	$0	5.50%
M••••• C•••••• I••••• P••• C•••	term loan first lien Senior S•••••• Loans	$13.7M	$13.6M 100c	S+600 bp PIK 3.25%
M••••• C•••••• I••••• P••• C•••	term loan first lien Senior S•••••• Loans	$29.2M	$29.1M 101c	S+600 bp PIK 3.25%
M••••• C•••••• I••••• P••• C•••	delayed draw term loan first lien Delayed Draw) 1	n/a	n/a
M••••• C•••••• I••••• P••• C•••	delayed draw term loan first lien Delayed Draw) \| Senior S•••••• Loans	$2.8M	$0	S+600 bp PIK 3.25%
M••••• C•••••• I••••• P••• C•••	delayed draw term loan first lien Delayed Draw) 2	n/a	n/a

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	9	$369M	$345M	97c	21
Mar 31, 2026	9	$361M	$337M	98c	22
Dec 31, 2025	9	$353M	$338M	101c	22
Sep 30, 2025	9	$390M	$380M	101c	16
Jun 30, 2025	9	$263M	$252M	101c	11
Mar 31, 2025	9	$257M	$246M	101c	10
Dec 31, 2024	9	$410M	$386M	101c	18
Sep 30, 2024	9	$245M	$230M	100c	11

What changed

Every change including routine ones

Identity

Group key: VARICENTderivedthe codename stem after legal suffixes and deal words
Spellings: 2 across 9 BDCsderived