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

D• A•••••• B••••• L••

Softwaregroup grade Aon a schedule nowsponsor unattributed
Also written as: DS Admiral; LLC First and; LLC. Asset Type
Principal held
at least $4.1M
sum of BDC pieces, a lower bound
Fair value
$3.8M
96c on cost, debt pieces
Unfunded
$100,000
commitments not yet drawn
BDC lenders
14
4 on the latest quarter
Facilities
5
0 equity pieces beside them
Next maturity
Jun 26, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
12
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
FacilityHeldOn costPricingMaturityBDCs
first lien term loan first lienat least $4.0M97cSOFR+425 bpJun 30, 203112
first lien revolver first lienat least $100,000n/aSOFR+350 bpJun 26, 20293
second lien term loan second lien
exited Sep 30, 2025
at least $1.9M101cSOFR+425 bpJun 26, 20311
revolver lien unstated
exited Dec 31, 2024
unknownn/aunstated2
other lien unstated
exited Mar 31, 2024
unknownn/aunstated3
Lenders
every BDC piece at the latest quarter end
BDCInstrumentPrincipalFair valueRate
A•••••• P•••••• C••••• F•••revolver first lien
First Lien Revolver Reference Rate and Spread S + 3.50% Interest Rate 7.25% Maturity Date
$100,000$-5,000SOFR+350 bp
A•••••• P•••••• C••••• F•••revolver first lien
Revolver Commitment Expiration Date 6/26/2029
n/a$-5,000
C••••••• P•••••• C••••• I••••• C•••term loan first lien
Investment Type Senior Secured First Lien Term Loan Interest Term S + 425 Interest Rate 7.
$1.0M$992,000
96c
SOFR+425 bp
F••••••• P•••••• L•••••• F•••term loan first lien
Investment First Lien - Term Loan Reference Rate and Spread SOFR+425 Interest Rate 8.0% Ma
$0$0
0c
SOFR+425 bp
G•••• E•• C•••••• C••••term loan first lien
Industry Technology Security 1st Lien, Secured Loan Interest Rate 1M SOFR + 4.25% (7.98%)
$3.0M$2.8M
97c
SOFR+425 bp
Through time
the borrower's pieces summed across BDCs, every quarter end
Quarter endBDCsPrincipal heldFair valueOn costPIK pieces
Jun 30, 20264$4.1M$3.8M96c0
Mar 31, 20264$11.7M$10.8M94c0
Dec 31, 20254$12.6M$12.3M99c0
Sep 30, 20253$3.7M$3.6M101c0
Jun 30, 20253$3.4M$3.3M101c0
Mar 31, 20255$11.9M$11.3M99c0
Dec 31, 20244$19.3M$18.7M100c0
Sep 30, 20243$7.7M$7.4M97c0
Jun 30, 20243$7.7M$7.7M100c0
Mar 31, 20246$71.9M$70.6M102c0
Dec 31, 20235$84.0M$83.3M102c0
Sep 30, 20235$69.2M$67.8M101c0
Jun 30, 20235$69.4M$67.5M101c0
Mar 31, 20235$69.6M$67.3M100c0
Dec 31, 20225$74.7M$71.9M100c0
Sep 30, 20221$100,000$100,000100c0
Dec 31, 20211$11.9M$11.9M103c0
What changed
Every change including routine ones
Identity
Group key
DS ADMIRALderivedthe codename stem after legal suffixes and deal words
Spellings
2 across 14 BDCsderived
Industry
Softwarereportedas one filer wrote it