DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
F•••••• I••
group grade Bon a schedule nowsponsor unattributed
Also written as: F•••••• I••.1; F•••••• I••.2; F•••••• I••.3
What matters now
- 1 of 1 lenderon non-accrual
Non-accrual at 1 of 1 lender on the latest schedules, first placed in Q3 2025.
since Q3 2025 · Interest has stopped accruing; the lenders no longer expect to be paid in full.
FactBDC schedules of investments, 30 Jun 2026For restructuring advisers, special situations funds, the lenders' LPsSee every lender → - 37¢ → 32¢consensus mark
Consensus mark 32¢ on cost, down from 37¢ a year ago, 29¢ last quarter.
Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.
Derived1 of 1 lender' own marks, weighted by principal - $10Mprincipal outstanding
$10M principal held by 1 lender; matures Oct 2026.
Q2 2026 · Refinancing is due in 1 months at a 32¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
37¢ · 37¢ · 35¢ · 29¢ · 32¢Q2 2025 to Q2 2026
Principal held
at least $10.0M
sum of BDC pieces, a lower bound
Fair value
$3.4M
32c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
3 equity pieces beside them
Next maturity
Oct 31, 2026
$10.0M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
5
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••••••••• V•••••• G••••• B•• C•••• | $10M | 32¢ | +3 pts |
Every BDC piece · 5 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| T••••••••• V•••••• G••••• B•• C•••• | term loan lien unstated Growth Capital L••• 3 | $7.3M | $2.4M 33c | S+800 bp |
| T••••••••• V•••••• G••••• B•• C•••• | term loan lien unstated Growth Capital L••• 2 | $2.7M | $894,000 31c | S+800 bp |
| T••••••••• V•••••• G••••• B•• C•••• | term loan lien unstated Growth Capital L••• 1 | $105,000 | $35,000 32c | S+625 bp |
| T••••••••• V•••••• G••••• B•• C•••• | preferred equity equity P•••••••• S•••• | W•••••• Investments | Not disclosed | $0 0c | |
| T••••••••• V•••••• G••••• B•• C•••• | preferred equity equity P•••••••• S•••• | Equity Investments | Not disclosed | $0 0c |
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 $10.0M | 32c | S+800 bp | Jan 31, 2027 | 1 |
| other lien unstated exited Sep 30, 2025 | at least $11.1M | 37c | S+800 bp | Jan 31, 2027 | 1 |
Equity pieces beside the debt: preferred equity ($0 fair value, 1 BDC), warrants ($0 fair value, 1 BDC), equity ($0 fair value, 1 BDC)
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 | 1 | $10.0M | $3.4M | 32c | 0 |
| Mar 31, 2026 | 1 | $10.0M | $3.0M | 29c | 0 |
| Dec 31, 2025 | 1 | $22.2M | $8.0M | 35c | 0 |
| Sep 30, 2025 | 1 | $11.1M | $4.2M | 37c | 0 |
All 16 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $11.1M | $4.3M | 37c | 0 |
| Dec 31, 2024 | 1 | $25.2M | $25.3M | 98c | 0 |
| Sep 30, 2024 | 1 | $0 | $0 | n/a | 0 |
| Jun 30, 2024 | 1 | $0 | $0 | n/a | 0 |
| Mar 31, 2024 | 1 | $0 | $0 | n/a | 0 |
| Dec 31, 2023 | 1 | $0 | $0 | n/a | 0 |
| Sep 30, 2023 | 1 | $0 | $0 | n/a | 0 |
| Jun 30, 2023 | 1 | $0 | $0 | n/a | 0 |
| Mar 31, 2023 | 1 | $0 | $0 | n/a | 0 |
| Dec 31, 2022 | 1 | $0 | $0 | n/a | 0 |
| Sep 30, 2022 | 1 | $0 | $0 | n/a | 0 |
| Dec 31, 2021 | 1 | $0 | $0 | n/a | 0 |
What changed
- Maturity approachingJan 31, 2027
- Marked down across lendersMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Facility left every BDC scheduleSep 30, 2025
- Placed on non-accrualSep 30, 2025
Full timeline · 6 eventsShow fewer
- 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
- FRUBANAderivedthe codename stem after legal suffixes and deal words
- Spellings
- 4 across 1 BDCderived